russian french spanish english
Julia Vakulenko

Featured properties: See ALL

Tampa4U.com

Newest listings

MLS# U8216840

Built in 1997, the home includes newer appliances, except for dishwasher; 2021 luxury wide-plank waterproof vinyl flooring throughout, 2023 central A/C and water heater, master suite with large bath and walk-in closet and split bedroom plan for...
Visit this property in SUN CITY CENTER: 2435 NEW HAVEN CIRCLE # 61, SUN CITY CENTER FL 33573

MLS# T3477873

Seasoned with love and care. So much space. Rest easy knowing that your roof is only 3 years old, your A/C is only 1 year old, and your water heater is brand new. Once you see it, you'll want it.
Visit this property in PLANT CITY: 1703 SPARKMAN ROAD, PLANT CITY FL 33566

MLS# T3474530

Two units. Each unit features 2 bedrooms 1 bath, kitchen, living, & a small court yard. Plenty of parking. Great location.
Visit this property in TAMPA: 6908 S MACDILL AVENUE, TAMPA FL 33611

MLS# A4585361

Entering through a gated, fenced in courtyard you'll find a beautiful garden with an avocado tree, providing shade and privacy for cool evening gatherings. The master bedroom includes vaulted ceilings and large windows. Close to the airport and...
Visit this property in CLEARWATER: 1881 N HERCULES AVENUE # 1502, CLEARWATER FL 33765


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