http://centralfloridashortsales.comHi Folks. Here’s a comment that I received from an employee of Bank of America. I think it sums up some of the frustration that we are all going through. I will keep the comment anonymous and it has been edited for grammar. Here goes:

I have sat here and read through all of these messages and I am at a loss for words. I currently work as a supervisor in the short sale department for Bank of America. And YES I hate my job. I hate having to get on the phone with these homeowners and agents and explain to them that I do not have the authority to submit a same day postponement for a foreclosure. Nor do I have any more contact with their negotiator than they do.

My first week on this job had me in tears. I was on the phone with an Attorney who was trying to stop a foreclosure sale and in the background I was listening to the homeowner and her children crying. It is hard and some days I leave out of work in the worst mood. EVERY DAY I attempt to make some sort of contact with corporate to get some answers from someone. But just like the rest of you, my questions and calls go unanswered.” END

I posted this to remind all of us that most of the folks we speak with at the lenders/servicers are just doing their jobs. They are overwhelmed with files and calls and there is only so much they can do.

As hard as it is sometimes, we must try to remember that these folks also have families and could very well be experiencing financial hardships just as the homeowners we are working for are. Show them some respect. Be kind. Maybe…… just maybe you’ll get a better response. OK?

Image ***Sometimes we all just need a hug!

 

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.

The BIO for Bryant Tutas

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

 

 

That’s right. By far, the overwhelming majority of Homeowners in this country are NOT losing their homes. They either own their properties free and clear or are making their payments on time.

It’s hard for us to see this because we are in the business. If you are like me you live and breathe Real Estate. We talk to people all day long who are struggling and it’s very easy for us to forget that most Homeowners are living in and enjoying their homes.

I’ve mentioned many times over the last couple of years how more than 85% of the real estate closings in Poinciana Florida are distressed sales. But what I don’t mention is that there were only 1,654 sales for 2009 out of 20,700 properties. About 8%. So 92% of the folks in Poinciana stayed put. That’s right in line with the National average.

From what I could find online there are approximately ****129,400,000 homes in the US. Depending on where you look only 7-10 mil of these are in some stage of default. That’s roughly 7%.

Approximately 93% of the Homeowners in this country are doing OK. That makes me feel good. How about you?

****I spent about an hour this morning pulling stats and data and there really are no numbers that agree. So for the purpose of this post I just used averages. If you want more precise figures then feel free to do your own research.

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.

The BIO for Bryant Tutas

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

 

Approved FHA Short Sale in Davenport Florida. $63,000

Posted by admin July - 31 - 2010 - Saturday ADD COMMENTS
Three bedroom 2 bath home located in Davenport Florida. Royal Ridge is a gated community about 15 minutes to Disney. Less than 1 mile to I-4. 30 minutes to Orlando and about 45 minutes to Tampa. This two story house has 1276 sq ft of living area and a hard to find downstairs master suite. Fenced rear yard. Gas range and gas hot water. FHA approved Short Sale at only $63,000. Contact us today to arrange your private showing.

Only $63,000

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.

The BIO for Bryant Tutas

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

Real Estate is a Business. Treat it like one.

Posted by admin July - 31 - 2010 - Saturday ADD COMMENTS

Broker Bryant www.CentralFloridaShortSales.com Earlier today I read a post byJoshua Pettus titled “I Quit!”, “I Need a Real Job!”, “I’m Broke!”, and Other Things I’ve Said Recently  A very well written post pretty much pouring his heart out. Give it a read.

Anyway, after reading his post I dug back through my archives and dug out this article I wrote in August 2007.  My advise was good back then and I stand by it today. Maybe it’ll help somebody.

First, it’s important to remember that Real Estate is a business NOT a job. When you are a business owner your job is to find a way to make things happen. Chasing money is what we do. If you don’t have any then your job is to find some. Hopefully it will come from closings. If not? Well here are some ways to generate cash flow.

  • Find a partner. This can be another REALTOR® that wants to team up so you can pool your resources. Or maybe a family member who is willing to back you for a small return on their investment. You can’t operate a business without capital. Go find some.
  • Use an equity line or credit cards. Have faith that you are good at what you do and will be able to pay these loans back once you get rolling.
  • * Do some property management.
  • * Do BPOs.
  • *Get a part time job or jobs that leave your days open to practice real estate. I used to wait tables AND drive a taxi. At the same time.

Do whatever you need to do to get capital for your business. With out it. You will fail.

Secondly, get to work. If you are sitting at home or in the office moaning about how bad business is, you will fail. Get off your butt and get to work. Here are some things you can do that don’t cost anything but time.

  • Attend every function you can at your Board of REALTORS® to network and gain knowledge.
  • Join an investment club. What better place to meet investors.
  • Utilize ActiveRain and Localism to their full potential.
  • Solicit for listings. Folks, I have on numerous occasions, given you my expired letter and suggested you use it, everyday, for every expired and withdrawn listing. How many of you have? Or is it still on your list of things to do? While you’re procrastinating, I took several listings last week, that were all from my letter. And turned down several others. And I’ll do the same thing this week, the next week and on and on and on.
  • Hop in your car and go visit some yard sales this weekend. People have yard sales because they are getting ready to place their home on the market. Say “hi” and give them a card. And if you see any FSBOs working in the yard while you are out, stop and strike up a conversation.
  • Visit a few Human Resources departments in your area. See if they will let you hold a Buyer’s seminar. Do the same at the library and the community center.
  • Go view the listings in your market area. Leave your card.

Folks, my point is GET BUSY!! Activity creates opportunity. Get into your community and start striking up conversations, passing out cards, passing out flyers and anything else you can think of. Go stand in front of the grocery store and say “hi” to everyone that walks by. Go to the self service gas station and pump gas for others with a big smile on your face and a card in your hand. I’ve personally done ALL of these things.

So there you have it. A few simple and free things you can do to generate business and cash flow. They aren’t difficult. It’s just requires attitude and motivation. Success is a decision. Failure is a lack of forward movement. It’s your choice. So what’s your decision? Are you going to turn your “to do” list into a “job completed” list?

Do you need a new Broker?

Want to find out more? www.TTRealtyNet.com

 

The BIO for Bryant Tutas

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

 

Could Equator Propel Bank of America From Worse to First?

Posted by admin July - 31 - 2010 - Saturday ADD COMMENTS

http://centralfloridashortsales.com

Maybe. In the last two weeks I have loaded five short sales into the Equator system. All have had BPOs (Broker Price Opinions) ordered and one has already been countered and accepted by the seller. We should have a written approval by the end of the week.

Now for those of you that have worked a Bank of America Short Sale in the past you know that having a BPO ordered in less than two weeks rarely happened. So having five BPOs ordered in less than two weeks is a miracle!!!

The beautiful thing is that I have not made one phone call. The entire Equator process is automated. For me that is a huge advantage as it frees me up to actually list and sell real estate.

While I know it’s too soon to sing praises, my experience with Equator, thus far, has been very positive. What’s yours been like?

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.

The BIO for Bryant Tutas

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

Increase Your Business And Income By Working Less.

Posted by admin July - 31 - 2010 - Saturday ADD COMMENTS

Broker Bryant www.CentralFloridaShortSales.comChristine Schneider wrote an article titled “When All is Said and Done”If you haven’t already take a few minutes and pop over and read it. It’s basically about time management and how we can become overwhelmed if we don’t take some down time for ourselves.

I couldn’t agree more with what Christine is saying. I have always been excellent at managing my time and setting boundaries. Here are my thoughts on the topic and an outline of what works for me.

First I want to give you some facts:

  • In our business we will NEVER be caught up.
  • There are NO real estate emergencies.
  • Setting boundaries and working less will increase your business and your income.

Once you get your head around these things you can then set a schedule that works for you and your life. For me:

  • The first 2 hours of everyday belongs to me. I use this time for meditating and taking care of my mind and body.

  • I rarely make appointments after 2pm

  • I only work on Saturdays if I have an appointment. And I’m very selective who I give this time to.

  • I never work on Sunday.

  • I cut my phone OFF at 8pm every day.

As long as potential customer/clients know these things before they decide to hire me we never have any issues. If they can’t or won’t work within MY boundaries then I refer them out because I know our relationship will not work out. They will cost me time…..

…..time that would be better spent on folks that appreciate my boundaries. A better fit means a better working relationship. Which of course translates into getting the job done in less time. It’s simple.

The key of course is to find out what works for you and your business. So spend some time over the next few days and figure out what your boundaries need to be. I promise you it will take your career to the next level. What say you?

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.

The BIO for Bryant Tutas

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

 

Bargain buy close to Cypress Gardens in Winter Haven Florida. Prestigious neighborhood of Lake Florence Pointe. The best priced home in the area. Over 2,800 sq ft of living space with many extras including tile and wood laminate flooring through out, recessed lighting, wet bar, fireplace, french doors, spa and in ground swimming pool. The owner will finance with 20% down at 8.25%. Easy qualifying. Give us a call today to arrange your private showing.

Only $239,000!!

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.

The BIO for Bryant Tutas

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

 

 

www.BrokerBryant.comHi folks. I’m getting ready to head out for day 3 of Florida Mortgage Broker School. I’ve always thought getting a Real Estate license was easy. Well after 16 hours of my 24 hour class I have concluded that getting a Mortgage Broker’s license is WAY easier. Maybe it’s because I have been in the Real Estate business for so long but this class is utter foolishness. Yesterday I learned how to calculate a 10% down payment on a $100,000 loan. Luckily they passed out calculators for this one!!

Today I have to take a 100 questions test to complete my class. Did you know that passing is not a requirement? I get to take the State test whether I pass the class or not. In fact, you can even take the mandatory 24 hours class time AFTER you pass the State test. It just has to be done within 90 days.

I do like my instructor and the other 4 students. And Celebration has an awesome Starbucks!!! So life is good.

I will come back and write more about this experience when time allows. Right now I’m too focused. I think today we learn how to calculate a 15% down payment. I’m stoked!!!!

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.

The BIO for Bryant Tutas

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

 

 

Broker Bryant www.CentralFloridaShortSales.com
Well OK then. BUT…..did you know getting it removed is not enough? “What ya talkin’ ’bout Willis?” Having the deficiency language removed from a Florida Short Sale approval letter don’t mean squat.

Of course, I am NOT an Attorney nor do I play one on TV. So you need to seek legal advice if this is a big deal. But here’s my opinion. Not only would they have to remove the deficiency language BUT they would have to add a clause stating that they will NOT go after you for a deficiency. AND I personally don’t think this would make a difference either.

So you have to ask yourselfIs going ahead with the short sale better than being foreclosed on?” (Insert the NOT an attorney language). My opinion is “YES”. Yes a Short Sale is better than being foreclosed on. At least with a Short Sale you have tried to do the right thing. However a Short Sale is NOT a free walk in the park. There are consequences.

  • Your credit may be messed up.
  • You may have difficulties getting a mortgage for a few years.
  • You could be liable for some taxes.
  • Maybe that deficiency will come back to haunt you.
  • You will have to move out of your house.

These are pretty much the  same consequences you will have if you get foreclosed on. So why do a Short Sale? In my opinion, it’s the better of two bads.

I guess my point is that you need to take this stuff serious. Do your research. Seek the advice of a competent Attorney and tax professional. Then after all of your questions have been answered to your satisfaction….sleep on it. When you are ready to go the path of the Florida Short Sale, call me. I’ll be able to help. OK? 

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.

The BIO for Bryant Tutas

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

 

www.CentralFloridaShortSales.com

I’ve got news for ya. You already did. When you purchased the property. You signed two documents. The mortgage. That created the lien and gave the lender the right to foreclose on your property (their collateral). And, you signed a promissory note. That was/is your personal promise to pay back the money you borrowed.

The Short Sale releases the lien (mortgage). It may or may not release you from the note. If the Lender is offering to swap out your $200,000 note, that you already signed, for a $10,000 at ZERO interest over 10 years then……why not sign and be done with it?

Think about it before you answer. Consult with an attorney. Then make the decision that works for you. Just don’t say “I ain’t signing no frickin’ note!!!” without thinking it through. Make sense?

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.

The BIO for Bryant Tutas

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

About us

Tutas Towne Realty, Inc Selling Poinciana, Solivita, Davenport, Celebration, Reunion, Haines City, Clermont, Kissimmee, Saint Cloud, Champions Gate and most of Central Florida. 407-873-2747 SolivitaRealEstate@gmail.com