Gorgeous VA Compromise Short Sale in Elliotts Point, Fort Walton Beach Florida. 118 Ferry Rd., NE has gleaming maple look wood floors in living room and dining rooms, very open floor plan with architectural sleekness.  Design includes kitchen with enormous pass through to dining and living area. Wood-burning fireplace and built-in shelves create focal point.  Large circular driveway.  This short sale home in Elliotts Point needs work, has active roof leaks and other issues, so CASH OFFERS ONLY CONSIDERED! This house cannot be financed with VA, FHA or most conventional loans. Easy commute to Eglin Air Force Base, Hurlburt Field and the beaches of Okaloosa Island and Destin.

118 Ferry Rd., NE, Fort Walton Beach Florida 32548 is a short sale offered for $167,500. Watch the virtual tour.

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, sells real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Seagrove Beach, Watercolor, Sandestin, Seaside, Rosemary Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Florida.

The post 118 NE Ferry Rd., Elliotts Point, Fort Walton Beach FL VA COMPROMISE SHORT SALE first appeared on Rulnick Realty.

This short sale at 811 Overbrook Dr., Fort Walton Beach Florida was just approved! Here are the details:

Senior Lien (first mortgage): PNC

Balance: $120,000 appr

Junior Lien (second mortgage): Bank of America

Balance: $90,000 appr

Market Value:  $190,000 app

This short sale was only “short” to the junior lien, Bank of America. What does that mean?  If a home sale nets more than a senior lien’s balance, they are paid in full, therefore they are not “short”. The junior lien will get whatever leftover proceeds there are after paying the senior lien and other closing costs, such as title insurance, commission, pro-rated taxes, state transfer taxes, etc.  In many cases, the junior lien in this type of transaction gets a substantially higher payment than a regular short sale, where typically all liens are short. In a normal short sale, the senior lien will pay the junior lien a standard amount, such as 10% of their balance or a HAFA amount of $8,500.00, for example.

This Overbrook subdivision, Fort Walton Beach Florida, short sale netted Bank of America about $50,000, with which they were quite happy.  They approved the sale in 45 days.

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 811 Overbrook Dr., Fort Walton Beach FL Short Sale Approved first appeared on Rulnick Realty.

This Fort Walton Beach Florida VA Compromise Sale home just went under contract after one day on the market. Located in the Overbrook subdivision at 776 Overbrook, it attracted multiple offers due to competitive pricing.  Some of the features of this home included striking ceiling heights, wood laminate floors, generous kitchen and Florida room.

The VA Compromise Sale is a type of short sale for home mortgage loans back by the Veterans Administration. This VA Compromise Sale is serviced by Bank of America. Some of the requirements to get a VA Compromise Sale approved are:

• The borrower (seller of the VA Compromise Property) must have a hardship
• A VA Appraisal must be conducted
• Net proceeds from the sale are to be a minimum of 85.05% of the appraised value.  This is a change in theprogram issued in October 2013 from prior years net value requirement of 88.13%.

This Fort Walton Beach Florida VA Compromise Sale will be transacted with Bank of America by fax and email, as opposed to most other Bank of America short sales which are processed through the Equator online platform.  The expected time for approval is about 60 days.

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

Fort Walton Beach VA Compromise Sale specialist

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 776 Overbrook Dr., Fort Walton Beach FL – VA Compromise Sale – Sold in 1 Day first appeared on Rulnick Realty.

This home at 334 Victoria Ave., Fort Walton Beach, Florida was approved for short sale and just closed.  Here are the details:

Senior Lien: Green Tree Servicing

Senior Lien balance:  $156,000

Junior Lien:  Green Tree Servicing

Junior Lien balance:  $40,000

Current Value: $135,000

Hardship: Military PCS (Permanent Change of Station from Eglin Air Force Base)

The senior Green Tree loan was backed by Fannie Mae, which considers military PCS a long-term hardship, offering short sale as an option. We had to provide a copy of the PCS orders to Green Tree to support the case.  I always recommend providing as much detail as possible to justify a hardship in a short sale situation, so we send in PCS orders automatically. Both the senior and junior lien for this Fort Walton Beach home were approved within 60 days. There was no deficiency judgment, no cash contribution and no promissory note due from the seller.

334 Victoria Ave., Fort Walton Beach Florida sold for $135,900.

If you are in a military PCS situation and are considering short sale,  if your loan is not backed by VA (VA Compromise Sale), find out if your loan is backed by Fannie Mae. Here is the link to the Fannie Mae loan look-up.  If it is a Fannie Mae loan, you can contact the Fannie Mae Help Center or give me a call to discuss your options.

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

Fort Walton Beach short sale specialist

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 Green Tree Approves Victoria Gardens, Fort Walton Beach FL Short Sale first appeared on Rulnick Realty.

Valencia Townhome in Fort Walton Beach. This is an JP Morgan Chase FHA HUD pre foreclosure short sale. A brick townhome with private fenced back yard. Needs work, but some started for you! Welcoming shutters and bay window. Living Room has new floor. Master bedroom has walk in closet and new carpet. Kitchen has pass-through breakfast bar. Half bath downstairs and full bath upstairs with the bedrooms. Bathroom shower nicely done with tile in shower. Backyard is private and has storage shed. Covered patio with extra storage room attached. Flooring needed upstairs in bedroom – just has subflooring.  Good commute to Eglin Air Force Base and Hurlburt Field

127 Valencia Dr., Fort Walton Beach Florida – Chase FHA HUD short sale offered for $58,900

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

Fort Walton Beach 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 127 Valencia FHA HUD Short Sale Fort Walton Beach FL first appeared on Rulnick Realty.

This home at 119 Mooney Rd., in the Garniers Heights subdivision in the Kenwood area of Fort Walton Beach, Florida, was just approved for short sale.  Here are the details:

Senior Lien: Bank of America

Balance: $400,000 appr

Junior Lien: Coastal Bank and Trust (formerly Vanguard Bank)

Balance: Cross Collateral loan

Current Market Value: $283,000 appr

Cash Required from Seller: -0-

Short Sale Deficiency: none

This Kenwood area Bank of America short sale was approved in about two and a half months.  The investor on the loan was Fannie Mae. Bank of America agreed to pay the junior lien, Coastal Bank and Trust (formerly Vanguard Bank) $3000 to release its lien. The property was a primary residence. The seller was not asked to contribute to the loss by either a cash contribution or promissory note. The rights to a deficiency judgment for the senior lien were waived.

If you need to sell your Kenwood home to avoid foreclosure, consult an attorney and an experienced Fort Walton Beach short sale agent.

Read more Fort Walton Beach short sale success stories

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

Fort Walton Beach short sale help

The post Kenwood, Fort Walton Beach FL – Bank of America Short Sale Approved first appeared on Rulnick Realty.

This home at 3021 Yorktown Circle, Fort Walton Beach Florida was just approved for Bank of America short sale.  Located in the Willow Bend area of Wright, near Eglin Air Force Base, it is being sold as an investment property.  The Bank of America approval time was lengthy, but the results successful. Here are the details:

First Mortgage: Bank of America

First Mortgage Balance: $83,000 appr

Second Mortgage: Bank of America

Second Mortgage Balance: $60,000 appr

Current Market Value: $80,000 appr

Mortgage Types: Conventional

Short Sale Deficiency: Waived

Seller Contributions: None

Notes: The approval time for this Willow Bend Bank of America short sale was almost four months. Why so long? Bank of America originally tried to process this file as a HAFA (Home Affordable Foreclosure Alternative), which it did not qualify for. Two weeks were lost.  A new negotiator took over the file. The contract had to be re-signed by all parties removing the property from a trust. The buyer was in a remote area and could not return documents for a week at a time. More days were lost.  Bank of America did not counter offer the contract price which was fair market value.  Both notes will be “settled” and there will be no deficiency judgment.  There was no request for seller cash contribution or promissory note,even though this was an investment property.

If you need to short sale your Willow Bend, Wright property, contact an experienced Fort Walton Beach short sale agent.

Read more Fort Walton Beach Florida short sale success stories.

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 3021 Yorktown, Wright, Fort Walton Beach FL – Short Sale Approved first appeared on Rulnick Realty.

Unique and elegant Bank of America short sale home at 119 Mooney Rd., in the Kenwood subdivision of Fort Walton Beach Florida. 10′ high ceilings in main living area, formal entry, transom and palladium windows, crown moulding, accent lighting, wood and tile floors. The kitchen gleams with black granite counters, Maple cabinets, stainless appliances, center island, plant ledges and breakfast bar in an open “great room” with views to the back yard. Two pantries, yes, two…! Living shines with multiple full length windows, dark laminate wood floors and corner gas fireplace, audio video center. Huge master suite has trey ceiling with accent lights, sitting area and two walk-in closets. Its bathroom is very refined and luxurious with custom mirror, long double vanity, whirlpool bath and large tile floor. The four bedrooms on the west wing are private from the rest of the house. One could be your perfect office. Outside there is a custom in-ground pool and oversized covered patio. This Kenwood home on Mooney Rd. is convenient to Eglin Air Force Base, Hurlburt Field and Fort Walton Beach Medical Center.

119 Mooney Rd., Fort Walton Beach FL – Bank of America short sale – offered for $325,700

The post 119 Mooney Rd,. Fort Walton Beach FL – With Pool first appeared on Rulnick Realty.

This is a fun home at 1215 Thomason Dr., with eclectic and enticing touches in Pine Meadows, Fort Walton Beach, FL. Some of the interesting elements are the arched pass-through from kitchen, repeating arch accent above kitchen entrance. Vibrant pendant lights above breakfast bar. Popping red tray ceiling, dining room with lively and inviting wall decor. Mostly tile and wood laminate floors. Big, fenced back yard with brick barbecue. New fence 2005. Air conditioner replaced within past 5 years.  Seller repairing French door and installing new pedestal sink.  Located in the Wright, Willow Bend area of Fort Walton Beach, this home is perfect for Eglin Air Force Base commuters. It is a Bank of America cooperative short sale.

1215 Thomason Dr., Fort Walton Beach FL – offered at $98,700.

It’s Wendy!

Wendy Rulnick, Broker, Rulnick Realty, Inc.

The post 1215 Thomason Dr., Pine Meadows, Fort Walton Beach Florida – Short Sale first appeared on Rulnick Realty.

 Do you love Elliotts Point in Fort Walton Beach Florida? This short sale home at 17 Okahatchee Circle will intrigue you.  The classic 1950’s white home stands out amongst mature trees on its corner lot. It is a charming 4 bedroom house with plentiful windows which add character. Spacious rooms with tile in the main living areas and carpeted bedrooms. There is a “matching” outside storage shed. This home needs a bit of work and updating.

 Elliotts Point is a very popular neighborhood in Fort Walton Beach Florida, with older classic homes. It is near boating on Choctawhatchee Bay, chic local restaurants and a short drive to the beaches of Okaloosa Island.  Commuting to Eglin Air Force Base is a breeze from this neighborhood.

The post 17 Okahatchee, Elliotts Point, Fort Walton Beach Florida – Pre Foreclosure first appeared on Rulnick Realty.