This Green Tree and USAA short sale in the Beaver Creek subdivision, Crestview Florida, has been approved for short sale and closed today. The home at 127 Mill Pond Cove, had a senior lien serviced by Green Tree and was a Fannie Mae loan.  The junior lien was USAA.  In this case, Permament Change of Station (PCS) orders from Eglin Air Force Base was the reason for short sale. PCS orders are considered an acceptable hardship by Fannie Mae, who announced this year that there would be no cash contribution or promissory note required from the PCSing seller if the home was purchased before June 20, 2012 and had been a primary residence.

This Crestview Florida short sale was initially counter offered by Fannie Mae via Green Tree at a price much higher than the contract price.  I challenged the valuation through Fannie Mae’s Homepath website by providing comparable sales that supported the original offer.  One week later, Fannie Mae agreed to lower the price after reviewing my data.

This home at 127 Mill Pond, in Beaver Creek, Crestview Florida, sold for $120,700.

Here is the Fannie Mae bulletin that addresses the short sale PCS hardship and seller contribution.

Fannie Mae PCS Short Sale Update

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, is co-found of www.shortsalesuperstars.com 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 Green Tree, USAA Approve Crestview FL – Eglin PCS Short Sale – Beaver Creek 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.

This Green Tree short sale in the Holley by the Sea area, Navarre Florida, was just approved! Here are the details:

Address: 2643 Barefoot Creek Ci

Subdivision: Barefoot Creek near Holley by the Sea

Mortgage: Green Tree Servicing

Junior Liens: none

This was a speedy short sale – approved in only 60 days. Since the property was an investment property, we thought Green Tree via the investor would ask for a seller cash contribution at closing. They did not.  We obtained approval with a full waiver of deficiency.  Short sales with Green Tree will become more common in Navarre due to Bank of America releasing many of the loans they service to them and Nationstar Mortgage.  If you have a home with a Green Tree mortgage in Holley by the Sea, and need to short sale, give me a call.  I can help.

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

Navarre 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 Holley by the Sea Navarre FL – Green Tree Approves Short Sale first appeared on Rulnick Realty.

Three short sale liens? No problem! This home at 1616 Myrtlewood Dr., Parkwood Estates, Bluewater Bay in Niceville Florida was just approved as a short sale and is getting ready to close.  Here are the details:

Lien #1 (Also called “Senior Lien”): Green Tree

Lien #1 Balance:  $300,000 appr.

Lien #2: Green Tree

Lien #2 Balance: $60,000 appr.

Lien #3 (Another “Junior Lien”): Key Bank

Lien #3 Balance: $30,000 appr.

There were a few challenges with this Parkwood Estates short sale listing. First, Green Tree does not process multiple liens on one property together. This is unlike Bank of America.  We had to deal with two different negotiators at Green Tree, and the seller had to provide separate forms and financials for each lien.  That meant we had to do twice the amount of paperwork. Second, Green Tree can be less than business-like in their collections department, and that is where you apparently start with many Green Tree short sales.

The Green Tree junior lien representative from the collections department asked me: “Doesn’t the seller understand he signed a note stating he would make payments on the property?” That left me aghast. I could only say, “Ma’am, this is a short sale situation with a hardship and the seller is unable to pay.”  She already knew that, of course. She also said this would be “very difficult” unless he made a payment. Oh boy.  She then insisted on “mailing” me a package for the seller to fill out, not emailing or faxing. When I asked why she couldn’t fax it, she stuttered, “The fax machine is messed up.” Right!  I could “hear” her grin on the other end of the phone.

Key Bank was a bit slow processing the short sale. They eventually requested a promissory note from the seller, but then agreed to simply release their lien. The seller preferred to work with them separately after closing.

This property at 1616 Myrtlewood Drive, Parkwood Estates, Bluewater Bay, Niceville Florida should be closing soon.

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

Niceville 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 3-Lien Short Sale Parkwood Estates, Bluewater Bay Florida Approved first appeared on Rulnick Realty.

This Navarre Florida short sale has one mortgage with Green Tree Servicing. Green Tree has taken over the servicing of many of Bank of America’s mortgages.  You will be hearing more about them in the future. They currently don’t use the Equator platform that Bank of America does, but process short sales the “old fashioned” way, via fax and repeated phone calls.  This Green Tree short sale could take about 120 days for approval.

Some of the reasons this Holley by the Sea area home sold quickly were its condition, accurate pricing and comprehensive internet marketing.

It’s Wendy!

Testimonials from Wendy Rulnick’s Previous Sellers

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

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 2643 Barefoot Creek, Navarre Florida Home – Listing About Sold first appeared on Rulnick Realty.

This home at 1616 Myrtlewood Land, Parkwood Estates, Bluewater Bay in Niceville Florida is a short sale listing on its way to “sold!”  In the past ten days this home received five offers.  It is a lovely property with an in-ground pool and over 2100 square feet. Bluewater Bay is an attractive residential community because it is within 15 minutes to the Destin beaches and shopping, as well as a short commute to Eglin Air Force Base. Bluewater Bay offers gorgeous landscaped streets and amenities such as pools, tennis, marina, restaurants and golf.  This short sale listing in Parkwood Estates has Green Tree as its mortgage servicer.

Green Tree is taking over the servicing of many Bank of America mortgages, so you will be hearing more about them. My next post about this home at 1616 Myrtlewood will be about its short sale approval and impending closing.

If you need to sell your Parkwood Estates or Bluewater Bay home contact a Bluewater Bay short sale specialist.  I’m ready to help!

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

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 1616 Myrtlewood La, Parkwood, Bluewater Bay Florida – On Way to Sold first appeared on Rulnick Realty.

1616 Myrtlewood, Parkwood Estates, Niceville Florida – Green Tree short sale offered for $329,900

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

Bluewater Bay Short Sale Agent

SHOULD YOU SHORT SALE OR STAY – FREE 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 Parkwood Estates Green Tree Short Sale Bluewater Bay Florida first appeared on Rulnick Realty.

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