Bank of America Short Sale Approval.

By
Real Estate Broker/Owner with Bryant Tutas-Tutas Towne Realty, Inc 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
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://CentralFloridaShortSales.com

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

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Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

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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, Winderemere 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
Rainmaker
681,951
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!

August 06, 2009 03:14 PM #6
Rainmaker
451,192
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.

August 06, 2009 03:54 PM #7
Rainer
191,863
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!

August 06, 2009 03:55 PM #8
Rainmaker
362,135
Susie Blackmon
Ocala, FL
Ocala, Horses, Western Wear, Horse Farms, Marketing

Congratulations. Hope the fat lady sings.

August 06, 2009 04:04 PM #9
Rainmaker
497,384
Brian Burke
Kenna Real Estate - Highlands Ranch, 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

August 06, 2009 04:49 PM #10
Rainmaker
298,489
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.

August 06, 2009 04:54 PM #11
Ambassador
1,428,582
Anna Banana Kruchten
Phoenix Property Shoppe - Phoenix, AZ
Phoenix Real Estate Agent, CRB, CRS 602-380-4886

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

August 06, 2009 05:55 PM #12
Rainmaker
454,615
Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
Destin FL Real Estate

Bryant - Wicked awesome job!!

August 06, 2009 07:49 PM #13
Rainer
339,851
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.

August 07, 2009 06:57 AM #14
Rainmaker
1,821,922
Gabe Sanders
the BlueWater Realty team 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.

August 07, 2009 06:58 AM #15
Rainmaker
1,086,536
Bryant Tutas
Bryant Tutas-Tutas Towne Realty, Inc - Poinciana, FL
Broker/REALTOR, Tutas Towne Realty, Inc

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.

August 07, 2009 07:37 AM #16
Rainmaker
413,156
Betina Foreman
512-771-6318 Austin Home Girls Realty - Austin, TX
Realtor, C.N.E. Selling Homes in Lake Travis & Central Austin!

Dear BB,

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

B

August 07, 2009 08:40 AM #17
Rainer
68,407
Lisa Spalding
Casa Latino Four Corners, REALTOR, CDPE - Longwood, FL
REALTOR, CDPE

Very cool!  Great job.  :)

August 07, 2009 10:22 AM #18
Rainmaker
70,081
Tarris Rogers
Becky Breeze & Company Real Estate - Bend, OR
Bend Oregon Real Estate

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

September 15, 2009 05:48 PM #19
Rainmaker
18,221
Sharon Yeary
Sharcom Realty - Southlake, TX

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

October 02, 2009 12:45 PM #20
Rainer
106,579
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.

October 14, 2009 06:48 PM #21
Anonymous
Anonymous
Kevin

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!!!!

November 11, 2009 06:49 PM #22
Anonymous
Anonymous
Joyce

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?

March 21, 2010 12:09 PM #23
Rainmaker
1,086,536
Bryant Tutas
Bryant Tutas-Tutas Towne Realty, Inc - Poinciana, FL
Broker/REALTOR, Tutas Towne Realty, Inc

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

March 21, 2010 04:42 PM #24
Anonymous
Anonymous
Gavina

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.

June 19, 2010 07:47 AM #25
Show All Comments
Rainmaker
1,086,536

Bryant Tutas

Broker/REALTOR, Tutas Towne Realty, Inc
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