Friday, November 5, 2010

Lakeside at Blue Mountain Beach, Santa Rosa Beach FL - Regions Short Sale


This gorgeous home off 30-A in Santa Rosa Beach Florida has been approved as a short sale. Located in Lakeside at Blue Mountain Beach, next to Redfish Village, this home was architect-designed with two master bedrooms and many upscale finishes.

First Mortgage: Regions - balance about $750,000

Second Mortgage: Bank of America - balance about $85,000

Sale Price: about $375,000

Terms: Regions forgave about $350,000, but added $75,000 deficiency balance to another Regions-mortgaged property owned by the same seller. Bank of America settled for $9000, most of it paid from the proceeds of the sale.

If you are considering short sale to avoid foreclosure, hire an experienced Santa Rosa Beach 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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