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bankruptcy: I Need a Broker Price Opinion- This is a Comparative Market Analysis! - 01/08/10 08:18 AM

I recently got a Mary Esther Florida short sale approved by HSBC, who always provide interesting twists to their short sales.  Here is the story:
Property:  Owner occupied home in Mary Esther Florida
Market Value:  $130,000
Senior Lien:  Wells Fargo - VA loan  - $190,000
Junior Lien:  HSBC -  $40,000
Getting the VA compromise sale approved by Wells Fargo was the easy part of this short sale.   Getting approval from HSBC, the junior lien, was a different story.  HSBC had farmed out its collection efforts to a company called Professional Recovery Services.  After months of waiting for a response on short sale approval, … (13 comments)

bankruptcy: Bankruptcy and Short Sale: Case Study - 04/26/09 12:44 PM

 
 
I have a home listed for short sale in Fort Walton Beach, Florida.  The property was a primary residence, and the seller lost his job and relocated to another state to find work.  He is also in the midst of divorce proceedings.  During the listing period the seller was advised by his attorney to file for bankruptcy.  Subsequently, we received an offer for the property.  During the time period, the seller was unclear about the status of his property.
I called Citi, the short sale lender, to find out if they would entertain a contract even though the seller … (93 comments)

 
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Wendy Rulnick "Its Wendy!" Destin FL Short Sales

Destin, FL

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Rulnick Realty, Inc.

Address: 12889 Emerald Coast Pkwy West, Ste. 107-A, Destin, FL, 32550

Office Phone: (877) 487-9639 x 204

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The market. Smart sellers. The Emerald Coast of Florida.


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