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hardships: Seller Ruins Credit on False Short Sale Information - 05/22/09 10:06 AM

 
Yesterday I received a phone call from an elderly seller who wanted to do a short sale.  She had bought a waterfront condo in Destin four years ago, and paid over $800,000.  Today, the unit is worth around $350,000.  Mrs. Seller told me she had three "friend" investors convince her to buy, who promised to help with the payments.  She put down $50,000 and her son put down $75,000, but she took the mortgage in her name alone.  She told me the "investors" bailed, and had never made one payment.  Mrs. Seller said she had "had enough" so needed to do a short … (17 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

Office Phone: (877) 487-9639 x 204

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The market. Smart sellers. The Emerald Coast of Florida.


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