This gorgeous home off 30-A in Santa Rosa Beach Florida has been approved as a short sale. Located in Lakeside at Blue Mountain Beach, next to Redfish Village, this home was architect-designed with two master bedrooms and many upscale finishes.
First Mortgage: Regions - balance about $750,000
Second Mortgage: Bank of America - balance about $85,000
Sale Price: about $375,000
Terms: Regions forgave about $350,000, but added $75,000 deficiency balance to another Regions-mortgaged property owned by the same seller. Bank of America settled for $9000, most of it paid from the proceeds of the sale.
If you are considering short sale to avoid foreclosure, hire an experienced Santa Rosa Beach 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
Wendy,
My favorite kind of deal!
Buyer's win big!
Sellers pull a win out of disparate.
B of A loses!
Well done!
Bill
Wendy - what a wonderful home. Congratulations.
Jeff
Great Job! I'm so aggrivated by agents and the media who portray that short sales never work. This is proof, yet again, that if you know what you're doing, you'll be successful more often than not.
Jonathan Osman - Charlotte Real Estate Update
Very nice Wendy. Looks like a mini-Tara from Gone with the Wind. Best of luck for a quick offer and close.
Thank you, Bill, Jeff, Jonathan and Gabe - for your kind comments!