The post 3075 Border Creek Rd., Brooke Estates, Crestview FL – Short Sale first appeared on Rulnick Realty.
]]>
Lovely contemporary short sale home in Brooke Estates, northeast Crestview Florida. This newer house at 3075 Border Creek Road has eye appealing design with cathedralled living room open to kitchen. Deep red accent paint on plant ledge. Kitchen with breakfast bar, long counter space, large eat-in area. The formal dining room is off the wood laminate floored foyer with a half-wall. Master bedroom suite is huge! Includes crown moulding, deep red wall with chair rail, hallway to generous master bath. The back yard is big enough to grow tomatoes and play! Front entry punctuated by landscaped beds. Tennis courts and in-ground pool are nearby for community members. This Brooke Estates home with 4 bedrooms and 2 bathrooms is a short sale.
3075 Border Creek Rd., Crestview Florida – short sale – offered for $160,000
It’s Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: [email protected]
The post 3075 Border Creek Rd., Brooke Estates, Crestview FL – Short Sale first appeared on Rulnick Realty.
]]>The post Eagles Landing Crestview Florida – Bank of America Short Sale Approved first appeared on Rulnick Realty.
]]>
Time for Approval: 4.5 months
Notes: This short sale process was lengthy. Why? Bank of America does not handle its Ginnie Mae USDA short sales in Equator, their online processing platform. In addition, only a few negotiators at Bank of America are qualified to handle these type of files. The Ginnie Mae requirements are onerous. The package for Ginnie Mae consists of standard financial documents PLUS the following:
1. Verification of Information and Occupancy on a special form
2. The listing agreement MUST contain the following EXACT verbiage: “Seller may cancel this agreement prior to the ending date of the listing period without advance notice to the broker and without payment of a commission or any other considerations, if the property is conveyed to the mortgage insurer or the mortgage holder.”
3. Current, Non-Expired copy of MLS listing
4. Request for Pre-Foreclosure Sale and Affidavit (2 pages)
5. Purchase Contract with the following EXACT verbiage: “Sale is contingent upon the seller obtaining prior written approval of Bank of America”
Another cumbersome part of a Ginnie Mae short sale is that electronic signatures are disallowed. That means documents must be faxed or scanned, which takes more time than e-signatures.
What about the “other lien”? It was a homeowners association outstanding balance of about $5000. Ginnie Mae only agreed to pay $4000, but that amount was accepted as settlement in full by the HOA.
It’s Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: [email protected]
The post Eagles Landing Crestview Florida – Bank of America Short Sale Approved first appeared on Rulnick Realty.
]]>The post 104 Sandstone Tr., Redstone Estates, Crestview Florida Short Sale first appeared on Rulnick Realty.
]]>
Imagine – dim lights and glowing embers from your fireplace on a cool Crestview Florida evening. This elegant brick home in Redstone Estates is well suited to relaxing in style. The living room makes a statement with its dramatic fireplace and architectural elements. Find nooks, plant ledges and a cathedral ceiling which spans the kitchen, living and dining rooms. The center isle kitchen offers a pleasing view of the living spaces, and has wood laminate floors, pantry, breakfast bar and plentiful cabinets. The back yard is meant for grilling and chilling with a privacy fence and lots of room. Located south of I-10, commuting to Eglin Air Force Base, Duke Field and Destin Florida is a breeze.
104 Sandstone Tr., Crestview Florida – short sale – offered for $129,900
The post 104 Sandstone Tr., Redstone Estates, Crestview Florida Short Sale first appeared on Rulnick Realty.
]]>The post 2838 Tamiami Tr., Cherokee Bend, Crestview FL – Short Sale first appeared on Rulnick Realty.
]]>
The first thing you notice about this Cherokee Bend short sale home in Crestview Florida is the cheerful red shutters and brick touches. Step inside 2838 Tamiami Trail and you’ll find a roomy contemporary home with cathedral ceiling, open floorplan, neutral colors. Kitchen overlooks living room with breakfast bar, center island. Wood laminate floors for clean look. Big, fenced back yard with double gate and shed. Cherokee Bend is well-located in Crestview Florida, south of I-10 location for quicker commutes to Eglin AFB and Destin beaches.
2838 Tamiami, Crestview Florida short sale – is offered for $159,900.
It’s Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email Wendy: [email protected]
Crestview Short Sales & Pre Foreclosure Help.
The post 2838 Tamiami Tr., Cherokee Bend, Crestview FL – Short Sale first appeared on Rulnick Realty.
]]>The post 7435 Red Barrow Rd., Baker FL – Short Sale on 5 Acres first appeared on Rulnick Realty.
]]>
What a lovely setting in Baker Florida. This brick short sale farm house surrounded by fruit trees and situated on 5.4 sprawling acres. This quaint rustic home boasts a large front porch, built-in shelving in living room, a table-side fireplace in the kitchen and a wood burning stove in the Florida room. This Baker short sale might be the perfect place for you to start your small farm. Needs some updating of the carpet, etc.
7435 Red Barrow Rd., Baker FL short sale – offered for $134,900
It’s Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email Wendy: [email protected]
Baker Florida Short Sales & Pre Foreclosure Help.
Read Wendy’s Baker FL Real Estate Blog
The post 7435 Red Barrow Rd., Baker FL – Short Sale on 5 Acres first appeared on Rulnick Realty.
]]>The post I Got My Job Back! What Do I Owe You? first appeared on Rulnick Realty.
]]>
Yesterday I got an unexpected call. My Crestview Florida short sale seller has some good news! He had originally contacted me because his Fort Walton Beach company was downsizing. He had no choice but to relocate when they moved his position to another part of the state. His wife had also lost her job.
This Crestview Florida seller listed his property as a short sale, because he could not rent out his house to cover the mortgage payments. He also did not have funds to cover the mortgage balance if he sold, since the property was worth far less than the original purchase price. I had his house for sale for two months, and did my normal extensive online marketing.
When he called me he said his company was sending him back to Crestview! He missed the Fort Walton Beach area and would be able to move back to into his home. He had to settle up with Wells Fargo, his mortgage holder, because he was several payments behind due to his move. He told me he knew he owed me because of my time and expenses involved in marketing his house.
“What do I owe you?” He asked.
I told him, “Nothing! Just remember me next time you need to sell”. He said of course he would, since I was the first one he thought of when he listed! I was just happy for this rare story. A job saved, a family back home, and a foreclosure avoided.
It’s Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email Wendy: [email protected]
Crestview Short Sales & Pre Foreclosure Help.
The post I Got My Job Back! What Do I Owe You? first appeared on Rulnick Realty.
]]>The post GMAC Homecomings Financial Approves Crestview Florida Short Sale first appeared on Rulnick Realty.
]]>
GMAC Homecomings Financial has just approved the short sale for this Southway Estates home in Crestview Florida. The approvel time was an amazing 9 days! How so fast?
1. GMAC had a Broker Price Opinon, or property valuation, done prior to listing. They suggested a list price, although I was free to reduce the price based on market conditions.
2. There was a negotiator assigned at the start of the process.
3. We got a strong offer for fair market value, minimal closing costs and a buyer who put down earnest money.
4. We uploaded the seller’s financial and hardship information into GMAC’s online short sale platform, Equator.
Although we got a very speedy approval from GMAC, their system needs improvement. They provide a seller financial questionnaire at time of short sale. The responses on the form do not correspond to data entry fields in the Equator online system. For example, “What is the date the seller hardship started?”, etc. There were several questions where we had to call the seller for clarification.
Further, GMAC’s system has internal deadlines that could not be extended, requiring short turn-around for entry. When we told the GMAC negotiator some of the financial information did not correspond to their forms, we were told to “do the best” we could with the system.
And we did. Approved in nine days!
It’s Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email Wendy: [email protected]
Crestview Florida FL Real Estate
Crestview Short Sales & Pre Foreclosure and HAP Help.
Read Wendy’s Crestview Real Estate Blog
The post GMAC Homecomings Financial Approves Crestview Florida Short Sale first appeared on Rulnick Realty.
]]>The post 310 Apple Drive, Southway Estates, Crestview Florida – Short Sale first appeared on Rulnick Realty.
]]>
Looking for a cheerful home south of I-10 in Crestview Florida? This Southway Estates short sale home fits the bill! 310 Apple Drive has an open floorplan, with your kitchen’s breakfast bar overlooking the living room. Bright kitchen has window over sink and center island. Sliding glass doors open to patio and fenced back yard. Neutral decor would welcome your artwork. Air conditioner two years new. This Crestview Florida short sale home has a suggested list price from the lender, GMAC.
310 Apple Drive, Crestview Florida – offered at $85,000
It’s Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email Wendy: [email protected]
Crestview Short Sales & Pre Foreclosure Help.
Read Wendy’s Crestview Real Estate Blog
Wendy is a short sale and pre-foreclosure specialist and has been featured in “Kiplinger Personal Finance Magazine” and “Florida Realtor Magazine”. Call Wendy Rulnick, Broker/Owner,to list and sell your home or condo on the Emerald Coast of Florida in Walton, Okaloosa and Santa Rosa County- Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field.
Subscribe to It’s Wendy’s Blog by Email
The post 310 Apple Drive, Southway Estates, Crestview Florida – Short Sale first appeared on Rulnick Realty.
]]>The post Is Being “Good to Work With” Key to Short Sale Approvals? first appeared on Rulnick Realty.
]]>
I was stunned and delighted to receive this email from a Bank of America VA short sale negotiator:
Hey Wendy,
I was able to push through the approval much faster than normal. You have been very good to work with so wanted to do what I could to get it approved. 🙂 Thanks!
WOW! It was exactly 30 days after sending in the short sale package to Bank of America, that my Crestview Florida listing was approved. It was a VA Compromise Short Sale, so those must be faxed in versus using Equator. I did have luck on my side, as the property had an existing VA appraisal that was still in effect from earlier this year. (In case you didn’t know, VA appraisals for compromise sales are good for six months.) And I knew exactly what net Bank of America needed to make the sale happen. We did not load up closing costs for the short sale lender to pay. Why waste time and submit something you know will be kicked out?
To be honest, I think this negotiator liked my responsiveness. He preferred to communicate by email, and I whip out responses so fast it can be shocking. I guess he liked that, too.
Anyway, next time you are negotiating your short sale- it’s something to think about. Are you “Good to work with?” And is that the key to short sale approvals?
It’s Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email Wendy: [email protected]
Crestview Florida Short Sales, VA Compromise Sales & Pre Foreclosure Help.
Read Wendy’s Crestview Real Estate Blog
The post Is Being “Good to Work With” Key to Short Sale Approvals? first appeared on Rulnick Realty.
]]>The post 4700 Falcon Way, Triple Lakes Estates, Crestview Florida – Short Sale first appeared on Rulnick Realty.
]]>
This vibrant people-pleasing Crestview Florida short sale home is in Triple Lakes Estates! 4700 Falcon Way has a newly tiled kitchen with bright window over sink. The stove and dishwasher are newer. New wood laminate floors in living room. Master bedroom has two closets, great for the lady of the house! French doors off dining to fenced back yard with large deck. Two driveways, two large (one huge!) sheds in back yard with driveway access to back on about one-quarter acre lot. ADT security system. New Trane air conditioner. Triple Lakes Estates, in Crestview Florida, is a great commuter location for Eglin Air Force Base and Duke Field.
4700 Falcon Way, Crestview Florida short sale – offered at $113,900
It’s Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email Wendy: [email protected]
Crestview Florida Homes for Sale
Read Wendy’s Crestview FL Blog
The post 4700 Falcon Way, Triple Lakes Estates, Crestview Florida – Short Sale first appeared on Rulnick Realty.
]]>