Poinciana, FL

Another successful Short Sale approval in Poinciana Florida.

Property Value: $85,000 to $90,000

Amount owed: $185,000

Hardship: Loss of rental income on several rental properties (this one included)

Loan details: Fannie Mae with Mortgage Insurance

Property was placed on the market on May 8th for $109,000.

The price was slowly dropped until it went pending on June 10th at $85,000.

After about 6 weeks Fifth Third came back wanting the Seller to bring $35,000 to closing. The Seller offered $1,000. The transaction fell apart and the Buyer walked.

The property was placed back on the market on August 20th. On August 27th it went pending again at $87,500. A complete Short Sale package was sent in again on September 2. Within days Fifth Third came back wanting $35,000. The Seller stood firm on his offer of $1,000. Finally after several attempts to get him up Fifth third agreed to $1,000 cash at closing.

We received written approval on September 18 only 16 days after submitting the 2nd contract and package. Sometimes the second time is a charm.

Working Short Sales is very rewarding. If you want to learn more...........

Available Short Sale Training:

• The Negotiator Interview $27.00
  
• www.ShortSaleSuperStars.com FREE
• Short Sale Agent Training Webinars 8 Hours of training and materials for $97.00
• Short Sale Listing/Submission Package $27.00 Click for details
  

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

http://ShortSaleSuperStars.com

Are you a Florida REALTOR(R) looking for a change? Check it out.

CENTRAL FLORIDA REALTOR(r) OPPORTUNITIES

Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved

Hi folks. This current real estate market and economic climate is really taking it’s toll on people. We’ve recently heard of “Strategic Defaults” and “Delaying your foreclosure” now we have the “Walk Away” or mailing your keys back to the lender. Jingle mail is what the lenders call it.

And its spreading.

Not only are people doing this with their houses but they are also doing it with their other debts. Stop paying. Walk away.

If you want to get a better feel for people’s thought process just read through the comments on this article:

The New Consumer Debt Strategy: Just Walk Away

People are fed up. They are getting fed up with their credit cards' interest rates going up even though they have never been late on a payment.

People are fed up with corporations getting trillions of dollars in bail out money while they get squat.

People are fed up with FICO scores and the control they have over our lives:

5 People Who Check Your Credit

People are fed up with creditors and their lack of willingness to help.

People are fed up. Are you?


So walk away
And close the door
And let my life be as it was before
And I'll never never know
Just how I let you go
But there's nothing left to say
Just walk away

*** Celine Dion---Just Walk Away---Lyrics by Albert Hammond.

Available Short Sale Training:

• The Negotiator Interview $27.00
  
• www.ShortSaleSuperStars.com FREE
• Short Sale Agent Training Webinars 8 Hours of training and materials for $197.00
• Short Sale Listing Package $47.00 Click for details
  

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

http://ShortSaleSuperStars.com

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

IS IT A BUYERS MARKET OR A SELLERS MARKET? Many buyers have latched onto the term "buyers market" as a snappy catch phrase. While they may be looking to buy indeed they are not alone.This concept is very confusing when attempting to arrive at fair offering price.

But in reality, it is an Inventory Term used in Real Estate to define how inventory is shifting.

Numbers are powerful. They are also Persuasive.

They trump opinion, perceived value, or unintentional ignorance of what one may think the market is doing.

In fact, they are the strongest line of defensive reasoning we as professionals have.

There are a high number of low end buyers in Poinciana and St. Cloud, Florida. As a result, they feel they can undercut REO/ and Short Sale prices substantially and still be successful. That is the old mindset. Probably was true in 2007- but now...not so much.

ARMED WITH MARKET STATS- THE NUMBERS SPEAK MORE LOUDLY THAN WORDS.

There were 297 homes sold in the last 60 days.

11 of those sold were in $60,000-$65,000

6 of those sold at ABOVE list price

3 sold AT list price

2 Sold at BELOW list price.

Which means you have an 82% chance of Failing to get an offer below asking price accepted at that Price Level. That is tough competitiion.

Given the low number of homes available in this price range , and the high number of competing offers-it is a Seller's Market.

It is happening all over my market of Osceola County- WONDERING WHAT A FAIR OFFER MIGHT BE?

CONSULT A LOCAL EXPERT-

POINCIANA, FL | The UCF incorporation study has apparently activated a number of Poinciana residents here in Central Florida to voice their opinions on the www. One of the many local examples includes the new blog, LetUsDecide.com blog, by WHO KNOWS? (Seriously, who does know?)

Not to worry, LetUsDecide appears legitimate and extremely new; it was kicked off in early August 2009. The site promoter apparently supports incorporation and has been leaving flyers throughout the Greater Poinciana area including Crescent Lakes, Blackstone Landing, Doral Woods, Countryside Manor. Another such blog by Poinciana Residents for Smart Change represents an objective presentation of the incorporation study.

• Hot Deal Sold in July This home, with the Solivita-styled exterior, was sold in 10 days. 1,008 square feet with 3 bedrooms and 2 baths. Listed By: Darhlene Zeanwick, All Star Properties of Central Florida. Sold By: Mary Jean Lantz, RE/MAX Paramount Properties. List Price: $44,900. Sold For: $50,150. How did we do it? We...
  
  '
• Wooded Residential Land for Sale Wooded lot in established suburban area located in the heart of Florida's Chain-of-Lakes region. This 0.17-acre, corner lot is located in Lake Marion Village, a community within a picturesque area in southwest Kissimmee, Florida, named Poinciana. Poinciana includes 18,000-acres of nature; outdoor...
  
  '
• Recently Sold Awesome home in POINCIANA; excellent location, very close to everything. This 3 bedroom & 2 bathroom became the perfect home for one lucky buyer. In move-in condition . List price $49,900. Sold for $53,000. Vacant land/lot in developed Village 7. Adjacent neighbors already developed so utilities...
  
  '
• Crist Runs Out on Homeless According to Homeless Services Network of Central Florida, Governor Charlie Crist allowed the state's Office on Homelessness to run out of funding. And that's not even the bad news. The bad news, according to Tom Pierce of the Office on Homelessness, is that they have received over 5,600...
  
  '
• Poinciana Walmart Tornadoed? With hurricane season now kicking up a bit a steam in our direction, remember: be prepared. Below's a video taken in the parking lot of the Poinciana Wal-mart just last year.
  
  '
• Hispanic Clout Covered by NPR Puerto Ricans in Central Florida was the focus of a story by National Public Radio earlier this summer. According to their report, nearly 750,000 Puerto Ricans now live in Florida and that number is expected to grow exponentially over the immediate future as residents of the island are given $2,500...
  
  '
• Free Medical Care Considering the devastating impact of the housing crisis on fellow Poincianans, everyone much pitch in in whatever way possible to help each other. For that reason, we're compiling information to help Poinciana's children and families in our times of need. If you're in need of medical care,...
  
  '
• Moving Up to All Star Just in case you hadn't noticed, we recently moved to All Star Properties of Central Florida. Previously from Overton Realty, All Star proved a better match. With a better marketing plan for sellers, an office that hasn't moved in decades, office assistants, and an office environment that's open...
  
  '
• Statewide Foreclosure Survey Closes The Residential Mortgage Foreclosure Task Forceclosed an online survey that focused on the foreclosure issue in Florida. They're in the process of tallying their survey, which will be made available on their website, www.flcourts.org.
  
  '
• While "Brisas" Opens Quizno's Closes La Brisas del Caribe restaurant opened last month at the Solivita Marketplace. Las Brisas or The Breezes is located off the corner of Marigold and Cypress at the Marketplace. Marketplace also saw the closing of Quizno's.
  
  '
• Don't Drain Yourself Ever wonder where chemicals end up after they've been dumped down the drain? Try answering, "Me." Former CEO of General Nutrition Centers (GNC), Greg Horn says, Collectively, we dump 32 million pounds of toxic chemistry down our drains each day, just from household cleaning chemicals. That doesn't...
  
  '
• Crescent Lakes' CFD to Meet in August The public is welcome to the next meeting of Crescent Lakes common facilities district (CFD) will be held on August 4 at 1 Courthouse Square, Suite 4727 (4th Floor), Kissimmee, FL 34741. For more information, contact: Irene Overton-Morgan, President April White, Secretary & Treasurer George...
  
  '
• Just Listed in Crescent Lakes Meandering lighted sidewalks, morning jogs, moonlit walks, ponds, and manicured landscapes, Crescent Lakes offers style, security, and much more. Two parks, playground, basketball, picnic area and its own security patrol. Ideal for a residential Home to live in; rent out long-term; or short-term...
  
  '
• Get Linked Our Reciprocal Ad Program We are happy to link to web sites and blogs that reciprocate the favor. Check-out our Get Linked page for more information.
  
  '
• We Called It Back in January, we were able to use our statistical tracking of the Greater Poinciana area to show that the area was finally starting to come out of the housing-crisis woods. We're glad to report that the trend continues. We started at 80 homes in January to a high of 154 in March. Poinciana is...
  
  '

Subscribe to this Feed