Tutas Towne Realty and Bryant Tutas just had another successful Kissimmee Florida Short Sale closing with Bank of America. The property: 3 bedroom 2 bath single family home located in the Poinciana subdivision of Kissimmee Florida. This home has 1,407 sq ft of living area, an in ground swimming and was built in 1989. It was purchased in October of 1997 for $64,900. I actually sold it to them in 1997. Liens: 1st Mortgage with Bank of America for $144,000 Hardship: Curtailment of income. Divorce. Issues: This was a pretty straight forward Kissimmee Florida Short Sale. Tutas Towne Realty placed it on the market May 12 at $69,000. We received multiple offers and placed it under contract on May 16 at $75,190. It was sold by one of my agents. The transaction closed on October 31. 172 days fr... 11/01/2011

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... 10/13/2011

Tutas Towne Realty and Bryant Tutas just had another successful Kissimmee-Poinciana Florida Short Sale closing with Selene Finance and DTA Solutions LLC. The property: 4 bedroom 2.5 bath single family pool home located in the Poinciana subdivision of Kissimmee Florida. This home has 2,857 sq ft of living area and was built in 2005. It was bought new in December 2005 for $221,000 then sold in November 2006 for $276,000. It was purchased as a primary residence. Liens: 1st Mortgage with Selene Finance for $221,000 2nd Mortgage with DTA Solutions LLC for $55,000 Hardship: Curtailment of income. Relocation. Issues: This was a pretty straight forward Kissimmee Florida Short Sale. Tutas Towne Realty placed it on the market May 27th at $79,900. It was sold by Tutas Towne Realty 4 days later at... 08/13/2011

Folks, If you are looking for a real deal on a house in Kissimmee/Poinciana Florida be prepared to do some cleanup and repairs. Foreclosure and short sale houses under $40,000 are priced that low for a reason. They need work. Sometimes lots of it. But still if you are handy or willing to throw some money at itr you can find a pretty good deal. These small 3 bedroom houses will rent for $750-$850 per month once fixed up. So even if you have $50,000 in it you'll still be receiving 12% or so on your money. By the way you need cash to purchase theses types of properties. Below are a few video tours or some distressed properties that we have sold. Enjoy!!! Give us a call if you want us to find you a cheap house. Are you facing foreclosure in Florida? Do NOT be foreclosed on! Avoid foreclosur... 08/06/2011

This cute little Kissimmee Florida pool home was built in 1990 and was sold for $99,900. At that time Poinciana Florida was a very rural planned unit development (PUD) in Kissimmee Florida and had a population of about 7,000 people. The folks that bought it sold it in 2000 to a buyer I was working with for $88,150. So in the first 10 years it actually lost close to 10% in value. From 2000 to 2006 Poinciana exploded with growth. The population increased 10 fold to close to 70,000 people!! In 2006 I sold this property again for $224,000!!! So from 2000 to 2006 the value increased 254%. WOW!!! In 2007, 13 months after purchasing the property, the owners were foreclosed on. My understanding is that they never made a payment. It sold at foreclosure auction for $109,345. Recently I listed it... 07/08/2011

What makes for a good sign? Check it out. A picture is worth at least a 1,000 words.    I am writing this post as an entry to the Active Rain/Kodak  Sign /Flyer Challenge and have a chance to win the Kodak ESP 6150 All-In-One printer and Ink.   Are you facing foreclosure in Florida?   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. Copyright © 2011 http://www.brokerbryant.com/ | All Rights Reserved 05/04/2011

Hi folks. A potential buyer asked this about a property listing earlier today. "Why would these owners raise the price of this home in a market where no one is buying in Florida? We live in Virginia and are planning to move to Florida so we know there are tons of home better than this one for much less. Why on Earth would they raise the price?" The question is based on the Buyer's perception. Here's the reality. Hi Hopeful Buyer. The property is being offered as a short sale. It could very well be that the current lender has completed their price evaluations and has come back with a value higher than the asking price. Therefore the asking price needed to be raised. This is actually quite common. While property prices may be very low right now the reality is that properties are selling ... 03/11/2011

Poinciana Area Council and the Osceola County Economic Development Department will host a Vendor Outreach Initiative in April. This event will focus on teaching local contractors about the pre-qualification process for work on the Medical Arts Building and hospital.  To find more information about this program, go to Poinciana Home, your local honest agent. 03/04/2011

Tell anyone in Osceola or Polk counties that Poinciana is home to over 700 businesses and imagine the look you might get.  But, now, if you happen to be one of these businesses... 03/04/2011

  Tutas Towne Realty and Bryant Tutas just had another successful  Kissimmee Florida Short Sale closing with Fifth Third Bank. The property: 4 bedroom 2 bath single family home located in Poinciana Florida. This home has 2,025 sq ft of living area and was built in 2006. It was bought new in 2006 for $235,000 as an investment property. Liens: Mortgage with Fifth Third Bank for $205,000 Hardship: Loss of income due to rents dropping and no longer able to find a tenant. Issues: This property was placed on the market in May of 2010 at $95,000. It was placed under contract in June. That transaction fell through and the property was placed back on the market in August. It went pending again in November. The Mortgage Insurance Company (Genworth) came back wanting the seller to sign a promissor... 02/25/2011

It depends. If you are looking for a long term home. YES. My wife and I bought in May 2010. We purchased a foreclosure in SoliVita and got a pretty good deal. The value has probably already dropped. But we plan on living here for many years so it doesn't matter. For us and our situation is was a very good time to buy. BUY A HOME IN POINCIANA If you are looking to buy a rental property. YES. Investors are buying houses like hotcakes. You can get a 3 bedroom 2 bath home less than 10 years old for around $50,000. These will easily rent for $650-$700 a month. After taxes, insurance and HOA fees these properties will throw off about $5,000 a year in before tax cash. That's a solid 10% cash on cash return. INVEST IN POINCIANA REAL ESTATE If you know you are going to have to move in the next ... 02/18/2011

The New "Poinciana Digital Village" is Now Open To our loyal readers: Don't ever say you didn't get the scoop on something big from us. This one barely needs an introduction. It's everything a rural-styled community like Poinciana may ever need again for the most current communications possible. How do we know that? We're taking the Fifth but... Does Disney's Cast Despair? In describing what he thinks is happening to residents of Poinciana who happen to work for Walt Disney World (WDW), blogger Jeff Kober published a response to two union videos with his description of some WDW employees who happen to live in Poinciana. From Disney "to the south of me is Poinciana,... Holiday Special for Homeowners Easy & In Your Control Same system used by 99% of Realtorsr throughout central Florida M... 12/12/2010

Hi folks. Here's a map showing the current foreclosures in Poinciana Florida as of December 12, 2010. The red dots are properties being foreclosed on. They do not include properties that have already been foreclosed on. Need I say more?   Since January 2007 there have been 4646 residential sales in Poinciana according to the MLS. Of these 2540 were REOs. That's a liitle over 55%. There are roughly 21,000 homes in this area. So 12% of the homes in Poinciana have been sold as foreclosures through the MLS in the last 3 years. This of course doesn't count anything that was bought at auction and it doesn't count homes that haven't sold. I got the idea for this post from www.BoingBoing.net 1. Punch any US address into Google Maps. 2. Your options are Earth, Satellite, Map, Traffic and . . . M... 12/11/2010

Trying to buy a cheap REO (foreclosure) in Poinciana FL is hard work!!   Hi Help Me Bi, Still no fully accepted offers. Here's where your offers stand as of today1018 Tower. You agreed to the counter offer of $57,900 to close by 12/17/10. I sent the agent the revised paper work on 11-24. Yesterday I sent her an email looking for an update. I have not heard back. We should just be waiting on bank addenda to sign and return. 1006 New Orleans. Your offer was increased to $53,000 and submitted on 11-30. No response back yet. 448 Club Ct. Your offer was increased to $61,000 on 11-30. Still waiting on a response.774 Fox Squirrel. Offer was submitted on 11-27. They confirmed receipt on 11-29. Waiting on a response. 603 Tiger. Taken off the market707 Bluebird. SOLD106 Bahamas SOLD825 Alibi. Day... 12/04/2010

Don't ever say you didn't get the scoop on something big from us. This one barely needs an introduction. It's everything a rural-styled community like Poinciana may ever need again for the most current communications possible. Check-out our newest Poinciana Digital Village now and sign-up!  It's free. 11/19/2010

Hi folks. There seems to be a new trend taking place in the Short Sale world. I'm hearing the following way too often. "I helped my _________(fill in the blank...son, daughter, mother, friend etc) purchase a home since they had no credit. I just found out they haven't made a payment in 3 months. What can I do?" And then to make matters worse, the party living in the property doesn't want to move. Why should they? They are living for free and it's not affecting their credit at all. I have a couple of these properties on the market right now and every time we try to show the property there is an excuse why it can't be shown. Sadly they could not care less that their "loved one's" credit is being destroyed. Every month they live for free the person who helped them, when they needed a house... 11/06/2010

Hi folks. While cruising around Face Book this morning I found a link posted by Matt Heaton that really helps to explain the beast that is MERS (Mortgage Electronic Registration Systems). The key points.....in a nut shell are: * Tax Avoidance. In the mid 1990s Mortgage Bankers set up MERS to avoid paying State and County transfer taxes. All the assignment of mortgages would take place within this shell company so technicallly the owner of record would not change. * "Employees" who really aren't. MERS "owns" 60% of the Nation's mortgages yet has no real employees!! They allow employees of mortgage services, originators, debt collectors and foreclosure law firms to register as officers of MERS so they can use the corporate name to foreclose on properties! *  Splitting the note and the mor... 10/12/2010

Mark Your Calendar to Celebrate Hispanic Heritage Posted: Fri, 08 Oct 2010 11:59:00 -0400 This year's Hispanic Heritage Month Festival & Health Fair will be held on Sunday, October 17, at Vance Harmon Park. Last year, over 13,000 attended. For more information, contact Joey Mollfulleda at 407-301-3760 or Myriam Santiago at 407-535-7768.' Less than $10k for Hilltop Residential Land Posted: Fri, 08 Oct 2010 11:55:00 -0400 Looking for a property at the "top of the hill?" Perfection location for someone interested in a highly elevated piece of land, zoned residential and partially wooded. Within walking distance of Lake Marion, which will soon have a public lake entrance. Asking $9,900. For more information, go to our...' ¡ Hottest Deals This Week ! Posted: Fri, 08 Oct 2010 10:15:00 -0400 ... 10/08/2010

Chase Hoards Foreclosures to Cover its A$/! Posted: 01 Oct 2010 08:59 AM PDT JPMorgan Chase recently stopped foreclosing foreclosing on more than 50,000 homes to review their files for errors. JPMorgan's move this past week makes it the second major company to take such action this month. This issue could stall an reduce the number of foreclosures over the next couple of...' Qualify for the Fund for the Hardest Hit Posted: 01 Oct 2010 08:30 AM PDT If you are struggling to make mortgage payments, you may qualify for help from the federal government's Innovation Fund for the Hardest Hit Housing Markets. The federal treasury department this week approved a plan to redirect $239-million in previously approved foreclosure-prevention assistance...' A Partial Reality for Hospital in 2011 Post... 10/01/2010

Hi folks, today I want to write about BBAs (Buyer Broker Agreements) and why they have never been more important than they are right now.  I expect I'll get all the usual responses about "My clients would NEVER buy a house behind my back" and "The commission doesn't matter to me". If you believe these things to be true this post may not be for you OR maybe it's EXACTLY for you!  This post gives one reason why a BBA should be important to the Buyer. In fact, it's my opinion, that a BBA is MORE important to the Buyer than it is to the REALTOR® and here‘s why.  I spoke with a Buyer, earlier this week, who has cash and is ready to buy. It seems he has been trying to find an agent to assist him but everyone is too busy. Of course, after reading how slow the market is, he finds this hard to b... 09/28/2010