Successful Poinciana Florida Short Sale With Selene Finance

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

Kissimmee Florida Short Sale

Tutas Towne Realty and Bryant Tutas just had another successful Kissimmee-Poinciana Florida Short Sale closing with Selene Finance and DTA Solutions LLC.

The property:

4 bedroom 2.5 bath single family pool home located in the Poinciana subdivision of Kissimmee Florida. This home has 2,857 sq ft of living area and was built in 2005. It was bought new in December 2005 for $221,000 then sold in November 2006 for $276,000. It was purchased as a primary residence.

Liens:

  • 1st Mortgage with Selene Finance for $221,000
  • 2nd Mortgage with DTA Solutions LLC for $55,000

Hardship:

  • Curtailment of income. Relocation.

Issues:

  • This was a pretty straight forward Kissimmee Florida Short Sale. Tutas Towne Realty placed it on the market May 27th at $79,900. It was sold by Tutas Towne Realty 4 days later at $80,000. The short sale closed on 12 August. 77 days from listing to closing!!

The property sold for $80,000 or 29% of it's value 5 years ago. Selene Finance accepted $64,000 on the 1st or .29 cents on the dollar. With full Waiver of Deficiency.

DTA Solutions LLC accepted $6,200 or .11 cents on the dollar. Full Waiver of Deficiency

Do you need help with your Poinciana Kissimmee Florida Short Sale?

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

Posted by

 

Join Our Facebook Fan Page Check Us Out On Google+ Follow Us On Twitter

 

***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.

 Copyright © 2017 http://www.brokerbryant.com/ | All Rights Reserved

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Florida Polk County Poinciana
Tags:
short sale approval
selene finance

Spam prevention
Show All Comments
Rainmaker
907,858
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Bryant - those numbers are amazing. I'm wondering why investors aren't beating a trail to your door to find as many of these deals as possible. We know that builders can't come close to building a home for this price, so eventually they prices will come back to normal, and in the meantime, just find someone to rent it.

Aug 13, 2011 01:30 AM #1
Rainmaker
3,961,507
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Congratulations on the sale. You are the short sale experts on Active rain.

Aug 13, 2011 01:31 AM #2
Rainmaker
1,139,177
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Larry. They are. Properties sell just about as fast as we can get them listed. Most properties sell with multiple offers in a matter of days. The only problem right now is getting inventory. This one was bought by a UK investor.

Aug 13, 2011 01:33 AM #3
Rainer
135,508
Kim Delia
Remax Professional Associates - Charlton, MA
Realty Delia Group

Congratulations on the new listing!  I hope you sell it soon.

Aug 13, 2011 01:51 AM #4
Ambassador
1,228,390
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Those must be FLorida banks because I have never heard of either of them. Kudos to you on closing another one.

Aug 13, 2011 02:54 AM #5
Rainmaker
877,183
Gail Robinson
William Raveis Real Estate - Southport, CT
CRS, GRI, e-PRO Fairfield County, CT

Bryant - A friend in Florida told me about a condo that sold for $17,000 in her area.  There are still great deals in Florida, not so much up here.  Congratulations on another successful short sale. 

Aug 13, 2011 03:06 AM #6
Rainmaker
854,336
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

BB, have not had one get to closing hat quickly in a while.  What a fantastic price for what appears to be a relatively well kept home.  Under 30 cents on the dollar, wow, nice job. 

Aug 13, 2011 03:39 AM #7
Rainmaker
1,139,177
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Thanks guys. We do have some awesome deals in my area.

Aug 13, 2011 06:54 AM #8
Rainer
217,975
Kimberley Kelly, SFR, HAFA, GREEN
HK Lane, Christie's International Affiliate, 760-285-3578 - La Quinta, CA
I do Real Estate like I played polo-to WIN!

...and I thought my Palm Springs Short Sales had fallen through the floor!  THey have, but not THAT far.  You can get one of my older (1982), small (780sf) condos in a Short Sale for $58,000 in a good area, but that's about it.  You skunked me!!!  Good job!!

Aug 13, 2011 06:59 AM #9
Rainmaker
1,139,177
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

58k in Palm Springs is an awesome deal!!

Aug 13, 2011 07:17 AM #10
Rainmaker
1,331,190
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

BB - CONGRATS on another successful short sale closing in Poinciana FL!  The sales price is phenomenal.

Aug 13, 2011 07:20 AM #11
Ambassador
3,454,381
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Bryant, how about you put another house like that one on a truck and ship it up here to Connecticut and I will buy it :) :) :)

Good job as always.

Aug 13, 2011 08:27 AM #12
Rainer
3,265
India Paige R (B)
Kohala Coast Poperties - Waikoloa, HI
Local Experience Matters!

Thanks for sharing the one and only positive outcome involving Selene Finance. Ive overseen (as BIC) or personally completed more short sales than I can count during the housing downturn. 

Currently began working w/Selene 8/2017.

Submitted all listing w/Short sale addenda, supplying notice to Selene of borrowers attempt to settle & market.

Sellers Hardship: Relocation & Medical >1year

Home: vacant/vandalized/secured prior to market

Market Price @55% purchase price in 2005

BPO via Selene at time of Market %41 original purchase price/LA

Highest/best offer cash Dec 11 2017 at 42% orig.purch.price.

Its been 4.5 months and lien holder claims Selene has yet to present offer for settlement to investors for approval.

Escrow, attorneys, nor agents have received timeline, approval/denial Pay Off terms.

We all know without payoff instructions, letter of debt settlement for less than amount borrowed, cannot close.

Selene only repeats BPO orders verifiying continued equity drop.

Property vacant and deteriorating.

Selene sat idle from December 2017 until February 2018 claiming negotiator in charge of acount is no longer in that position (w/no re-assignment of work load during that time period, no return of communications or correspndance).

After eight years SS experience,  they(Selene) take the cake for worst Financial Institution to attemtpt to work with.

Before any Realtor/agent decides to assist a client in need, where the account has been assigned to Selene,  do your homework. Google BBB, FTC, investigations into Selene's practices.

These are not simply disgruntled borrowers, or foreclosed homeowners.. 

Our time is too valuable. Selene's workers are salaried, we're simply trying to assist clients/past clients with legitimate hardships.

WOW!!, never again.

My client forewarned, but in our business, working hard for our clients

is what built our careers.

 

 

 

Apr 27, 2018 06:58 PM #13
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,139,177

Bryant Tutas

Selling Florida one home at a time
Ask me a question
*
*
*
*
Spam prevention