Julia Vakulenko

Featured properties: See ALL

Tampa4U.com

Newest listings

MLS# T2897587

Pete, and Orlando. One mobile home is 2/1 bath and other is 2/2 baths. Square footage reflects both mobile homes together. Come see soon.
Visit this property in WIMAUMA: 5575 STATE ROAD 674, WIMAUMA

MLS# T3130833

The slip number is 7A-6, end slip on fresh water canal that leads out to Old Tampa Bay navigational waters. The slips have electric and water. Must reside in the Master Development of Villages of Bayport in order to purchase slip. Must be a cash...
Visit this property in TAMPA: 00000 SAINT TROPEZ, TAMPA

MLS# T3130417

Priced to sell. This unit showcases tile flooring throughout along with motorized blinds and custom crafted valances in EVERY room. NEW stainless-steel GE Profile appliances were installed in September 2018 to complement the open concept chef’s...
Visit this property in INDIAN ROCKS BEACH: 940 GULF BLVD #203, INDIAN ROCKS BEACH

MLS# U7813976

Under construction. $25K buyer bonus and $5K realtor bonus through May 31. Minutes from Pier 60, Pura Vida allows for shopping and dining while maintaining the convenience and seclusion only offered by an exclusive 22-unit building. Flexible pet...
Visit this property in CLEARWATER BEACH: 15 AVALON ST #7G/704, CLEARWATER BEACH


Tampa4U.com

Tampa Short Sales

When a homeowner needs to sell their property, but the sale is going to be less than the mortgage amount, the homeowner must seek approval from their lender in order to make a short sale.

Banks often approve a short sale due to the amount of time and money that a foreclosure process brings to the lender. Some lenders will see short sales as an easy way to cut losses and move on. This way, the lender gets the proceeds from the sale, and the owner would be forgiven for the rest of the debt still owed. This cannot work for owner who has the ability to make payments, owns other high equity real estate, or lied about something on the loan application. It is not an easy way out of a bad investment.

From the buyer’s view, purchasing a home from a short sale can be a long process that ends up leading nowhere. It could be as long as 90 days to get a response from the bank to approve an offer that was accepted by the seller. Buyers can often get frustrated and just walk away from the situation. There is no great bargain in purchasing a short sale, so there is no motivation for a buyer to jump at this chance.

If the bank does approve a short sale, the buyer will have to close the deal in about two weeks. This means that a buyer must have inspections and appraisals ready to be done, as well as the financing. Most short sales now do not get approved and the homes are ending up in foreclosure. This way, the bank has the property clear of any secondary loans and they can list the property as an REO on the market.

 

The Home Buying Process:

 

Types of Resale in Today's Market:

 

Taxes, CDD, HOA, and Homestead:

© Copyright 2008 - 2016