Irene Medina of The Medina Group, Closes HAFA Short Sale Ft Lauderdale, Home in Shady Banks, 33312

Fort Lauderdale, FL, June 23, 2014 --(PR.com)-- Irene Medina, PA CRS, CEO of The Medina Real Estate Group, has sold a HAFA Short Sale home in the Community of Shady Banks in Fort Lauderdale, FL 33312. The home was originally listed in March, 2013 for $400,000.00. Short Sale approval was still pending with a sale date looming of July, 1, 2013. Sellers were forced to file for bankruptcy in order to save the home from foreclosure because the investor would not extend sale date. Bankruptcy was discharged in December, 2013. The original buyers were still waiting to continue with the purchase of the home in Shady Banks, Fort Lauderdale, 33312.

January 1, 2014, the original buyers were able to continue with their purchase of the short sale of the home in Shady Banks, Fort Lauderdale, 33312 with a new price of $350,000.00.

Fort Lauderdale HAFA Short Sale is a 4 bedroom, 3 bath home with a 2 car garage with a water view of the New River and view of the Fort Lauderdale Marina. You can see The Jungle Queen Cruise ship right outside the home. The Short Sale Approval was finally received through SPS Select Servicing, Inc. Buyers purchased the home with a conventional loan and no closing costs credits.

A Fort Lauderdale Short Sale is a sale of a property when the bank agrees to accept less than what is owed in order to release the lien. Because this was a HAFA Short Sale, the sellers received $3,000.00 relocation money.

The Fort Lauderdale short sale is located in zip code 33312. There are 83 active listings in Fort Lauderdale. These Fort Lauderdale homes in 33312 tend to be on the market for 37 days. The median price for these Fort Lauderdale homes in 33312 is $386,040 .00. 21.7% of homes in 33312 are Fort Lauderdale short sale homes or foreclosures.

The number of active listings in Fort Lauderdale, 33312, increased by 3.1% from the previous month. The median number of days active properties have been listed is 58. This is significantly shorter than the national average. The number of sales in May dropped by 50.3% from the previous month.

The percent of owner occupied properties in Fort Lauderdale, 33312, is 11.35% below the national average. The percent of rental properties in Fort Lauderdale, 33312, is 19.14% above the national average which is typical for urban areas.

Median household income in Fort Lauderdale, 33312 is $48,231 with 1,211 households earning between $35,000 to $40,000 annually.

For the zip 33312 in Fort Lauderdale, 14.78% of the people have completed a bachelors degree as their highest education level.

Irene Medina and The Medina Real Estate Group, have vast experience in marketing of properties extensively world wide on the internet. They sell their listings in record time and for top dollar and sometimes for above market and appraised value.

For free home valuations go to http://www.SouthFloridaHomeValuations.com

Go to the http://www.SellingYourSFLHomeGuide.com website and download your free e-Book = 14 Costly Mistakes and How to Avoid them.

If you need to Short Sale your home, please go to http://www.FlShortSaleServices.com for information on short sales and to calculate if you have Equity in your home now or still need to short sale. We have a proven track record of approved short sales and deficiency waivers.

If you are a buyer looking to buy a home, we pride ourselves in making sure we listen to what your dream home consists of. It is all about you and your future home. We put you first! To search the MLS go to www.TheMedinaRealEstateGroup.com