Chase Short Sale Closes in Davenport, FL with Help from the Orchilles Realty Group

ORLANDO, Fla. - July 11, 2013 - PRLog -- The Davenport home owners had two mortgages on the property, the second loan was through Coltate Capital. The sellers received a full waiver of deficiency and $3,000 in relocation assistance through the HAFA program.

The Davenport short sale property was listed on 10/28/2012 and received multiple offers within a few days of being put on the market. The first buyers lost their financing and the Chase short sale wen back on the market. Francisco Orchilles was able to generate another buyer for the home, and the transaction went pending a few days after it was listed again. Due to the fact that two lenders were involved in the short sale, the transaction took 4 months to complete once the second offer was received. Davenport was hit particularly hard during the real estate crash, but the amount of Davenport short sales has been dwindling in the past year.

The original list price of the home was $105,000, while the final sale price came to $95,000. The buyers used conventional financing to purchase the Davenport property. Towards the end of the process, the loan servicers had countered the buyer’s offer with a higher purchase price. With the help of the Orchilles Realty Group and Francisco Orchilles, a value dispute was submitted on behalf of the buyers and sellers, along with home value data to support the buyer’s purchase price. Francisco’s persistence paid off and the $95,000 purchase price was approved.

It is crucial to have an experienced short sale specialist helping the homeowner through the transaction. Timelines and accuracy are of utmost importance throughout the process, and are almost always the difference between success and failure in a short sale transaction. Orlando short sale expert, Francisco Orchilles works with the Orchilles Realty Group and Keller Williams Classic Realty to help home owners determine whether a short sale is right for them.

Call 407-925-4552 for short sale help and a FREE short sale consultation.

Francisco Orchilles, Realtor | Orlando Short Sale Expert | The Orchilles Realty Group | Keller Williams Classic Realty |  www.orlandorealtylist.com | www.orlandohouseprices.com