8400 Hunting Saddle Dr, Hudson, FL
Transaction date: November 8, 2023
The Seller’s Situation
The seller was approximately five months behind on the mortgage and needed about three weeks. The remaining payoff and equity situation made a conventional cash purchase difficult. The seller was relocating to New Jersey.
The Property Condition
The property was generally in good condition, with only minor repairs needed. Its condition alone did not explain the difficulty of arranging a conventional cash sale.
The Transaction and Result
The property sold on November 8, 2023 using existing financing. The seller received cash and relocated to New Jersey. The owner-supplied facts do not establish a mortgage reinstatement or an automatic payoff, and this case makes no claim that the original borrower was released.
What This Example Shows
A good-condition property can still be difficult to sell through a conventional cash purchase when the loan balance, equity and seller’s timing do not align. Existing-financing terms need to be considered separately from any action required to address delinquency.
Photos From the Property
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