This Destin Florida VA Compromise short sale at 1014 Airport Rd., in the Quail Run subdivision, was approved in just six and half weeks. Here are the details of the short sale approval:
Mortgage: Bank of America
Mortgage Balance: $177,000
Market Value: $137,000
Notes: Bank of America does not process VA Compromise Sales through Equator. You must fax in a short sale package to 1-866-808-5050. To initiate a VA Compromise Sale, the seller must call Bank of America first at 1-800-669-6650 and request a short sale through his “Customer Relationship Manager”. We found this to be the lengthiest part of the approval process. The seller had to repeatedly call Bank of America to get his short sale activated. After the file was moved out of the initial department and assigned to a short sale negotiator, the process went rather quickly. A VA liquidation appraisal was ordered and returned within about a week. A Bank of America VA Compromise “Welcome” package was sent to the seller for his signature. His financial documents were analysed. The net proceeds were found to have met the VA Compromise requirement. Twenty days later, the Destin VA Compromise sale was approved.
“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]
SHOULD YOU SHORT SALE OR STAY CALCULATOR
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.