Bank of America Short Sale Success In Kissimmee Florida

By
Real Estate Broker/Owner with Bryant Tutas-Tutas Towne Realty, Inc BK607690

Kissimmee Florida Short Sale

Tutas Towne Realty and Bryant Tutas just had another successful Kissimmee Florida Short Sale closing with Bank of America.

The property:

4 bedroom 2.5 bath single family home located in the Poinciana subdivision of Kissimmee Florida. This home has 2,113 sq ft of living area and was built in 2005. It was purchased new in September of 2005 for $158,000 then bought by my seller 8 months later for $230,000!! It was a primary residence.

Liens:

  • 1st Mortgage with Bank of America for $184,000
  • 2nd Mortgage with Bank of America for $23,000

Hardship:

  • Curtailment of income.

Issues:

  • This was a pretty straight forward Kissimmee Florida Short Sale. Tutas Towne Realty placed it on the market June 15 at $85,000. We placed it under contract on June 30 at $85,000. The transaction closed on October 4. 111 days from listing to closing!!

This property sold for $85,000 or 37% of it's value 5 years ago. Bank of America accepted $73,741 on the 1st or .40 cents on the dollar. Bank of America accepted $1,270 on the 2nd or .06 cents on the dollar.

The Seller also received $3,000 at closing as part of the Bank of America Cooperative Short Sale Relocation Assistance. With full Waiver of Deficiency.

Do you need help with your Poinciana Kissimmee Orlando 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

 

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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

 

 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.

 Copyright © 2013 http://www.brokerbryant.com/ | All Rights Reserved

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Topic:
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Florida Polk County Poinciana
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short sale approval
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Show All Comments
Rainmaker
489,778
Sergio Rebollo Jr.
Real Estate TeamMates - Miami, FL

Congratulations Bryant on another successful Short Sale closing!!  Your clients are fortunate to have someone representing them with your experience and track record!!

October 13, 2011 07:36 AM #1
Rainer
83,325
Igor Generalov
Global Realty Partners - Sunny Isles, FL

Bryan, congratulations on your sell. Please let me know if you have a ny short sale deal in Orlando are in future. My client will be interested in exclusive subdivision. Thanks. Igor G.

October 13, 2011 07:38 AM #2
Ambassador
1,640,134
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

That beautiful home for $85,000 ?

WOW

Congratulations on the successful completion of another short sale!

October 13, 2011 08:02 AM #3
Rainmaker
1,785,773
Gabe Sanders
the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Pretty amazing deal Bryant.  Curious as to what some one can rent this home for in your market?

October 13, 2011 08:09 AM #4
Rainmaker
1,085,735
Bryant Tutas
Bryant Tutas-Tutas Towne Realty, Inc - Poinciana, FL
Broker/REALTOR, Tutas Towne Realty, Inc

I know!! Can you believe how cheap these houses are? Easily reant for $1,100 to $1,200. HOA fees are $240 per year. Taxes about $1,200. Cash flow with no problem at all.

October 13, 2011 09:24 AM #5
Rainmaker
1,231,936
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

BB - Congrats on another successful short sale closing in Florida!

October 13, 2011 04:02 PM #6
Rainmaker
1,326,314
Vickie Nagy
Vickie Nagy, Broker Associate Realty ONE Group BMC Associates | BRE#01363932 - San Ramon, CA
Broker for San Ramon, Danville, Dublin, Pleasanton

Unbelievable bargain for this lucky buyer. Congratulations on the completion of yet another short sale in an area troubled by falling home values.

October 30, 2011 06:33 PM #7
Show All Comments
Rainmaker
1,085,735

Bryant Tutas

Broker/REALTOR, Tutas Towne Realty, Inc
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