Property:
3 bedroom 2.5 bath townhouse in Kissimmee Florida.
Hardship:
Investor owned property. Loss of income. This is the 3rd Investor Short Sale we have completed for this Seller.
1st Mortgage with Citi Mortgage for $92,000. Agreed to accept $54,442 or 60% of the balance owed.
No Seller contribution or promissory note. Citi Mortgage issues a waiver of deficiency. It doesn't get any better than this.
This Kissimmee Short Sale transaction took 35 days from listing to closing!!!
Challenges:
None. The property was placed on the market on May 18th. It went pending May 21st. The Kissimmee Short Sale was approved June 21st. We closed June 23th.
Sometimes things just fall into place.
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.
Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved
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.
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.
Copyright © 2011 http://www.brokerbryant.com/ | All Rights Reserved
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good job...good to hear that it isn't just homeowners but investors that are benefitting from short sales in your area ...blog on !
Hot Dog!!!
You've got this down to a fine art. Wonder what would have happened had there been a 2nd???
They are causing some problems around here.
Thanks Sally. Almost all of my short sales are investor properties.
Lenn. Most of my short sales have 2nds. Usually the seller has to contribute to make these deals work. 2nds normally only release the lien.
Thumbs up for this approval. I have not always beenthis successful with Citi, it has been a bit hit or miss. Great job on this one! I`m sure the client is very grateful!
Ah ha! I wondered about that. We have had many sedond lien holder totally mess things up by holding out for more than the 1st is willing to pay and the seller is able to pay or willing to take a note for.
Wow, now that's record time getting one of these done. You have really got your short sale systems down pat.
Very nice Bryant. Another excellent job that I'm sure the seller will be grateful for.
BB- great news for all. It seems some banks are more willing to issue a waiver than others these days.
Jeff
BB, my experience with Citi is limited to two shorts but they included the language to forgive the deficiency without me even asking. Did you have to ask for it?
Bryant: I love to blog about my short sale success stories. It's stories like this that need to spread like wildfire, not the bad ones. Short sales do close and can do so without six or more months of waiting. Good job!
Excellent. Very excellent. Know you and your seller were pleased!
Bryant - That "no pursue" clause is rare, great job on the Kissimmee short sale!
Kent. We did not ask for it. We were very surprised they approved the sale so quickly and gave such a clean approval. I love it when that happens.
Thanks guys. It's good to get an easy one every now and then.