Julia Vakulenko

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MLS# N5917384

LOCATION, LOCATION community along the intracoastal waterway and Legacy Trail for walking or biking to BEACH, HISTORIC DOWNTOWN, MARINE MAX BOAT FACILTY and THE OLD SALTY DOG. This home is move in ready with newer AC, subway tiled baths, beadboard...
Visit this property in VENICE: 131 RIO TERRA, VENICE

MLS# U7854381

Interior laundry room, gas fireplace, crown molding, and tile floors throughout, with an oversized master bath and master walk-in closet. In this community you will enjoy world-class amenities with a geo-thermal heated pool, spa, shaded poolside...
Visit this property in CLEARWATER: 2730 VIA TIVOLI #315B, CLEARWATER

MLS# U7854681

The home has a bay window in the living room, good sized kitchen with breakfast bar and stainless steel appliances. Bathroom with full shower, plumbed for washer/dryer, bedroom with built-ins, mirrored closets and queen size bed. Additional patio...
Visit this property in LUTZ: 20500 COT RD #842, LUTZ

MLS# C7251496

The kitchen, opening to the great room, has lots of solid wood cabinetry and a breakfast bar. The large master suite has a 10x6 walk in closet and trayed ceiling. community pool, fitness center, billiard room, playground, basket ball court,...
Visit this property in NORTH PORT: 1129 JONAH DR, NORTH PORT


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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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