This beautiful home at 610 Adams Drive, Crestview Florida was just approved for short sale by GMAC. 


Mortgage Type:  FHA /HUD

Approved Price:  $115,000

Approval Time:  108 Days

Sales notes:  Since this was an FHA/HUD short sale, special procedures had to be followed.  The seller was required to write a letter explaining why the home was vacant.  FHA short sales typically require the owners to occupy the property.  In addition, because of the HUD short sale guidelines, the approval stated the sellers would receive $1000 upon closing.

Let Wendy Help You With Your Crestview Short Sales

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This site, Wendy Rulnick or Rulnick Realty, Inc. is not providing legal or tax advice.  The information provided is for educational and informational purposes only.  It is recommended that sellers considering a short sale should consult an independent legal and tax advisor for more information. 

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