Petra Norris Realtor® Lakeland FL Homes for Sale (CDV TransAtlantic, Inc.)
Lakeland FL Short Sale – Bank of America HAFA and Florida Incentive
Success
Last
year when Bank of America announced the Florida
Incentive program giving homeowners up to $20,000 who
successfully close on or before August 31, 2012. I was a skeptical
of how exactly would it work out for the Lakeland FL homeowners.
It turned out that not all of the homeowners who thought
would get such an incentive got it, there were some who did not
qualify, however these homeowners successfully closed with a waiver
of deficiencies.
I am happy to
report that a short sale finally closed and sellers finally walked
away free and clear with a little cash to get on with their lives.
Bank of America HAFA short sale which included a Florida
Incentive payment for a successfully closed transaction on April
27, 2012 on a single family home in Lakeland
FL.
The home has 3
bedrooms/2baths with about 1,689 living square feet. It was
purchased in December 2007 for $169,500.
It was sold
for $118,500. A decline in market value of 30% within 5
years.
Liens:
1st mortgage
balance of $156,000 with Bank of
America
Hardship:
Curtailment of
Income
I was contacted in October and shortly thereafter receiving all
pertinent documents I marketed the property for $129,000 online in
November. All required documents including HAFA
application were sent through Equator for Bank of America and
received an approval in February.
Seller
received full
waiver of deficiency as well as HAFA and
Florida Incentive pay totaling $7,800, buyer received 3%
closing cost assistance on USDA loan and closing took place on
April 27, 2012 - It
took 171 days from listing to closing.
Don’t be foreclosed! Do your research when selecting a Lakeland FL short sale agent to work with. I have experience closing Lakeland FL short sales on both sides of the transaction as a listing agent and buyer’s agent I bring you comprehensive insight and understanding throughout the short sale process. Do you need to sell your home as a short sale in Lakeland, Auburndale, Bartow, Winter Haven, Polk City, Highland City, Mulberry, Bartow, Kathleen, or Lake Alfred? Call or email me for a personal and confidential consultation. This article was
originally posted on www.lakelandfl-shortsaleagent.com
I hope you found this post useful! If you need help finding or
selling your Lakeland, Florida home, please contact Petra Norris - REALTOR(R)
at 863-619-6918. If
you’re new to Lakeland, I’d especially like to extend a warm
welcome. I value my clients and provide them with honest, reliable
service. Allow me to introduce you to the Lakeland FL real estate landscape and
all it has to offer.
Copyright© 2012 By Petra Norris *Lakeland FL Short Sale – Bank of America HAFA and Florida Incentive Success* Authored by Petra Norris
Petra Norris - REALTOR®,
SFR
Managing Broker - CDV TransAtlantic, Inc.  (863) 619-6918  |
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