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Tutas Towne Realty and Bryant Tutas just had another successful Lakeland Florida Short Sale with Bank of America. This was a FHA Pre Foreclosure Sale.
The property:
Primary Residence. 4 bedroom 2 bath single family home located in Lakeland Florida. This home has 2,484 sq ft of living area. It was purchased in July of 2006 for $214,000. It Sold 3/30/2012 for $160,000. That's a decline in value of 25% in a little over? 5 years.?
Liens:
- 1st Mortgage with Bank of America for $200,00
Hardship:
Summary:
The property was placed on the market 25 July 2011 for $230,000. The price was steadly reduced until we placed it pending at $160,000 on 21 October. The first buyer walked in January but we were able to find a new buyer in about a week at the same price.?
We received FHA approval in late February and moved towards closing.
Issues:
None
Tutas Towne Realty closed the transaction on 30 March 2012. 249 days from listing to closing!!
Bank of America accepted $146,500 or .73 cents on the dollar for the 1st mortgage.
?***The Seller received FULL WAIVER OF DEFICIENCY and received $1,000 from HUD FHA for relocation incentive.
Do you need help with your Lakeland 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?
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.
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?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, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.
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