Two Approvals!

I received two Short Sale approvals- one today and one yesterday- from Countrywide and ASC/Wells Fargo. It's going to be a good weekend!

 1.  ASC/Wells Fargo: Package was submitted on February 22.  It took ten weeks, about 2.5 months for approval.  The offer was countered early on.

 2.  Countrywide:  Submitted on March 2, only five weeks ago.  No counter and no contact with the negotiator.  Approved in little over a month.

It's Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR    Rulnick Realty, Inc.

Specializing in Short Sales and Foreclosures on the Emerald Coast of Florida:  Destin, Fort Walton Beach, Niceville, Santa Rosa Beach, Navarre and vicinity.  Call 850-650-7883 ext 204 or 1-877-487-9639.

www.ShortSaleForeclosureHelp.com

www.RulnickRealty.com

 

 
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11 Comments on Two Approvals!

Good Job Wendy, It will be a great weekend. 

05/09/2008 05:14 PM by Dave Woodson (Indigo Financial Group Inc.)

Congratulations on hanging in there.  I haven't had the same luck. 

05/09/2008 05:16 PM by Joe Virnig, "No Ordinary Joe" (RE/MAX Gold Coast REALTORS, Ventura County, California)

Dave, Thank you.  It's a "Whew"!

Joe,  Thank you- hang in there!!

05/09/2008 05:17 PM by Wendy Rulnick "Its Wendy!" Destin, FL (Rulnick Realty, Inc.)

What a quick approval from Countrywide. I had a similiar experience with Option One.

05/10/2008 02:30 PM by Mike Jackson (Realty World Global)

Mike, I, too, was surprised at Countrywide's speed on that one.  I have another in with them- almost three months, no response or request...    Wendy

05/11/2008 10:10 AM by Wendy Rulnick "Its Wendy!" Destin, FL (Rulnick Realty, Inc.)

Has anyone else run into troubl getting your file shuffled around at Wells while they transfer their LossMitigation work to the Liquidation Dept?

06/05/2008 12:54 PM by Nick Dailey: Northern Kentucky Real Estate Agent - Short Sale Specialist (RE/MAX Affiliates)

Nick-  I've had good luck with Wells.

06/05/2008 05:34 PM by Wendy Rulnick "Its Wendy!" Destin, FL (Rulnick Realty, Inc.)

Wendy, that's good to hear that you had success with Wells Fargo.  I have two thaat I'm working on currently and I'm hoping for success too! Congratulations!

06/05/2008 09:05 PM by Lynn Pineda - Realtor in and around Coral Springs Real Estate (Keller Williams Realty)

Lynn- Just be patient and tenacious! 

06/06/2008 07:00 AM by Wendy Rulnick "Its Wendy!" Destin, FL (Rulnick Realty, Inc.)

Wendy, congratulations on the approvals! We've had a lot of luck with short sales but Countrywide has not been the best in our experience. They recently took 3 months to respond to an offer- after weekly follow ups and nothing short of harrassment from us. I guess each case is different.

06/07/2008 07:20 PM by Brandon Watson (Team Sandy Blanton Realty, Inc.)

Hi Brandon- On average, I expect a 90-110 day wait for Countrywide response.  Calling every week and asking for the negotiator and/or making sure the process is being logged correctly in their system increases your odds of success.   I have been told or promised one thing by a rep, then get contradictory info the next time I call. Stay on them. Thank you for commenting and the compliment!  Wendy

06/08/2008 02:56 PM by Wendy Rulnick "Its Wendy!" Destin, FL (Rulnick Realty, Inc.)

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Real Estate Agent: Wendy Rulnick "Its Wendy!" Destin, FL (Rulnick Realty, Inc.)
Wendy Rulnick "Its Wendy!" Destin, FL
Destin, FL
More about me…
Rulnick Realty, Inc.

Office Phone: (877) 487-9639 Ext.: 204
Cell Phone: (850) 259-0422
Email Me
The market. Short sales. Realtor ethics. Smart sellers. The Emerald Coast of Florida.

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