Another VA Compromise Sale was just approved in Crestview Florida! This house at 219 Limestone Ci. in the Redstone subdivision in Crestview, had a VA backed mortgage that was less than the market value. In this case, the Veterans Administration will often work with the military or retired military borrower and their mortgage lender, in this case, PHH Mortgage, to approve a sale for market value and forgive the deficiency.  The VA Compromise Sale is specific name for a VA short sale.  Note that the VA will appraise the property after there is a sales contract, not before. The net proceeds from the sale must be at least 85.05% of the appraised value. The net proceeds are what monies are left after all sales expenses are paid, for example, the title insurance, prorated taxes, state fees, like documentary stamps on deed in Florida, and Realtor commission.

If you are a service member or military retiree and you do a VA Compromise Sale, the portion of your entitlement used to obtain the mortgage won’t be available for a future VA loan unless you pay it back, but you may have remaining entitlement.  You can check with the VA Regional Office to get your specific entitlement figures. To find out more about doing a VA Compromise Sale for your Crestview Florida, Eglin Air Force Base and Hurburt Field area home, call me at 850-650-7883 ext. 204.

This home at 219 Limestone Ci., Crestview, Florida just sold for $122,000.

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com

Wendy Rulnick, Broker, has been featured in “Kiplinger Personal Finance Magazine” and “Florida Realtor Magazine”.  Wendy Rulnick sells real estate in Destin, Santa Rosa Beach, Miramar Beach, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Panama City Beach. 

The post Crestview Florida VA Compromise Sale Approved in Redstone first appeared on Rulnick Realty.

This Pinnacle Point short sale in Crestview Florida was just approved by Nationstar Mortgage and Bank of America with the HAFA program.  Here are the details:

Senior Mortgage: Nationstar (was service released by Bank of America)

Balance: $161,000 appr

Junior Mortgage: Bank of America

Balance:  $38,000 appr

Current Property Value: $130,000 appr

This HAFA short sale approval was a lengthy process. We started in April with Bank of America as the senior lien (mortgage), but they “service released” the file to Nationstar mortgage about two months after we started the short sale. This was unfortunate, as Bank of America was about to approve the file when it was moved to Nationstar. (Read “My Bank Changed in the Middle of My Short Sale, Now What?“) Nationstar stated they would not waste time, but use all the previous documents that had been provided to Bank of America. This was not the case. Almost four months later, the short sale was finally approved by both Nationstar and Bank of America. Because it was HAFA (Home Affordable Foreclosure Alternatives) short sale, the seller will received a monetary incentive at closing and a waiver of deficiency.

“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: itswendy@rulnickrealty.com

Short Sale Help for You

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.

The post Crestview FL Nationstar – Bank of America – HAFA Short Sale Approved first appeared on Rulnick Realty.

2801 Ping Lane is a short sale home in the Pinnacle Point subdivision, Crestview Florida. What a wonderful neighborhood with tree lined streets that make for lovely walks and bike rides.  This home has plenty of room. There is a fireplaced, cathedralled living room. The kitchen has generous cabinet and counter space with a large eat-in area. Three bedrooms. The master bedroom has a trey ceiling, walk-in closet and good storage in the bathroom. French doors to screened porch and roomy back yard. You’ll love the tranquil cul-de-sac location. Pinnacle Point is an excellent commuting location south of I-10 to Eglin AFB or beach access, especially when 85 connector is complete.

2801 Ping Lane, Pinnacle Point, Crestview FL 32539 is offered for $159,900.

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: itswendy@rulnickrealty.com

The post 2801 Ping La., Pinnacle Point, Crestview Florida – 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: itswendy@rulnickrealty.com

The post 3075 Border Creek Rd., Brooke Estates, Crestview FL – Short Sale first appeared on Rulnick Realty.

If you are in a Destin, Santa Rosa Beach or Navarre Florida short sale situation, you may have heard of HAFA, Home Affordable Foreclosure Alternatives.  If you qualify for this federal program, you may get waiver of deficiency, $3000 relocation fees and up to $6000 to pay off any junior mortgage lien.  The paperwork to get approved is not slight, but it might be worth it!   

What is the paperwork required for HAFA?

–Hardship Affidavit explaining your situation

–Request for Modification Affidavit (RMA)

-Utility bill (gas, water, electric, etc)

–Frank-Dodd Certification form acknowledging you have not been convicted of mortgage or real estate related crimes in the last ten years (including theft, fraud, larceny, forgery, money laundering, tax evasion)

-Your most recent tax returns with all schedules

-Last two paystubs or proof of other income, or if self-employed, last quarter or year-to-date profit and loss statement

-Copy of divorce decree

-Copy of death certificate if co-borrower is deceased

-Homeowners Association bill or statement showing dues

-Your most recent W2

-Power of attorney if applicable

Overwhelmed?  I’ll make it easy (or easier!) for you.  Call me for assistance with your Destin, Sandestin, Santa Rosa Beach, Crestview, Fort Walton Beach Florida HAFA short sale.

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: itswendy@rulnickrealty.com

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

The post How to Apply for Destin Florida HAFA Short Sale first appeared on Rulnick Realty.

Wonderful roof lines give your Southview Estates, Crestview Florida short sale home appeal! 322 Ray Avenue is a roomy split-bedroom floor plan with cathedral ceilings and lots of light. The living room is open to dining area. Galley kitchen has a pleasing window over the sink and huge walk-in pantry. Two secondary bedrooms are spacious. Master bedroom has vaulted ceiling, walk-in closet. Fenced yard. Double decks to above ground pool. Roof new in 2005. Home needs some cosmetics, such as carpet cleaning and a little trim painting, but is a lovable home in a great Crestview FL location south of I-10 for easy commutes to Eglin AFB. Buyer can have the darling dining room set, sofas, and other furniture, too, to help set up your new household!  This Crestview Florida home is a VA Compromise Sale with one lienholder.

322 Ray Avenue, Crestview FL short sale – offered for $71,900

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: itswendy@rulnickrealty.com

Crestview FL Real Estate

Crestview Florida Short Sales & Pre Foreclosure Help.

The post 322 Ray Ave., Southway Estates – Crestview FL – VA Compromise Sale first appeared on Rulnick Realty.

This Crestview short sale home is offered at $189,900.

It’s Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

Read Wendy’s Destin Real Estate Blog

Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204

Email Wendy: itswendy@rulnickrealty.com

The post 1160 Blackberry Circle, Countrywood Estates, Baker Florida – Crestview Short Sale first appeared on Rulnick Realty.