This Miramar Beach home at 897 Shore Drive
was just approved for short sale
by Citi and Green Tree. It was a beautiful home, so went under contract quickly (AND got a speedy approval).
Senior Mortgage: CitiMortgage
Balance: $285,000 appr
Junior Mortgage: Green Tree
Balance: $60,000 appr
Current Market Value: $180,000 appr
Days for Approval: 45 days total
Seller Contribution: -0-
Notes: Citi speedily approved this short sale in about 30 days. After the seller provided all the standard documents, including tax returns, IRS 4506-T, hardship letter, bank statements and proof of income, the file was assigned to a specialist. Citi agreed to pay Green Tree $6000. Green Tree approved the file in a total of 45 days. Green Tree recovery department initially handled the file, and requested the seller schedule two payments, which is unusual in a short sale, but sometimes seen when the file is in “recovery”. All in all, it was a very quick process from both Green Tree and Citi, and the seller has no deficiency judgment.
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: [email protected]
Miramar Beach short sale help
Wendy Rulnick, Broker, is a short sale and pre-foreclosure specialist and has been featured in “Kiplinger Personal Finance Magazine” and “Florida Realtor Magazine”. She has successfully helped hundreds of families avoid foreclosure through short sale along the Emerald Coast of Florida. Wendy Rulnick is knowledgeable in all aspects of short sale, including VA Compromise Sale, FHA HUD pre-foreclosure sale, HAP military PCS, HAFA, Bank of America Coop program and more. She is also co-founder of www.ShortSaleSuperstars.com and short sale instructor to agents across the United States. Wendy Rulnick sells real estate in Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Panama City Beach, Eglin AFB, Hurlburt Field.