Tutas Towne Realty and Bryant Tutas just had another successful Poinciana Florida Short Sale closing with Chase Mortgage.
Investment Property. 4 bedroom 2 bath single family home located in Kissimmee/Poinciana Florida. This home has 2,849 sq ft of living area and was built in 2005. It was purchased in 2005 for $173,000. It Sold 12/13/2012 for $101,500. That's a decline in value of 42% in 7 years.
- 1st Mortgage with Chase for $206,000
- Loss of income.
Tutas Towne Realty placed the property on the market 30 April 2012 for $100,000. Three days later later we negotiated a deal at $101,500. It took 3 months to get the short sale approval with the seller making a $3,000 cash contribution to the lender's loss.
Two weeks later the buyer was denied their loan. So we placed the property back on the market and found a replacement buyer with the same terms and conditions five days later.
The short sale was resubmitted and 60 days later we received another approval. This time the lender was giving the seller $3,000 as an incentive!! Go figure.
Tutas Towne Realty closed the transaction on 13 December 2012. 227 days from listing to closing!!
Chase accepted $87,850 or .42 cents on the dollar for the 1st mortgage.
***The Seller received FULL WAIVER OF DEFICIENCY with a $3,000 cash incentive to the seller as part of the Chase Incentive Program.
Do you need help with your Florida Short Sale?
Tutas Towne Realty has already successfully negotiated Short Sales with the following Lenders and Investors.
- Chase Short Sale
- Sun Trust Short Sale
- GMAC Short Sale
- Wells Fargo Short Sale
- Bank of America Short Sale
- USA Bank Short Sale
- PNC Bank Short Sale
- Citi Bank Short Sale
- HomeEq Short Sale
- Fifth Third Bank Short Sale
- ING Direct Short Sale
- Capital One Short Sale
- ASC Short Sale
- First Horizon Short Sale
- E-Trade Short Sale
- Transland Financial Short Sale
- US Bank Short Sale
- IBM LBPS Short Sale
- Nationstar Short Sale
- BAC Florida Short Sale
- Real Time Solutions Short Sale
- Fannie Mae Short Sale
- FHA Short Sale
- Selene Finance Short Sale
- Indy Mac
- One West Bank
- DTA Solutions LLC Short sale
- Green Tree Servicing Short Sale
- Ocwen Short Sale
- Flagstar Bank Short Sale
- Freedom Short Sale
- Seterus Short Sale
Can we add you to our list of successful Short Sales?