This Pinnacle Point short sale in Crestview Florida was just approved by Nationstar Mortgage and Bank of America with the HAFA program.  Here are the details:

Senior Mortgage: Nationstar (was service released by Bank of America)

Balance: $161,000 appr

Junior Mortgage: Bank of America

Balance:  $38,000 appr

Current Property Value: $130,000 appr

This HAFA short sale approval was a lengthy process. We started in April with Bank of America as the senior lien (mortgage), but they “service released” the file to Nationstar mortgage about two months after we started the short sale. This was unfortunate, as Bank of America was about to approve the file when it was moved to Nationstar. (Read “My Bank Changed in the Middle of My Short Sale, Now What?“) Nationstar stated they would not waste time, but use all the previous documents that had been provided to Bank of America. This was not the case. Almost four months later, the short sale was finally approved by both Nationstar and Bank of America. Because it was HAFA (Home Affordable Foreclosure Alternatives) short sale, the seller will received a monetary incentive at closing and a waiver of deficiency.

“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

Short Sale Help for You

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 Crestview FL Nationstar – Bank of America – HAFA Short Sale Approved first appeared on Rulnick Realty.

If you are in a Destin, Santa Rosa Beach or Navarre Florida short sale situation, you may have heard of HAFA, Home Affordable Foreclosure Alternatives.  If you qualify for this federal program, you may get waiver of deficiency, $3000 relocation fees and up to $6000 to pay off any junior mortgage lien.  The paperwork to get approved is not slight, but it might be worth it!   

What is the paperwork required for HAFA?

–Hardship Affidavit explaining your situation

–Request for Modification Affidavit (RMA)

-Utility bill (gas, water, electric, etc)

–Frank-Dodd Certification form acknowledging you have not been convicted of mortgage or real estate related crimes in the last ten years (including theft, fraud, larceny, forgery, money laundering, tax evasion)

-Your most recent tax returns with all schedules

-Last two paystubs or proof of other income, or if self-employed, last quarter or year-to-date profit and loss statement

-Copy of divorce decree

-Copy of death certificate if co-borrower is deceased

-Homeowners Association bill or statement showing dues

-Your most recent W2

-Power of attorney if applicable

Overwhelmed?  I’ll make it easy (or easier!) for you.  Call me for assistance with your Destin, Sandestin, Santa Rosa Beach, Crestview, Fort Walton Beach Florida HAFA short sale.

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

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

The post How to Apply for Destin Florida HAFA Short Sale first appeared on Rulnick Realty.