Another Successful Wells Fargo Short Sale by The Sold Home Solutions Group at Keller Williams

April 17, 2012 - PRLog -- The Sold Home Solutions Group, a top team of Orlando FL Short Sale Specialists under the brokerage Keller Williams Realty has put together a comprehensive Lake Mary FL Short sale system for sellers. Homeowners who are facing a foreclosure in central Florida can request a Orlando Short Sale Agent, Lake Mary Short Sale Agent, or an East Orlando Short Sale Specialist to consult with them about their needs. In addition, The Sold Home Solutions Group has created a custom hardship package allowing the homeowner to complete the documents required by the bank to ease the process.  

Lien Holders – 1 - Wells Fargo
Original List - $75,000.00
List price - $75,000.00
Sales Price - $72,000.00 with $0 closing costs
Sold Terms – Cash
Deficiency – Waived
Seller Cash Contribution - $0
Total DOM - 65
Total # of offers negotiated - 2
Days to approval - 103
Days to close – 17

The Sold Home Solutions Group just closed a Wells Fargo short sale with a property on the street: Kirkland. There was one Lien Holder, Wells Fargo. The property was listed for $75,000.00 and sold for $72,000.00 where the purchaser had cash and received no contributions in closing costs from Wells Fargo in this short sale. The Seller received an approval letter with no deficiency language. An approval was obtained 103 days after the final buyers agreement was accepted and closed 17 days after approval.

Many Lake Mary, Longwood, Sanford, Apopka mortgages now exceed the fair market value of the home. Negative equity has become an increasing problem for the nation, but is excessive in the Orlando area. With the prices of Orlando area homes decreasing, and the interest rates on previous subprime loans increasing, many Orlando home sellers have no choice but to negotiate with the bank to take less (also known as a “short”) on the sale of the property. The seller proves a hardship to the bank which could include divorce, loss of income, health issues and other various situations proving the monthly mortgage payments are impossible for the homeowner to pay. The home owner hires a Real Estate agent, such as The Sold Home Solutions Group, Short Sale Agents to sell their home and negotiate the sale with the bank.  

The Sold Home Solutions Group offers a tool called The Short Sale Or Stay Calculator. This tool can be used to help a Homeowner in Florida receive an instant estimate on what their home is worth in Florida. They can enter their mortgage payoff and use this math to decide whether to consider a Las Vegas Short Sale or Stay. This tool can be found at http://www.ShortSaleCalc.Info

The Sold Home Solutions Group is an award winning team specializing in Distressed properties - specifically Orlando Florida Short Sales as well as residential real estate in Lake Mary, Longwood, Winter Springs, Winter Park and East Orlando. Reach The Sold Home Solutions Group at 407-617-7808.


407-617-7808 - When Ready to sell your Orlando Home - if you owe more than the mortgage, we can help. Call us to discuss short sale options. Lake Mary Short Sale Specialists with Keller Williams Realty.

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We are the Premiere Short Sale Team in Central Florida. We specialize in gettting homes sold in which the owner owes more than the home is worth, without the owner bringing funds to the table.
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