A “homey” Lighthouse Pointe short sale home in Navarre Florida with brick fireplace, wood laminate floors, interesting angles, plant ledges and high ceilings.  Kitchen and dining areas are tiled along with both bathrooms in 2007. Kitchen counters expanded with added cabinetry and workstation. Other improvements are new carpet, well and sprinkler.  This Lighthouse Pointe short sale home in Navarre FL has a huge lot at end of cul-de-sac with fenced back yard. Excellent location for commuting to Hurlburt Field. Gulf of Mexico, Santa Rosa Sound and East Bay nearby for fishing, boating, sunning and swimming.

6542 Watermark Cove, Lighthouse Pointe, Navarre FL – 32566 – VA Compromise Sale – offered for $109,900

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: itswendy@rulnickrealty.com

Navarre FL Real Estate

Navarre Short Sales & Pre Foreclosure Help.

The post 6542 Watermark Cv, Lighthouse Pointe, Navarre FL – VA Compromise Sale first appeared on Rulnick Realty.

This home in Tom King Estates, Navarre Florida, has been approved for short sale.

The senior lien, Wells Fargo, had a balance of $230,000

The junior lien, HSBC, had a $65,000 balance.

The sale price was about  $185,000, so there were not enough funds to fully pay the senior lien.  In these short sale scenarios, the senior lien will normally pay an amount to satisfy the junior lien.  The “junior” might only release  its lien, not waive the deficiency. 

Initially, HSBC requested $6000 to approve the short sale. Wells Fargo, the senior lien, would only pay them $3700.  HSBC asked the seller to bring $1500 in additional funds.  The seller agreed, and the deficiency was waived by both Wells Fargo and HSBC.

If you need to avoid foreclosure by short sale for your home in Navarre, Florida, contact an experienced Navarre short sale agent.

It’s Wendy!

Wendy Rulnick, Broker, Rulnick Realty, Inc.

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

Email Wendy: itswendy@rulnickrealty.com

Navarre Florida Real Estate

Read Wendy’s Navarre Short Sale Blog

The post HSBC and Wells Fargo Approve Navarre FL Short Sale first appeared on Rulnick Realty.