Hi folks. Short Sales DO get approved. It just takes patience, organization and negotiating skills. In the last 7 days the following lenders have issued approvals for our Florida Short Sales.
Orlando Florida Short Sale with Bank of America
- Property sold for $127,000. The amount owed Bank of America is $200,000 on the first and $38,000 on the 2nd. The 1st agreed to $109,894 (55%) the 2nd $3,000 (8%). The property was listed in March 2010. Bank of America denied a contract of $130,000 in April. This week they accepted $127,000!! I guess their decision back in April cost them us another few thousand.
Davenport Florida Short Sale with US Bank (FHA) and PNC Bank
Property sold for $60,000. Since FHA will only allow $2,500 to be paid towards the 2nd the Buyer agreed to pay PNC Bank an additional $4,000. US Bank was owed $93,500 and accepted $51,000 (53%) and the 2nd with PNC Bank was owed $61,500 they accepted $6,150 (10%). We had a buyer that fell out last week because they would not come up with the additional $4,000 for the 2nd. We placed it back on the market and found another buyer in one day.
Kissimmee Florida Short Sale with Bank of America
Property sold for $60,000. This one has taken over a year. Bank of America was owed $190,000 and accepted $54,000 (28%) the 2nd also with Bank of America was owed $38,000 and accepted $2,350 (6%). We have gone through 5 buyers on this one. The Buyer that is closing has been under contract for a year. Patience galore!!
Tutas Towne Realty has already successfully negotiated Short Sales with the following Lenders.
- Chase
- Sun Trust
- GMAC
- Wells Fargo
- Bank of America
- US Bank
- PNC Bank
- Citi
- HomeEq
- Fifth Third Bank
- ING Direct
- GreenTree
- Capital One
- ASC
- First Horizon
- E-Trade
- Transland Financial
- USA Bank
- IBM LBPS
Can we add you to our list of successful Short Sales?
Are you facing foreclosure in Florida?
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
Hey! Throw some of that good moe-joe my way!:) I have a short sale that is a nightmare and we are in 10 months!
Bryant that is great news. Ours is up and down which I think sometimes goes back to the negotiator you get.
Wow! it's really great news.
Good news, BB. I suspect it is mostly due to your knowledge and experience in knowing how to get these done. There are several sets of happier folks now.
Jeff
BB - It's refreshing to see that short sale do close and by BOA to boot.
My heart goes out to those who have many short sales in their areas. It's hard enough sometimes to get a traditional sale through. I've stopped complaining about those difficulties.
3 deals in a week?
Dude.
I am available for adoption. I don't eat much.
This is a very powerful way to convey the message about your great successes with short sales.
Nice job Bryant, hope you have many more good weeks like this ahead.
Excellent news. You guys are really rocking the marketplace with your short sales.
Great job, Bryant!
Broker Bryant, all I have to say is...WOO-HOOOOO!!! :D
Leilani
Bryant - so glad to hear that things are picking up!!! Will you also be in Orlando next week with TLW?
Hey BB: I just referred a woman named Tammy to you who has a short sale to sell in Lakeland. No referral necessary. I don't really know if you sell in Lakeland, but I told her you'd absolutely know the answers to her questions and if you couldn't help her, you would know who can.
Hi Elizabeth. I do work Lakeland and would love to help Tammy out.
Congratulations, I love to hear short sale success stories. I've not had much luck with them, maybe the listing agents could take some pointers from you:)
BB- It looks like your are on a roll. I'll see you and TLW at raincamp?
Bryant - I like your short sale lender list :) (I hope you don't mind if I "borrow" the idea!)
What a great job you do, Bryant!
Borrow away my friend.
Hi Elizabeth. I just listed the property is Lakeland. Thanks!!
Congratulations, BB and TLW! Your system really works. A little patience helps, too, I guess!
Cheers,
Robin