Bank of America has approved the short sale for this Shalimar Florida townhome in Country Villas. The original mortgage was for $104,000. The sale price will be about $60,000.
The really good news for these Shalimar short sale sellers? No deficiency!
If you are considering a short sale to avoid foreclosure, contact an experienced Shalimar short sale agent.
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
Shalimar Florida Short Sales & Pre Foreclosure Help.
Read Wendy's Shalimar 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.
Hi Wendy, Looks and sounds like a great home. Best wishes for a quick sale. Have a great weekend.
Sweet!! I heard BofA was doing this with some of thier approvals. It sure would make folks' lives a little better to not have the threat of a judgement hanging over thier heads.
Thank you, Gary.
Bryant - I don't know "why", but we are happy. Hopefully, this is a trend!
Hi Wendy... I have not come across this yet or heard of anyone in Texas getting that verbiage. I think I would have fainted if I had read that without advance warning!
My 2 favorite words, no deficiency! Congrats to you and your clients
Different banks word it differently, but it doesn't matter how it's written...no deficiency and a release is music to my ears!
Very nicely done Wendy. We normally have to coax B of A a bit before we can get a deficiency waive or reduced.
Effective 1/1, California now has Senate Bill 931 which allows for no deficiency judgment for first lien holders. I have noticed more B of A stuff coming with that text included. Nice for your sellers.
Gabe - How have have you gotten BOFA to remove deficiency's in the past, curious?
Melissa - We don't have such a law in FL, but maybe all the hullabaloo about faulty foreclosures is making a difference?
Hi Wendy, Another great job - love to hear there's going to be no deficiency judgment for a seller. Your sellers must be tickled.
Yabba Dabba Dooo Just what we want, no right to pursue a deficiency!! You go girl!