Julia Vakulenko

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MLS# U7830871

Amenities include 2 Heated Swimming Pools, Hot Tub, Putting Green, Playground, Racquetball, Tennis Courts, Recreation Building, Private Beach, Tiki Huts, Kayak/Canoe Storage, Boat Parking, Boat Ramp, Security and More. This is a Ground Floor Unit....
Visit this property in ST PETERSBURG: 3600 42ND ST S #C, ST PETERSBURG

MLS# T3228682

Priced to sell. Whether you are looking to buy your first investment, add this to your current portfolio or make this your next home, this house is priced to sell at a great price. This 3 BR 1 BA is located in east Tampa within 15 minutes of the...
Visit this property in TAMPA: 3112 E IDA ST, TAMPA

MLS# U8025996

Escape the stress of everyday life in this extraordinary, resort-inspired masterpiece tucked on the quiet street of Bayou Grande. Outdoor living space features three tiers of lush privacy boasting an outdoor kitchen and wet bar, gas fireplace,...
Visit this property in ST PETERSBURG: 1849 BAYOU GRANDE BLVD NE, ST PETERSBURG

MLS# T3215734

This is an income based sale. 2nd smaller home exists on the parcel. Both homes are leased. 2 BR, 1 Bath approx.
Visit this property in PLANT CITY: 3425 THONOTOSASSA RD, PLANT CITY


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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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