Julia Vakulenko

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MLS# T3232314

To be Built". Enjoy the privacy and 2. This lot is entirely cleared with irrigation in place, which is why it makes for a great horse pasture. Located in Odessa, this area is tranquil and offers incredible sunrises over private green pastures.
Visit this property in ODESSA: 18002 MCKINNON RD, ODESSA

MLS# U8051744

Perfect for entertaining and waterfront living. This two story Mediterranean home features five bedrooms (with 2 Master Suites), five baths, a game room, theater room, and much more. Plenty of room on the water for boats and jet skis, with...
Visit this property in BELLEAIR BEACH: 125 14TH ST, BELLEAIR BEACH

MLS# U8047517

Enjoy weekend cookouts from the outdoor kitchen and sparkling pool with spacious lanai and backyard with lush greenery & privacy walls. Additional bedrooms offer volume ceilings and pristine hardwood floors. The nanny/in-law suite provides privacy...
Visit this property in BELLEAIR: 204 PALMETTO RD, BELLEAIR

MLS# T3225479

An impressive entrance to the foyer that has onyx floors and bronze staircase opens to the formal two story living room, dining room and mahogany walled den. Downstairs also offers the family room, another bedroom and bath, gym, laundry room, half...
Visit this property in TAMPA: 415 S ROYAL PALM WAY, TAMPA


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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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