Another Crestview, Florida VA Compromise Sale approved! This home at 3009 Cabela Lane, Crestview FL 32539 had a speedy approval process – the second time. The first time, the buyer walked. Here are the details!
Mortgage Holder: Freedom Mortgage
Balance: $170,000 appr
Current Market Value: $110,000
Time for Short Sale Approval: 4 days
With a VA Compromise Sale, the appraisal on behalf of the lender and the Veteran’s Administration is called a “VA liquidation appraisal”. It is valid for six months. The net proceeds of the short sale must be at least 85.05% of the appraised value. Since the first buyer walked, the second buyer benefited from the appraisal already having been completed. This time, the short sale was approved in four days!
If you need to short sale your home anywhere on the Emerald Coast of Florida, give me a call. I can help.
It’s Wendy… It’s Sold!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: [email protected]
Wendy Rulnick, Broker, is a short sale and pre-foreclosure specialist and has been featured in “Kiplinger Personal Finance Magazine” and “Florida Realtor Magazine”. She has successfully helped hundreds of families avoid foreclosure through short sale along the Emerald Coast of Florida. Wendy Rulnick is knowledgeable in all aspects of short sale, including VA Compromise Sale, FHA HUD pre-foreclosure sale, HAP military PCS, HAFA, Bank of America Coop program and more. She is also co-founder of www.ShortSaleSuperstars.com and short sale instructor to agents across the United States. Wendy Rulnick sells real estate in Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Panama City Beach, Eglin AFB, Hurlburt Field.