Davenport, FL Real Estate News

By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
Hi Folks. Today I want to give you an idea of what's involved in the Short Sale process from a Florida Short Sale Agent's perspective. I just recently closed on a Davenport Florida Short Sale that took over 2 years from time of listing to closing. I sent out and received 315 emails. Made over 100 phone calls. With many hours on hold with BofA. This Short Sale was first submitted before BofA started using equator.com. Negotiated 5 contracts. 4 of those buyers walked. The last one just closed. I think I earned this $1,500!!! Check out this 21 page calendar showing the sequence of events with this Davenport Florida Short Sale. Please excuse my terrible spelling on the notes to myself. SS Calendar Are you facing foreclosure in Florida?   Do NOT be foreclosed on! Avoid foreclosure. Short Sa...
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
Tutas Towne Realty and Bryant Tutas just had another successful  Davenport Florida Short Sale closing with Bank of America. The property: 2 bedroom 2 bath condo used for short term rentals in Davenport Florida near Disney World. This condo was purchased for $221,000 in March of 2006. Last week it sold for $45,000. That's an 80% decrease in market value over 5 years. Liens: 1st Mortgage with Bank of America for $172,000 2nd Mortgage with Bank of America for $22,000 Polk County Tourists Tax Lien for $5,500 HOA Lien for $6,200 Hardship: Lack of rental income. Increased costs. Excessive debt. This property was owned by a high income individual that got caught up with an investment guru in 2004. He ended up owning 10 properties around the country. All have either been foreclosed on or sold ...
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
....beware of FIRPTA. Foreign Investment in Real Property Tax Act of 1980 In a nutshell, FIRPTA requires the closing agent or buyer to withhold 10% of the amount realized (usually the purchase price) to ensure that the tax due on the sale is given to the IRS. Basically the IRS doesn't want the money leaving the U.S. until they get theirs. So how does this affect a Short Sale for a foreign investor? To answer this try submitting a preliminary HUD to a Short Sale lender where 10% of the purchase price is being deducted from the lender's proceeds. Usually what happens is that the Short Sale lender comes back and demands that this reduction be removed. "But Mr Lender, the IRS says we can't do that. We MUST withhold 10%! "Then.....Mr Short Sale Broker....NO SHORT SALE FOR YOU!!" So what do y...
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
Hi folks. The good feeling I get from testimonials, like the one below, is the main reason why I chose to make my living helping distressed borrowers in Florida avoid foreclosure. Handling Florida Short Sales has given me a renewed energy in my business. Negotiating Florida Short Sales is a very fulfilling job to have. Thanks Irene!!! Dear Bryant,   "I am writing yet again to thank you for all your help with the short sale of my Florida villa.  What I really want is for you to put my recommendation on your web site.   I did as you are doing now, looking on the net for a, in my case, a short sale broker.  Bryant was, fortunately,  the first to reply to my email.  From first contact  I received a very professional, no nonsense, get the job done businessman.  Intertwined with that was cus...
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By Olympus Executive Realty Inc., Home Of The Top Producers
(Olympus Executive Realty INC.)
DAVENPORT HOTELS, MOTELS & RESORTS FOR SALE IN DAVENPORT, FL. PLEASE CALL FOR CURRENT & UPDATED INFORMATION ON WHAT IS AVAILABLE.  Are you looking for Hotels, Motels & Resorts to add to your Local or Global investment portfolio? We can represent you in the acquisition of any hotel, motel & resort property in the U.S.  Bankrupt Properties / Bank Managed Properties / Regular Sale / Broken Asset Representation is everything, contact a specialist that knows the inner working of the hotel/motel/resort world. The foundation of our investment sales is the depth of our local market knowledge, The firm has closed, Thousands of investment transactions for private and institutional investors. By closing more transactions annually than any other firm, our investment professionals are able to provid...
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By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
No Money Down Rural Housing USDA Loans in Davenport Florida are back and fully funded. The new sub-prime loans of today are the government backed or sponsored loans. The FHA Loan is one we are all familiar with but how many of you know about the USDA Rural Housing Loan.  Here's how it works 100% financing on homes located in certain geographical area's with borrower's who are in certain income ranges. That's it! Use this link to see if the property qualifies by falling into one of the designated geographical area's http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do Remember when income qualifying to use the income of the ENTIRE family. Seller can pay up to 6% of buyers closing cost The 3.5% Guarantee Fee is included (Financed) in with the loan amount 100% of borrowers cas...
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By Bill Ness, 55Places.com, Active Adult Community Guide
(55Places.com)
In Davenport, Florida is the age-targeted community known as Providence. With numerous home builders and over 30 different floor plans to choose from, there is something for everyone at Providence Florida. The community is planned for between 4,000 – 5,000 homes upon completion and is being built by Toll Brothers, ADB, Lennar, Meritage Homes and Contempo. While not a true Florida active adult community, Providence does have numerous appealing attributes for the discerning active adult homebuyer. The community is situated around a sparkling lake and boasts a semi-private 18-hole championship golf course. There is a fitness and aquatic center with aerobics studios for group fitness, yoga, pilates and more. The golf clubhouse features a pro-shop, lounge and full-service restaurant. Other ...
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
Hi folks. Here's a random list of things that will help Sellers and Agents with their Short Sales. Be prepared to "participate in the loss" by making a cash contribution and/or signing a promissory note at closing. This is especially true if the property is not your primary residence. You're going to have to move and start paying rent at some point. Start setting that money aside now to use as a cash contribution if needed.  Open every piece of mail from your Lender while going through the Short Sale process. Don't assume it's just a collection attempt. It may be a cash incentive. Provide documents promptly when requested by the Lender. Stay current on your HOA fees if at all possible. The purpose of a Short Sale is to settle your debt with the Lender NOT to see how long you can live i...
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By Steve Glose, TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
(Keller Williams Classic Group)
513 ARENA DR, DAVENPORT FL 33837                                     $$$ 167,000 $$$ Exterior Front Great Room Great Room Kitchen Dining Room Breakfast Nook Master Bedroom Bedroom 2 Bedroom 3 Exterior Back   WHAT A DEAL!!!   Fully furnished home in spectacular Del Webb Orlando for a great price.  Popular Barcelona floor plan, with granite countertops, extended tile in living room, dining room, & kitchen & baths.  Upgraded cabinets, 3 BR 2 Bths, screened lanai for all year enjoyment and relaxation.  This gated, golf course community is a unfound jewel that you will fall in love with from the first moment you enter the tropical lined blvd.  Del Webb Orlando boasts highly in its newly constructed awesome clubhouse that provides a resort lifestyle living all the time.  Indoor & outdoor heat...
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By Steve Glose, TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
(Keller Williams Classic Group)
              739 CUNNINGHAM DR, Davenport FL 33837                     $$$ 225,000 $$$ Exterior Front Exterior Back Exterior Back Living Room Dining Room Junior Office Den/Family/Great Room Kitchen Master Bedroom Master Bath/Spa Bedroom 2 Florida Room  Enchantingly  beautiful home that definitely stands out among its neighbors.  This stunning 3/2 plus den with oversized 2 car garage with screen, may be just the perfect match for you.  In excellent condition, this home was custom built for current owners Sitting on an oversized lot with privacy in the rear, this retreat has wood floors in office  and master bedroom, updated  kitchen with tile backsplash, extended tile in living & dining areas, a relaxing  large Florida room, Jacuzzi tub, patio with pavers, rain gutters, well pump for a ...
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By Steve Glose, TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
(Keller Williams Classic Group)
   MLS# O5029063                  318 HIGH VISTA DR, DAVENPORT FL 33837   $$$ 165,000 $$$ Exterior Front Exterior Back Great Room Kitchen Dining Room Master Bedroom Bedroom 2 Other View Master Bath/Spa Florida Room Laundry Room Priced to sell fast!  What a lovely home to take ownership of quickly.  The popular floor plan called Ridgedale with an enclosed lanai and plenty of privacy.  Many upgrades including pavers, Bose surround sound system, alarm system, plantation shutters, corian countertops, stainless appliances, maple cabinets, R-30 insulation in attic, citrus trees, bull nose corners, handicapped tub, 12 ft ceiling, and the list goes on. 55+ Active adult Gated golf course community with amenities to include clubhouse, heated pool, tennis, shuffleboard, bocce court,crafts, cards, ...
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By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
Hi folks. This article is my opinion based on what I see happening in my market area. Home ownership is declining in America. Past property owners have and are going through foreclosures and short sales and are no longer in a position to buy. Real Estate values are still declining in most of the major markets. Finally, real estate is affordable again. But who's buying? In my market, Central Florida, the answer is.....Foreign Investors. Investors from the UK, Canada and other countries are taking advantage of the weak dollar and low property values and are scooping up properties that Americans can no longer buy due to credit issues. Then of course these Investors turn right around and rent these properties back to us. Now being that I am a Real Estate Broker and make my living by sellin...
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By Steve Glose, TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
(Keller Williams Classic Group)
   MLS# S4680021                          634 BENT OAK LOOP, DAVENPORT FL 33837    $$$ 120,000 $$$ Exterior Front Kitchen Swimming Pool/Hot Tub/Sauna Bedroom 2: Goes out to the pool area Master Bedroom Master Bath Beautiful 3 bedroom 2 bath  Pool Home, Very good condition, nice backyard. Owner is very motivated and ready for a quick sale. 15 minutes to Disney, 1543 sqft of living space. For the latest status on this property and many more in the Davenport area, contact Steve Glose with Keller Williams Realty direct at 407-616-7286 or visit www.thefloridalivingteam.com. For a faster reply you can also email me at steve@thefloridalivingteam.com. U.K callers dial: 020-3239-7286. All information is deemed reliable but not guaranteed on the date posted. Visit www.hunterscreekhomevalues.com o...
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By Steve Glose, TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
(Keller Williams Classic Group)
   MLS# S4679339         434 SCRUB JAY WAY, DAVENPORT FL 33896    $$$ 100,000 $$$ Exterior Front Swimming Pool/Hot Tub/Sauna Exterior Front "Short Sale" Property is in good condition All appliances included, HOA includes basic cable and lawn maintenance. 4 bed, 3 bath, 1665 sqft of living space, in ground pool, 15 minute drive to Walt Disney World, Short Term Rentals allowed. For the latest status on this property and many more in the Davenport area, contact Steve Glose with Keller Williams Realty direct at 407-616-7286 or visit www.thefloridalivingteam.com. For a faster reply you can also email me at steve@thefloridalivingteam.com. U.K callers dial: 020-3239-7286. All information is deemed reliable but not guaranteed on the date posted. Visit www.hunterscreekhomevalues.com or www.hunte...
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By Steve Glose, TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
(Keller Williams Classic Group)
  MLS#  S4679360               421 TERRACE RIDGE CIR # 421, DAVENPORT FL 33896   $$$ 95,000 $$$ View Kitchen Den/Family/Great Room Master Bedroom Master Bath Bedroom 2 Bath2 Other: TV Dining Room   Beautiful Furnished Condo complete with all appliances including front load washer and dryer. Granite Kitchen Counter Tops and Back Splash, Crown Molding, New Wood Laminate Floors in Living and Dining Room, Tile Floor in Kitchen, Carpet in the Bedrooms Upgraded Ceiling Fans and Fixtures, New Glass Shower Doors, 50" Flat Screen with Bose Sound System, 32" and 29" TVs in bedrooms. Gated Community featuring Clubhouse and Community Pool For the latest status on this property and many more in the Orlando area, contact Steve Glose with Keller Williams Realty direct at 407-616-7286 or visit www.thef...
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By Steve Glose, TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
(Keller Williams Classic Group)
   MLS# O5011361                232 DEL SOL AVE, DAVENPORT FL 33837     $$$ 269,000 $$$ Exterior Front Exterior Back View Bedroom 2 Den/Family/Great Room Living Room Kitchen Master Bedroom Lanai Gathering Room Lanai Eating Space in Kitchen Savor the Silence in your own private world on the lanai overlooking two lakes and a peaceful nature setting in this beautiful popular model Madrid.  Wow....what a deal for this tranquility!  You will find this home offers everything you want.....tile throughout living areas, granite countertops, light dimmers, upgraded fans & lighting, stylish window treatments, unmatched quality in paint and decor, and a lanai where you will want to spend all your time relaxing. Active Adult 55+ gated golf course community featuring 30,000 sf Clubhouse w/fitness cen...
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By Steve Glose, TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
(Keller Williams Classic Group)
   MLS# O5008439                  939 ASHTON DR, DAVENPORT FL 33837    $$$ 229,000 $$$ Exterior Front Exterior Back Great Room Great Room Master Bedroom Bedroom 2 Cafeteria/Kitchen Master Bath Den/Family/Great Room Dining Room Kitchen Exterior Back Beauty worth looking into in this lovely home located in a golf community of prestigious Ridgewood Lakes. Amentities galore include stainless steel appliances, breakfast area, island with sink, custom lighting, spacious 2 car garage with golf cart garage, heavy duty shelving, floored attic storage, master suite with jetted tub, formal dining room, window treatments, outside patio, irrigation system, and much more.  This 55+ active adult community boasts a gated entrance, tennis, shufflebard, golf, crafts, fitness, social clubs, cards, and man...
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By Steve Glose, TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
(Keller Williams Classic Group)
   MLS# O5008439                  939 ASHTON DR, DAVENPORT FL 33837    $$$ 229,000 $$$ Exterior Front Exterior Back Great Room Great Room Master Bedroom Bedroom 2 Cafeteria/Kitchen Master Bath Den/Family/Great Room Dining Room Kitchen Exterior Back Beauty worth looking into in this lovely home located in a golf community of prestigious Ridgewood Lakes. Amentities galore include stainless steel appliances, breakfast area, island with sink, custom lighting, spacious 2 car garage with golf cart garage, heavy duty shelving, floored attic storage, master suite with jetted tub, formal dining room, window treatments, outside patio, irrigation system, and much more.  This 55+ active adult community boasts a gated entrance, tennis, shufflebard, golf, crafts, fitness, social clubs, cards, and man...
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By Steve Glose, TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
(Keller Williams Classic Group)
   MLS# O5008439                  939 ASHTON DR, DAVENPORT FL 33837    $$$ 229,000 $$$ Exterior Front Exterior Back Great Room Great Room Master Bedroom Bedroom 2 Cafeteria/Kitchen Master Bath Den/Family/Great Room Dining Room Kitchen Exterior Back Beauty worth looking into in this lovely home located in a golf community of prestigious Ridgewood Lakes. Amentities galore include stainless steel appliances, breakfast area, island with sink, custom lighting, spacious 2 car garage with golf cart garage, heavy duty shelving, floored attic storage, master suite with jetted tub, formal dining room, window treatments, outside patio, irrigation system, and much more.  This 55+ active adult community boasts a gated entrance, tennis, shufflebard, golf, crafts, fitness, social clubs, cards, and man...
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By Steve Glose, TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
(Keller Williams Classic Group)
   MLS# S4674913             511 MONACO DR, DAVENPORT fL 33837      $$$ 110,000 $$$ Exterior Front Exterior Front Exterior Back Swimming Pool/Hot Tub/Sauna Living Room Living Room Master Bath Bedroom 2 Bedroom 3 Dining Room "Short Sale"  Beautiful 3 Bed, 2 Bath Pool Home. Split floor plan with separate living and dining areas. "Short Sale"; approval of the seller's lender required. For the latest status on this property and many more in the Davenport area, contact Steve Glose with Keller Williams Realty direct at 407-616-7286 or visit www.thefloridalivingteam.com. For a faster reply you can also email me at steve@thefloridalivingteam.com. U.K callers dial: 020-3239-7286. All information is deemed reliable but not guaranteed on the date posted. Visit www.hunterscreekhomevalues.com or www...
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