Julia Vakulenko

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MLS# U8163122

Huge center island with cooktop looking out at the beautiful pool and lanai. Plantation shutters. Agent is owner. Don’t miss this one.
Visit this property in PALM HARBOR: 4941 KYLEMORE COURT, PALM HARBOR FL 34685

MLS# T3375112

Fantastic 3 bed 2 bath home on an oversized corner lot. Open the door to this generously laid out family room that flows into the kitchen. Giving that open concept that you're looking for. The home has been generously updated with wood laminate...
Visit this property in TAMPA: 1604 E SITKA STREET E, TAMPA FL 33604

MLS# U8163727

High and dry no flood insurance required. This property exudes charm from the moment you step in. The floor plan leads to the spectacular, newly renovated, chef's dream eat-in kitchen, spacious and well-lit with an abundance of QUARTZ counter tops...
Visit this property in ST PETERSBURG: 5119 N RIDGE STREET N, ST PETERSBURG FL 33709

MLS# T3375192

Walking into the home you will find the large OPEN living room, dining room, and kitchen area. Also on the first floor you will find the half bath which is great for guests or to save from going upstairs. Next you will find the shared FULL...
Visit this property in LARGO: 13566 FOREST LAKE DRIVE, LARGO FL 33771


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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:

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