Selling Poinciana One Property at a Time.: May 2010

Property:

3 bedroom 2.5 bath townhouse in Kissimmee Florida.

Hardship:

Investor owned property. Loss of income.

1st Mortgage with Citi Mortgage for 92,000. Agreed to accept $55,200 or 60% of the balance owed.

2nd Mortgage with Chase in the amount of $62,400. Agreed to accept $3,000 to release the lien and an additional $12,000 to release liabilty.

Seller contributed $1,700 to closing and $12,000 to the 2nd.

The transaction took 90 days from contract to closing.

Challenges:

Getting a squating tenant out on day of closing. I finally had to go over and put on the "ugly face" to make it happen.

715 S Lake Florence Dr Winter Haven Florida 33884

$200.000

Great Winter Haven Florida Pool Home with over 2800 sq ft of living area. Wet bar and fireplace in the family room. Master bath has garden tub with jets. Tile flooring in family room, kitchen and all baths. New wood laminate flooring in the rest of the house. In ground pool and spa. Owner financing available. Minimum $25k down. Fenced rear yard. Side entry garage with small work shop area. Inside utility room with sink and cabinets. Recessed lighting in kitchen and family room. One of the lowest priced homes in the area. One block from Lake Florence and about a mile to Cypress Gardens. Privately owned. No banks to deal with.

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

From contract to closing? Mine was 4 days and took place in May of 2007.

A four day closing! Yep, that's right, my Sellers and I negotiated a deal on a Monday and closed it Friday afternoon. Not only that but it was a 100% financing deal on a $230,000 property and a mail away to the Seller!

Is that fast or what? The contract was fully signed late Monday and sent to the Title Company on Tuesday morning. Appraisal and survey were done Tuesday afternoon. Final mortgage approval was on Thursday and Seller docs were Emailed to them on Thursday afternoon. They signed and had them notarized and placed back in UPS by 6:30 for a Friday delivery. The Buyers signed at 4:00 pm on Friday and we were closed. How's that for a job well done?

This was no Fickle Fantasy. It was a real deal. The Sellers were pleased, the Buyer was excited, the Title company, Lender and the REALTORS® came together like a finely tuned machine. It was poetry in motion. 

In contrast, next week I'll be closing (hopefully) on a Bank of America Short Sale that has been under contract with the Buyer since September. This is my 5th Buyer for this particular property!!! Things sure have changed over the last few years.  So what was your fastest closing?

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved