Julia Vakulenko

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MLS# A4403987

This TURNKEY FURNISHED ground floor unit in the beautiful community of Gulf Mariner is sure to meet all of your expectations. The dining room/living room combination makes entertaining a breeze, with a pass through window into the kitchen. With...
Visit this property in REDINGTON SHORES: 17580 GULF BLVD #104, REDINGTON SHORES

MLS# U8005749

5 bath ground floor unit at a very competitive price. This unit has been very well taken care of with some updates to include AC replacement (Dec of 2016), newer Refrigerator, large 18" tile flooring and upgrades in both bathrooms. Conveniently...
Visit this property in ST PETERSBURG: 5080 LOCUST ST NE #129, ST PETERSBURG

MLS# U8005745

This is a nice home in a nice, convenient location. Very pretty corner lot Two or Three bedroom (Seller used as three bedroom, with a hall closet) only two with closets. Ceramic tile throughout the home, large two car garage with screen door, and...
Visit this property in HOLIDAY: 3533 OVERLAND DR, HOLIDAY

MLS# T3109669

Beautiful 3 bedrooms, 2 full bathrooms, 1 half-bathroom, 2089sqft, 2 car garage home with freshly paint and updated with beautiful wood-laminate floors on all bedrooms and living room within the gated community of Watergrass. Located close to...
Visit this property in WESLEY CHAPEL: 31633 SPOONFLOWER CIR, WESLEY CHAPEL


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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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