destin fl short sales: Why You MUST Call The Short Sale Lender Every 3 Days
- 12/03/08 01:06 AM
If you don't call the Short Sale lender EVERY 3 days... 1. It might be a month before the short sale lender lets you know you are missing paperwork (they "lost" it) 2. You won't know you're not "authorized" (they misplaced your letter) 3. You won't know they NEVER got your short sale package, (although you have the fax receipt) 4. They might never "refer" the file as a short sale (Countrywide cases) because it's still in loan modification process 5. They won't call YOU with a counter offer until they "get" to it next week 6. You might not get … (14 comments)
destin fl short sales: "Sly" Short Sale Buyer - A Cautionary Tale
- 11/23/08 03:49 AM
My story takes place in Destin, Florida. I have modified parts ever so slightly to protect identities, but I write this as a cautionary tale for short sale listing agents and short sale sellers. I received an offer on one of my Destin FL short sale listings. It was a well-done contract with a fair price- $270,000- just slightly low, but in the realm of "workable" for acceptance by the short sale lender, Chase. The selling agent said the buyer was a single school teacher, and he provided a pre-approval letter with the offer. My seller was excited and signed the … (13 comments)
destin fl short sales: Conversation with a Citi Negotiator
- 11/12/08 04:45 AM
I've written a few blog posts about Citi short sales in the past. One, Citi Rep Says Market Didn't Cause Price Decline and another Is Citi Mortgage Getting Nice? Well, I've just had a situation regarding a Santa Rosa Beach FL short sale that I must relay. First Mortgage: Everhome Second Mortgage: Citi Mortgage First Offer: Buyer walked after three months Second Offer: Buyer gets relocated to another state last week! Status: Citi had approved the second offer to close within 30 days and Everhome issued approval DAY OF buyer's withdrawal Update: Wendy gets replacement contract from new buyer, exact terms, within 3 days Everhome: Delighted! Seeking investor approval … (17 comments)
destin fl short sales: Short Sales: Attitude and Guessing Games
- 10/09/08 09:26 AM
I am working on getting a short sale approval for a house in Destin FL. The mortgage is about $200,000 and the offer is for $130,000 (modified for the sake of confidentiality), which is slightly under maximum market value of $145,000. The lender is Vanderbilt Mortgage. To be blunt, they are not nice. Most lenders have been in this game long enough to know how the system works, and have probably had thousands of short sale requests. Vanderbilt just doesn't want to play. Here is what is going on: Faxed Vanderbilt 41-page short sale package with typical items, contract, settlement statement, hardship … (13 comments)
;)
;)
;)
