I was going to write a “Just Listed” post about this Destin Florida VA Compromise Sale townhouse.  I cannot, because I sold it too fast!  1014 Airport Rd, Unit 177, Quail Run, Destin Florida went under contract after four days on the market. Very well priced at $137,900, there was a buyer just waiting to buy this Destin VA Compromise Sale, Bank of America mortgaged, town home. Here is what I was going to write:

“Convenient and lovely brick neighborhood of Quail Run. Neat, clean and inviting! This end unit has an open floor plan with the kitchen overlooking the cathedraled living room. The master bedroom is on the main level. There are two additional bedrooms upstairs with a full bathroom. Central Destin location offers access to the beach, Henderson Beach, Destin Harbor and shopping at Destin Commons.”

Why did this Quail Run Airport Road townhouse sell in just four days? Perfect pricing! It was listed at $137,900. (I will reveal the sale price when it closes after short sale approval.)  What are the next steps? We will fax Bank of America the listing agreement, contract, preliminary settlement statement (HUD), buyer proof of funds and seller hardship letter with military PCS (permanent change of station) orders.  After a couple of weeks, Bank of America will email us a VA “Welcome Package” with additional forms for the service member to fill out and/or provide.  There will be a special VA appraisal ordered of the property. After the seller’s information is analyzed and the contract’s net proceeds to be determined to be at least 88.13% of the appraised value, an approval will be issued.  The buyer will be given about 30 days to close.  The seller is also eligible to receive a $1500 VA Relocation Credit.

Do you have a VA backed mortgage and need to sell your Destin Florida home? Give me a call. I can explain the VA Compromise Sale program and how it may affect you.  850-650-7883

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 Short Sale Agent

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.

The post 1014 Airport Rd. Quail Run, Destin Florida VA Compromise – Short Sale first appeared on Rulnick Realty.

1137 Bay Court, Bayview Manor, Destin Florida, was just approved as a VA Compromise Sale.  The VA Compromise Sale program is helpful for homeowners who have a VA mortgage, and fall into financial hardship.  Like a short sale, it allows the borrower to sell their property when the market value is less than the remaining loan balance.  Here are the details of this Destin Florida VA Compromise Sale:

Mortgage holder: Bank of America

Original VA Mortgage: $262,000 appr

Current Market Value: $238,000 appr

Time for Approval: 80 days

Short Sale Deficiency: none

Bank of America’s processing of VA Compromise Sales can take longer than other short sales. Why? They have fewer “negotiators” who can handle these type of files. VA short sales are not processed through Equator, which Bank of America uses for non-government short sales. Many Eglin Air Force Base or Hurlburt Field service members have VA home loans. When faced with a required PCS (permanent change of station), in a down real estate market, they can use the VA Compromise Program to avoid foreclosure. Other options are the military’s HAP (Homeowner Assistance Program), traditional short sale, renting out the property, or bringing cash to cover the deficiency.

Do you have questions or need help with a potential VA Compromise Sale in Destin Florida or the surrounding towns of Crestview, Niceville, Navarre or Fort Walton Beach? Email me at itswendy@rulnickrealty.com

The post Destin Florida VA Compromise Sale Approved by Bank of America first appeared on Rulnick Realty.

Beautiful short sale home in the heart of Destin Florida in Bayview Manor. The yard is a dream – deep, with lovely trellises, and a big screened porch to enjoy it all. Inside you’ll find contemporary flair with cathedral and trey ceilings. Fun kitchen with a tile center island and creative track lighting. Much of the flooring is tile. Berber carpet upstairs and in all 3 bedrooms. Nearby – Joe’s Bayou to launch your boat or bring your fishing pole.  Also, nearby, Destin Harbor, shopping and great places to eat.

This Destin Florida home is a VA Compromise Sale with one mortgage.

1137 Bay Ct., Destin FL – Bank of America short sale – offered for $237,900

What is a VA Compromise Sale?

Why should I VA Compromise Sale?

VA Compromise Sale Q&A

The post 1137 Bay Ct., Destin Florida – VA Compromise Sale first appeared on Rulnick Realty.