Julia Vakulenko

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MLS# T3131407

Great location and community with features that everyone will enjoy. This wonderful home is 2613 sq. Huge covered lanai also. Wow.
Visit this property in WIMAUMA: 5070 IVORY STONE DR, WIMAUMA

MLS# U8035307

Fabulous Palazzo del Sol Condominiums are coming soon to the beach in beautiful Indian Shores. Interiors offer more than 3,100sf of luxury living space, with 3 bedrooms and 3 1/2 baths, plus a bonus media room or office, and an expansive 42’ wide...
Visit this property in INDIAN SHORES: 18800 GULF BLVD #302, INDIAN SHORES

MLS# T2881617

Nowhere on the Gulf of Mexico will you find a fortress like this, built on a high bluff, with secure underground private parking and leading down to a protected waterway with deep boat access. Built for the ultimate in entertaining with...
Visit this property in LARGO: 204 HARBOR VIEW LN, LARGO

MLS# A4215528

Great for expanding to lucrative memory care. Can Pay Cash for Approximately 1 Acre of Beautiful Commercial Real Property or Finance Through a Lender. Owner/Manager Can Increase the Bottom Line Significantly. Situated on Almost One Commercial Acre...
Visit this property in PLANT CITY: 110 E KEYSVILLE RD, PLANT CITY


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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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