Miracles?  Saxon Mortgage quickly approving a short sale? Compared to Saxon horror stories of the past, this Mack Bayou, Driftwood Estates short sale in Santa Rosa Beach Florida - was a dream!  Here is the story:

Property:  House in Driftwood Estates, Santa Rosa Beach, FL

Mortgage:  Saxon - balance $300,000

Offer:  about $190,000

Promissory Note:  -0-

Cash Contribution:  -0-

Approval Time:  15 days! 

Keys to Approval:  Strong contract at fair market value, no extraneous closing costs, complete short sale package prepared.  Diligent follow up by listing agent with Saxon.

If you need to avoid foreclosure, and do a Santa Rosa Beach short sale, consider hiring an experienced Santa Rosa Beach short sale agent.

It's Wendy! 

This unusual duplex in Seagrove Beach, Florida, adjacent to Seaside, was just approved for short sale.  This property is less than one block to the Gulf of Mexico.

Lender:  Aurora Loan Services

Mortgage Balance:  $875,000 appr

Sale Price:  $325,000 appr

Approval Time:  84 Days

Note:  This quick approval for an Aurora Loan Services short sale was amazingly fast.

If you need to sell your home as a short sale in Seaside, Seagrove Beach, Watercolor or Rosemary Beach, Florida, it is best to hire an experienced short sale agent.

It's Wendy!

Saxon  Mortgage Approves Short Sale- 83 Albatross Court 

This is not your average approval for a short sale property in Santa Rosa Beach Florida.  The senior lien is Saxon Mortgage.  The junior lien-  Citi Mortgage.

Citi is owed about $99,000 as a junior lien and requested $24,000 to release their security interest. "Ha!" You laugh, "$24,000?" That is insane!  But Saxon Mortgage agrees to pay Citi 10% of their outstanding balance, or $9,946.

Of not happy note, is the statement that any extensions beyond the closing date will result in 1% commission cut.  That is fascinating, as I will try to prevent hurricanes or other acts of G-d that might delay a closing!

This successfully closed three weeks later!

Contact Wendy Rulnick for Help with Your Santa Rosa Beach and Seagrove Beach Short Sales

 

BB&T Corporation has approved one of my listings for a short sale in Santa Rosa Beach Florida. From my experience, it was a very smooth and expedient transaction.  Details:

Hardship:  Homeowners in sales - decreased income, medical expenses

Property: Santa Rosa Beach cottage style home, built in 2004, 1900 square feet

Lender:  BB&T - 80-20 First and second

Mortgage Balance:   $370,000

Offer:  $175,000 (fair market value)

Seller Contribution:  $20,000 promissory note

Debt Forgiven:  $175,000

Approval Time:  35 days from fax to finish

It's Wendy!

Contact Wendy Rulnick for Help with Your Santa Rosa Beach and Seagrove Beach Short Sales