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Primary Residence. 3 bedroom 2 bath single family pool home located in Kissimmee Florida. This home has 1,416 sq ft of living area and was built in 1990. It was purchased as a foreclosure in July 2005 for $113,500. It Sold 8/31/2012 for $78,000. That's a decline in value of 31% in 7 years. I have personally sold this home 3 times over the last 12 years.
1. Bought as a Foreclosure in 2000 for $88,150
2. Sold in 2006 for $224,000
3. Sold in 2012 for $78,000
1st Mortgage with Flagstar Bank for $109,000
Tutas Towne Realty placed the property on the market 7 June 2011 for $65,000. We negotiated a deal at $65,000, 4 days later. Unfortunately, after 5 months of no response from Flagstar Bank, we lost the buyer and had to place the property back on the market.
5 days later we palced the property pending gain at $65,000. After 5 more months or no response form Flagstar Bank, this buyer also walked!!
So...we placed the property back on the market. 3 days later it went pending at $66,000.
After another 5 months we finally heard from Flagstar Bank. They countered at $78,000! After much back and forth the buyer agreed to ocme up on price and we moved forward at $78,000.
Tutas Towne Realty closed the transaction on 31 August 2012.
Bank of America accepted $70,300 or .64 cents on the dollar for the 1st mortgage.
***The Seller received FULL WAIVER OF DEFICIENCY with a $1,000 cash incentive to the seller.
What the Seller says:
“Bryant Tutas played a monumental role in my ability to successfully complete the short sale of my home and avoid foreclosure proceedings. Bryant’s fervent efforts to facilitate the processing between myself, the buyers, and the lenders made the process so much easier and understandable for all parties involved. My experience with Tutas Towne Realty was amazing, and unlike many other professionals with which I work, Mr. Tutas proved that he really cares for his clients. Bryant’s tenacity in accomplishing goals and his diligence in follow-up greatly exceeded my expectations, and I would highly recommend him to anyone considering a short sale or home purchase.”
What the Buyer's agent says:
Thanks for all your wonderful work helping getting this deal close. I truly appreciated since at the time I put this offer in I was a full time Realtor but shortly after I had to get a full time job as a property manager managing properties in Seminole County, over an hour 1/2 away from the subject property we sold. As you know property management is a very demanding job.
I feel that I was not able to provide to Antonio and Maria the Customer Service I was used to providing and I was not the Realtor I liked to be to them. But thanks to your continue support, knowledge and experience during this long frustrating process to close my clients finally got the Florida home they so much desired.
Thank you for the great job. I hope we close more deals in the future, you are the best!!
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, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.