It's Wendy! 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: itswendy@rulnickrealty.com Freeport Florida Short Sales & Pre Foreclosure Help. Read Wendy's Freeport Florida Real Estate Blog Wendy is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". Call Wendy Rulnick, Broker/Owner,to list and sell your home or condo on the Emerald Coast of Florida in Walton, Okaloosa and Santa Rosa County- Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. 
This home at 213 Concert Court in Hammock Bay, Freeport Florida, has been approved to close as a short sale.
Purchase Price: $170,000 appr
Wells Fargo mortgage balance: $230,000 appr
Chase mortgage balance: $60,000 appr
Factors: Wells Fargo delayed their approval process until the junior lien, Chase issued their own approval. Chase delayed their approval due to reorganizing internal departments. Chase also got aggressive with a settlement demand from the seller, which took time to negotiate.
Reminder: Consider keeping your second mortgage or equity line current if you are doing a short sale. If you don't, your file may be sent to a debt collection agency, or to the lender's charge-off department. You can still do a short sale, but the creditor may not be as lenient.
If you are trying to avoid foreclosure, consult an attorney and an experienced Freeport Florida short sale agent.
Congrats on your success Wendy! I wish I could get the local agents to show our short sale listings. We have so much inventory and agents simply refuse to show short sale listings. I think it is a case of ignorance.
Congratulations! Chase takes their time when approving these short sales. I love working with Wells Fargo.
Nice job Wendy. With two of my least favorite lenders also!
Any approval from these guys and you must be doing a good job - congrats!
Damon - That is a tough situation. I think they'll come around when the number of short sales grow.
Kay - Sometimes I like Wells, sometimes I don't :)
Gabe - I hear you!
Zorell - Thank you!