This home in the Port Dixie neighborhood Shalimar Florida has been approved for short sale. There were two mortgages, Seterus(formerly LBPS), and CCO Mortgage for a total encumbrance of about $227,000.
Senior Lien: Seterus
Balance: $190,000
Junior Lien: CCO
Balance: $37,000
Property Value: $140,000
This short sale was approved by Seterus in just four weeks. They allowed 6% of the junior lien balance to be paid to CCO. CCO took 120 days to approve the sale. Their reason for the delay was understaffing. They required the seller to make a payment prior to closing. Both lenders issued a full waiver of deficiency. After approving the short sale, Seterus changed the locks on the house anyway. This required a counter-lock change to give buyers access to do their home inspections. All in a day's work.
If you are considering short sale to avoid foreclosure, contact a Shalimar short sale agent. We can write your success story together.
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
Shalimar Short Sales & Pre Foreclosure Help.
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
