Under contract-accepting backup offers. Short Sale. Unapproved short sale. This home will be sold As-Is- most likely will need to be razed or raised. It has already been gutted. The seawall and the pool will need extensive repairs. Currently listed at a price to allow mortgage, and selling fees and costs to be covered, however it is not taking into account for repairs. An appraisal will adjust this listing price to one that should be acceptable by the lender. Due to the substantial damage the FEMA 50% rule will most likely apply. Please make offers accordingly. Value is in the land. Short sale buyer approval is required and can take months for approval, no creative deal structuring, no sight unseen offers. Cash or hard money
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