Julia Vakulenko

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MLS# O5556403

Spectacular maintenance-free, lakefront villa in River Strand Golf and Country Club. The floor plan, 2 bedrooms, 2 baths and a den with double glass French doors and open floorplan, Tile roof. All lawn care, home exterior paint and roof are...
Visit this property in BRADENTON: 6628 CANDLESTICK DR, BRADENTON

MLS# U7844252

5 mile lighted paved path overlooking Tampa Bay. 24/7 guard pavilion. Pet friendly community with breed restrictions. Restaurants, banks, and entertainment short driving distance.
Visit this property in CLEARWATER: 2731 VIA CAPRI #910, CLEARWATER

MLS# A4206899

Unobstructed Gulf Views from this move-in ready condo in Seaplace, one of Longboat Key’s most desirable communities. This residence features updated open kitchen with solid surface counters, stainless appliances and come with 2 assign parking....
Visit this property in LONGBOAT KEY: 1975 GULF OF MEXICO DR #G4-209, LONGBOAT KEY

MLS# U7844203

Outstanding opportunity to own this charming 2 bedroom, 1 bath spacious 940 sq ft condo. Move in ready, featuring new paint, new flooring, new kitchen, updated bathroom, ceiling fans and appliances are included. This could make a great investment...
Visit this property in ST PETERSBURG: 3910 44TH ST N #C2, ST PETERSBURG


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:


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