Tutas Towne Realty and Bryant Tutas just had another successful Winter Haven Florida Short Sale closing with Fifth Third Bank.
Investment property. 3 bedroom 2 bath single family home located in Winter Haven Florida. This home has 1,728 sq ft of living area and was built in 1999. It was purchased in 2006 for $200,000. It Sold 04/12/2013 for $112,000. That's a decline in value of 44% in 8 years.
- 1st Mortgage with Fifth Third Bank for $150,000
- Loss of tenants
The property was placed on the market 16 October 2012 for $90,000.It was placed under contract 3 days later at $85,000. Fannie Mae countered at $124,900!!
So once gain we lost a buyer over Fannie MAe's inflated value. The poprerty was placed back on the market at the higher price while I simulatneously disputed the value at the Fannie Mae Homepath Short Sale Website.
After several price reductions we were able to find another cash buyer at $110,000. Fannie Mae again countered at $124,900. I continued to push the value issue and I was finally able to get the short sale approved at $112,000.
The transaction closed on 12 April 2013. Only 178 days from listing to closing!!
Fifth Third Bank accepted $103,000 or .69 cents on the dollar for the 1st mortgage.
***The Seller received FULL WAIVER OF DEFICIENCY on the 1st.
Do you need help with your Winter Haven Florida Short Sale?
Tutas Towne Realty has already successfully negotiated Short Sales with the following Lenders and Investors.
- Chase Short Sale
- Sun Trust Short Sale
- GMAC Short Sale
- Wells Fargo Short Sale
- Bank of America Short Sale
- USA Bank Short Sale
- PNC Bank Short Sale
- Citi Bank Short Sale
- HomeEq Short Sale
- Fifth Third Bank Short Sale
- ING Direct Short Sale
- Capital One Short Sale
- ASC Short Sale
- First Horizon Short Sale
- E-Trade Short Sale
- Transland Financial Short Sale
- US Bank Short Sale
- IBM LBPS Short Sale
- Nationstar Short Sale
- BAC Florida Short Sale
- Real Time Solutions Short Sale
- Fannie Mae Short Sale
- FHA Short Sale
- Selene Finance Short Sale
- Indy Mac
- One West Bank
- DTA Solutions LLC Short sale
- Green Tree Servicing Short Sale
- Ocwen Short Sale
- Flagstar Bank Short Sale
- Freedom Short Sale
- Seterus Short Sale
- LCS Short Sale
Can we add you to our list of successful Short Sales?
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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