Successful IndyMac-One West Bank Short Sale In Dunedin Florida

By
Real Estate Broker/Owner with Tutas Towne Realty, Inc and Garden Views Realty, LLC BK607690

Dunedin Florida Short Sale

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 to negotiate a full waiver of deficiency with no cash contribution or promissory note being required.

I never saw the property, never me the seller or the buyer. The entire transaction was handled via email and text messages.

Tutas Towne Realty placed the property on the market August 12 at $75,000.  The transaction closed on December 20. 130 days from listing to closing!!

This property sold for $101,000. IndyMac accepted $88,000 or .46 cents on the dollar for the 1st mortgage and they accepted $3,000 or .08 cents on the dollar for the 2nd mortgage.

The Seller received full Waiver of Deficiency.

Do you need help with your Florida Short Sale?

Tutas Towne Realty has already successfully negotiated Short Sales with the following Lenders and Investors.

Can we add you to our list of successful Short Sales?

Are you facing foreclosure in Florida?

 

Contact Bryant Tutas

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

Copyright © 2011 http://www.brokerbryant.com/ | All Rights Reserved

 

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***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

 

 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

 Copyright © 2017 http://www.brokerbryant.com/ | All Rights Reserved

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Topic:
Home Selling
Location:
Florida Pinellas County Dunedin
Tags:
indymac
short sale approval
one west bank

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Rainmaker
643,946
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Congratulations on another successful short sale I know you have made everyone happy just in time for the holiday's.

Dec 21, 2011 03:24 AM #1
Rainmaker
881,739
Gail Robinson
William Raveis Real Estate - Southport, CT
CRS, GRI, e-PRO Fairfield County, CT

Bryant - I think it's amazing how you've created a business using your short sales expertise to the point where it's not even necessary to meet the buyers or the sellers or see the property.  You know you are world-class when you can do that! 

Dec 21, 2011 01:37 PM #2
Rainmaker
1,141,150
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Well thank you Gail. It is certainly my preferred way of doing business. I hope you have a great Christmas!!!

Dec 22, 2011 12:02 AM #3
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Rainmaker
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Bryant Tutas

Selling Florida one home at a time
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