Real estate blog entries tagged with pnc short sales by Wendy Rulnick, "It's Wendy... It's Sold!" (Rulnick Realty, Inc.)

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pnc short sales: Sailwatch Landing Fort Walton Beach FL - SPS - PNC Short Sale Approved - 07/30/13 04:36 AM

SPS and PNC have approved this Sailwatch Landing condo in Fort Walton Beach Florida for short sale.
Here are the details:
Original Purchase price: $679,000
First Mortgage: SPS (Select Portfolio Servicing) ** note: this was originally a Bank of America loan that was "service released"
Balance: $530,000
Second Morgage: Etrade, serviced by PNC
Balance: $100,000
Market Value: about $280,000
This Sailwatch Landing condo, Fort Walton Beach, Florida short sale took 120 days for SPS to approve. They asked for a complete package three times. That was frustrating. ETrade, however, approved the short sale in 30 days. They initially asked for a promissory note from the … (0 comments)

pnc short sales: 10 Home Santa Rosa Beach FL Subdivision Approved by PNC for Short Sale - 12/12/11 06:22 AM

This was one of the most unusual short sales I've ever gotten approved. It all started when an investor with a PNC mortgage called me about his property in Santa Rosa Beach Florida. He had purchased the new construction home sight-unseen seven years ago in the Town of Santa Rosa. It was in a small subdivision with nine other homes, all identical floor plans. The current owners of these houses had been presented with an "investment" opportunity at a hotel event. They were told they could buy these new construction homes and "flip" them for a profit when they … (5 comments)

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