Selling Poinciana One Property at a Time.: Kissimmee Florida Short Sale Success With Bank Of America

Kissimmee Florida Short Sale Success With Bank Of America

 Poinciana florida short Sale

 Kissimmee Florida Short Sale Success With Bank Of America

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

  The property:

 Investment property. 3 bedroom 2 bath single family home located in Kissimmee/Poinciana Florida. This home has 1,603 sq ft of living area and was built in 2003. It was purchased in 2004 for $140,000. It Sold 05/31/2013 for $90,000. That's a decline in value of 36% in 9 years. 

Liens:

  • 1st Mortgage with Bank of America for $112,000
  • 2nd Mortgage with Bank oif America for $50,000 was written off completely.

 Hardship:

  • Loss of income
  • Loss of tenants

Summary:

The property was placed on the market 23 January 2013 for $90,000. It was placed under contract on 27 January 2013 for $87,500.Bsank of America countered at $90,000 and the buyer accepted.

The transaction closed on 31 May 2013.  Only 128 days from listing to closing!!

Bank of America accepted $83,000 or roughly .74 cents on the dollar for the 1st mortgage. 

 

    ***The Seller received FULL WAIVER OF DEFICIENCY on the Bank of America Short Sale with a $500 cash contribution at closing.. 

 

 Do you need help with your Kissimmee Florida Short Sale?

 

 Seller Testimonials for Bryant Tutas 

 

 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.

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Comment balloon 1 commentBryant Tutas • June 06 2013 05:55AM

Comments

Congrats on another successful Kissimmee short sale.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 5 years ago

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