Added by Wendy Rulnick on July 29, 2009 at 11:19am — No Comments
Added by Wendy Rulnick on July 29, 2009 at 11:18am — No Comments
Added by Wendy Rulnick on July 25, 2009 at 2:49pm — No Comments
The Emerald Coast of Florida has a high military population with both active duty and retired air force personnel. Eglin Air Force Base is located in Fort Walton Beach, and Hurlburt Field is in Navarre, Florida. Duke Field and NAS Whiting Field are nearby. We will be seeing an increase in short sales for GI borrowers when they must relocate during their PCS moves (permanent change of…Continue
Added by Wendy Rulnick on July 25, 2009 at 2:39pm — No Comments
I know you are doing a double-take, but this is a true story about a four-day short sale approval from Countrywide... The key is- it was a new construction loan... Here is what happened....
My seller. "George", bought a lot in Rosemary Beach, Florida. This a one of the higher-end markets on the Emerald Coast, with a view of the Gulf of Mexico, and a five-minute walk to the beach. George decided to build an upscale home on the property…Continue
Added by Wendy Rulnick on July 25, 2009 at 11:40am — No Comments
Do you think your 401K is safe? Attorneys have told me in the past that short sale lenders won’t touch your retirement money. Guess what?…Continue
We all make mistakes, but this was a big one, by a big corporation... I was in negotiations for a short sale on a Crestview, Florida listing. My sellers owed Countrywide/Bank of America about $175,000 as the senior lien and around $25,000 to Citi Financial as the junior lien. The sale price was a spot-on $150,000.
Bank of America asked for a promissory note of $5000. Although my…Continue
Added by Wendy Rulnick on July 17, 2009 at 2:28pm — No Comments