Fort Walton Beach Realtors - Rulnick Realty

27 9th St., #1, Country Villas, Shalimar Florida – 32579 – Short Sale

Wendy Rulnick — Wed, 09 Jun 2010 21:49:38 +0000

This Shalimar Florida short sale townhome is an end unit. Beautiful upgrades includes: new carpet, new wood-laminate flooring, freshly painted walls, new ceiling texture, upgraded kitchen cabinets and upgraded upstairs bathroom. Two roomy bedrooms. Convenient inside laundry room with an exterior door that leads out to a large exterior wooden deck installed less than one year ago. Roof was replaced apprx. 5-6 years ago. Large corner lot for more privacy and ample parking. Park-like back yard for playing and relaxing. This Shalimar Florida short sale is a few minutes from Eglin Air Force Base and also a quick drive to Hurlburt Field. Remember, the beach of Okaloosa Island are nearby, too! The short sale lender is Bank of America, so expect an approval within 60-120 days.

Offered at $69,900.

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

Shalimar Florida Real Estate

Fort Walton Beach Short Sales & Pre Foreclosure Help.

Read Wendy’s Fort Walton Beach Real Estate Blog

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1814 Pointed Leaf Lane, Fort Walton Beach FL Short Sale

Wendy Rulnick — Sun, 03 May 2009 15:29:10 +0000

Forest Oaks – Short Sale

1814 Pointed Leaf Lane, Fort Walton Beach FL 32547

This Fort Walton Beach townhome, near Lewis Turner and Beal Parkway has a pleasant layout, with open floorplan. Living room open to kitchen. One of the bedrooms has its own balcony. Fenced back yard, plus garage! 1329 square feet, 2 bedrooms. This townhome is a short sale, convenient to Eglin Air Force Base, Hurlburt Field, Santa Rosa Mall, and of course, the gorgeous Emerald Coast beaches. Offered at $119,900

It’s Wendy!

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

Fort Walton Beach FL Real Estate

Fort Walton Beach FL Short Sales & Pre Foreclosure Help.

Read Fort Walton Beach Real Estate Blog

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

Email Wendy to sell your home or buy a home: itswendy@rulnickrealty.com

Call Wendy Rulnick, Broker, to list and sell your home or condo or help you buy a home or rental property 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. Wendy is a short sale and pre-foreclosure specialist and can help you sell or buy a short sale property in and around Destin Florida and the Emerald Coast.

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Washington Mutual Won’t Waiver

Wendy Rulnick — Wed, 05 Nov 2008 00:10:48 +0000

I recently had a Fort Walton Beach FL Short Sale approved by Washington Mutual (WAMU). In this case, WAMU was the junior lien, the first was Citi Mortgage. There was enough from the sale proceeds to satisfy Citi’s mortgage balance, so the only approval necessary was from WAMU. As with all Short Sales, we know to provide a preliminary settlement statement (HUD) with the package to the seller’s lender. This is a guide upon which the lender bases its approval. As a rule and for the sake being conservative, I instruct the title agent preparing the HUD to overestimate the prorations. Why? In Florida, property taxes are paid one year in arrears, so there is typically a credit from seller to buyer at closing. (In some other states, property taxes are paid in advance.) So in order to prepare for a long-delayed lender approval, I may use a closing date four to five months out. The settlement statement will show the seller crediting a higher amount of taxes to the buyer. That way there won’t be a last-minute problem with proceeds to the Short Sale lender being too low to meet the amount on the approval letter. They will usually get more than their stated approval amount using this method. The same technique applies to condo or association fees, or other prorations. If there is a problem meeting the exact approval amount because prorations are off, normally Short Sale lenders understand, and will issue a revised approval letter with adjusted figures. I don’t like taking the risk, so I choose to overestimate.

Now, back to Washington Mutual. In the Fort Walton Beach Short Sale, WAMU asked for the payoff amount from Citi (the first) to be used exactly in the preliminary HUD. Unfortunately, the Law Office of David Stern, who was handling the foreclosure on this Citi mortgage, would only provide a payoff for a month. WAMU issued its approval letter about two weeks after receiving the payoff. The buyer took four more weeks to close. The payoff to Citi increased- of course. The HUD was redone prior to closing, showing a now-lesser amount to WAMU. WAMU did not care. They were immovable. They refused to adjust their approval amount even with proof of the new figure required to satisfy the first mortgage. Guess who paid the difference? I lost some respect for WAMU that day.

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Rulnick Realty Grows Again in Destin Florida

Wendy Rulnick — Thu, 23 Oct 2008 18:03:21 +0000

Wendy Rulnick, Broker/Owner of Rulnick Realty in Destin FL, is proud to announce that Norma Roy has joined the firm. Ms. Roy has been a licensed Realtor since 1972. She brings a vast knowledge of real estate from land purchase to final development and construction of homes. Having worked in the local area in Okaloosa and Walton counties she has successfully marketed several sub-divisions from start to finish. Some of her projects include: Destin FL homes: Bonvillas at Bayside, Bonair at Bayside, Ridgewood Manor, Etretat; Santa Rosa Beach FL homes: Escada homes and townhomes; Fort Walton Beach properties: Forest Cove, Springgate, Atwater, Live Oak Manor; Crestview homes: Holly Rod Park.

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.”

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Washington Mutual Approves Short Sale

Wendy Rulnick — Thu, 09 Oct 2008 18:17:39 +0000

Washington Mutual Approves Short Sale

My most recent approval was received this morning, approximately seven weeks from submission, from Washington Mutual. It was a very smooth transaction. Here is the summary:

Property: House in Fort Walton Beach Florida

Value and Offer: About $110,000

First Mortgage: CITI owed about $70,000

Second Mortgage: Washington Mutual owed about $90,000

Hardship: Medical

Package Submitted: August 13

Appraisal Ordered: September 3

Approval Email: September 30

Factors: First mortgage, Citi, was in collections, but not in a short sale position, since net was enough to cover full balance- so only needed approval from WAMU

Delays: Washington Mutual “lost” Letter of Authorization and “lost” part of the ahort sale package

Overall, this was a quick and mostly problem-free Fort Walton Beach short sale.

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