Short Sale Success Story: Lake Front 2nd Home Property – Tarpon Springs, FL

We negotiated this short sale and obtained bank short sale approval for a beautiful house by the lake in Tarpon Springs, FL. The owner purchased it as a 2^nd home for $720,000 obtaining a mortgage on the property for $680,000. The Recession took its toll on the owner’s business, and eventually and he had to shutter his auto outlets. He could no longer afford his home and stopped make mortgage payments. He was on the road to foreclosure, with and a deficiency judgment against him as legally allowed in Florida. I Short Sale, Inc. negotiated the short sale for $390,000 and negotiated a settlement of unpaid homeowner association dues of over $6,000 so the owner could sell the the property and gain a fresh start free of debt. The lender waived all deficiencies against the owner.

Contact us at 877-907-4678 or info@ishortsale.com

Lender references have been removed from the above to protect lenders' proprietary rights.