Ruskin Florida Short Sale Success With Bank Of America FHA

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

Ruskin Florida short sale

Tutas Towne Realty and Bryant Tutas  just had another successful Ruskin Florida Short Sale closing with Bank of America. This was a FHA Pre Foreclosure Sale.

 The property:

 Primary Residence. 3 bedroom 2 bath single family home located in Ruskin Florida. This home has 1,624 sq ft of living area and was built in 1985. It was purchased in 2006 for $215,000. It Sold 12/24/2012 for $107,500. That's a decline in value of 50% in 6 years. 

  Liens:

  • 1st Mortgage with Bank of America for $203,000

 
   Hardship:

  •  Decrease in income. Medical.

 Summary:

Tutas Towne Realty placed the property on the market May 2012 for $110,000. It went pending two weeks later at $100,000. After 4 months Bank of America countered the deal at $111,000. Buyer came up tp $107,500 and the Short Sale was approved.

Tutas Towne Realty closed the transaction on 24 December 2012.  212 days from listing to closing!!

Bank of America accepted $98,400 or .48 cents on the dollar for the 1st mortgage.

   ***The Seller received FULL WAIVER OF DEFICIENCY with a $1,000 cash incentive to the seller as part of the Bank of America FHA PFS.

What the Sellers had to say:

Wanted to share how our short sale went.  Bryant crossed all his t's and dotted the i's on our short sale.  We were pleased with his efforts and very happy that closing came and went without a hitch. He made the right calls and knew the right people to keep the ball rolling.  


The short sale took longer than we anticipated but as we later learned; that is what can be expected when working with the bank and all the tossing of our file down.  But together the calls we made got the job done.  Thanks to Bryant for his time and keeping us calm throughout the whole process.  Gary and Jennifer S. Closed December 2012

Do you need help with your Florida Short Sale?

 Seller Testimonials

   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?

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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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Comments (2)

P.J. Virgilio Jr., Realtor 408-568-6578 Selling homes in the Greater San Jose area and South through San Martin, Gilroy
Keller Williams Realty Silicon Valley - Gilroy, CA
San Juan Bautista and Hollister as well!

 

This is a very nice listing and I congratulate you on the sale. Lots of luck in the future securing more listings and closed escrow as well.

All the best in 2013 to you and yours!

Jan 06, 2013 11:46 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

That is a very good looking short sale property.  Glad to hear you had success with the approval.

Jan 07, 2013 12:29 AM