Friday, August 2, 2013

Sailwatch Landing Fort Walton Beach FL - SPS - PNC Short Sale Approved

Sailwatch Landing short sale 
SPS and PNC have approved this Sailwatch Landing condo in Fort Walton Beach Florida for short sale.
Here are the details:
Original Purchase price: $679,000
First Mortgage: SPS (Select Portfolio Servicing) ** note: this was originally a Bank of America loan that was "service released"
Balance: $530,000
Second Morgage: Etrade, serviced by PNC
Balance: $100,000
Market Value: about $280,000
This Sailwatch Landing condo, Fort Walton Beach, Florida short sale took 120 days for SPS to approve. They asked for a complete package three times. That was frustrating. ETrade, however, approved the short sale in 30 days. They initially asked for a promissory note from the seller. This was negotiated to a full settlement at closing in exchange for a seller cash contribution.
If you are thinking about selling your Fort Walton Beach house or condo as a short sale, give me a call. No matter how many liens you have, and whatever lenders, I will help you figure it out.
It's Wendy!
                                                                  Rulnick Realty 

Wendy Rulnick is the marketing choice for sellers on the Emerald Coast who want to list and get their homes and condos sold in Destin, Sandestin, Bluewater Bay, Santa Rosa Beach, 30-A, Watercolor, Seaside, Rosemary Beach, Seacrest Beach, Kelly Plantation, Regatta Bay, Destiny and more.
Co-Founder  national network
call Wendy 1-850-650-7883

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