Rulnick Realty is pleased to announce the hiring of Kathy Schwietz as Client and Marketing Manager in its Destin Florida office.. Kathy has 14 years experience in the field of real estate administration.   She excels in graphics, web design and print media advertising. Kathy is a well-versed photographer who has done aerial photography in the Destin Florida area. As Client and Marketing Manager for Rulnick Realty, Kathy will do everything from shooting new listing photos to transaction follow-up to ensure smooth closings. Also a licensed Realtor, Kathy also holds the Short Sale and Foreclosure Resource (SFR) designation.

Kathy has been coming to Destin her whole life to visit her Grandparents.  She is originally from the Pittsburgh, PA area and when she got both kids in college she said “I’m going to the beach!” She just loves living on the Emerald Coast of Florida, and is a great fit on the Rulnick Realty team.

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.

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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

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

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