Investment Condo near Universal Studios Orlando. 4 bedroom 3 bath condo located at The Townhouses of Rosemont Green in Orlando Florida. This Orlando Florida Short Sale has 1634 sq ft of living area and was built in 1979. It was purchased in August 2003 for $114,000. It Sold 10/3/2014 for $69,000! That's a decrease in value of 40% in 11 years
The property was placed on the market on July 15, 2014. We placed it under contract on July 18, 2014.
The short sale was submitted to both lenders and was approved in less than 60 days. There were zero issues with either lender.
The transaction closed on 3 October 2014 for $69,000. Total days from listing to closing..... 77!
Citi Mortgage accepted $58,000 or roughly .33 cents on the dollar for the 1st mortgage.
Bank of America accepted $3,000 or .10 cents on the dollar for the 2nd mortgage.
***The Seller received FULL WAIVER OF DEFICIENCY from both lenders on this Orlando Florida Short Sale..
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