The 11th Hour: Short Sale in Mary Esther FL
Friday: I took over a short sale listing in Mary Esther FL by referral two months ago. I found out about three weeks ago that a sale date had been set for MONDAY JANUARY 28. I have been dropping the price like a fall from a skyscraper, and finally got an offer LAST NIGHT. The price had to be lowered from 799,900 to 539,900 over the course of the last several weeks in order to get one offer. This is a waterfront home on the Santa Rosa sound near Hurlburt Field. Remodeled, over 3000 square feet, in-ground pool, granite, wood floors, fireplace in the master bedroom. The offer is at 489,000. We are scrambling to get the 51 page fax ready to go to Litton Loan Servicing with a stop order. This is what I am attaching to the fax with the relavent borrower information.
EMERGENCY STOP ORDER
SHORT SALE PACKAGE SENT TO LITTON LOAN
PLEASE STOP SALE DATE FOR MONDAY JANUARY 28 11:00 A.M.
CONTACT BROKER: WENDY RULNICK (850) 650-7883
Wish me luck.
Monday Morning Update: I called Litton as soon as they opened. They have stopped the foreclosure sale for 11:00 a.m. and placed a 30 day hold pending review of the short sale offer. This is a big “Whew”. I am actually going to take time for myself and go for a walk this morning. My next job will be getting the offer accepted.
Two Weeks Later: Offer has been approved! Short sale accepted!
