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Orlando Fl Short Sale Superstar Closes Another Orlando Short Sale

Posted by Bryant Tutas on October 19, 2014 at 2:48am
Orlando Florida Short Sale Specialist Bryant Tutas and Tutas Towne Realty, Inc   just had another successful Orlando Florida Short Sale closing with Citi Mortgage and Bank of America.

The property:

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

Liens:

  • 1st Mortgage with Citi Mortgage for $103,000
  • 2nd Mortgage with Bank of America for $30,500

Hardship:

  • Loss of income

Summary:

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..

Do you need help with your Orlando Florida Short Sale?

Seller Testimonials for Bryant Tutas 

Tutas Towne Realty has already successfully negotiated Short Sales with the following Lenders and Investors.

Can we add you to our list of successful Short Sales?

 

Tags: bofa, citi
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