Tutas Towne Realty and Davenport Short Sale Specialist Bryant Tutas just had another successful Davenport Florida Short Sale closing with Ocwen and PNC Bank.
Primary residence. 4 bedroom 2 bath single family home located in Davenport Florida. This home has 1,478 sq ft of living area and was built in 2004. It was purchased in 2004 for $242,000. It Sold 04/15/2013 for $136,000. That's a decline in value of 44% in 9 years.
- 1st Mortgage with Ocwen for $176,000
- HELOC (home equity line of credit) with PNC Bank for $66,000
The property was placed on the market 16 October 2012 for $120,000. 2 days later we negotiated a cash deal at $112,000. The investor, Fannie Mae countered at $145,000!! We lost the buyer. The property was placed back on the market at $145,000.
30 days later we negotiated another cash deal at $136,000. After disputing the value through the Fannie Mae Homepath short Sale site they accepted the deal at $136,000.
The transaction closed on 15 April 2013. Only 185 days from listing to closing!!
Ocwen accepted $122,700 or .70 cents on the dollar for the 1st mortgage.
PNC Bank accepted $9,100 or .14 cents on the dollar for the HELOC.
***The Seller received FULL WAIVER OF DEFICIENCY on the 1st with a $3,000 cash contribution. PNC Bank required the seller to contribute $3,100 and did not give a waiver of deficiency on the HELOC.
Do you need help with your Davenport 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
- LCS Short Sale
Can we add you to our list of successful Short Sales?