Julia Vakulenko

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MLS# T3109687

Sold AS-IS. New roof and tile floors through out. Near Ybor city, new home of The Rays Stadium, close to hospitals, and downtown Tampa, and highways 275 and 4. All rooms are approximate to size.
Visit this property in TAMPA: 3514 E 9TH AVE, TAMPA

MLS# U8005774

Honey, stop the car. Get ready to fall in love with this charming home in a highly desirable area - less than a mile from Historic Kenwood. Roof and A/C replaced in 2014 along with full kitchen & bathroom renovations. Located on an oversized,...
Visit this property in ST PETERSBURG: 4363 4TH AVE N, ST PETERSBURG

MLS# U8005731

All flooring is wood and ceramic tile, carpet in bedrooms. Brick pavers adorn your driveway and your lanai. This home is move in ready. Briar Patch is open to all ages and has a community pool and a reasonable monthly HOA fee of only $171 which...
Visit this property in NEW PORT RICHEY: 2537 EVERSHOT DR, NEW PORT RICHEY

MLS# T3109671

This charming cottage 3 bedroom, 2 bath, PLUS Office/Den home located in the highly popular area of SEMINOLE HEIGHTS is sure to delight. Almost everything has been UPDATED or RENOVATED all within the few years with new carpet last month. Living...
Visit this property in TAMPA: 4104 N SEMINOLE AVE, TAMPA


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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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