Selling Poinciana One Property at a Time.: Flagstar Bank Short Sale Success In Kissimmee Florida

Flagstar Bank Short Sale Success In Kissimmee Florida

 

kissimmee florida short sale specialist

Tutas Towne Realty and Bryant Tutas  just had another successful Kissimmee Florida Short Sale closing with Flagstar Bank. This was an FHA Pre Foreclosure Sale.

 The property:

  Primary Residence. 3 bedroom 2 bath single family pool home located in Kissimmee Florida. This home has 1,416 sq ft of living area and was built in 1990. It was purchased as a foreclosure in July  2005 for $113,500. It Sold 8/31/2012 for $78,000. That's a decline in value of 31% in 7 years. I have personally sold this home 3 times over the last 12 years.

1. Bought as a Foreclosure in 2000 for $88,150

2. Sold in 2006 for $224,000

3. Sold in 2012 for $78,000

 Liens:

  •  1st Mortgage with Flagstar Bank for $109,000

  Hardship:

  •  Divorce. Relocation.

 Summary:

 Tutas Towne Realty placed the property on the market 7 June 2011 for $65,000. We negotiated a deal at $65,000, 4 days later. Unfortunately, after 5 months of no response from Flagstar Bank, we lost the buyer and had to place the property back on the market.

 5 days later we palced the property pending gain at $65,000. After 5 more months or no response form Flagstar Bank, this buyer also walked!!

So...we placed the property back on the market. 3 days later it went pending at $66,000.

After another 5 months we finally heard from Flagstar Bank. They countered at $78,000! After much back and forth the buyer agreed to ocme up on price and we moved forward at $78,000.

 Tutas Towne Realty closed the transaction on 31 August 2012. 

 Bank of America accepted $70,300 or .64 cents on the dollar for the 1st mortgage. 

  ***The Seller received FULL WAIVER OF DEFICIENCY with a $1,000 cash incentive to the seller.

What the Seller says:

 “Bryant Tutas played a monumental role in my ability to successfully complete the short sale of my home and avoid foreclosure proceedings. Bryant’s fervent efforts to facilitate the processing between myself, the buyers, and the lenders made the process so much easier and understandable for all parties involved. My experience with Tutas Towne Realty was amazing, and unlike many other professionals with which I work, Mr. Tutas proved that he really cares for his clients. Bryant’s tenacity in accomplishing goals and his diligence in follow-up greatly exceeded my expectations, and I would highly recommend him to anyone considering a short sale or home purchase.”

What the Buyer's agent says:

Hello Bryant.
 
Thanks for all your wonderful work helping getting this deal close. I truly appreciated since at the time I put this offer in I was a full time Realtor but shortly after I had to get a full time job as a property manager managing properties in Seminole County, over an hour 1/2 away from the subject property we sold. As you know property management is a very demanding job.
 
I feel that I was not able to provide to Antonio and Maria the Customer Service I was used to providing and I was not the Realtor I liked to be to them. But thanks to your continue support, knowledge and experience during this long frustrating process to close my clients finally got the Florida home they so much desired.
 Thank you for the great job. I hope we close more deals in the future, you are the best!!

Do you need help with your 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?

 

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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.

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

Comment balloon 3 commentsBryant Tutas • September 11 2012 06:54AM

Comments

What an informative post...I like the stats on what the property was worth during the different times...very revealing as to where we are right now and where we may also be a while...Good post and well done...your forte is on point

Posted by Richie Alan Naggar, agent & author (people first...then business Ran Right Realty ) almost 7 years ago

Any day you have a Flagstar short sale success is a VERY GOOD DAY!  Keep up the good work!

Posted by Janna Scharf, Coeur d'Alene Idaho Real Estate Expert (Keller Williams Realty Coeur d'Alene) almost 7 years ago

Bryant - Congrats on another successful short sale approval and closing in Kissimmee and I'm glad Falgstar eventually responded.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) almost 7 years ago

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