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Successful IndyMac-One West Bank Short Sale In Dunedin Florida

Tutas Towne Realty and Bryant Tutas just had another successful Dunedin Florida Short Sale closing with IndyMac-One West Bank.
The property: 2 bedroom 2 bath single family home located in Dunedin Florida. This home has 1,476 sq ft of living area. It was purchased in October of 2005 for $205,000. Sold yesterday for $101,000.
Liens:
1st Mortgage with IndyMac-One West Bank for $190,000 2nd Mortgage with IndyMac-One West Bank for $38,000 Hardship:
Curtailment of income. Relocation. Summary:
This was a pretty straight forward Dunedin Florida Short Sale. I was contacted by the Buyer in August about wanting to purchase this property. She had contact info for the sellers so I contacted them and put the deal together. The initial offer was for $72,000. After negotiating back and forth with the lender the buyer agreed to a price of $101,000.
The Buyer is a first time home buyer and ended up using a FHA 203k Rehab Loan to purchase the property and added about $25,000 worth of repairs into the loan.
The Sellers had abandoned the property after an unsuccessful short sale with another agent and were thrilled to be contacted about doing the deal. We were able ... more

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