Another Kissimmee Florida Short Sale Approval

 

It only took 7 months BUT we have another Bank Of America Short Sale Approval.

Location:

• Kissimmee Florida.

Details:

• Placed on the market with Tutas Towne Realty on March 1, 2009 at $89,000.

• Went pending on April 17th at $79,000 all cash Buyer.

Mortgages:

• $188,000 owed on the 1st Mortgage with Bank of America.

• $25,000 owed on the 2nd with Real Time Solutions.

Challenges:

• Keeping the Buyer on board for almost 7 months.

• The 2nd started out with Bank of America and was sold to Real Time Solutions about 5 months into the transaction.

• The Seller is an investor than owns multiple properties.

Outcome:

• Bank of America netted $69,000 (37% of what was owed).

• The 2nd received $3,000

• Only $500 cash contribution required from the Seller.

• NO note

• Happy Seller. Happy Buyer, Happy Agents

 

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

 

Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://CentralFloridaShortSales.com

http://ShortSaleSuperStars.com

Are you a Florida REALTOR(R) looking for a change? Check it out.

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