Southwest Florida Title Insurance & Real Estate Blog -

Archive for June, 2011

Winged Foot Title Bank of America Short Sale

The possibilities are endless when you choose the short sale specialists at Winged Foot Title to close your Bank of America short sale (or any other short sale for that matter :)).

The details of this Bank of America Short Sale are remarkable:

  • The original loan amount was $328,650.
  • The approval netted the lender $215,196.93 which was approximately 65% of the original loan.
  • The approval resulted in 91.73% of the approved purchase price of $234,600.
  • The realtor commissions were approved at 6% of the approved purchase price of $234,600.
  • Did we mention the approval came in 37 business days?

But that’s not all!

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Florida Weekly Front Page Cover Story

When we begin to counsel our clients about the short sale of their homes, one of the questions that we get asked frequently is “Is it possible to sell my home as a short sale and not have a deficiency judgement placed against me?” The answer is Yes! It has happened before in the past. However, that’s certainly not the norm.

Not too long ago, I was quoted in a Florida Weekly article regarding lenders pursuing borrowers for the deficiency judgment. Here is the actual article:

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NOT LEGAL ADVICE: This information is not to be construed as legal advice. Legal advice must be tailored to the specific circumstances of each case. Every effort has been made to assure that this information is up-to-date as of the date of publication. It is not intended to be a full and exhaustive explanation of the law in any area. This information is not intended as legal advice and may not be used as legal advice. It should not be used to replace the advice of your own legal counsel.

Winged Foot Tite, LLC is not associated with the government, and our [short sale orchestration] service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.