green tree short sales: Fort Walton Beach Green Tree Short Sale Approved for PCS Military Move
- 11/21/13 03:23 AM
This home at 334 Victoria Ave., Fort Walton Beach, Florida was approved for short sale and just closed. Here are the details:
Senior Lien: Green Tree Servicing
Senior Lien balance: $156,000
Junior Lien: Green Tree Servicing
Junior Lien balance: $40,000
Current Value: $135,000
Hardship: Military PCS (Permanent Change of Station from Eglin Air Force Base)
The senior Green Tree loan was backed by Fannie Mae, which considers military PCS a long-term hardship, offering short sale as an option. We had to provide a copy of the PCS orders to Green Tree to support the case. I always recommend providing as much detail as possible to justify a hardship in … (0 comments)
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green tree short sales: Barefoot Creek, Holley by the Sea, Green Tree Short Sale Approved
- 10/23/13 05:16 AM
This Green Tree short sale in the Holley by the Sea area, Navarre Florida, was just approved! Here are the details:
Address: 2643 Barefoot Creek Circle
Subdivision: Barefoot Creek near Holley by the Sea
Mortgage: Green Tree Servicing
Mortgage Balance: Appr $200,000
Sale Price: $165,000
This was a speedy Green Tree short sale - approved in only 60 days. Since this Navarre Florida home was an investment property, we thought Green Tree, via the secondary market investor, would ask for a cash contribution. This is more common with investment properties than primary residences. Suprisingly, there was no such request nor … (2 comments)
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green tree short sales: 3 Lien Short Sale - We Love a Challenge in Bluewater Bay, Niceville FL
- 08/08/13 05:57 AM
Three short sale liens? No problem! This home at 1616 Myrtlewood Dr., Parkwood Estates, Bluewater Bay in Niceville Florida was just approved as a short sale and is getting ready to close. Here are the details:
Lien #1 (Also called "Senior Lien"): Green Tree
Lien #1 Balance: $300,000 appr.
Lien #2: Green Tree
Lien #2 Balance: $60,000 appr.
Lien #3 (Another "Junior Lien"): Key Bank
Lien #3 Balance: $30,000 appr.
There were a few challenges with this Parkwood Estates short sale listing. First, Green Tree does not process multiple liens on one property together. This is unlike Bank of America. We had to deal with … (2 comments)
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green tree short sales: 2643 Barefoot Creek Cv., Navarre Florida Short Sale Under Contract
- 05/31/13 05:58 AM
This short sale home in Barefoot Creek, near Holley by the Sea, Navarre Florida is now under contract. From listing to almost sold in six weeks, this home near Hidden Creek Golf Course off Highway 87 featured a large, restful back yard. There were only a few showings, but it just took the right buyer popping into the market to find his perfect home.
This Navarre Florida short sale has one mortgage with Green Tree Servicing. Green Tree has taken over the servicing of many of Bank of America's mortgages. You will be hearing more about them in the future. They currently don't use … (2 comments)
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green tree short sales: Parkwood Estates, Bluewater Bay, Green Tree Short Sale
- 12/31/12 04:23 AM
Parkwood Estates Green Tree short sale home in Bluewater Bay, Niceville Florida. 1616 Myrtlewood stars a saltwater pool and is located in a gated Parkwood Estates community on a cul-de-sac. Four spacious bedrooms, cathedralled living room with corner fireplace, plant ledge, French doors. Kitchen is eat-in with tiled center isle and overlooks delightful saltwater pool area. Separate, carpeted formal dining room. Master bathroom has double vanities, whirlpool tub. Big closets with custom shelving in all bedrooms, second bedroom has two closets, master bedroom has walk-in. Master bedroom has hardwood floors, bath tile. Former sunroom has been converted a bonus room is … (2 comments)
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green tree short sales: Selling Short Sales in Destin Florida - Really Crazy or Really Good?
- 10/26/12 10:28 AM
Why do I do love helping Destin Florida short sale sellers? The letter I just received after a successful Miramar Beach short sale closing with two mortgages explains it all.... "Wendy, Tim and I would like to express our sincerest gratitude in making a difficult situation of having to short sell our house as painless as it was. You were so responsive, answering my questions almost immediately, holding my hand through panicky moments, and expecting the best of people like when you told me you chose to take people at their word when my lender (Green Tree) appeared to me … (6 comments)
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green tree short sales: Indian Lake, Destin Short Sale Approved - Green Tree, Bank of America
- 06/25/12 03:44 AM
Bank of America and Green Tree just approved this Indian Lake condo unit, Destin Florida for short sale. This was an investment property, never occupied by the owner. Here are the details: Bank of America – Senior Lien – Balance: $165,000 appr Green Tree Servicing – Junior Lien – Balance $16,500 Sale Price: $65,000 appr NOTES: In this case, Green Tree had recently taken over the servicing for the junior lien, which was previously held by Bank of America. We asked Bank of America for $3000 to pay the junior lien, Green Tree, from the sale to release its lien. They agreed. Green Tree was … (2 comments)
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green tree short sales: How to Challenge a Short Sale Lender’s Valuation – And Win
- 07/29/10 11:42 AM
Your short sale was approved? Wonderful. The buyer’s lender under-appraises the property? Not so good. What do you do?
Do you call the short sale lender and tell them their comps were wrong? Do you scream "the market is still going down, take the new price or the seller will file bankruptcy"? Do you say "You’ll never get another buyer for this home”?
The short sale lender has heard all that before. Normally, they don’t care. You’re just another whining real estate agent. But there is a way to get a value changed if the circumstances are right. … (45 comments)
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green tree short sales: Green Tree Approves Elliotts Point, Fort Walton Beach FL Short Sale
- 03/26/10 01:19 AM
Green Tree Servicing has approved the short sale on this home in Elliotts Point, Fort Walton Beach Florida. The odd thing about the approval was that Fannie Mae initially rejected the short sale because the seller was current on his payments, even though he had a hardship, as I wrote in "Current on Your Mortgage? Short Sale Denied!". He was told he could get 30 days behind, then resubmit the short sale package. He did so, and another 30 days later, the sale was approved!
It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com
… (6 comments)
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green tree short sales: Current on Your Mortgage? Short Sale Denied!
- 12/29/09 10:20 AM
Borrower: Elderly gentleman at retirement age
Property: Florida home that was rented out, tenants vacated
Lender: Green Tree Servicing
Hardship: Major expenses due to spouse being in head-on collision. She will require extensive medical treatment for years and require relocation for appropriate care.
Mortgage status: Payments kept current from savings. Account drained from $35,000 to $3,000.
Seller’s Logic to Make Payments: “I am keeping up my end of the mortgage agreement in good faith”
Green Tree Conclusion: Short Sale Denied
Green Tree Investor states: “We are … (26 comments)
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