Property Q&A in Lutz>Question Details

Nicole Hudgi…, Real Estate Pro in Trinity, FL

is this property a short sale?

Asked by Nicole Hudgins, Trinity, FL Sun Oct 6, 2013

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This question was asked from this property: http://www.trulia.com/homes/Florida/Lutz/sold/1328057-1311-T…

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Answers

3
Correction... it was foreclosed on Sept 9th and a certificate of title was issued to:

US BANK NA TRU ()
BANK OF AMERICA NA TRU ()
LASALLE BANK NA TRU ()
THORNBURG MORTGAGE SECURITIES

It will soon be listed as a Bank Owned. If there is someone offering it for rent, be very careful as banks generally do not rent out properties.

I can set you up on an automatic notice so we can get out there the first day it is listed. Depending on the condition it may be listed in the $500s.

It also could get sold in a package deal with several other properties to a multi million dollar investment firm.

Let me know if I can help.

All the best,
Alma
Alma Rose Kee, PA
Future Home Realty
813.244.9898
http://www.SoldOnTampa.com
0 votes Thank Flag Link Sun Oct 6, 2013
Hi,

Looks like the house was scheduled to be sold at the courthouse on Sept 9, 2013 but looks like the sale may have been postponed since there is no record of a Certificate of Title being issued. It's possible the Seller filed for bankruptcy or was able to get a loan modification to keep the property.

The judgment amount is $826,000 but if it goes back for foreclosure auction the lender may accept less than the final judgment amount. It will require ALL CASH and no clear title if you decide to bid at the foreclosure auction held by the clerk's office.

If you're looking for a home in Lutz, I am aware of a nice house you may be able to buy for $350k. It's in a gated neighborhood on 3/4th acre and the homes were built by Southern Crafted Homes. About 4,000 square feet with a pool. You can buy this with a mortgage, too.

If you're not yet working with a Realtor, let me know and I can help you capture a bargain.

All the best,
Alma
Alma Rose Kee, PA
Future Home Realty
Sold On Tampa Team
http://www.SoldOnTampa.com
813-244-9898
0 votes Thank Flag Link Sun Oct 6, 2013
No. This property is a regular sale. (not shortsale and not reo)
0 votes Thank Flag Link Sun Oct 6, 2013
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