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negotiating short sales: I’ll Take That Destin Short Sale for 20% Off! - 02/28/10 11:21 AM
$70,000 below asking price? 20% off? Those must be the magic numbers, because they are the types of offers I have been getting on some of my Destin Florida short sale listings. For example and illustration, I have a Destin short home listed in at $420,000. The two most recent comparable sales were $430,000 and $425,000. The buyer’s agent presents me with an offer for $350,000. Hmmmm… will the short sale lender accept $350,000? I doubt it.
There are “magical” numbers floating around the internet that short sales sell for 82% of list price, or 80% of market value, or … (22 comments)
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negotiating short sales: Current on Your Mortgage? Short Sale Denied! - 12/29/09 06:20 PM
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 … (24 comments)
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negotiating short sales: Would You Let a "Flipping" Investor Negotiate Your Short Sale? - 08/03/09 10:38 PM
I sent out a listing agreement a couple of weeks ago for a Destin Florida condo. This was a Bank of America short sale, and no payments have been made for 9 months. I never received the listing paperwork back, so just wrote it off.
Today I got a call from “Clyde”, who said he was a licensed real estate agent in the sellers' home state of Georgia and knew them personally. He was helping the sellers with a short sale of their primary residence. Clyde said the sellers still wanted me to list the property, but that Clyde would … (66 comments)
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negotiating short sales: Short Sales: For Buyer's Agents - 03/12/08 05:18 PM
Are you the selling agent in a Short Sale market? Arm yourself with information for a successful transaction:
1. Prepare your buyer by going over steps in Buying Short Sales.
2. Ask the listing agent if he has gathered the information necessary to submit the Short Sale package, including: letter of authorization, financial statement, recent pay stub or last quarter profit and loss, recent bank statement, last year's tax returns, hardship letter, and payoff if more than one lender. If the listing agent has not already done so, prepare the buyer for a longer wait. I would also ask what the hardship is. If … (14 comments)
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Wendy Rulnick "Its Wendy!" Destin FL Short Sales
Destin,
FL
More about me…
Rulnick Realty, Inc.
Address: 12889 Emerald Coast Pkwy West, Ste. 107-A, Destin, FL, 32550
Office Phone: (877) 487-9639 x 204
Email Me
The market. Smart sellers. The Emerald Coast of Florida.
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