Serving Northwest Florida's Beaches

“Never thought it would happen…”

Short Sale Approvals — Week of 7/23- 7/27

  1. Property purchased in 2007 for $2,800,000
    Presented purchase contract to 1st (Citi) and 2nd (Chase) mortgagees for $750,000
    Short sale approved with full deficiency waiver from both 1st and 2nd
  2. Property Purchased in 2005 for $890,000
    Presented purchase contract to 1st (BOA) mortgagee for $475,000
    Short sale approved with settlement on $196,000 deficiency of $7,600 cash at closing

 

About Daniel

Daniel S. Frankfurt is an attorney admitted to the bar in Florida and California. Daniel focuses on short sales and loss mitigation alternatives.

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