We just closed another short sale approved by Bank of America and FHA!
This short sale took us about three months to get approved.
Just another example of the fact that we are able to help distressed home owners to avoid foreclosure through short sale.
These days, may sellers also qualify to receive a financial incentive at closing which can be substantial.
The property, located at 482 NW 165th Street Rd Unit A-205, Miami, FL 33169
This is a 2 bedroom 2 bath 1175 square foot condo in a community without rental restrictions so investors from all over the world love buying units in this complex.
Amenities include guarded entry, swimming pool, tennis court and a gymnasium.
Monte Carlo Condominiums is located at the intersection of I95 and Palmetto Expressway making is convenient for people who have to commute to work anywhere in Miami-of your or flow counties.
The maintenance fees at this community are not too high either, which helps the cap rate and cash flow picture for investors who will rent out the unit for a few years before selling it.
Since all of the title work has been done in preparation for the approval, we were able to close this transaction within just one week of receiving the approval and the buyer received a title insurance policy and had the opportunity to inspect the unit before closing which is why so many buyers prefer buying short sales instead of auctioned or foreclosed properties.
Contact us today if you would like to find out if a short sale can help you stop the foreclosure of your home or would like to learn more about the new loan modification options available to distressed home owners.
We NEVER charge any upfront fees to our clients!
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