countrywide: Short Sales: Time Frame and Approval Questions - 03/31/08 05:59 PM
I get phone calls almost daily from agents in my market asking how long the short sale lender will take to respond, if they have approved the price, and how "far along" in the process the short sale is.  Here are the answers:
1.  How long will the lender take?  Use a … (13 comments)

countrywide: Countrywide: Existing Home Equity Lines Slashed - 02/15/08 09:42 AM
Countrywide has been sending letters to their existing home equity line borrowers in my market on the Emerald Coast of Florida.  They are decreasing home equity line values.  The letters read: 
"Countywide Home Loans is reviewing and analyzing home equity lines of credit in its servicing portfolio.  As you know, home values … (3 comments)

countrywide: Per Diem Penalty- Forget About It! - 02/01/08 09:32 AM
Short Sale lenders don't always enforce the per diem penalty should the buyer not close on time.  I just had a Countrywide negotiator in a panic when I told him the buyers were walking, tired of waiting so long.  He emailed me back and offered up "We'll drop the per diem and give … (12 comments)

countrywide: Warning: Countrywide and PMI Short Sales - 01/24/08 09:37 AM
Watch out if you are working a Countrywide short sale with PMI!  There is some funny stuff going on...  I've been working a Countrywide short since October 2007, with a Countrywide second on it.  There have been the usual delays, appraisals, counteroffers, request for seller's medical receipts, then a denial in … (18 comments)

countrywide: Another "Short" Day - 01/22/08 08:30 AM
My goal today is to get an approval, any approval.  I have 7 short sale sides pending, the oldest was submitted on November 13.  I have two buyers threatening to walk.  One is on a Countrywide- that closing has been extended 30 days and the selling agent said the buyers are … (5 comments)

 
Real Estate Agent: Wendy Rulnick "Its Wendy!" Destin Florida (Rulnick Realty, Inc.)
Wendy Rulnick "Its Wendy!" Destin Florida
Destin, FL
More about me…
Rulnick Realty, Inc.

Office Phone: (877) 487-9639 Ext.: 204
Cell Phone: (850) 259-0422
Email Me
The market. Short sales. Realtor ethics. Smart sellers. The Emerald Coast of Florida.

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