Real estate blog entries tagged with citifinancial 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 "citifinancial"

citifinancial: "Rude and Crude" - Nordon Collection Services - 05/04/09 06:26 PM

I've been holding off on writing this. I even started a week ago and deleted it. But now I have "had it"- with Citifinancial and Nordon Collection Services (NCS), that is. The story has gone on for a few months. Citi is the junior lien holder on a Crestview, Florida home for sale. The property is a "short sale" and Countrywide/Bank of America is the senior lien holder.
Several months ago, Citi sent their $40,000 equity loan to NCS for collections. (By the way, try not to let your short sale sellers let a junior lien go to collections.) When we obtained a fair-market offer … (14 comments)

citifinancial: Citi Short Sales- Less Forgiveness on Second Mortgage Debt? - 06/10/08 08:28 PM

Is CitiMortgage/CitiFinancial cracking down on Short Sale second mortgage approvals?
Citi Short Sale #1:
First Mortgage: Countrywide- $199,000
Second Mortgage: Citi- $20,000
Offer: $160,000 (fair market valve)
Seller: Divorce situation, no savings, job loss, new job out-of-state, separate households
Citi Says: Will not accept typical nuisance fee from Countrywide. "Don't waste your time unless seller pays $10,000 cash and another $10,000 in a promissory note. Hire someone to do a BPO". Their system shows a value of $215,000" (That is, I am to hire to third party).
Citi Short Sale #2:
First Mortgage: Saxon - $260,000. Saxon offers Citi $1000 and needs to … (18 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

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