Santa Rosa Beach Short Sale Approval: Priceless

This Santa Rosa Beach Florida short sale set the Bank of America record for me.  Document after document was requested, faxed and emailed.  Phone call after phone call was made. The file was closed and re-opened many times.  The buyers threatened to walk time and again. This short sale was on the edge of collapse throughout much of the approval the process, but in the end, success! 

First Mortgage:  Bank of America, balance $1,300,000

Second Mortgage: Regions, balance $100,000

Sale Price:   $850,000 appr

Bank of America Approval Terms:  $40,000 promissory note, $30,000 cash contribution

Regions Approval Terms:  $15,000 cash contribution

Number of Bank of America negotiators:  5

Number of Regions negotiators: 2

Number of Times Bank of America erroneously closed file:  3

Number of Emails sent:  298

Number of Phone call made: 114

Number of Months for Approval:  8

Seller Relief at Closing:  Priceless

It’s Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.

Destin Real Estate

Destin Short Sales & Pre Foreclosure Help. for agents

Read Destin Short Sale Blog

Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204

Email Wendy: [email protected]

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