Successful Poinciana Florida Short Sale With Selene Finance

Bryant - those numbers are amazing. I'm wondering why investors aren't beating a trail to your door to find as many of these deals as possible. We know that builders can't come close to building a home for this price, so eventually they prices will come back to normal, and in the meantime, just find someone to rent it.

Congratulations on the sale. You are the short sale experts on Active rain.

Congratulations on the new listing!  I hope you sell it soon.

Those must be FLorida banks because I have never heard of either of them. Kudos to you on closing another one.

Bryant - A friend in Florida told me about a condo that sold for $17,000 in her area.  There are still great deals in Florida, not so much up here.  Congratulations on another successful short sale. 

BB, have not had one get to closing hat quickly in a while.  What a fantastic price for what appears to be a relatively well kept home.  Under 30 cents on the dollar, wow, nice job. 

...and I thought my Palm Springs Short Sales had fallen through the floor!  THey have, but not THAT far.  You can get one of my older (1982), small (780sf) condos in a Short Sale for $58,000 in a good area, but that's about it.  You skunked me!!!  Good job!!

BB - CONGRATS on another successful short sale closing in Poinciana FL!  The sales price is phenomenal.

Bryant, how about you put another house like that one on a truck and ship it up here to Connecticut and I will buy it :) :) :)

Good job as always.

Thanks for sharing the one and only positive outcome involving Selene Finance. Ive overseen (as BIC) or personally completed more short sales than I can count during the housing downturn. 

Currently began working w/Selene 8/2017.

Submitted all listing w/Short sale addenda, supplying notice to Selene of borrowers attempt to settle & market.

Sellers Hardship: Relocation & Medical >1year

Home: vacant/vandalized/secured prior to market

Market Price @55% purchase price in 2005

BPO via Selene at time of Market %41 original purchase price/LA

Highest/best offer cash Dec 11 2017 at 42% orig.purch.price.

Its been 4.5 months and lien holder claims Selene has yet to present offer for settlement to investors for approval.

Escrow, attorneys, nor agents have received timeline, approval/denial Pay Off terms.

We all know without payoff instructions, letter of debt settlement for less than amount borrowed, cannot close.

Selene only repeats BPO orders verifiying continued equity drop.

Property vacant and deteriorating.

Selene sat idle from December 2017 until February 2018 claiming negotiator in charge of acount is no longer in that position (w/no re-assignment of work load during that time period, no return of communications or correspndance).

After eight years SS experience,  they(Selene) take the cake for worst Financial Institution to attemtpt to work with.

Before any Realtor/agent decides to assist a client in need, where the account has been assigned to Selene,  do your homework. Google BBB, FTC, investigations into Selene's practices.

These are not simply disgruntled borrowers, or foreclosed homeowners.. 

Our time is too valuable. Selene's workers are salaried, we're simply trying to assist clients/past clients with legitimate hardships.

WOW!!, never again.

My client forewarned, but in our business, working hard for our clients

is what built our careers.