I received final approval from GMAC and Regions for this pending Destin Florida short sale in Crystal Shores. This unique Destin Florida home at 4495 Ocean View Drive, had a challenging short sale approval process.
The GMAC Broker Price Opinion came in much higher than the contract price. I submitted a counter-analysis of my own, which they accepted, proving the buyer’s price was fair. Meanwhile, Regions did not know which department handled this particular short sale. Then GMAC would not complete their approval process, after three months of negotiating, until they had Regions letter in hand.
It sounds like a lot, but it was only a few months of wrangling. In the end, it worked.
Another Destin short sale approved. Closing July 12.
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email Wendy: [email protected]