Ocwen Financial Short Sale Closed in Margate by "The Kristin Stampini Team"

A home, located in the Kimberly Forest neighborhood of Margate, was sold by "The Kristin Stampini Team" for $105,000 in November 2012. "The Kristin Stampini Team" represented both the seller and buyer for the short sale transaction on Southwest 4th Street.

Boca Raton, FL, May 04, 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 a seller with an Ocwen Financial loan in Margate who was released of a deficiency judgement.

A home, located in the Kimberly Forest neighborhood of Margate, was sold by "The Kristin Stampini Team" for $105,000 in November 2012. "The Kristin Stampini Team" represented both the seller and buyer for the short sale transaction on Southwest 4th Street.

The Margate home was listed in August of 2012 and put under contract 2 months later while listed for for $115,000. The mortgage was held by Ocwen Financial and it took 15 days to obtain a short sale approval. The short sale closed in November 2012. The seller was released of a deficiency judgment.

"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 paid $105,000 cash for the house. The roof needed to be replaced at the time. The home featured 3-bedrooms and 2-bathrooms with a garage.

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 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 of Re/Max Services:

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
Kristin Stampini
6070 N. Federal Highway, Boca Raton, FL 33487
Phone: (561) 221-2292 #
http://www.TheKristinStampiniTeam.com
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TheKristinStampiniTeam
Kristin Stampini
561-912-3568
TheKristinStampiniTeam.com
561-843-1734
https://www.facebook.com/TheKristinStampiniTeam1
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