Location: Buenaventura Lakes Kissimmee Florida 34743

Value: $69,000 to $79,000

Hardship: Loss of rental income on this investment property

Amount owed: $175,000 on a 1st with GMAC and $32,000 on a 2nd with Green Tree

Property was listed on May 19th at $89,000. Priced reduced to $73,000 on June 10th. Went pending on July 9th at $73,000.

Complete Short Sale Package was submitted on 20 July.

Buyer had inspections and appraisal done within 10 days of contract acceptance.

Green Tree asked for 5% of the purchase price or $3,650.

GMAC offered them $3,000 and wanted the Real Estate commission reduced by 1%

Green Tree said no and I said no.

GMAC gave us a written approval on Friday 18 September agreeing to $3,650 to Green Tree and full commission to Tutas Towne Realty, Inc. Green Tree gave us final approval 21 September.