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.

This Navarre short sale home in Tom King Estates stands out! 6890 Gaspar Ct is located at the end of a cul-de-sac, you’ll be amazed by the fantastic large lot. Truly park-like yard with custom Koi pond, waterfalls, and deck. Heated in-ground pool with salt water filter – five years old. Inside is anoher wow! Architectural elements, cathedral, recessed lighting. Kitchen has granite counters, wood cabinets, plant ledges and breakfast bar, lovely breakfast nook. Master suite has deep whirlpool tub. Office/bedroom has great built-ins and Murphy bed.

In-law apartment with private entrance, or may access main home, has full kitchen and bath. Home is “accessible” with universal design elements, wheel chair friendly. 24 x 16 shed with electric and a/c. 2-stage sprinkler system with timer. Low voltage exterior lighting, video security system, extra large water heater with heat pump. Vinyl and wood privacy fence. Generator and vinyl hurricane “Easy up and Down” shutter system.

6890 Gaspar Ct., Navarre Florida short sale – offered at $197,000

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 FL Real Estate

Navarre Short Sales & Pre Foreclosure Help.

Read Wendy’s Navarre  Florida Real Estate Blog

The post 6890 Gaspar Ct, Tom King Estates, Navarre Florida Short Sale first appeared on Rulnick Realty.