Another Successful Bank of America Short Sale - 506 Buckshot Lane - Lakeland FL
We as short sale agents feel exactly what sellers are going through, we feel their emotion, their anger because the servicers/lenders declining their Florida Incentive even when told first they would qualify, HAFA decline, their angst what happens next - but all that goes by when short sale is successful, such as this one and the reward from a great testimonial.
Thanks so much for helping me sell my home in a reasonable amount of time . Not only were you there for me professionally but emotionally as we sold my beloved home. The real estate market can have many surprises as well as confusing and tricky paperwork . Thanks for being my liason with my bank. You made everything easy to understand. I especially appreciate the fact that you were honest, quick in getting back to me if I had questions, promptly advised me if there were any concerns with the contract and tried to get the best possible deal/contract you could for me.
I will definitely be calling you again, when it’s time to purchase my next home.
Thanks,
Doris
Sharing my successful short sale closing:
I am delighted to report another successful short sale closing that took place on April 26, 2012. The home is located in Lakeland, FL it was built in 2006. It is a 4 bedroom/2 bath home which has about 2,550 square feet of living space. They purchased the home in 2006 for $235,900 as their primary residence.
Liens - There were two mortgages on the home with Bank of America - Mortgage Balance $174,400 and $19,600
Hardship - Divorce
I was contacted in September and listed the property shortly after I received all pertinent documents for $135,000 in September 2011. Contract was accepted after first buyer walked, the purchase price was $125,000 and accepted on March 19, 2012. Everything was submitted to Bank of America through the Equator System. Bank of America countered to $130,000 and buyer accepted. On April 11, I received a short sale approval letter notifying me that Bank of America accepted the short sale.
Mortgage Balance: $194,000
Purchase Price: $130,000
Difference of: $64,000
Closing took place on April 26, 2012 - it took 212 days from listing to closing.
The Seller received Full Waiver of Deficiency without any cash contribution and/or promissory note.
As a Lakeland FL Short Sale agent, I can tell you that short sales close. Call me at (863) 619-6918 to talk about your options on how to avoid foreclosure.
Copyright © 2012 By Petra Norris * Another Successful Bank of America Short Sale - 506 Buckshot Lane - Lakeland FL *
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
When I called the owner, I identified myself as a Realtor® working with clients who are interested in your property. The owner replied that he would be happy to work with a Realtor® but he told me, “I must net x dollars to sell my Lakeland FL home.” 
In many ways, short sales may prove to be the better choice over foreclosure. Your financial standing could take quite a dipping if you allow your home to be taken and foreclosed by your creditor. With short sales, however, you only need to wait for a shorter period of time before you’re legally able to buy a new house once more.
A typical work day in my life as a Lakeland FL Short Sale and Foreclosure specialist when gathering documents, which involves labeling each page, scanning and uploading into my seller's file and initiating the short sale in Equator, which is a program used by lenders (Bank of America, Wells Fargo and GMAC) to streamline short sales, such as:
Just the other day I received an email from a potential short sale seller asking me if they really need an attorney to handle their short sale negotiations. As a
hat I do not give legal advice and this article is for informational purpose only.