Bank of America Short Sale Approval.

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

Short Sale Approval from Bank of America in less than 60 days.

  • Property is located in Southern Dunes Country Club in Haines City Florida.
  • Amount owed....$225,000. All on a first lien with Bank of America.
  • Contract accepted on June 6th for $136,000 cash. Buyer and Seller provided by Tutas Towne Realty, Inc.
  • Complete Short Sale package faxed to Bank of America on June 17.
  • Broker Price Opinion (BPO) completed on July 8.
  • Short Sale Negotiator assigned on July 14.
  • Short Sale approval received on August 4. No contribution required from the Seller.
  • Closing scheduled for August 11. Contractual closing date is August 20. We are closing 9 days early.
  • Days from contract to approval……..59!!

Another successful Short Sale from Tutas Towne Realty.

If you are facing foreclosure please give us a call. We CAN help.

***If you are facing foreclosure then please contact me. You do NOT have to be foreclosed on.

Bryant Tutas
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker

***The content of this blog is solely my opinion***

Copyright © 2009 | All Rights Reserved

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 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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Show All Comments
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Excellent job.  You must know somebody over there.  Maybe there are finally waking up after all these months.  Nice one!

Aug 06, 2009 08:14 AM #6
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904

Congratulations on a job well done-  Sounds like you moved the process along perfectly to conclusion.  I will keep my fingers crossed all goes well on the 11th.

Aug 06, 2009 08:54 AM #7
Jeff Payne
The Payne Group at Keller Williams Success Realty - Panama City, FL
Panama City Real Estate

Great job, do you think BofA is getting faster?  I have recieved approvals on 5 BofA properties in the last 3 weeks.  Lets hope!

Aug 06, 2009 08:55 AM #8
Susie Blackmon
Ocala, FL
Ocala, Horses, Western Wear, Horse Farms, Marketing

Congratulations. Hope the fat lady sings.

Aug 06, 2009 09:04 AM #9
Brian Burke
Kenna Real Estate - Lone Tree, CO
Broker & Advising Expert-Denver Luxury Real Estate

This is good news. We are on a holding pattern with them right now on one - 2nd is already cleared... crossing fingers. ~Rita

Aug 06, 2009 09:49 AM #10
Heather the Realtor Orlando, Lake Mary
LemonTree Realty - Orlando, FL
First Time Home Buyers, Bank Owned Homes

Wow congrats on a great deal Bryant. 2 months to get a short sale approved is no small feat and to get an offer on a short sale property to stick for 2 months is an even bigger one.

Aug 06, 2009 09:54 AM #11
Anna Banana Kruchten CRB, CRS, Broker
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana of Real Estate!

And with no seller contribution with B/A - that is amazing.  Congrats on getting er done fast.

Aug 06, 2009 10:55 AM #12
Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
"It's Wendy... It's Sold!"

Bryant - Wicked awesome job!!

Aug 06, 2009 12:49 PM #13
Kris Wales
Keller Williams Realty - Lakeside Market Center - Macomb, MI
Real Estate Blog & Homes for Sale search site, Macomb County MI

This is the type of success story that I love to read about!   Congrats to you and your clients for the hard work and patience.

Aug 06, 2009 11:57 PM #14
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Nice job Bryant.  I've got one with Bank of America that just isn't proceeding very fast.  Hopefully in another 15 days or so.

Aug 06, 2009 11:58 PM #15
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

YIPPEE!! Got to love it when a short sale gets approved in a reasonable amount of time. I wish all of my BoA would go as smoothly.

Aug 07, 2009 12:37 AM #16
Betina Foreman
WJK Realty - Austin, TX
Realtor, C.N.E., with WJK REALTY

Dear BB,

That is fantastic! It is always great when things happen the way they are supposed to! Congrats on smooth closing!!


Aug 07, 2009 01:40 AM #17
Lisa Spalding
Casa Latino Four Corners, REALTOR, CDPE - Longwood, FL

Very cool!  Great job.  :)

Aug 07, 2009 03:22 AM #18
Tarris Rogers
Cascade Sotheby's International Realty - Bend, OR
Bend Oregon Real Estate

Bryant, what have you heard about BofA allowing non Arm's Length Transactions?

Sep 15, 2009 10:48 AM #19
Sharon Yeary
Sharcom Realty - Southlake, TX

Bryant, whose your contact at Bank of Ameria...I have one going on 6 months.

Oct 02, 2009 05:45 AM #20
Karen Luke
South Metro Property Management, LLC - McDonough, GA
Henry County Real Estate

Excellent. I love those kind of stories. There are actually positive things happening.

Oct 14, 2009 11:48 AM #21

Wow ,hope my agent can even come close to that for me!!! I put an offer in on a bank of america short sale on sep 18th,Today  i get some feedback from my agent that she got from the sellers agent,She talked to the bank on nov 10th and the bank told her that the bpo was put into there system on nov 9th,he said a negotiator was not assigned yet,but should happen in the next 5-10 days, he also shared with the sellers agent that the appraisal looked good.My agent the buyers agent passed all this on to me and told me she feels real good that we will close by mid dec!! Is this lip service to keep me on board or do you think that we could close this soon by knowing where its at with the bank? Please help me iam going nuts waiting and i want this house!!!!

Nov 11, 2009 10:49 AM #22

That's great.  We have an awesome agent and have been going thru this short sale process since July 09.

Finally received our approval letter and a closing date of 4/7/10.  I believe the loan was for 200,000 and we bid 110,000.  However, BOA is requiring $25,000 from the seller to help towards closing or the sale may not go thru.  We have been told the seller is not going to sign the note.  Now what?  Apparently she owns 2-3 other properties.  Her name is not listed on her principle  residence (which is worth 700,000) and her husband owns a chain of appliance stores.  Please. Wouldn't she just like to get this over with also?

Mar 21, 2010 05:09 AM #23
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Joyce. I'm sure it's furstrating for you. I hope the seller can come to terms so you can close.

Mar 21, 2010 09:42 AM #24

I have a cash offer on a short sale with bank of America from November 2009.  Today is June 19, 2010 and I am still waiting for an approval letter.

Jun 19, 2010 12:47 AM #25
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