Real estate blog entries tagged with citi mortgage by Wendy Rulnick "Its Wendy!" Destin FL Short Sales (Rulnick Realty, Inc.)

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Home : Blogs : Wendy Rulnick "Its Wendy!" Destin FL Short Sales : Destin Short Sales & Real Estate Blog : Tag "citi mortgage"

citi mortgage: Saxon Approves Short Sale in Santa Rosa Beach Florida - 08/21/09 08:33 AM

This is not your average approval for a short sale property in Santa Rosa Beach Florida. Look below at the letter from Saxon Mortgage. See the amount to the junior lien, Citi Mortgage?Citi is owed about $99,000 as a junior lien and requested $24,000 to release their security interest. "Ha!" You laugh, "$24,000?" That is insane! But Saxon Mortgage agrees to pay Citi 10% of their outstanding balance, or $9,946.Of not happy note, is the statement that any extensions beyond the closing date will result in 1% commission cut. That is fascinating, as I will try to prevent … (15 comments)

citi mortgage: Conversation with a Citi Negotiator - 11/12/08 12:45 PM

I've written a few blog posts about Citi short sales in the past. One, Citi Rep Says Market Didn't Cause Price Decline and another Is Citi Mortgage Getting Nice? Well, I've just had a situation regarding a Santa Rosa Beach FL short sale that I must relay.
First Mortgage: Everhome
Second Mortgage: Citi Mortgage
First Offer: Buyer walked after three months
Second Offer:  Buyer gets relocated to another state last week!
Status:  Citi had approved the second offer to close within 30 days and Everhome issued approval DAY OF buyer's withdrawal
Update: Wendy gets replacement contract from new buyer, exact terms, within 3 days
Everhome:  Delighted! Seeking investor approval … (17 comments)

citi mortgage: Is Citi Mortgage Getting Nice? - 10/22/08 03:02 PM

I have a short sale in process for a Santa Rosa Beach FL home. The offer is around $200,000- fair market value. The first mortgage holder, Everhome- is owed $325,000. The second mortgage, Citi Mortgage, is owed $90,000.
Two months ago, I had another offer on the property. The buyer walked after waiting for approval for three months. The hold-up was Everhome. Citi had granted approval. Their terms at the time were $3000 from the first, and $16,000 paid back from the seller over 84 months at 0 percent interest.
Take Two: I now have a new buyer for this Santa … (19 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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