Washington Mutual Approves Short Sale
My most recent approval was received this morning, approximately seven weeks from submission, from Washington Mutual. It was a very smooth transaction. Here is the summary:
Property: House in Fort Walton Beach Florida
Value and Offer: About $110,000
First Mortgage: CITI owed about $70,000
Second Mortgage: Washington Mutual owed about $90,000
Hardship: Medical
Package Submitted: August 13
Appraisal Ordered: September 3
Approval Email: September 30
Factors: First mortgage, Citi, was in collections, but not in a short sale position, since net was enough to cover full balance- so only needed approval from WAMU
Delays: Washington Mutual "lost" Letter of Authorization and "lost" part of the ahort sale package
Overall, this was a quick and mostly problem-free Fort Walton Beach short sale.
It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Search Fort Walton Beach real estate and vicinity.
Destin and Fort Walton Beach short sale and pre foreclosure help.
Read my Blog.
Specializing in real estate sales, traditional and short sales on Emerald Coast of Florida: Destin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Copyright © 2008 By Wendy Rulnick. All Rights Reserved. *Washington Mutual Approves Short Sale* Contact Wendy Rulnick regarding Fort Walton Beach real estate and vicinity.
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Property: House in Fort Walton Beach Florida
Value and Offer: About $110,000
First Mortgage: CITI owed about $70,000
Second Mortgage: Washington Mutual owed about $90,000
Hardship: Medical
Package Submitted: August 13
Appraisal Ordered: September 3
Approval Email: September 30
Factors: First mortgage, Citi, was in collections, but not in a short sale position, since net was enough to cover full balance- so only needed approval from WAMU
Delays: Washington Mutual "lost" Letter of Authorization and "lost" part of the ahort sale package
Overall, this was a quick and mostly problem-free Fort Walton Beach short sale.
It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Search Fort Walton Beach real estate and vicinity.
Destin and Fort Walton Beach short sale and pre foreclosure help.
Read my Blog.
Specializing in real estate sales, traditional and short sales on Emerald Coast of Florida: Destin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Copyright © 2008 By Wendy Rulnick. All Rights Reserved. *Washington Mutual Approves Short Sale* Contact Wendy Rulnick regarding Fort Walton Beach real estate and vicinity.
Subscribe in a reader
Subscribe to It's Wendy's Blog by Email
Labels: citi short sales, fort walton beach real estate, fort walton beach realtors, fort walton beach short sales, Washington Mutual Short Sales
posted by Wendy Rulnick at
8:15 AM
5 Comments:
Wendy-- Your blog is great! Thanks for all the help. As I read your update on this short sale, it seems so simple but the one I'm interested in as a Lis Pendens already filed which lists "Mortgage Electronic Registrtion Systems, Inc" as one of the defendants along with the owner, and the home owners association. Why would the loan company (Country Wide) list MERS a the home owners asso as defendants?
Thanks!
Thank you - glad you find the blog helpful. I don't know why MERS is named as a defendant. I know MERS is an electronic loan registry used to track loan servicers. You can look on www.mersinc.com Perhaps one of our attorney readers can enlighten us.
Wendy--Wow--thanks for the quick comment! Already checked out MERS.com and and got nowhere. What about the home owners association, then? Why would the loan holder file against them?
HI, I really have to defer to an attorney in this case. It was explained to me that the lender will name everyone to protect its interest, but I don't have an answer for you. If I get the answer, I will publish it... Let me know how your research goes.
That's great! Congratulations!
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