junior liens: My Real Estate Agent Says to Take The Deficiency - 09/16/11 09:37 AM
 
Are you trying to short sale your Destin Florida home, but have multiple mortgages?  Then you'll be interested in reading the following question I received from a homeowner: "We have short sale approval letters from both Wells Fargo and a HELOC with Wells Fargo.  I am happy with the primary letter, but my question is regarding the HELOC approval letter.  In a nutshell it asks for me to agree to pay 100% back and they still have rights to sue for deficiency judgment.  My current real estate agent says that's just normal wording affirming original loan terms and that I would negotiate with the HELOC after … (3 comments)

junior liens: "Rude and Crude" - Nordon Collection Services - 05/04/09 11:26 AM

 
I've been holding off on writing this.  I even started a week ago and deleted it.  But now I have "had it"- with Citifinancial and Nordon Collection Services (NCS), that is.  The story has gone on for a few months.  Citi is the junior lien holder on a Crestview, Florida home for sale.  The property is a "short sale" and Countrywide/Bank of America is the senior lien holder. 
Several months ago, Citi sent their $40,000 equity loan to NCS for collections.  (By the way, try not to let your short sale sellers let a junior lien go to collections.)  When we obtained a fair-market offer … (14 comments)

 
Wendy Rulnick, "It's Wendy... It's Sold!" (Rulnick Realty, Inc.)

Wendy Rulnick

"It's Wendy... It's Sold!"

Destin, FL

More about me…

Rulnick Realty, Inc.

Address: 12889 Emerald Coast Pkwy., Ste. 107-A, Destin, FL, 32550

Mobile: 850-259-0422

Author Bio: Wendy Rulnick, Rulnick Realty, Real Estate Broker in Destin Florida and all surrounding towns

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


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