This investment property at 2137 Estates Ci., Cardinal Estates, Navarre Florida, was just approved by PHH for short sale closing. Here are the details:
Mortgage: PHH Mortgage (handles mortgages for companies like Coldwell Banker, Century 21, E*Trade, First Trade Union Bank, Carver Federal Savings Bank, Suburban Bank & Trust , First Tennessee Bank, Bank of the Sierra, Comerica Bank, Citizens Republic Bancorp, UBS, Provident Bank, UMB, Bank Atlantic, Banco Popular, etc.
Balance: $168,000 appr
Current Market Value: $85,000 appr
Notes: This Cardinal Estates, Navarre Florida home was purchased as an investment property in 2006. It had one lien, PHH. Cartus Corporation handled the short sale process for PHH. There was no request for seller contribution. The approval letter was issued with this terminology:
This is to confirm that the mortgage loan investor has agreed to accept a short payoff on the above referenced loan. PHH Mortgage Services will execute a Satisfaction and Release of Mortgage upon receipt of funds as provided above and, if applicable, foreclosure activity will cease.
Read more Navarre Florida short sale stories
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: [email protected]