Real estate blog entries tagged with eglin federal credit union short sales by Wendy Rulnick, "It's Wendy... It's Sold!" (Rulnick Realty, Inc.)

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eglin federal credit union short sales: Mary Esther FL - Chase, Compass, Eglin Federal Short Sale Approved - 10/08/12 11:29 PM

Do you have a Mary Esther Florida home with multiple mortgages and liens that you need to short sale? This synopsis of a recent short sale will give you an idea about possible outcomes. An older home in Miramar Estates, Mary Esther, Florida was just approved for short sale, and had four liens. It was a very difficult process, but in the end - success! Here are the details:
Senior Lien: Chase
Balance: $140,000 appr
Junior Lien: BBVA Compass
Balance: $35,000 appr
Junior Lien: Eglin Federal Credit Union - two separate judgments
Balance: $40,000 for both liens
Current Market Value: $85,000 appr
… (2 comments)

eglin federal credit union short sales: Bank That's Never Done a Short Sale - 04/07/08 10:20 AM

Much of my Emerald Coast real estate market is both resort and military. There are at least three air force bases in the Destin-Fort Walton Beach area, so I do a lot of real estate business with military members. One of my Mary Esther Short Sale sellers used a local air force credit union, Eglin Federal Credit Union, for his second mortgage/home equity line. Well, I almost fell off my chair today when I found out I was the "FIRST" request they have ever had for a Short Sale. I have since learned they will NOT do short sales.
I was making my standard call to notify the first … (5 comments)

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