Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Dundee Florida Short Sale Specialist Closes OCWEN Short Sale
Dundee Florida Short Sale Success With OCWEN
Orlando Short Sale Specialist Bryant Tutas and Tutas Towne Realty, Inc just had another successful Dundee Florida Short Sale closing with Ocwen.
Investment property. 3 bedroom 2 bath single family home located in Dundee Florida. This home has 1,604 sq ft of living area and was built in 2005. It was purchased in 2005 for $159,400. It Sold 06/27/2013 for $80,000. That's a decline in value of 50% in 8 years.
1st Mortgage with OCWEN for $150,000 Hardship:
Loss of income Loss of tenants Summary:
The property was placed on the market March 15th 2013 for $90,000. It was placed under contract on 16 April 2013 for $80,000. The complete short sale package was sent to Ocwen on 2 May. We received the approval on 23 May!!! 21 days for HAFA Short Sale Apporval.
The transaction closed on 27 June 2013. Only 105 days from listing to closing!!
OCWEN accepted $73,000 or roughly .47 cents on the dollar for the 1st mortgage.
***The Seller received FULL WAIVER OF DEFICIENCY on the OCWEN Short Sale
The Seller says:
I tried not to ... more
Are you on The Rain? Grow Your Network!