Short Sale closed in Davenport, Florida with Bank of America

Towns Realty just had another successful short sale listing in Davenport, FL – Lake St. Charles Estates community- closed with Bank of America.
This home had 3 bedrooms, 2 bath and 1,647 square feet.  The mortgage on the property was $176,000 and property was bought in 2007.

This property was listed at $82,900 and sold for $80,500. The value of the property dropped more 47% since 2007.
Sellers received $4,000 in short sale incentive from their lender and were very happy with the short sale outcome and also that they were able to avoid foreclosure.  

The secret to successfully closing short sales is to never give up and do your due diligence on the file. Knowledge in short sales, continuing to improve your short sale knowledge and staying on the top of the file from the beginning of the process to the end of it; is what makes Towns Realty successful in short sales.

 

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