Friday, September 21, 2012

Holiday Shores, Miramar Beach FL - Short Sale Approved - Citi


Holiday Shores short sale
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.
If you need to short sale your Miramar Beach Florida home, hire an experienced Miramar Beach Florida short sale agent.
It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com

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