Wells Fargo just approved this short sale at The Oaks condo complex in Niceville Florida.  The approval time was less than 60 days, despite Wells Fargo’s taxing use of the Equator short sale processing system.  Here are the details:

Mortgage Holder: Wells Fargo

Balance: appr $190,000

Sales price: appr $82,000

Waiver of Deficiency: yes

Seller contribution: yes

This Oaks condo in Niceville was an investment property. Often, a short sale seller will be asked to “contribute” to participate in the loss when that is the case.  The seller agreed to contribute about $1200, which was negotiated down from Wells Fargo’s initial request.  The seller received a full waiver of deficiency, meaning, Wells Fargo and the investor on the loan would cancel the rest of the debt, and not seek to collect the balance.

If you need to short sale to avoid foreclosure, contact an experienced Niceville short sale agent.

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

The post The Oaks Niceville Florida Short Sale Approved first appeared on Rulnick Realty.

Charming Niceville short sale condo in the popular development of The Oaks. The location is premium with Eglin Air Force Base less then 15 minutes away, and less than 1 mile to the Elementary, Ruckel and Niceville High Schools. The large living room features a vaulted ceiling and balcony.  There is tile flooring in the kitchen, foyer and bathrooms. You’ll find plenty of room in the dining room and the bright kitchen.  For relaxing, take a plunge in the community pool, or medidate in  the gazebo. Built in 2002, The Oaks short sale condo is about 1000 square feet, with two bedrooms and two full baths.

The Oaks, 1501 Partin Dr., #233, Niceville FL 32578 – offered for $108,900

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

Niceviille FL Short Sales & Pre Foreclosure Help.

The post The Oaks, 1501 Partin Dr., #233, Niceville FL 32578 – Short Sale Condo first appeared on Rulnick Realty.