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citi: First Fort Walton Beach FL Short Sale Approval of the Year - 01/06/11 10:45 AM

This lightning speed short sale approval for a Fort Walton Beach Florida townhouse in Shangra Woods was a great way to start 2011. How long did it take? 15 days!
December 20: Short Sale package faxed to Citi Mortgage
December 29: Negotiator assigned (who says people don’t work over the holidays?)
January 4: Approved!
This Fort Walton Beach short sale seller had one mortgage, which helped the process.  This was not all “slam-dunk”, but close.
Citi slightly countered the purchase price with a minimum net requirement.  I questioned the settlement statement, asking if all fees would be approved if the … (7 comments)

citi: 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)

citi: Citi Rep Says "The Market" Didn't Cause Price Decline - 02/05/08 09:26 AM
Today's Mission:  To prove to Citi short sale negotiator that market values have declined in my area.
Scenario:  House with short sale offer for $225,000. 
First Mortgage:  Saxon -  $258,000
Second Mortgage:  Citi -  $80,000
What Citi Negotiator Says: "How could value be so low?" 
Wendy: "The market"
Citi: "Hmmph...  I don't believe that market c*&p.  I'll do my research"
Wendy: "There is a six year inventory of houses in the market area"
Citi: "We're not just taking $1000 or $3000 offer.  I'll just let it go to foreclosure.  I'll make this short and sweet.  We'll just walk away and the first won't be able to accept … (17 comments)

 
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Wendy Rulnick "Its Wendy!" Destin FL Short Sales

Destin, FL

More about me…

Rulnick Realty, Inc.

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

Office Phone: (877) 487-9639 x 204

Email Me

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


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