Orlando Short Sale Specialist Closes Another Citi Mortgage Short Sale

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

 

Saint Cloud Fl Short Sale
 

Orlando Florida Short Sale Specialist Bryant Tutas and Tutas Towne Realty, Inc   just had another successful Saint Cloud Florida Short Sale closing with Citi Mortgage.

The property:

 

Investment home in Saint Cloud Florida. 3 bedroom 2 single family home with an inground swimming pool located at Sweetwater Creek in Saint Cloud Florida. This Saint Cloud Florida Short Sale has 1772 sq ft of living area and was built in 1998. It was purchased in April 2005 for $239,900. It Sold 10/30/2014 for $165,000! That's a decrease in value of 31% in 9 years

 

Liens:

 

  • 1st Mortgage with Citi Mortgage for $219,000

 

Hardship:

 

  • Financial

Summary:

 

The property was placed on the market on April 29th 15, 2014. We placed it under contract on June 6, 2014 at $159,000.

Fannie Mae countered the deal at $175000.00-192500.00

Buyer countered back at $165,000 but asked for 3% in closing costs. Seller agreed to contribute $2,500 to the lender NET.

Citi Mortgage and Fannie Mae agreed and we received short sale apporval.

 

 

The transaction closed on 30 October 2014 for $165,000. Total days from listing to closing..... 184!

 

Citi Mortgage accepted $147,700 or roughly .67 cents on the dollar for the 1st mortgage. 

 

 

***The Seller received FULL WAIVER OF DEFICIENCY  from both lenders on this Saint Cloud Florida Short Sale..

 

Do you need help with your Saint Cloud Florida Short Sale?

 

Seller Testimonials for Bryant Tutas 

 

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?

 

 

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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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Topic:
Home Selling
Location:
Florida Osceola County Saint Cloud Sweetwater Creek
Tags:
citi mortgage
short sale approval

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Rainmaker
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Fortunatley short sales have all but gone away in our market.  I think I did one this year.

Nov 29, 2014 12:23 PM #1
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Rainmaker
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Bryant Tutas

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