It Was a Good Week for Florida Short Sale Approvals at Tutas Towne Realty

By
Real Estate Broker/Owner with Tutas Towne Realty, Inc and Garden Views Realty, LLC BK607690
https://activerain.com/droplet/49Lp

 

Hi folks. Short Sales DO get approved. It just takes patience, organization and negotiating skills. In the last 7 days the following lenders have issued approvals for our Florida Short Sales.

Orlando Florida Short Sale with Bank of America

Orlando Short Sale

 

 

  • Property sold for $127,000. The amount owed Bank of America is $200,000 on the first and $38,000 on the 2nd. The 1st agreed to $109,894 (55%) the 2nd $3,000 (8%). The property was listed in March 2010. Bank of America denied a contract of $130,000 in April. This week they accepted $127,000!! I guess their decision back in April cost them us another few thousand.

 

 

Davenport Florida Short Sale with US Bank (FHA) and PNC Bank

Davenport Florida Short Sale

 

 

Property sold for $60,000. Since FHA will only allow $2,500 to be paid towards the 2nd the Buyer agreed to pay PNC Bank an additional $4,000. US Bank was owed $93,500 and accepted $51,000 (53%) and the 2nd with PNC Bank was owed $61,500 they accepted $6,150 (10%). We had a buyer that fell out last week because they would not come up with the additional $4,000 for the 2nd. We placed it back on the market and found another buyer in one day. 

 

Kissimmee Florida Short Sale with Bank of America

Kissimmee Florida Short Sale

 

 

Property sold for $60,000. This one has taken over a year. Bank of America was owed $190,000 and accepted $54,000 (28%) the 2nd also with Bank of America was owed $38,000 and accepted $2,350 (6%). We have gone through 5 buyers on this one. The Buyer that is closing has been under contract for a year. Patience galore!!

 

 

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

  • Chase
  • Sun Trust
  • GMAC
  • Wells Fargo
  • Bank of America
  • US Bank
  • PNC Bank
  • Citi
  • HomeEq
  • Fifth Third Bank
  • ING Direct
  • GreenTree
  • Capital One
  • ASC
  • First Horizon
  • E-Trade
  • Transland Financial
  • USA Bank
  • IBM LBPS

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

Are you facing foreclosure in Florida?

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

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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

 

 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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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Yvonne Long 10/06/2010 10:54 AM
Topic:
Home Selling
Location:
Florida Polk County Davenport Royal Ridge
Groups:
Real Estate Rookie
Tags:
short sale approval

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Show All Comments
Rainer
200
Ishtiaq Ahmed

Wow! it's really great news.

Aug 18, 2010 09:33 AM #3
Ambassador
3,692,077
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Good news, BB. I suspect it is mostly due to your knowledge and experience in knowing how to get these done. There are several sets of happier folks now.

Jeff

Aug 18, 2010 09:56 AM #4
Rainmaker
1,331,838
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

BB - It's refreshing to see that short sale do close and by BOA to boot.

Aug 18, 2010 10:00 AM #5
Rainmaker
313,378
Glenn Roberts
Retired - Seattle, WA

My heart goes out to those who have many short sales in their areas. It's hard enough sometimes to get a traditional sale through. I've stopped complaining about those difficulties.

Aug 18, 2010 10:34 AM #6
Rainmaker
882,662
J. Philip Faranda
J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY - Briarcliff Manor, NY
Broker-Owner

3 deals in a week? 

Dude. 

I am available for adoption. I don't eat much. 

Aug 18, 2010 10:51 AM #7
Ambassador
1,229,106
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

This is a very powerful way to convey the message about your great successes with short sales.

Aug 18, 2010 04:33 PM #8
Rainmaker
4,473,516
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, hope you have many more good weeks like this ahead.

Aug 19, 2010 12:56 AM #9
Rainmaker
982,993
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Excellent news.  You guys are really rocking the marketplace with your short sales.

Aug 19, 2010 02:16 AM #10
Rainer
105,470
Brian Bean
The Dream Big Team at Realty ONE Group Champions - Riverside, CA
Homeowner Advocate, Dream Big Real Estate, S.Calif

Great job, Bryant!

Aug 19, 2010 05:40 PM #11
Rainmaker
1,000,366
Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Broker Bryant, all I have to say is...WOO-HOOOOO!!! :D

Leilani

Aug 19, 2010 07:52 PM #12
Ambassador
2,073,579
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Bryant - so glad to hear that things are picking up!!! Will you also be in Orlando next week with TLW?

Aug 20, 2010 03:17 AM #13
Rainmaker
2,069,877
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Hey BB: I just referred a woman named Tammy to you who has a short sale to sell in Lakeland. No referral necessary. I don't really know if you sell in Lakeland, but I told her you'd absolutely know the answers to her questions and if you couldn't help her, you would know who can.

Aug 20, 2010 05:51 AM #14
Rainmaker
1,141,150
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Hi Elizabeth. I do work Lakeland and would love to help Tammy out.

Aug 20, 2010 09:06 AM #15
Rainmaker
702,827
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Congratulations, I love to hear short sale success stories.  I've not had much luck with them, maybe the listing agents could take some pointers from you:)

Aug 21, 2010 03:16 AM #16
Rainmaker
419,754
Robert Schwabe
EXP Realty - Orange Park, FL
Orange Park Real Estate

BB- It looks like your are on a roll. I'll see you and TLW at raincamp?

Aug 21, 2010 10:42 AM #17
Rainmaker
505,050
Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
"It's Wendy... It's Sold!"

Bryant - I like your short sale lender list :)  (I hope you don't mind if I "borrow" the idea!)

Aug 23, 2010 10:44 AM #18
Rainer
99,954
Heather Oberhau
Prudential Fox & Roach - Newtown, PA
Bucks County Real Estate, e-PRO

What a great job you do, Bryant!

Aug 23, 2010 11:25 AM #19
Rainmaker
1,141,150
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Borrow away my friend.

Aug 23, 2010 11:25 AM #20
Rainmaker
1,141,150
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Hi Elizabeth. I just listed the property is Lakeland. Thanks!!

Aug 26, 2010 10:00 AM #21
Rainmaker
289,594
Robin Rogers
Robin Rogers, Silverbridge Realty, San Antonio, Texas - San Antonio, TX
CRS, TRC, MRP - Real Estate Investment Adviser

Congratulations, BB and TLW! Your system really works. A little patience helps, too, I guess!

Cheers,

Robin

Aug 29, 2010 04:26 AM #22
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Rainmaker
1,141,150

Bryant Tutas

Selling Florida one home at a time
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