Holiday Shores - Rulnick Realty

Holiday Shores, Miramar Beach FL – Short Sale Approved – Green Tree

Wendy Rulnick — Tue, 18 Sep 2012 17:38:19 +0000

This Miramar Beach home at 897 Shore Drive was just approved for short sale by Citi and Green Tree. It was a beautiful home, so went under contract quickly (AND got a speedy approval).

Senior Mortgage: CitiMortgage

Balance: $285,000 appr

Junior Mortgage: Green Tree

Balance: $60,000 appr

Current Market Value: $180,000 appr

Days for Approval: 45 days total

Seller Contribution: -0-

Deficiency Judgment: none

Notes: Citi speedily approved this short sale in about 30 days. After the seller provided all the standard documents, including tax returns, IRS 4506-T, hardship letter, bank statements and proof of income, the file was assigned to a specialist. Citi agreed to pay Green Tree $6000. Green Tree approved the file in a total of 45 days. Green Tree recovery department initially handled the file, and requested the seller schedule two payments, which is unusual in a short sale, but sometimes seen when the file is in “recovery”. All in all, it was a very quick process from both Green Tree and Citi, and the seller has no deficiency judgment.

If you need to short sale your Miramar Beach Florida home, hire an experienced Miramar Beach Florida short sale agent.

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

Miramar Beach short sale help

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 Holiday Shores, Miramar Beach FL – Short Sale Approved – Green Tree first appeared on Rulnick Realty.

897 Shore Dr., Holiday Shores, Miramar Beach FL – Short Sale

Wendy Rulnick — Fri, 20 Jul 2012 22:04:51 +0000

This is a spiffy Miramar Beach Florida short sale home with fun touches and updating. 897 Shore Drive, in the Holiday Shores subdivision has a screened-in in-ground pool, hot tub and lovely yard for outdoor enjoyment. The kitchen, with breakfast bar, has stainless steel appliances, pendant lights and is open to the living room. From the dining room, step down to the family room with gas fireplace which opens to the outside. This Holiday Shores home is on a corner lot, with a peek of Choctawhatchee Bay across the street.

897 Shore Drive, Miramar Beach FL – short sale – offered for $177,900

It’s Wendy!

The post 897 Shore Dr., Holiday Shores, Miramar Beach FL – Short Sale first appeared on Rulnick Realty.

303 N Holiday Rd., Miramar Beach FL – Short Sale Approved in 60 Days

Wendy Rulnick — Thu, 12 Jan 2012 14:49:24 +0000

This home at 303 N Holiday Rd., Miramar Beach Florida was just approved for short sale. This was the second buyer for this home in Holiday Shores, as the first buyer defaulted (failed to close). There was only one mortgage holder. According to Bank of America, the property did not qualify for the HAFA program, so we did a traidtional short sale. Here are the details:

Lienholder: Bank of America

Mortgage Balance: $244,000 appr

Reason for Short Sale: Income reduction

Appr Sale Price: $175,000

Seller Cash Cont: -0-

Seller Promissory Note: -0-

Waiver of Deficiency: Yes

Time for Approval: 60 days

Notes: Bank of America initially asked the seller for a cash contribution. To obtain a waiver, we had the seller write an additional letter explaining why a cash contribution could not be made. This was uploaded into the Equator system and the Holiday Shores short sale was then approved.

If you need to short sale your Miramar Beach Florida home, consult with an attorney and an experienced Miramar Beach short sale agent.

The post 303 N Holiday Rd., Miramar Beach FL – Short Sale Approved in 60 Days first appeared on Rulnick Realty.