Monday, November 25, 2013

2801 Ping Lane, Crestview Florida Short Sale - Nationstar Mortgage

Nationstar Crestview short sale
This Pinnacle Point short sale in Crestview Florida was just approved by Nationstar Mortgage and Bank of America with the HAFA program.  Here are the details:
Senior Mortgage: Nationstar (was service released by Bank of America)
Balance: $161,000 appr
Junior Mortgage: Bank of America
Balance:  $38,000 appr
Current Property Value: $130,000 appr
This HAFA short sale approval was a lengthy process. We started in April with Bank of America as the senior lien (mortgage), but they “service released” the file to Nationstar mortgage about two months after we started the short sale. This was unfortunate, as Bank of America was about to approve the file when it was moved to Nationstar. (Read “My Bank Changed in the Middle of My Short Sale, Now What?“) Nationstar stated they would not waste time, but use all the previous documents that had been provided to Bank of America. This was not the case. Almost four months later, the short sale was finally approved by both Nationstar and Bank of America. Because it was HAFA (Home Affordable Foreclosure Alternatives) short sale, the seller will received a monetary incentive at closing and a waiver of deficiency.
"It's Wendy... It's Sold!"
Wendy Rulnick, Broker/Owner Rulnick Realty, Inc.
Call Wendy Rulnick 1-850-650-7883 ext 204 property searches and community info for short sale help on the Emerald Coast
Co-Founder  national network
Wendy Rulnick is the marketing choice for sellers on the Emerald Coast who want to list and get their homes and condos sold in Destin, Sandestin, Bluewater Bay, Santa Rosa Beach, 30-A, Watercolor, Seaside, Rosemary Beach, Seacrest Beach, Kelly Plantation, Regatta Bay, Destiny and more.

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