This home in the Port Dixie neighborhood Shalimar Florida has been approved for short sale. There were two mortgages, Seterus(formerly LBPS), and CCO Mortgage for a total encumbrance of about $227,000. 

Senior Lien:  Seterus
Balance:  $190,000
Junior Lien: CCO
Balance: $37,000
Property Value: $140,000

This short sale was approved by Seterus in just four weeks. They allowed 6% of the junior lien balance to be paid to CCO. CCO took 120 days to approve the sale. Their reason for the delay was understaffing.  They required the seller to make a payment prior to closing.  Both lenders issued a full waiver of deficiency.  After approving the short sale, Seterus changed the locks on the house anyway.  This required a counter-lock change to give buyers access to do their home inspections.  All in a day’s work.

If you are considering short sale to avoid foreclosure, contact a Shalimar short sale agent.  We can write your success story together.

It’s Wendy!

The post Port Dixie, Shalimar Florida Short Sale Approved – Seterus and CCO first appeared on Rulnick Realty.

This Shalimar Florida short sale townhome is an end unit.  Beautiful upgrades includes: new carpet, new wood-laminate flooring, freshly painted walls, new ceiling texture, upgraded kitchen cabinets and upgraded upstairs bathroom. Two roomy bedrooms. Convenient inside laundry room with an exterior door that leads out to a large exterior wooden deck installed less than one year ago. Roof was replaced apprx. 5-6 years ago. Large corner lot for more privacy and ample parking. Park-like back yard for playing and relaxing. This Shalimar Florida short sale is a few minutes from Eglin Air Force Base and also a quick drive to Hurlburt Field.  Remember, the beach of Okaloosa Island are nearby, too!  The short sale lender is Bank of America, so expect an approval within 60-120 days.

Offered at $69,900.

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

Shalimar Florida Real Estate

Fort Walton Beach Short Sales & Pre Foreclosure Help.

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The post 27 9th St., #1, Country Villas, Shalimar Florida – 32579 – Short Sale first appeared on Rulnick Realty.