Julia Vakulenko

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MLS# T2917924

The Master Bedroom is amazingly large to include enough room for extra sitting area. The Gathering Room is large enough for all your furniture. No HOA or restrictions. Won't last - make your appointment to view today.
Visit this property in NEW PORT RICHEY: 9208 OUTPOST DR, NEW PORT RICHEY

MLS# E2205540

If all you want for Christmas is an amazing lakefront home, then you have found it. This beautiful 4 bedroom 3 bath home is located on a amazing recreational lake hidden away from the hustle and bustle. There is also a bonus room for guests and a...
Visit this property in DADE CITY: 18285 TOWNSEND HOUSE RD, DADE CITY

MLS# A4203937

Upon entering this Immaculate Home, you will be taken away by its Beautiful, efficient and organized Contemporary Design. The formal living area combined with dining area are all flowing beautifully under high Vaulted Ceilings, upgraded laminate...
Visit this property in BRADENTON: 3217 44TH DR E, BRADENTON

MLS# U7841188

The smooth top range, dishwasher and refrigerator are included with the sale. Windows over the double sink help one have an eye to the outside world while doing necessary chores. There is an open and compact family room area in addition to the...
Visit this property in LARGO: 21 ROYAL PALM CIR #21, LARGO


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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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