Oviedo, FL

Tutas Towne Realty and Bryant Tutas just had another successful Oviedo Florida Short Sale closing with SunTrust Mortgage.

The property:

4 bedroom 2 bath townhouse located in Hawthorne Glen Oviedo Florida. This home has 1,828 sq ft of living area. It was purchased new in March of 2006 for $277,200. It Sold today for $125,000.

Liens:

• 1st Mortgage with SunTrust Mortgage for $234,500

Hardship:

• Curtailment of income. Current on payments. Purchased for their son when he was going to college. He graduated and they no longer needed the unit.

Summary:

This was a referral from my partner Wendy Rulnick. I placed the property on the market 2 September and had multiple offers within the first 3 days. Negotiated a cash deal at $125,000.Within 45 days we had an approval from SunTrust. However they wanted the seller to contribute $10,000 to the transaction.The sellers were not in a position to do so, so we asked the buyer to pay it. They said no.

We canceled the contract and placed it back on the market. Within 1 day we had a new buyer willing to pay $125,000 AND make the $10,000 cash contribution for the seller. This was agreed and fully disclosed on the contract, on the HUD and to SunTrust. The buyer paid the $10,000 at time of closing and the seller received FULL WAIVER OF DEFICIENCY on an investment property with out missing any payments!

I never saw the property, never met the seller or the buyer. The entire transaction was handled via email and text messages.

Tutas Towne Realty placed the property on the market 2 September 2011. The transaction closed on 27 December 2011. 113 days from listing to closing!!

SunTrust Mortgage accepted $125,600 or .54 cents on the dollar for the 1st mortgage.

***The Seller received FULL WAIVER OF DEFICIENCY on an investment property with out missing any payments!

From Mrs Seller:

• Thanks Bryant!!! Best news you could have given us. We will certainly keep you in mind if we should hear of anyone needing your services. You have been terrific to work with and we can't thank you enough for staying on top of the whole process.

From Mr Seller:

• Thanks Bryant. You are by far the most professional person I have ever worked with! Kind of bummed though. I enjoyed having you in my life.

Do you need help with your Florida Short Sale?

Tutas Towne Realty has already successfully negotiated Short Sales with the following Lenders and Investors.

• Chase Short Sale
• Sun Trust Short Sale
• GMAC Short Sale
• Wells Fargo Short Sale
• Bank of America Short Sale
• USA Bank Short Sale
• PNC Bank Short Sale
• Citi Short Sale
• HomeEq Short Sale
• Fifth Third Bank Short Sale
• ING Direct Short Sale
• GreenTree Short Sale
• Capital One Short Sale
• ASC Short Sale
• First Horizon Short Sale
• E-Trade Short Sale
• Transland Financial Short Sale
• US Bank Short Sale
• IBM LBPS Short Sale
• Nationstar Short Sale
• BAC Florida Short Sale
• Real Time Solutions Short Sale
• Fannie Mae Short Sale
• FHA Short Sale
• Selene Finance Short Sale
• Indy Mac
• One West Bank
• DTA Solutions LLC Short sale

Can we add you to our list of successful Short Sales?

Are you facing foreclosure in Florida?

Localism Challenge, Day #22: Oviedo Kiwanis Charity Chicken Race

Nothing beats a good chicken race. Except a great chicken race, that is.

And a great chicken race is what you'll find in the Oviedo Kiwanis Charity Chicken Race.

The Kiwanis Club of Oviedo-Winter Springs' fourth annual Charity Chicken Race, which will be held this Saturday at 9 a.m. at the Oviedo Gym and Aquatics Center.

The event, made possible by the local chapter of global volunteer organization Kiwanis International, will last roughly three hours and will feature several competitions for children of all ages, including the traditional chicken parade.

The actual chicken race, however, consists of children hanging onto their decorated chickens and running.

Contestants can decorate a cutout of a chicken in one of eight categories: support-my-school chicken, science fiction chicken, chicken-in-motion, sports team chicken, diva chicken, Florida native chicken, chicken-in-a-book and holiday chicken.

My favorite category would have to be the sports team chicken category- as that's where the brightest of the kids will surely want to decorate their fowl in tribute to some great sports team such as...oh, the 13-time National Champion Alabama Crimson Tide. The decorated chickens will be judged- wth winners in each category getting a trophy and second place, third place and honorable mention finishers receiving ribbons.

Cutouts of the chickens can be purchased for $5 at The Town House Restaurant, Oviedo Vision Center and Artistic Expressions in Oviedo. Cutouts are available of roosters, hens and chicks. ***This is a good thing to know- 'cause the first few times I saw things about this event there were no photos or anything- and I thought they were gonna paint real chickens. Go figure- they're fake. Good thing, I guess- don't want the Oviedo Kiwanis Charity Chicken Race running "afowl" of the law!

There will be a chicken fling contest using catapults and rubber chickens. This event also had me worried- as it has in various places also been referred to as a "cluckin' chuckin' contest". Despite the obvious PETA protests that would accompany and event like this, anyone trying to say "cluckin' chuckin'" three times fast can surely attest to some potty-mouth words that may slip out....but I digress.

Event organizer Tanya McDonald said she chose the chicken as the race's mascot because of its historical connection with Oviedo. "You just can't go around Oviedo very far without seeing chickens," McDonald said. "Our feral chickens downtown, we have the emblem on the chamber of commerce and the entrance to the city. We're known for chickens, so it wouldn't make much sense to have the Oviedo warthog race." Well said, Tanya- well said, indeed.

Money made from this event will go to the local Kiwanis club's foundation, which donates money to various charities.

Kiwanis supports organizations such as Boys Town, March of Dimes and the Salvation Army. It also supports clubs at several middle schools and high schools in the area, and are very invested in the fight against juvenile diabetes.

Additionally, the club offers a scholarship to local high school students. "That's been really interesting because they'll [students] come back and tell us how they're doing in college," said Lisa Covelli, who is in charge of public relations and advertising for the club. "They, in turn, do pay it forward. They'll tell us that they joined Circle K International at college, or they joined this philanthropic organization, so it's just kind of neat how it grows."

Whether it is racing chickens or ringing bells at Christmastime, the club's purpose is stated by its motto: "changing the world one child at a time." "It's just a good feeling when you help children," Covelli said. "It's good that you can make their lives a little bit better, so that's kind of our mission." Changing the world one child at a time, and hopefully when they grow up they'll carry that on."

Localism Challenge, Day #22: Oviedo Kiwanis Charity Chicken Race- nothing funny about this even after all.

Oviedo, FL – Have you ever attempted to get a loan modification? If you have, then you probably get bugged when you hear banks talk about how they suposedly care about their customers. Somehow these banks think we will believe it.

They must think that, or they wouldn't be running ads that say: "Come to ABC Bank. We answer you by your first name. You're not a number. We care about you." What a bunch of garbage. Anyone who has attempted to negotiate a loan modification feels like they just went thru the meat grinder.

Here is a list of our Oviedo, FL Homes for Sale.

"Sir, we can't approve your loan modification until you send us the APG form", the person at the bank tells you.

"But, I already faxed that to you five different times over the last month", you reply. "Sir, that doesn't matter. I don't see if in the system and until I see it in the system, I can't look at your loan modification application", they reply to you.

Aarrgghh!!! Is that frustrating or what. So, here's a little message to the advertising departments at America's Banks.

Don't run ads saying you care about us, until you actually do. People that apply for loan modification just want to keep their home.

In many cases, a loan modification will reduce a lender's losses. Why can't you just make the loan modification process a little easier.

Maybe then you can run ads where you claim to care about your customers and we might actually believe them then.

Contact me for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (407) 330-2181.

Thanks for reading this, Gitta Urbainczyk P.A..

Gitta is a Real Estate Broker at Keller Williams Heritage Realty. Phone: (407) 330-2181. Email: gitta@gitta.com.

What do you recommend?

View My homes for sale at www.greaterorlandohomes.com.

Oviedo Realtor. Oviedo, FL Short Sales. Oviedo Realtor.

Copyright © 2011 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Gitta Urbainczyk P.A.'s personal views and do not reflect the views of Keller Williams Heritage Realty. This information is provided as a courtesy to our viewers to help them make informed decisions.

Oviedo, FL– The New York Time had an interesting article about one man’s mission in the fight to stop foreclosure. According to the article, Mark Guerette, attempted to make use of all the empty, abandoned houses he saw.

I get frustrated when I see homes sitting empty for months and months. “Those homes should be put to good use!” I thought to myself.

It bugged me that homes would sit empty for months and even years at a time. The lawn would become overgrown. A window might leak. Or, vandals would break the windows. Rain would start getting inside the house, thereby causing mold on the walls and ceiling. The house would get uglier and uglier.

As a working short sale realtor, I knew how much this would cause the home’s value to drop. Most of the homes were in foreclosure. The owners had moved out to avoid being kicked out.

But, the banks didn’t take care of the homes. It bugged me to see these trashed homes come on the market and sell at a substantial discount. “Those banks are hurting the housing market.

Someone needs to do something!” I thought to myself. But, I never did anything about it.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Apparently this guy did. Mark would find abandoned homes, fix them up, and rent them to needy families.

An old English Common Law principle called “Adverse Possession” would make him the owner of the home after several to a dozen or more years.

Of course, he was responsible for keeping the home up, paying all the property taxes (including past dues taxes), and risking having a former homeowner confront him.

Florida’s Adverse Possession law would give ownership after 7 years. He thought that law was enough to make what he was doing legal. Apparently not!

According to the article, he now faces up to 15 years in prison. This is after he disclosed what he was doing to everyone.

He mailed the owners of the homes and the banks with the mortgage and told them of his plans. The lease with his tenants disclosed that he wasn’t the legal owner.

And yet, he still faces a prison sentence? Do you think that is fair? I don’t.

Please tell me what you think in the comments section below.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at gitta@gitta.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at (407) 330-2181.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Oviedo Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, Gitta Urbainczyk P.A..

Gitta is a Real Estate Broker at Keller Williams Heritage Realty. Phone: (407) 330-2181. Email: gitta@gitta.com.

What do you recommend? View My homes for sale at www.greaterorlandohomes.com.

Oviedo Short Sale Realtor Short Sale Realtor. Oviedo FL Short Sales.

Oviedo Realtor. Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Gitta Urbainczyk P.A.'s personal views and do not reflect the views of Keller Williams Heritage Realty . This information on Loan servicer demands a bribe from home buyer, or they won’t approve buyer's short sale offer is provided as a courtesy to our viewers to help them make informed decisions.

Live Oak Reserve is a large planned unit development located within the City of Oviedo, approximately 15 mile northeast of Downtown Orlando. The neighborhood has become one of the most sought after communities in Seminole County with "A" rated schools, several parks, bike trails, aquatic center with a 5,000 sq foot club house and sports park located in the center of the community.

There have been 7 homes sold in Live Oak Reserve in the 3rd quarter of 2010. They sold for prices ranging from $295,000 to $400,000 with an average of $334,400 and ranged in size from 2356 square feet to 4163 square feet. They took an average of 27 days before they sold.

There are presently 6 homes that are pending closing in Live Oak Reserve. They range in size from 2068 square feet to 3523 and the asking prices range from $180,000 to $370,000. They were on the market for 40 days before they went into contract. Remember the days to close will go up since they have not closed yet and we don’t know the actual closing prices until they close.

There are a total of 15 homes on the market. They range in size from 2256 square feet to 3938 square feet with asking prices ranging from $259,900 to $561,000. Considering the amount of homes sold in Live Oak Reserve in the 3rd quarter of 2010, the absorbsion rate, (the amount of time it will take to sell all of the homes in a specific area assuming that no other houses are listed in that area) will be 7 months. This is a bit lower than the average of the rest of the Orlando real estate market.

Currently Meritage Homes is building lake front homes starting in the low $500’s in Live Oak Reserve. We are a preferred agent for the builder which gets you a 3 year extension on the warranty and a $1,000 bonus toward closing costs if we refer you to them for a home purchase.

If any additional information is required click onto http://www.YourOrlandoHomeFinder.com or Live Oak Reserve, Oviedo – John Sparrell, Realtor, e-Pro or call 407-488-0098 and I will be happy to assist you.