Sailwatch Landing, Fort Walton Beach FL, SPS Etrade Short Sale Approved

Sailwatch Landing short sale 

SPS and Etrade have approved this Sailwatch Landing condo in Fort Walton Beach Florida for short sale.

Here are the details:

Original Purchase price: $679,000

First Mortgage: SPS (Select Portfolio Servicing) ** note: this was originally a Bank of America loan that was “service released”

Balance: $530,000

Second Morgage: Etrade, serviced by PNC

Balance: $100,000

Market Value: about $280,000

This Sailwatch Landing, Fort Walton Beach, Florida short sale took about four months for SPS to approve. They asked for a complete package three times. That was frustrating. ETrade, however, approved the short sale in 30 days. They initially asked for a promissory note from the seller. This was negotiated to a full settlement at closing in exchange for a seller cash contribution.

If you are thinking about selling your Fort Walton Beach house or condo as a short sale, give me a call. No matter how many liens you have, and whatever lenders, I will help you figure it out.

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: [email protected]


Wendy Rulnick, Broker, is a short sale and pre-foreclosure specialist and has been featured in “Kiplinger Personal Finance Magazine” and “Florida Realtor Magazine”. She has successfully helped hundreds of families avoid foreclosure through short sale along the Emerald Coast of Florida. Wendy Rulnick is knowledgeable in all aspects of short sale, including VA Compromise Sale, FHA HUD pre-foreclosure sale, HAP military PCS, HAFA, Bank of America Coop program and more.  She is also co-founder of www.ShortSaleSuperstars.com and short sale instructor to agents across the United States. Wendy Rulnick sells real estate in Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Panama City Beach, Eglin AFB, Hurlburt Field.

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