Montverde Short Sale Closed with GMAC
Published On: January 2, 2011 Posted by: TownsRealty
I am proud to announce that yet another short sale listing of mine this time in Montverde Florida has closed.I had put this home on the market on September 8, 2010 at an offering price of $279,900 and was sold and closed on December 17, 2010. The seller owed the bank $417,000 for this home. Because this home had breathtaking lake views and in a great neighborhood we got multiple offers within 30 days of the property being on the market. The seller accepted an offer at $245,000 cash. The buyers loved the home so they were willing to wait for the short sale approval.
It took us only 35 days to close. but the buyers had to raise their offer to $265,000 due to the seller’s lender counteroffer.
Best of all our clients, were forgiven the entire remaining balance on the loan and the loan .
What a relief for our sellers and a great conquer on our side.
The secret to successfully closing short sales is to do your due diligence on the file. Success is due to persistence, knowledge and commitment to your clients. Now, on to the next successful short sale closing…stay tuned