Short Sale -Condo in Destin, Florida
Hardship - Seller in the Mortgage Business - Loss of Income
ASC, first - owed $420,000
Ocwen, second - owed $280,000
Market Value - $280,000
Offer - $277,000 (fair market value)
Ocwen -has sent the loan to LCS for colllection/buy-out
LCS - Wants $43,000 from seller at closing plus promissory note for $150,000, otherwise, will not approve Short Sale and will "pursue all other legal options".
Seller has no savings.
Wendy Rulnick gets ASC and buyer to agree to pay OCWEN/LCS $12,000.
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Specializing in real estate sales on Emerald Coast of Florida: Destin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Copyright © 2008 By Wendy Rulnick. All Rights Reserved. *Ocwen-LCS Won't Budge* Contact Wendy Rulnick regarding Destin Florida real estate and vicinity.