Selling Poinciana One Property at a Time.: Freedom Mortgage Short Sale Success in Poinciana Florida

Freedom Mortgage Short Sale Success in Poinciana Florida

 

Poinciana florida short sale

Tutas Towne Realty and Bryant Tutas  just had another successful Poinciana Florida Short Sale closing with Freedom Mortgage. this was a FHA Pre Foreclsoure Sale.

 The property:

  Primary Residence. 4 bedroom 2 bath single family home located in Poinciana Florida. This home has 2,094 sq ft of living area and was built in 2006. It was purchased as a foreclosure in September  2008 for $120,000. It Sold 8/29/2012 for $78,000. That's a decline in value of 35% in 4 years. 

  Liens:

  1st Mortgage, FHA, with Freedom Mortgage for $116,000

  Hardship:

  •  Loss of employment. Relocation.

 Summary:

Tutas Towne Realty placed the property on the market 24 February 2012 for $89,000. We slowly reduced and inegotiated a deal at $78,000 on 18 May. 

This was a FHA Pre Foreclosure Sale. FHA agreed to pay the Seller an incentive fo $1,000 to do the short sale.

 Tutas Towne Realty closed the transaction on 29 August 2012.  187 days from listing to closing!!

 Freedom Mortgage accepted $70,500 or .61 cents on the dollar for the 1st mortgage. 

  ***The Seller received FULL WAIVER OF DEFICIENCY with a $1,000 cash incentive to the seller.

 Do you need help with your Florida Short Sale?


What the seller has to say:

"Shout out to Bryant. We closed on the short sale finally. They are not called short sales because they take a short amount of time, but maybe because they shorten your temper or shorten your life due to stress??? LOL anyway, its finally over!!! Thanks man"

  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?

 

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

The BIO for Bryant Tutas

 

 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

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Comment balloon 0 commentsBryant Tutas • September 10 2012 10:39AM

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