If you are a short sale buyer’s agent, it can often be frustrating waiting for any scrap of information for your buyer. After all, it might be three to five months before you get short sale approval. You don’t want to lose your buyer. It’s best to give…
ContinueAdded by Wendy Rulnick on September 29, 2010 at 3:10am — No Comments
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Added by Wendy Rulnick on September 20, 2010 at 10:00am — No Comments
Three months can make a big difference in a market place.
Three Months Ago... Chase approved the short sale for this Driftwood Estates home in Santa Rosa Beach Florida. The sale price at the time was $230,000. But oops- the buyer's lender only appraised the home for $220,000. The buyer could not get a loan for $230,000. Despite providing Chase with the buyer's appraisal, they refused to lower their approval…
Added by Wendy Rulnick on September 14, 2010 at 11:30am — 1 Comment
It is scary how much misinformation there is about Short Sales. I am in the midst of negotiating an offer on one of my Destin Florida short sales. I told the buyer’s agent the seller will be counter offering.…
ContinueAdded by Wendy Rulnick on September 13, 2010 at 12:00pm — No Comments
Do you think you’re sneaky? Sending in a purposefully low offer to the short sale lender? You just want to find out "what” price they want so you can get a "real” offer later,…
ContinueAdded by Wendy Rulnick on September 10, 2010 at 11:57am — No Comments
GMAC Homecomings Financial has just approved the short sale for this Southway Estates home in Crestview Florida. The approvel time was an amazing 9 days! How so fast?
1. GMAC had a Broker Price…
Added by Wendy Rulnick on September 8, 2010 at 10:27am — 1 Comment
Wells Fargo, formerly Wachovia, has approved a Magnolia Bay townhome in Sandestin Florida as a short sale. The unusual part of this short sale was that the senior mortgage holder, Bank of America, was not "short".
What does this mean? The sales price of…
Added by Wendy Rulnick on September 5, 2010 at 5:00am — 1 Comment
1254 Ego Drive, Crestview Florida just sold as a short sale. It was a Bank of America VA Compromise Sale. The Countryview Estates home had serene landscaping with a…
ContinueAdded by Wendy Rulnick on September 3, 2010 at 7:50am — No Comments
The military's Homeowner Assistance Program is getting speedier all the time! I just had another HAP contract approved, this time for a Crestview Florida home sale in the Redstone subdivision. The sellers were PCSing from Eglin Air…
ContinueAdded by Wendy Rulnick on September 3, 2010 at 7:47am — 2 Comments
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