Wednesday, May 5, 2010

Bancorp South Approves Destin Florida Short Sale Condo


Bancorp South has approved a condo short sale in Harbor Plantation, Destin Florida. Bancorp South primarily operates in the Southeast. Bancorp South does not process short sales like the major lenders (Bank of America, Wells Fargo, etc). Instead they rely on a local attorney who represents them and reviews comparable sales. It removes many layers of processing. Here are the Destin short sale details:

Property: Destin condo in Harbor Plantation

Mortgage: Bancorp South - balance about $650,000

Offer: about $325,000

Time for Approval: 40 days

Notes: Bancorp South removes their lien at closing, but deals with the deficiency later

If you need to avoid foreclosure, and do a Destin, Florida short sale, consider hiring an experienced Destin 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

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