short sales: Pelican Walk Condos, Panama City Beach, FL Short Sale
- 01/20/10 05:31 AM
6905 Thomas Dr Unit 210Panama City Beach, FL $170,000 1 bedroom, 2 bathsGULF FRONT Short sale opportunity on one of the nicest Pelican Walk condos. The views from the balcony are breathtaking, sit back and enjoy everything that comes with living on the Worlds Most Beautiful Beaches of Panama City Beach. This one bedroom, 2 bath unit has tile throughout the entire condo and has been painted with a beachy feel. Fully furnished so you are open for a rental business, second home or even a primary residence. Pelican Walk is clean and full of amenities: 2 pools, tennis courts, racketball, … (1 comments)
short sales: Need Panama City Real Estate information? You are one click away.....
- 11/07/09 05:12 AM
Looking for specific and real time information for Panama City Real Estate including all of Bay County, Florida? School information, restaurants, hospitals, shopping, demographics, everything you would want to know about your potential home purchase..... just a click away at Panama City Real Estate Market Information This page is also available at www.KnowPayneKnowGain.com Call us today!! 850-392-1770
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short sales: Help for Panama City and Panama City Beach homeowners
- 10/19/09 08:00 AM
Are you facing foreclosure? Behind on your mortgage, need HELP? You May Have A Better Way Out! There are countless hardships that can turn home ownership from a joy into a burden. The loss of a job, medical bills, or an unexpected hike in monthly payments can all make a mortgage unaffordable. But ignoring the bills will not make them go away, it will only make things worse. If you need help, there are approaches that can help, but you may not be familiar with them. One of these is a "short sale." In an approved short sale, the lender agrees … (0 comments)
short sales: Panama City Beach Florida, NEW FORECLOSURE LISTINGS
- 10/02/09 07:58 AM
Beachwalk Condominiums17751 Panama City Beach Parkway Unit 5BPanama City Beach, FL $89,900 Great opportunity for your very own beach getaway. Buy this unit and rent it out or use it for your very own residence. This 2 bedroom, 2 bath townhome has newer kitchen cabinets, countertops and newer stove, just needs a little TLC to make it new again. Close to Pier Park and just a short stroll to the Worlds Most Beautiful Beaches. Enjoy the amenities of Beachwalk; tennis, swimming pool, club house, shuffle board and your furry friends can also enjoy this dog friendly neighborhood. Call today, this one … (0 comments)
short sales: Another successful short sale closing in Panama City, FL
- 07/28/09 02:30 AM
We just closed a Bank of America short sale in Panama City, FL First mortgage amount: $200,000 Second mortgage amount: $40,000 Sale price: $185,500 lender agreed to pay $5500 for buyers closing costs, title insurance, doc stamps on the deed, tax prorations and 6% commission (one agent involved) Net amount to BofA: $164,730.40 Seller did not contribute to the sale, no promissory note. Time Frame: File submitted on 6/18/09, property closed on 7/27/09*** This was the second buyer, the first walked on 6/17/09 and we found a buyer the next day and resubmitted the entire package and closed in 40 days!!!!!!! … (1 comments)
short sales: Do agents negotiate short sales?
- 07/08/09 03:09 AM
There has been alot of talk lately on AR about short sales and whether or not agents should be negotiating short sales or should attorneys handle the short sale? My first response is that laws can vary from state to state. HOWEVER, agents are NOT or at least the SHOULD NOT be negotiating short sales. The short sale is not any different than a normal sale contractually, the contract is between the buyer and seller and the agent can not do any negotiating for the buyer or seller, they are advising the buyer or the seller and can NOT make those decisions … (6 comments)
short sales: What is the most outrageous thing you have heard from working a short sale?
- 06/16/09 09:10 AM
I thought that I had heard every excuse in the book for the banks lack of responding to a short sale request. Can't find the authorization Did not recieve the package... I actually had one tell me "Sir, we did not recieve your 44 page fax." We are waiting for a negotiator to be assigned We ordered another BPO, we did not like the value on the first one Our fax can not handle more than 10 pages at a time We are awaiting investor approval I could go on an on... TODAY I HEARD THE MOST OUTRAGEOUS, MOST PATHETIC, DUMBEST … (10 comments)
short sales: Short sale question for Countrywide short sale GURUS
- 03/31/09 01:37 AM
I have been trying to get a negotiator assigned to a Gennie Mae short sale file at Countrywide since December 2008. The file got kicked out of the system because CW thought it was an FHA loan and found out that it is a Gennie Mae loan. Since then, this file has been sitting and not moving at all. I call frequently and have no luck getting this assigned. Does anyone have a good contact at CW who may be able to escalate the file. They already did the appraisal and BPO but I am sure it is too old by … (3 comments)
short sales: Another successful short sale closing in Panama City Florida, Another homeowner saved from foreclosure
- 03/09/09 06:05 AM
We just closed on another short sale in Panama City, FL. This one was a USDA Rural housing loan that took from December 16, 2008 until last week to close. We had approval to close in less than 60 days. Short sales are nothing more than a process and we have a great system to process short sales. If you need help with your Panama City, Lynn Haven, Panama City Beach home, call the Payne Group today. We can help!!! For more short sale information, visit www.ShortSalesinPanamaCity.com
To view all listings all the time... www.KnowPayneKnowGain.com
Jeff Payne, Broker … (0 comments)
short sales: Another successful short sale closing, Another homeowner saved from foreclosure
- 03/01/09 10:54 AM
We just closed another short sale and saved another seller from a bad situation. Everything went just as we planned, contract to close in just over 60 days. The seller WAS NOT behind on his payment but had a hardship that qualified him for a short sale with his lender. The seller had a VA loan and his credit was critical due to a security clearance with the military. The VA accepts 82% of the appraised value for their NET and DID NOT CUT THE COMMISSION. Another successful short sale story. To find out more information about short sales in Panama … (2 comments)
short sales: Short sales and Option Contracts, BE VERY CAREFUL!!!!
- 02/06/09 05:56 AM
Be aware of short sales and option contracts!!!!!!!!!!!!!!!!!!!!!!! Be very careful. We recieved an offer on a short sale in July of 2008, this was an option contract for a specific price that was very low. The buyer would have his company negotiate the short sale and once we landed on a settlement that was acceptable to the buyer and the lender, we would find another buyer and the original buyer will make a profit. Sounds good on the outside....... We get another offer on the home and submit to the lender. The lender informs us that this is the only … (14 comments)
short sales: Anyone have any luck with Taylor, Bean, Whitaker short sales?
- 01/30/09 01:33 AM
Just curious if anyone has any luck with Taylor Beach Whitaker on a short sale. I have a short sale package submitted and they person that I talked with was very optimistic telling me that they will have an answer in 45 days. Not that I doubt her, I sure hope so!! My big problem is that they are SO difficult to get in touch with. Everytime that I call I can expect to be on hold for at least 30 minutes. Anyone have a number other than 1-800-530-2602
… (5 comments)
short sales: Thinking of buying a short sale in Panama City, Florida?
- 01/19/09 12:33 PM
So you think you might want to buy a short sale in Panama City? You have heard all of the myths and want to know the truth? We have succssfully negotiated many short sales and know the truth. Things to keep in mind with a short sale.... Short sales generally will take 60 to 90 days for approval. Each lender has a process that they follow to evaluate the property to make a decision on what they will sell for. The contract for purchase is a contract between the buyer and the seller, the lender is only involved since the seller … (0 comments)
short sales: Short sale myths and misunderstandings from a listing agent point of view.....
- 01/19/09 04:45 AM
A short sale occurs when the current value of a home is less than the amount owed on the property. The homeowner has suffered a hardship, making it difficult or impossible to pay for the home. These hardships can be many, most of the time it is a job loss, relocation or divorce (at least in the short sales that I have worked). The lender has to agree to take a short payoff in order for a short sale to occur. A few myths explained....KEEP IN MIND THAT ALL LENDERS ARE NOT THE SAME and their policies can vary and the myths … (54 comments)
short sales: Approved short sale in Cherokee Heights, Panama City, Florida!!!!!!!!
- 12/23/08 06:43 AM
This home appraised in December for $190,000. The bank will take $183,000 to complete the short sale. This home is all brick with a huge back yard. Just move in and enjoy. Call Jeff today to see this home! Don't wait or you might lose out! The seller paid $243,400 for the home in 2006, when it was brand new. Call us today for a short sale and foreclosure list for Panama City, Florida. 850-890-0132www.KnowPayneKnowGain.com Property report courtesy of The Payne Group
--Information deemed reliable but not guaranteed--Copyright: 2008 by the Bay County Association of REALTORS® www.knowpayneknowgain.comPrepared by Jeff … (0 comments)
short sales: When are the banks going to get with the program? The short sale program that is!
- 09/26/08 04:48 AM
I am amazed when I see the banks process for disposing of REO and short sale properties. They just don't seem to get it! They wrote a bad loan, now they need to face the music. The financial system is on the brink of disaster and foreclosures and short sales are the norm in most markets. I have negotiated numerous short sales and have sold many foreclosures. The loss mitigation departments are super busy and need more help and better systems. They are not equipped to handle mass business, one huge company that I have dealt with still uses regular fax … (6 comments)
short sales: Help me figure out this short sale!!!!!!! What is the PMI company thinking.
- 08/14/08 08:21 AM
I just got an approval for a short sale, providing the seller sign an unsecured note. Here are the details. The offer was for $165,000, normal closing costs paid by each party. The BPO came back at $170,000 and the home has been vacant for several months. The lender claims that they are OK with their NET amount but the Private Mortgage Insurance Company wants a $67,000 unsecured note paid over time. The seller has no money, they can't even pay their monthly expenses without this mortgage, they are FLAT BROKE and their financials show it. A job loss and relocation … (9 comments)
short sales: Short sale completed in less than 30 days, CONTRACT TO CLOSE
- 07/04/08 10:04 AM
Wow, after all of the bad WAMU short sale blogs that I read, I thought I was in for a long and drawn out process. We recieved a contract and submitted to WAMU and they ordered the appraisal immediately and give us a reasonable counter offer. We closed in less than 30 days. The only part that got scary was when their closer took forever to approve the HUD-1 Are the banks starting to pay attention to their loss mitigation departments?????
This is a question for the short sale experts here in Active Rain. When you submit a short sale package on a property with a first and second mortgage, how much are you offering the first mortgage and how much are you leaving over for the second on the HUD-1? I have been putting 90% of proceeds to the first and 10% to the second. I just got a first approved and they approved the sale with only leaving $1500.00 for the second mortgage. I now am faced with the task of getting the second to settle for $1500.00 which is … (28 comments)
short sales: Back By Popular Demand, Short Sale, Foreclosures and REO's by Gene Rivers
- 03/28/08 04:30 AM
Need to add another aspect to your business? Experts say that 4 out of 10 sales will be short sales in 2008. We as real estate professionals need to at least know what a short sale is and how it affects our business. We are holding a second class in Panama City with Real Estate Expert Gene Rivers. Check out the flier below and RSVP Now. It would be a great time to take a vacation to Panama City Beach and get a tax write of too! Visit my short sale website at www.shortsalesinpanamacity.com … (0 comments)
Panama City Real Estate, New home construction specialist, Cherokee Heights, Deerfield Estates, Military Relocation, Tyndall Air Force Base, Naval Coastal Systems Panama City Beach, Panama City, Real Estate, Panama City Beach Real Estate, short sales, REO, foreclosures, first time home buyers
6905 Thomas Dr Unit 210Panama City Beach, FL $170,000
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