9119 Dupont in Olympia in Wellington Florida
Lender Servicer – Bank Of America
Investor rental property
Investors bought this home in 2006 for $489,000 plus closing costs.
Bank of America 1st Lien: $400,000
Bank of America 2nd Lien: $89,000
Home was in excellent condition, the tenant was a charm to work with.
Tenant vacated the premises prior to us getting the final offer that would be accepted by the seller.
We had multiple offers. Seller chose his best offer.
This home has 5 bedrooms and 2 bathrooms with 2888 square feet under air.
Bank of America approved the short sale for $ 239,000
Waived all deficiencies, waived all rights to pursue a judgment,
Reported as “settled for less than the amount owed”.
Negotiated a promissory note for $3,250.00 to get the deficiency waived since it was an investor property so the owners did not qualify for HAFA.