No Price Too Big or Little If You Need To Sell Your Destin Florida Short Sale

Today I received a call from a potential Destin Florida short sale seller, timid to speak with me.  Why?  She had been told by the previous real estate agent she contacted, that listing her home was not worth her time!  Why? It seems this property was worth under $100,000 and would be “a lot of work”.  The poor seller, who lost her job, told me she was hesitant to even contact another agent, thinking no one would help her. I told her, “Sure, a short sale is a lot of work, but this is what I do.”  I then explained the process of gathering documents, pricing, follow up and time involved in a short sale.  I concluded with, “Of course, I can help you.”  She was almost stunned into silence.

Conversely, I’ve had sellers contact me with Destin luxury properties that were once valued at almost $2,000,000.  They tried to hold on to their investment condos or homes and waited until they were well into the foreclosure process before they started a short sale.  Why?  Because they could not admit they needed help and thought something “might change”.  They drained almost everything from their savings and retirement plans to make payments.  These sellers waited until it was almost too late for short sale assistance. 

Bottom line – don’t wait and don’t hesitate if you are falling behind in your mortgage payments or are about to!  It doesn’t matter if your Destin Florida property is worth $60,000 or $1,000,000, you can be helped.  It doesn’t matter if you are upside down by $100,000 or $500,000, you can be helped. 

If you have one real estate agent tell you, “It’s too complicated”, “You are too close to foreclosure” or “It cannot be done” don’t give up.  If you have one agent tell you, “You are not worth my time” or “The loss is too great”, don’t listen. There is help for you to avoid foreclosure. Think about your future. Make another call.  The next one might be the right one. 

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

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

Read Wendy’s Destin Real Estate Blog

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I just had a Bank of America short sale closing for a home near Destin, FL.  BOFA issued TWO different approval letters for the same junior lien:

1.  Approval Letter Emailed:

Bank of America agrees to accept $1000.00 in certified funds as payment in full of the loan.  Upon the Bank’s receipt of the payment of $1000.00, the Bank will report the account to the credit bureaus as “Settled”, with the explanation “Account legally paid in full for less then the full balance.”:  In addition, the Bank will be reporting the amount of the debt forgiven to the Internal Revenue Service as required by the Revenue Reconciliation Act of 1993.

2.  Approval Letter Mailed Separately to Seller  – (Dated Same Date as Above Letter)

Bank of America agrees to accept $1000.00 as payment towards said loan.  Upon receipt of $1000, Bank will release the lien and charge off the remaining debt as a collectable balance.  Our recovery department will be in contact with you to make arrangements on this balance.  Will report the account to the credit bureaus as “charged off”, and show the balance remaining owed to Bank of America.

The bank insisted the sellers sign both letters.  If BOFA tries to collect on this balance, certainly the sellers can show evidence by the first approval letter that BOFA stated the loan was forgiven.  To say the least, Bank of America’s behavior is mystifying.

The post BOFA Issues 2 Contradictory Approval Letters! first appeared on Rulnick Realty.

1112 Airport Rd., Destin FL 32541

Roll up your sleeves… this Destin FL home is a project. You will need: 2 sinks/vanities for the bathrooms, kitchen cabinet fronts, an oven, floor tiles, paint, grass seed, and pick-up truck to haul away debris. You will get: a spacious home, adding square footage not included in the 1321 from partially finished garage- (could reconvert by the way), much tile, split floorplan, stone fireplace, large yard and 2006 roof with dimensional shingles. Seller says personal property will be removed.

List Price:  $138,000

The post Destin FL Property – Fixer-Upper first appeared on Rulnick Realty.

90 LegionPark Loop, Destin, FL (Miramar Beach ) 32550

The post Destin FL Short Sale – Bayview Home first appeared on Rulnick Realty.

Her background as a Sr. Accountant has been valuable in explaining costs of buying and selling to clients. Broker, Wendy Rulnick says: “Norma’s impressive resume and experience assure her clients the most professional real estate transaction.  She is a great asset to our company.” 

The post Rulnick Realty Grows Again in Destin Florida first appeared on Rulnick Realty.