Successful Lakeland FL Short Sale Closing With Bank Of America

Recently we had another successful Lakeland FL short sale closing with Bank of America, where the sellers finally walked away free and clear with a little cash to get on with their lives. A Bank of America HAFA short sale which included a Florida Incentive payment for a successfully closed transaction on April 27, 2012 on a single family home in Lakeland FL.

The home has 3 bedrooms/2baths with about 1,689 living square feet. It was purchased in December 2007 for $169,500.

It was sold for $118,500. A decline in market value of 30% within 5 years.

Liens:

1st mortgage balance of $156,000 with Bank of America

Hardship:

Curtailment of Income

I was contacted in October and shortly thereafter receiving all pertinent documents I marketed the property for $129,000 online in November. All required documents including HAFA application were sent through Equator for Bank of America and received an approval in February.

Seller received full waiver of deficiency as well as HAFA and Florida Incentive pay totaling $7,800, buyer received 3% closing cost assistance on USDA loan and closing took place on April 27, 2012 – It took 171 days from listing to closing.

Don’t be foreclosed! Do your research when selecting a Lakeland FL short sale agent to work with. I have experience closing Lakeland FL short sales on both sides of the transaction as a listing agent and buyer’s agent I bring you comprehensive insight and understanding throughout the short sale process.

Short Sale! South Lakeland FL Home for Sale – No Deed Restrictions!