Central Florida Real Estate Blog

Rock Springs Realty, Apopka, FL is proud to announce today that it had successfully closed a short sale transaction in Clermont, FL in only 56 days.

According to Joe Bornstein, Broker/Owner of Rock Springs Realty, getting this transaction closed so quickly is really amazing in the current real estate environment. We listed this beautiful 1,723s/f, 3-bed, 2-bath, lakefront home in Clermont, FL on October 28, 2009. With only one lender involved (Litton Loan Servicing), we were able to negotiate with the lender and get the short sale package processed through the loss mitigation department and approved in only 21 days. From there, we worked with the Buyer's lender and closed the deal on December 23, 2009 for a total listing-to-close timeframe of only 56 days.

Needless to say, the Seller and the Buyer were extremely pleased. With most short sales taking between 60-150 days just to get a response from the lender, closing a short sales this quickly takes experience, knowledge, patience, and good communication skills.  As a Certified Short Sale Professional (CSP), Bornstein also stated that you must understand how the system works and submit the initial short sale package with every "I" dotted and "T" crossed. From there, you must be able to effectively communicate with all levels within the loss mitigation department. Once an approval is achieved, it's generally smooth sailing from there.

If you are someone you know is in pre-foreclosure and would like to explore your short sale options, please contact Rock Springs Realty for a no-obligation consultation.

Rock Springs Realty is a full-service Real Estate Brokerage working with Buyer, Seller, and Investors throughout the Central Florida Area. We cover all areas of Lake, Sumter, Orange, Seminole, Osceola, and Volusia Counties. Our sales staff has extensive experience Buying & Selling REO (Bank Owned Foreclosures) properties and short sales. We welcome the opportunity to discuss your real estate needs. You can reach us toll free at (877) 333-2811 or on the web at www.rockspringsrealty.net

P.S. - If you would like a free list of bank-owned foreclosure properties in your area, please contact us at the toll free number and we will forward a detailed list with no obligation.