Bank of America Short sale closed today, The Summit Panama City Beach, FL Condo

Bank of America Short sale
Mortgage Balance $260,000  Fannie Mae loan

Sales Price $131,000
NET TO BofA $119,000

6% commission  (Fannie Mae Loan)
Seller signed an unsecured note for $18,000 to be paid $100 per month no interest

Homeowner was an investor

Offer submitted to BofA on 7/29/09 , approved on 1/8/10 

Views: 57

Replies to This Discussion

Permalink Reply by Kent Dills on January 22, 2010 at 9:35am
Good job Jeff! Rah!
Permalink Reply by Jeff Payne on January 22, 2010 at 9:39am
That was one of two today!!!
Permalink Reply by Steele V. Propp on January 22, 2010 at 10:01am
That me echo that. Great job.

Congrats!!
Permalink Reply by Makoto Sato on January 22, 2010 at 10:19am
Yay! Great Job!

I take it that both were not on the Equator system?
Permalink Reply by Jeff Payne on January 22, 2010 at 10:36am
No these were not

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