I got short sale approval from Bank of America on April 28, 2010 for a townhome I have listed in Santa Rosa Beach, the deadline for the buyer to close is May 30th, 2010 The buyer started with Lender number ONE for their Conventional loan, and was told after two weeks that nothing had been done on the loan at all...NOTHING. They proceeded to a lender number TWO and started the process all over, now everything is done, the appraisal, the termite, we have a survey and the new lender Wells Fargo said they will not allow mortgage insurance on an attached unit forcing the buyer pay 20% down. This is the 27th of May and the buyer is going on to lender number THREE. In the mean time I will try to get the short sale lender to grant us an extension of time. Stay tuned for an update.
Our Beaches.....that is what brings most to the area. Once I saw this area I could not wait to get here for good. Now that I am here, I can't think of a place I would rather be, unless it is a few miles up or down the beach!!
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