Your High Dollar Loss Short Sale Can Be Approved
By Wendy Rulnick, "It's Wendy... It's Sold!"
(Rulnick Realty, Inc.)
Do you think your mortgage is “too upside down” to do a short sale? Think again. Many Sandestin Florida homeowners bought houses and condos with loans over a million dollars in 2004-2007. Today, those property values might worth one-half of their original purchase price. With such high dollar losses and faced with financial difficulty, many of these homeowners don’t think they have a chance at a short sale. Heck, even some real estate agents question me before showing my Sandestin listings. They say: “I checked public records. You have that property listed at a BIG loss from the original mortgage amount. Can you even get the short sale approved?” What? The loss amount? Why are you asking me that question? Any loss amount can be approved – if the other ingredients in the short sa...
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