Julia Vakulenko

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MLS# U8025419

Enjoy a romantic evening over a bottle of wine or tea with spectacular sunsets. There is a community dock for your paddle boarding or kayaking adventures. Short walk or bike ride to the beaches and restaurants and John's Pass. Petersburg.
Visit this property in TREASURE ISLAND: 519 PLAZA SEVILLE CT #37, TREASURE ISLAND

MLS# T3143547

The beautifully upgraded kitchen is perfect for anyone hoping to entertain. The bright cabinets and granite counters make for the perfect spot to begin your day. Entertain your guests in the wide, open layout of the home and then invite them to...
Visit this property in ST PETERSBURG: 4000 10TH AVE N, ST PETERSBURG

MLS# U8025528

The relaxing balcony is the ideal spot for enjoying fantastic sunrises with both island & water views. There's also an indoor utility closet with full size washer and dryer. Additionally, there is covered, assigned first floor parking #43 and...
Visit this property in ST PETERSBURG: 6287 BAHIA DEL MAR CIR #1206, ST PETERSBURG

MLS# U8025436

Live the ultimate Florida lifestyle in your beautifully updated pool home in desirable Beckett Bay. As you enter the foyer, your eye is drawn to the vaulted ceilings, gorgeous low maintenance Pergo laminate flooring and cozy wood burning...
Visit this property in TARPON SPRINGS: 1514 RIDGE SHORE DR, TARPON SPRINGS


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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.

 

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Taxes, CDD, HOA, and Homestead:

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