Bryant Tutas's Blog – June 2010 Archive (2)

Citi Mortgage Short Sale. Listed, Sold and Closed in 35 days!!



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 Mortgagewith 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…

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Added by Bryant Tutas on June 24, 2010 at 1:11pm — 1 Comment

What Percentage of Short Sales Really Close?

Hi folks. This

question has been on my mind for months now. "What percentage of

Short Sales really close?" Most folks throw out numbers of 20% to

25%. But my opinion is that they are not only wrong but they are way

off.



I have been pulling data for several days now from my MLS trying to come up with some empirical proof. But it just ain't happening.

The problem is I

can't tell… Continue

Added by Bryant Tutas on June 15, 2010 at 10:16am — 1 Comment

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