Wellington Florida Short Sale Success With Nationstar Mortgage

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

Wellington florida short sale

Tutas Towne Realty and Bryant Tutas  just had another successful Wellington Florida Short Sale closing with Nationstar Mortgage. 

 The property:

Primary Residence. 3 bedroom 2.5 bath single family home located in Wellington Florida. This home has 2,112 sq ft of living area and was built in 1984. It was purchased in December 2006 for $349,900. It Sold 10/10/2012 for $195,000. That's a decline in value of 45% in 6 years. 

  Liens:

  • 1st Mortgage with Nationstar Mortage for $340,000

    Hardship:

  •  Loss of income.

 Summary:

 The property was placed on the market April 2012 for $180,000. Two days later later we negotiated a deal at $180,000.

The short sale was submitted as HAFA and was denied. Then the loan was serviced release from Aurora to Nationstar. We had to resubmit the short sale. The investor came back with a counter offer of $195,000. The buyer accepted and the short sale was approved with Nationstar.

The transaction closed on 10 October 2012.  170 days from listing to closing!!

Nationstar Mortgage accepted $179,350 or .48 cents on the dollar for the 1st mortgage. 

   ***The Seller received FULL WAIVER OF DEFICIENCY.


This West Palm Beach Florida Short Sale was listed by Michelle Gibson of the Hansen Real Estate Group. The Short Sale was negotiated by Bryant Tutas of Tutas Towne Realty, Inc

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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.

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Rainmaker
1,333,948
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

BB - Excellent job as usually! Another Wellington homeowner was able to avoid foreclosure AND receive a full waiver of deficiency, it doesn't get better than that.

Jan 25, 2013 10:55 AM #1
Rainmaker
1,142,210
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Great job Michelle!!

Jan 25, 2013 09:23 PM #2
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Rainmaker
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Bryant Tutas

Selling Florida one home at a time
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