What was the key to getting this short sale approved? Tenacity AND creativity.  Bank of America’s Equator system rejected this offer of around $165,000 as “insufficent” about five times.  It was fair market value.  In fact, it was a little over what other units in The Palms condo project  in Destin Florida were selling for.  Finally, we gave up and just entered $1,000,000 as the offer price.   Amazingly, Equator let us continue the short sale process without rejecting the offer.  (We corrected the price in the next “step”.) Bank of America sent out an appraiser, and voila!  It turns out the offer was “fair market” (just like I said).  File approved.

It’s Wendy!

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

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

Read Wendy’s Destin Real Estate Blog

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

Email Wendy: itswendy@rulnickrealty.com

The post Destin Short Sale Approved in 60 days? A Bank of America short sale? Heck, yes! first appeared on Rulnick Realty.