Do you think short sales are over on the Emerald Coast of Florida? They are not. In 2017, I’ve helped sellers from Sandestin, Destin, Miramar Beach, Florida to Navarre, Niceville, Crestview and more short sale their homes or investment properties, with prices ranging from $100,000 to almost $1,000,000! The market has recovered, but not completely. Many homeowners are still experiencing mortgage rate re-sets where their mortgage payments increase, relocation for employment, business failure, military PCS from Eglin AFB or Hurlburt Field, loss of rental income, divorce, job loss, etc. These hardships make paying their mortgages difficult or impossible, and their home’s value has not increased sufficiently to cover their first or second mortgage balances should they pursue a traditional sale. In these cases, short sale is still an option. Lenders are somewhat easier to work with than in years past, but not always. It depends on your particular situation.
Don’t stick your head in the sand if you’ve been receiving calls and notices from your mortgage lender because you are behind on your payments. You may be able to recover, save your credit and avoid foreclosure through short sale. I recently helped a couple who had about a $100,000 in credit card debt that they had built up to pay a mortgage they could no longer afford. They hired an attorney to help them with their debt consolidation and he suggested they also short sale their house. They were surprised and delighted that I got their house sold quickly and their Nationstar – Mr. Cooper short sale approved in 14 days! If you have missed mortgage payments already, be wary of parties who contact you with “built-in” investors to buy your home after discovering Lis Pendens notices in public records. Always check with a legal professional before proceeding, as some of these are scams.
Here is a “Thank you” I recently received from one of my Niceville Florida short sale sellers:
“Wendy, I want to say how thankful I am for how hard you fought for me. You’re AMAZING and I’m so grateful for you.”
To discuss your particular situation to see if short sale or VA Compromise Sale could help you, give me a call or send me an email, and consult with your attorney. I’ll be happy to give you my honest opinion.
It’s Wendy… It’s Sold!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-650-7883 ext 204
Email Wendy: firstname.lastname@example.org