Tutas Towne Realty and Bryant Tutas just had another successful Orlando Florida Short Sale closing with Bank of America. The property: Primary Residence. 3 bedroom 2 bath single family home located in Orlando Florida. This home has 1,422 sq ft of living area and was built in 1988. It was purchased in 2007 for $240,000. It Sold 10/15/2012 for $115,000. That's a decline in value of 52% in 5 years. Liens: 1st Mortgage with Bank of America for $192,000 2nd Mortgage with Bank of America for $48,000 Hardship: Loss of income. Separation. Summary: Tutas Towne (12 comments)
Tutas Towne Realty and Bryant Tutas just had another successful Orange City Florida Short Sale closing with Bank of America. The property: Investment Property. 3 bedroom 2 bath single family home located in Orange City Florida. This home has 1,240 sq ft of living area and was built in 2005. It was purchased new in 2005 for $158,900. It Sold 8/15/2012 for $65,600. That's a decline in value of 59% in 7 years. Liens: 1st Mortgage with Bank of America for $112,000 Hardship: Loss of income. Loss of renters. Summary: Tutas Towne (2 comments)
Folks, as we all know, there are many things that are wrong in the Short Sale world. And in my opinion there is one thing that is very right. The Bank of America Cooperative Short Sale. The Bank of America Co-op is what Short Sales should be.
Low to no documentation from the Seller. Pre-approved pricing with aggressive price reductions. $2,500 cash to the Seller at closing. Full Waiver of Deficiency. 6% Commission.. Can be an investment property.
It’s basically HAFA without all of the paperwork and time delays. I’ve done quite a few of these (11 comments)