This home in the
Port Dixie neighborhood Shalimar Florida has been approved for short
sale. There were two mortgages, Seterus(formerly LBPS), and CCO MortgageÂ for a total encumbrance of about
Senior Lien:Â Seterus
Junior Lien: CCO
Property Value: $140,000
This short sale wasÂ approved by Seterus inÂ justÂ four weeks. They allowed 6% of the junior lien balance to be paid to CCO. CCO tookÂ 120 daysÂ to approve the sale. Their reason for the delay was understaffing.Â They required the seller to make a payment prior to closing.Â Both lenders issued a full waiver of deficiency.Â After approving the short sale, Seterus changed the locks on the house anyway.Â This required a counter-lock change to give buyers access to do their home inspections.Â All in a day's work.
If you are considering short sale to avoid foreclosure, contact a Shalimar short sale agent.Â We can write your success story together.
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-freeÂ 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: email@example.com
Wendy is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine".Â 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- Â 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