Bank of America and FHA Short Sale Closes in Boca Raton, FL with "The Kristin Stampini Team"
Boca Raton, FL, August 31, 2013 --(PR.com
)-- The Kristin Stampini Team, a real estate team that specializes in Short Sales in Palm Beach County and Broward County, has closed another real estate transaction. This time, The Kristin Stampini Team helped complete a short sale for a seller with a Bank of America and FHA loan in Boca Raton. The Kristin Stampini Team is a Bank of America Dignified Transition Solution agent and also helps many sellers close FHA short sale transactions.
A property, located in the city of Boca Raton, Florida was sold by The Kristin Stampini Team for $155,000. ‘The Kristin Stampini Team’ represented the seller in the short sale transaction. The Kristin Stampini Team is a Bank of America Dignified Transition Solution agent.
The Boca Raton, Florida home had 3 bedrooms, 2 bathrooms. The seller had a mortgage held by Bank of America and was initially listed for $155,000 in November of 2012 had several offers but Bank of America kept wanting more money and the FHA process is a long process. The seller got $1000 for relocation assistance at closing.
"The South Florida short sale real estate market is changing," said Kristin Stampini, the real estate team’s leader. “About 35% of the South Florida market is still distressed, but now we are seeing more homes avoid foreclosure by utilizing a short sale,” said Stampini. “Banks now want full market value unless there is some exception, like the home is in poor condition. That’s different than what we were seeing in previous years with short sales here in South Florida."
The buyer purchased the home with a Hard Money Loan. The sale was challenging because the home needed major work and repair. The Kristin Stampini Team is a Bank of America Dignified Transition Solution agent and also helps many sellers close FHA short sale transactions.
The Kristin Stampini Team is an award winning real estate team based in Boca Raton, Florida. The team is led by Kristin and Mark Stampini. They specialize in short sale transactions, and have helped hundreds of South Florida homeowners avoid foreclosure. Kristin Stampini is a Certified Distressed Property Expert (CDPE) and holds a Short Sale & Foreclosure Resource Certification (SFR).
The office is located in Boca Raton, FL which is on Florida’s Southeast coast. Boca Raton is home to beautiful beaches, a wide selection of golf courses, and world class shopping and cultural events.
Sellers who want to do a Short Sale in South Florida can reach The Kristin Stampini Team at 6070 N. Federal Highway, Boca Raton, FL 33487. www.thekristinstampiniteam.com/sellers (561) 221-2292.
About The Kristin Stampini Team:
The Kristin Stampini Team specializes in Palm Beach County and Broward County real estate and has a team experienced in successful short sale transactions. They take pride in helping guide sellers through the process.
Company Contact Information
The Kristin Stampini Team of Re/Max Services
6070 N. Federal Highway, Boca Raton, FL 33487 Phone: (561) 221-2292