fort walton beach short sales: Washington Mutual Won’t Waiver - 11/04/08 09:35 AM
I recently had a Fort Walton Beach FL Short Sale approved by Washington Mutual (WAMU). In this case, WAMU was the junior lien, the first was Citi Mortgage. There was enough from the sale proceeds to satisfy Citi's mortgage balance, so the only approval necessary was from WAMU. As with all Short … (17 comments)
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fort walton beach short sales: Short Sale Listings: Tips & Tricks - 10/25/08 10:13 AM
Preparation and organization are some of the keys to a successful Short Sale. This starts with the listing process.
1. Determine if your seller has a legitimate hardship. Some of those are: loss of income, divorce, medical, transfer, job loss, death of breadwinner, etc. Not "I want to move", "I am tired … (16 comments)
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fort walton beach short sales: Short Sales: What's The Hardship? - 09/28/08 09:59 AM
What are the hardships behind so many Short Sales? We've heard a few reasons on the news lately about why so many people can no longer afford their mortgage payments. We've heard mainly "Not qualified to buy the home in the first place" " Rate re-set to higher payment" "Scammed into … (14 comments)
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fort walton beach short sales: "Short Selling" vs "Short Sales"- Don't Get Confused! - 09/24/08 12:37 PM
Yesterday I got a call from a potential "Short Sale" seller who was confused. He had heard on the news that "short selling" had been banned by the government. He thought he might not be able to save his home from foreclosure because of this new law.
I knew immediately what … (8 comments)
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fort walton beach short sales: HOPE for Homeowners - 08/04/08 02:17 PM
I have been getting calls from sellers in Destin Florida and the surrounding towns, concerned over rising mortgage payments or from those who have lost income or jobs, to find out if they are eligible for the favorable refinance benefits recently passed in the Housing and Economic Recovery Act of 2008. Following is … (4 comments)
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fort walton beach short sales: Winning: Tennis & Short Sales - 07/08/08 05:39 PM
What does it take to be a winning Short Sale listing agent? Among other qualities, the number one attribute is: tenacity. Webster's dictionary says to be tenacious is to be "persistent in maintaining, adhering to, or seeking something valued or desired".
One can liken the attitude to that of Rafael Nadal's, who just … (6 comments)
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fort walton beach short sales: CHASE: Won't Forgive and Forget - 06/12/08 06:44 PM
Do you have a CHASE Short Sale? If so, expect to read this on your approval letter:
"The customer is still responsible for all deficiency balances per the terms of the original loan documents."
Yes, they might approve the Short Sale with this sentence "Chase agrees to release its security interests in … (15 comments)
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fort walton beach short sales: Short Sales: "One" Strong Contract = Success - 06/02/08 06:53 PM
I get calls daily on my Short Sale listings from agents who think I send multiple signed or unsigned offers to the Short Sale lender with equal position. That is- like an auction. Well, I don't. Per my MLS board approval, I leave listings active with the comment: "Contingency contract, bring your … (17 comments)
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fort walton beach short sales: Foreclosures, Short Sales & Credit Scores - 04/18/08 04:40 PM
"How will a Short Sale affect my credit?"
I am often asked this question by sellers pondering foreclosure or deed-in-lieu of foreclosure versus a Short Sale. It may be easier to look at how foreclosure affects credit in ways that a Short Sale does not. Kenneth R. Harney, of the Washington Post, recently … (0 comments)
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fort walton beach short sales: Bank That's Never Done a Short Sale - 04/07/08 05:20 PM
Much of my Emerald Coast 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 recent Short Sale listings used a local air force credit union for his … (5 comments)
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fort walton beach short sales: Saved from Foreclosure- My Best Real Estate Sale on the Emerald Coast - 02/16/08 11:54 AM
A few weeks ago I wrote a blog about an imminent foreclosure for one of my sellers in Mary Esther FL - "The 11th Hour". We had little time and a foreclosure sale date set at the Okaloosa County courthouse steps for 11:00 a.m. the next business day, when I finally got an … (13 comments)
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fort walton beach short sales: Short Sale Help - Emerald Coast of Florida - 02/14/08 09:07 AM
I specialize in helping Emerald Coast sellers do "Short Sales". A Short Sale is when the mortgage lender accepts a less than full payoff upon sale of the property. Instead of emailing you separate explanatory documents, I have created a short sale website:
http://www.ShortSales-EmeraldCoast.com or http://www.ShortSaleForeclosureHelp.com.
So, if you are facing foreclosure and … (2 comments)
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fort walton beach short sales: Qualify Your Short Sale Selling Agents - 01/30/08 10:05 AM
I've been working a Countrywide short sale (one of many) since November, and finally got approval yesterday. The Countrywide demand letter stipulated closing by January 31. After weeks of the buyers' agent asking for final approval, I am now told the buyers may not be able to close on time. They want seven … (13 comments)
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