Tutas Towne Realty and Bryant Tutas just had another successful Oviedo Florida Short Sale closing with SunTrust Mortgage. The property: 4 bedroom 2 bath townhouse located in Hawthorne Glen Oviedo Florida. This home has 1,828 sq ft of living area. It was purchased new in March of 2006 for $277,200. It Sold today for $125,000. Liens: 1st Mortgage with SunTrust Mortgage for $234,500 Hardship: Curtailment of income. Current on payments. Purchased for their son when he was going to college. He graduated and they no longer needed the unit. Summary: This was a referral from my partner Wendy (7 comments)
Tutas Towne Realty and Bryant Tutas just had another successful Sanford Florida Short Sale closing with Suntrust. The property: 4 bedroom 2 bath single family home with swimmming pool located in Sanford Florida. This home has 2,232 sq ft of living area and was built in 2007. It was bought new in 2007 for $350,000 as a primary residence. Liens: 1st Mortgage with SuntrustBank of America for $281,000 2nd Mortgage with Suntrust for $31,000 Hardship: No hardship. Current on all payments. Selling to be a little closer to work Issues: None. Buyer and Seller were very cooperative. (12 comments)
Well this one was not easy. Sun Trust took 11 months to approve this Short Sale! Nine of those were waiting on the file to be assigned to a negotiator. During this time we lost 2 buyers and finally found one to stick.....I thought. About 3 weeks ago I received the approval to close. Even though I had communicated with the Buyer's agent every week for the last 9 months I found out a week before closing that the Buyer had changed his mind!!! So....I had to place the property back on the market as an "approved short sale". We (16 comments)