Tutas Towne Realty and Bryant Tutas just had another successful Kissimmee Florida Short Sale closing with Chase.
The property:
4 bedroom 2 bath single family pool home located in the Bellalago subdivision of Kissimmee Florida. This home has 2,254 sq ft of living area and was built in 2005. It was bought new in 2005 for $325,000 as an investment property.
Liens:
- 1st Mortgage with Chase for $295,000
Hardship:
- Loss of income and unable to find suitable tenants.
Issues:
- The first buyer we had walked as soon as the short sale was approved. No reason. Just thought he could find a better deal. The property was placed back on the market and we had multiple offers in less than a week. We also had to convince Chase to pay over $15,000 in delinquent HOA fees. Chase agreed and paid these at closing. Chase also gave the Buyer $500 for pool cleanup.
The property sold for $155,000 or 48% of it's value 5 years ago. Chase accepted $106,500 on the 1st or .36 cents on the dollar. With full Waiver of Deficiency.
The Seller also received $20,000 from Chase at closing. This was part of the Chase Short Sale incentive program. Select Sellers are offered between $10,000 and $35,000 to do a Short Sale.
Do you need help with your Bellalago Kissimmee 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
- US Bank Short Sale
- PNC Bank Short Sale
- Citi Short Sale
- HomeEq Short Sale
- Fifth Third Bank Short Sale
- ING Direct Short Sale
- GreenTree Short Sale
- Capital One Short Sale
- ASC Short Sale
- First Horizon Short Sale
- E-Trade Short Sale
- Transland Financial Short Sale
- USA 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
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 © 2011 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
Hi Bryant,
All this was new to me.
Never heard of a bank paying a seller to do a short sale.
Didn't think a bank would let an investor do a short sale and not have a deficiency judgement
Good post. Positions you as an expert and miracle worker
PHil
Way to go BB! You are the short sale man. I am involved with Chase right now. I have left message after message, no luck in speaking to our negotiator and certainly no call back from her. It is more than frustrating.
Another successful closing. Hardship loss of income seems like a reason for the lender to make sure it approves the sale rather than a future foreclosure.
Phil. It just goes to show you never know with short sales!!
Thanks Andrea. Chase can be easy and they can also be a real pain in the ass!! Keep pushing.
Gary you always so fast when it comes to commenting!! I appreciate you being such a loyal reader. Thanks
Beautiful home. Thanks for the details. I'd certainly call Bryant Tutas if I needed to do a Short Sale in Florida or buy a short sale in Florida.
Sounds like the buyer got a pretty reasonable deal on this home. I also have not heard of sellers getting money from Chase on a shortsale
BB...Congradulations on another successfully negotiated Chase Short Sale....however, you didn't mention doing the happy dance!
Bryant - That is a beautiful home! I cannot believe you got pool-cleaning funds from Chase. Good one! Congratulations!pula