Winter Park, FL, March 07, 2013 --(PR.com
)-- The buyer used cash to purchase the piece of Orlando real estate. The short sale process started in November 2012 and closed in March 2013, taking a total of about 4 months. Wells Fargo approved the short sale at the initial purchase price of the contract. Orlando short sale expert, Francisco Orchilles, says, “Short sale waiting periods have been consistently getting shorter and shorter in the past 12 months. Short sale inventory in the Orlando real estate market has also become scarce as more homeowners are able to sell their homes in a traditional equity sale. Nevertheless, despite the rise in real estate homes values in Orlando, short sales will still be common place for several more years.”
The final selling price of the short sale purchase was $83,500 with the seller being granted a deficiency waiver as part of the short sale terms. Since the Mortgage Debt Relief Act was extended until 2014, many homeowners who will consider and try the short sale option for selling their Orlando home will receive some of the benefits of tax and deficiency forgiveness. Programs, like HAFA, help short sale home sellers who qualify for the programs to receive things like relocation assistance and deficiency waivers.
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 can mean success or failure for the Orlando home seller. Orlando short sale expert, Francisco Orchilles, works with Keller Williams Classic Realty to help homeowners carry out this complicated process. Keller Williams Classic Realty has carried out hundreds of short sale transactions over the past 5 years and they work closely with experienced short sale negotiators and attorneys to get the job done.
Call 407-925-4552 for short sale help and a Free short sale consultation.
Francisco Orchilles, Realtor® | Orlando Short Sale Expert | www.orlandorealtylist.com | www.orlandohouseprices.com | 407-925-4552 | firstname.lastname@example.org | Keller Williams Classic Realty | 5979 Vineland Rd. Suite 101 Orlando, FL 32819