Successful Nationstar Short Sale Closing - Mulberry FL Near Lakeland - Polk County
Lakeland Fl homeowners who go to a short sale process know exactly how nerve wrecking it can be whether or not one, two or three mortgages are involved. There are always stumbling blocks and last minute changes that can come up, such as buyer changing financing programs, permit issues, hospitalization, lender charging extension fees for the short sale and the list goes on.
We as short sale agents feel exactly what sellers are going through, we feel their emotion, their anger because the servicers/lenders are not responding, their angst what happens next. We are the calm between the two sides (seller and lender), we work hard and dilligently to get the short sale approved - but all that goes by when short sale is successful, such as this one and the reward from a great testimonial.
“Petra handled every aspect of our short sale with real knowledge of the process and a true desire to help us in a time of need. The short sale went so smooth because of her experience, something we don't believe we would have found using another company. We are glad we chose Petra as our agent and will recommend her to anyone who is looking. Thanks, Petra, for making this sale happen and for your support through the entire process!” David
Sharing my successful short sale closing:
I am delighted to report another successful short sale closing that took place on February 1, 2012. The home is located in Mulberry, FL which is located very close to Lakeland in the Imperial Lakes community. The home was built in 1977. It is a 3 bedroom/2 bath home which has about 1,430 square feet of living space. They purchased the home in 2006 for $153,000 as their primary residence.
Liens - There was only one mortgage on the home with Nationstar - Mortgage Balance $145,000
Hardship - Curtailment of Income.
I was contacted in August and listed the property shortly after I received all pertinent documents for $85,000 in September 2011. Contract was accepted with a purchase price of $83,000 on September 22nd and everything was submitted to Nationstar Mortgage through the Equator System. On November 28th I received a short sale approval letter notifying me that Wells Fargo accepted the short sale.
Mortgage Balance: $145,000
Purchase Price: $ 83,000
Difference of: $62,000
Closing took place on February 1, 2011 - it took 148 days from listing to closing. This transaction required two extensions due to the buyers change from USDA to FHA.
The Seller received Full Waiver of Deficiency without any cash contribution and/or promissory note. In addition the buyer received 3% closing cost assistance.
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 *Successful Nationstar Short Sale Closing - Mulberry FL Near Lakeland - Polk County*
Authored by Petra Norris
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
