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Another Successful Orlando Florida FHA Short Sale With Chase

By
Real Estate Broker/Owner with Tutas Towne Realty, Inc and Garden Views Realty, LLC BK607690

Orlando Florida short sale

Tutas Towne Realty and Bryant Tutas just had another successful Orlando Florida Short Sale closing with Chase.

The property:

3 bedroom 2 bath single family home located in the Orange Ridge subdivision of Orlando Florida. This home has 1,735 sq ft of living area and was built in 1984. It was purchased in June of 2008 for $245,000. It was a primary residence.

Liens:

  • 1st Mortgage with Chase for $240,000

Hardship:

  • Curtailment of income. Relocation.

Issues:

  • This was a pretty straight forward Orlando Florida Short Sale. Tutas Towne Realty placed it on the market May 5th at $160,900. We slowly reduced the price and on June 21st the seller accepted an offer of $120,000. The transaction closed on 15 September. 132 days from listing to closing!!

This property sold for $120,000 or 49% of it's value 3 years ago. Chase accepted $105,000 on the 1st or .44 cents on the dollar. FHA guidelines cap the seller concessions at 1%. However Chase agreed to pay 3%. The seller also received $750 at closing. With full Waiver of Deficiency.

This short sale was another referral from an ActiveRain member. Thanks Bill!!

Do you need help with your Orlando Florida Short Sale?

Seller Testimonial:

Bryant,

I am so pleased with how quickly the Short Sale transaction on my home was completed and I know it was due to the outstanding work you did on my behalf.
 
After I met you and discussed the Short Sale process, I had no doubts that I was choosing a professional who would get the job done and do it very well and you certainly proved that I had made the right decision.  The Short Sale Agreement you presented to me was detailed, precise and very reader friendly.  Fill in the blanks where indicated, sign and date and we were on our way.  Who could ask for anything more easy!
 
I so appreciate your diligence in handling the listing of my home for sale and your impressive follow up process.  A process that has taken others years, ended up taking ONLY four months under your guidance.
 
I will bring all my future realtor needs to Tutas Town Realty, Inc. and would highly recommend your services to anyone in need with the sale of their home.  Thank you for everything, it was a real pleasure working with you and I couldn't be happier at the quick outcome.
 
Sincerely,
Wanda J

Orlando, FL

Tutas Towne Realty has already successfully negotiated Short Sales with the following Lenders and Investors.

Can we add you to our list of successful Short Sales?

Are you facing foreclosure in Florida?

 

Contact Bryant Tutas

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

Copyright © 2011 http://www.brokerbryant.com/ | All Rights Reserved

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***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

 

Customer Testimonials

 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

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Comments (14)
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Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Broker Bryant....congratulations on your successful FHA short sale with Chase.....you wrote the book on short sales and if you didn't, you should.

Sep 20, 2011 12:08 AM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Well lets just say I STARTED writing the book on short sales. Then decided to open up a network instead :)

Sep 20, 2011 12:13 AM
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Congrats on the closing Bryant-what a deal for the buyers-amazing price.

Sep 20, 2011 12:18 AM
Steve Queen
Bennett Realty Solutions - Bowie, MD
Chosen Realtor for Bowie And Laurel

Congrats as Chase has seemingly changed to being a great bank to work with on short sales the last couple of years.

Sep 20, 2011 01:15 AM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Great job BB.  Those are the short sale listings you want.  Congrats on getting it closed so fast.

Sep 20, 2011 01:54 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Congrats Bryant.  Chase has become m super cooperative.y favorite short sale lender recently as they've been

Sep 20, 2011 02:16 AM
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

With Chase, 132 days from listing to closing. Very impressive. Have a great week.

Sep 20, 2011 02:39 AM
Michael J. Gallo
Florida Luxury Realty - New Port Richey, FL
Florida Luxury Realty - Gulf Home Sales Team

Well done.  I love hearing the words "Full Waiver of Deficiency".  It also seems like chase is moving a bit quicker for everyone these days.

Sep 20, 2011 04:44 AM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

I agree that Chase has turned it around. My first short sale with Chase in 2008 took over a year. I faxed the short sale package at least a dozen times. Now Chase is just about my favorite lender to work with.

FHA Pre Foreclosure Sales really have no deficiency to waive. The lenders are paid in full by HUD. It's actually HUD who would go after the borrower. But they don't.

Sep 20, 2011 05:51 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

BB - Congrats on another successful short sale closing and I love how you added the testimonial.

Sep 20, 2011 03:56 PM
Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Idaho Real Estate Expert

I love these short sale success stories that you post.  I need to do more of this.  Congratulations on GETTIN 'ER DONE!

Sep 20, 2011 04:41 PM
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

BB, congratulations on a successful short sale closing with Chase. You are definitely in your groove!

Sharon

Sep 23, 2011 03:02 PM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Thanks Sharon. By the way I'm still working on the referral. Tenant issues.

Sep 24, 2011 12:26 AM
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Bryant! Great story, congratulation. We all noticed, Chase is willing to make a deal when it comes to short sale or REO.

Thank you for great post. Always enjoy reading your blog.

Sep 25, 2011 02:37 AM
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