Southwest Florida Title Insurance & Real Estate Blog -

DreamHome (photo courtesy of futureatlas.com)

When dreams become reality!

In less than one month, Winged Foot Title has done it again…

Our very own Fannie Mae Short Sale Specialist, Pat Moore, attributes a complete package as the key to this quick approval. Pat said…“this is the fastest turnaround we have seen from Indymac or OneWest Bank.”

Another key component was the listing agent, David Irwin of Carney Realty and Associates, Inc. and his commitment to working with his clients to get the required information in a timely fashion. Thanks David!!

Lastly, our Fannie Mae Short Sale guru notes that…“complete packages are going to the top of the negotiator’s stack of files. This is especially true, as in this case, when the negotiator must answer to an investor like Fannie Mae. The more quickly we are able to get the negotiator the right information, the more quickly they are able to open the communication lines with the investor.”

Are you interested in the details of this Fannie Mae Short Sale transaction? Let me share them with you:

  • Original loan amount of $316,000.
  • Approved sales price of $185,000 netted 6% commission to the Realtor and $167,436.50 to IndyMac/OneWest Bank.
  • Deficiency Rights: Indymac Mortgage Services “retains all deficiency rights as provided by the note, deed of trust and/or security agreement in accordance with local and federal laws”

Here is the actual Fannie Mae Short Sale Approval letter.

Do you want the same results?

Please don’t hesitate to contact us, or call us at (239) 985-4142. We service all of Southwest Florida including: Fort Myers, Estero, Bonita Springs, Naples, Cape Coral, Pine Island, Punta Gorda, and Port Charlotte.

-Chris

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NOT LEGAL ADVICE: This information is not to be construed as legal advice. Legal advice must be tailored to the specific circumstances of each case. Every effort has been made to assure that this information is up-to-date as of the date of publication. It is not intended to be a full and exhaustive explanation of the law in any area. This information is not intended as legal advice and may not be used as legal advice. It should not be used to replace the advice of your own legal counsel.

Winged Foot Tite, LLC is not associated with the government, and our [short sale orchestration] service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.