Julia Vakulenko

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MLS# T2904864

Here is your new HOME. This UPDATED & Move In Ready beautiful home is located in the Gated Community of the highly desired community of OAKSTEAD. Enjoy a warm shower or relax in the separate Garden Tub. White PVC fence surrounds the entire...
Visit this property in LAND O LAKES: 4152 MARCHMONT BLVD, LAND O LAKES

MLS# A4196851

Extra extra. Forest Creeks most popular Freshwater 2 floor plan with an over sized lot and an enormous 6 ft PVC fence. If you are looking for play space for the pups this home has to be at the top of your list of "MUST SEE" properties. Freshly...
Visit this property in PARRISH: 11783 FENNEMORE WAY, PARRISH

MLS# A4196876

Timber Creek Condo Association for 55+ YOUNG adults is a hidden gem off right Cortez Rd, only 4 miles away from Anna Maria beaches, 12 miles to Sarasota Downtown and really close to IMG Academy. Florida wild nature preserve and birds sanctuary on...
Visit this property in BRADENTON: 6092 RED MAPLE RD #702, BRADENTON

MLS# N5914309

Maintenance Free. Roofs are included in HOA. Master BR with double sink vanities and walk in closet. Three community swimming pools for residents.
Visit this property in VENICE: 904 PAISLEY CT #3, VENICE


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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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