Destin Short Sale Declined? Thank you, we tried. Tried? I'm not Done!
By Wendy Rulnick, "It's Wendy... It's Sold!"
(Rulnick Realty, Inc.)
It was an interesting run to "APPROVED" and "SOLD" for this Amalfi Coast Unit B114 short sale condo in Destin, Florida. The condo had one Bank of America mortgage and the investor on the mortgage was Fannie Mae. Initially, the property was enrolled by Bank of America into their cooperative short sale program with a set list price. After I received a good offer that become a "contract" just 60 days later, I found out that it had mistakenly been entered into the "Coop" program. Bank of America had delegated the servicing of this loan to a third party company, REDC, with whom I did the negotiating. I got a terse "rejection" on the file even after some counter offering of price and a request for seller contribution. I could not get a good explanation as to "why" the file was rejected s...
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