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 Read Wendy's Navarre Short Sale Blog Wendy is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". Call Wendy Rulnick, Broker/Owner,to list and sell your home or condo on the Emerald Coast of Florida in Walton, Okaloosa and Santa Rosa County- Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. 
This home in Tom King Estates, Navarre Florida, has been approved for short sale.
The senior lien, Wells Fargo, had a balance of $230,000
The junior lien, HSBC, had a $65,000 balance.
The sale price was about $185,000, so there were not enough funds to fully pay the senior lien. In these short sale scenarios, the senior lien will normally pay an amount to satisfy the junior lien. The "junior" might only release its lien, not waive the deficiency.
Initially, HSBC requested $6000 to approve the short sale. Wells Fargo, the senior lien, would only pay them $3700. HSBC asked the seller to bring $1500 in additional funds. The seller agreed, and the deficiency was waived by both Wells Fargo and HSBC.
If you need to avoid foreclosure by short sale for your home in Navarre, Florida, contact an experienced Navarre short sale agent.
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude
Wendy - once again you have negotiated a successful solution. Good work for your sellers. Hope all proceeds well.
Jeff
Dec 27, 2010 12:37 PM
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County
Congrats on the short sale approval. I've been following your notes on facebook, and am pleased that you are well. Best wishes for an awesome 2011.
Dec 27, 2010 01:20 PM
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate
Ending the year going strong Wendy! Keep the momentum up for 2011 - Nice work.
Dec 27, 2010 11:18 PM
Rulnick Realty, Inc. - Destin, FL
"It's Wendy... It's Sold!"
Thank you, Jeff!
Melissa - Thank you for your wishes! It was tough to even crank out :)
Gabe - I like that thought, the same back to you.
Dec 28, 2010 02:04 AM
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Author Bio: Wendy Rulnick, Rulnick Realty, Real Estate Broker in Destin Florida and all surrounding towns
The market. Smart sellers. The Emerald Coast of Florida.
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