usda short sales: Seminole, Niceville FL Bank of America Ginnie Mae Short Sale Approved
- 08/26/12 03:47 AM
This house at 1425 Hickory Lane, in the Seminole area of Niceville Florida, was just approved for Bank of America short sale closing. It was a long process, with delays due to department changes at Bank of America, but in the end - success! Here are the details: First Mortgage Holder: Bank of America Second Mortgage: None Mortgage Type: USDA Ginnie Mae Original Mortgage: $180,000 appr Current Value: $70,000 appr Deficiency Judgment: Waived Seller Cash Contibrution: None Seller Promissory Note: None A USDA Ginnie Mae short sale (called ”pre foreclosure sale” at … (1 comments)
usda short sales: 781 Majestic Blvd, Crestview FL - Bank of America USDA Short Sale Approved
- 04/12/12 10:42 PM
This Eagles Landing short sale at 781 Majestic Boulevard was just approved in Crestview Florida. It was a tedious process because the investor for the mortgage was Ginnie Mae USDA. Here are the details: Mortgage Holder: Bank of America Original Mortgage: appr $135,000 Current Market Value: appr $65,000 Other Liens: Yes Time for Approval: 4.5 months Notes: This short sale process was lengthy. Why? Bank of America does not handle its Ginnie Mae USDA short sales in Equator, their online processing platform. In addition, only a few negotiators at Bank of America are qualified to handle these type of files. The … (1 comments)
This Church Street home in Santa Rosa Beach Florida was originally purchased as a short sale in 2009. For the second time, it is being sold as a short sale, just approved by J.P. Morgan Chase. The mortgage was backed by Ginnie Mae, and was a USDA loan, which offers mortgages to rural areas throughout the U.S. Lender: ChaseMortgage Type: Ginnie Mae USDABalance: appr $220,000Junior Liens: noneSale Price appr $200,000Seller Cash Contribution: -0-Seller Promissory Note: -0-Deficiency: noneAlthough Chase's short sale approval letter did not specifically address a waiver of deficiency, the Chase negotiator quoted me USDA loss mitigation guidelines, which state there … (7 comments)
This house at 1425 Hickory Lane, in the Seminole area of Niceville Florida, was just approved for Bank of America short sale closing. It was a long process, with delays due to department changes at Bank of America, but in the end - success! Here are the details: First Mortgage Holder: Bank of America Second Mortgage: None Mortgage Type: USDA Ginnie Mae Original Mortgage: $180,000 appr Current Value: $70,000 appr Deficiency Judgment: Waived Seller Cash Contibrution: None Seller Promissory Note: None A USDA Ginnie Mae short sale (called ”pre foreclosure sale” at … (1 comments)
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