Saxon Mortgage Approves Short Sale in Santa Rosa Beach FL

This is not your average approval for a short sale property in Santa Rosa Beach Florida from Saxon Mortgage. The junior lien, Citi Mortgage is owed about $99,000 and requested $24,000 to release their security interest.

"Ha!" You laugh, "$24,000?" That is insane! But Saxon Mortgage agrees to pay Citi 10% of their outstanding balance, or $9,946. Of not happy note, is the statement that any extensions beyond the approved closing date will result in 1% commission cut. That is fascinating, as I will try to prevent hurricanes or other acts of G-d that might delay a closing!

It's Wendy!

Wendy Rulnick, Broker Rulnick Realty, Inc.

850-650-7883 ext 204

BB&T APPROVES SANTA ROSA BEACH SHORT SALE

BB&T Corporation has approved one of my listings for a short sale in Santa Rosa Beach Florida, on the Emerald Coast. This is one of the better banks I've worked with on a short sale. Details:

Hardship: Homeowners in sales - decreased income, medical expenses

Property: Santa Rosa Beach home, built in 2004, 1900 square feet

Lender: BB&T

Mortgage Balance: $370,000

Offer: $175,000 (fair market value)

Seller Contribution: $20,000 promissory note

Debt Forgiven: $175,000

Approval Time: 35 days from fax to finish

It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.

Search Destin FL real estate
Short Sale Pre Foreclosure Help.

Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email itswendy@rulnickrealty.com

Wendy Rulnick specializes in real estate sales, short sales, traditional sales on Emerald Coast of Florida: estin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. Wendy Rulnick, Broker and Realtor, has been selling real estate for 20 years. She has won numerous awards, including the coveted ADDY for advertising design. Wendy lists and sells homes, condos and townhomes in Destin FL and the surrounding areas. She is ranked in the top ½ percent of all Realtors on the Emerald Coast of Florida for resale listings sold and was featured in Kiplinger Personal Finance Magazine as a short sale specialist.

All Rights Reserved. *BB&T APPROVES SANTA ROSA BEACH SHORT SALE* Contact Wendy Rulnick regarding Destin Florida real estate and vicinity. Copyright © 2009 by Wendy Rulnick.
This site, Wendy Rulnick or Rulnick Realty, Inc. is not providing legal or tax advice. The information provided is for educational and informational purposes only. It is recommended that sellers considering a short sale should consult an independent legal and tax advisor for more information.