Tuesday, June 11, 2013

4786 Shoal Lake Circle, Crestview FL - Bank of America Coop Short Sale

Shoal Lake Crestview
This is a delightful Crestview Florida home short sale home is south of I-10 in the Shoal Lake subdivision. It is in the Bank of America Cooperative short sale program.  That means that the price is pre-approved, and can change, so keep an eye on it. The property was originally listed for $139,900 and is now listed for $118,700.  Some advantages of the Bank of America "Coop" short sale program are a waiver of deficiency for the borrower, a possible cash incentive at closing, and a pre-approved list price. Pricing is not always an advantage, though. Sometimes Bank of America's price is not in line with the market.
If you have a Bank of America mortgage and need to short sale, you should explore your qualifications for a Coop short sale. If you have a VA loan, however, you'll have to do a VA Compromise Sale. If you have an FHA loan, you will need to do an FHA Pre foreclosure sale.  Other loans may qualify for the HAFA program or just be a traditional short sale. If you need help figuring it all out, give me a call.
Shoal Lake CrestviewShoal Lake CrestviewShoal Lake CrestviewShoal Lake Crestview
 It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204

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