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.

A VA Compromise Sale is similar to a short sale.  If you have a VA mortgage,  and need to sell your Navarre, Crestview, Fort Walton Beach or Destin home because you can no longer afford your mortgage payments, you may qualify for a VA Compromise Sale.  Your mortgage balance must be higher than the market value or anticipated sales proceeds, and you don’t have the cash difference to bring to closing.

Some of the requirements for a VA Compromise Sale are:

 1. You may only sell the home for fair market value. This value will be determined after you submit a contract to your mortgage lender, who is delegated to handle your VA Compromise Sale.  The VA appraisal is valid for six months.

2. The closing costs must be “reasonable and customary”.  

3. You must have a valid financial hardship such as loss of income, relocation (such as PCS move to a new base), death of breadwinner, etc.

4. There should not be a second mortgage on your property, unless it is “insignificant”.  VA may allow a small amount to pay your junior lien, but you might have to make other arrangements.

One of the biggest questions I receive about VA Compromise Sales from Eglin AFB and Hurlburt Field Airmen is:

“Will I be responsible to pay back the deficiency from the sale?”

VA says no – “If your loan closed on or after January 1,1990, you will owe the Government in the event of a default only if there was fraud, misrepresentation, or bad faith on your part.”

If you are are an Eglin or Hurlburt service member, or military retiree and need to sell your home as a VA Compromise Sale in Navarre, Fort Walton Beach, Crestview or Destin Florida, contact Wendy Rulnick today.

It’s Wendy!

Wendy Rulnick, Broker, Rulnick Realty, Inc.

Call 1-877-487-9639) or l850-650-7883 ext 204

Email Wendy: itswendy@rulnickrealty.com

Navarre FL Real Estate

Navarre Short Sales & Pre Foreclosure Help.

The post Holley by the Sea, Navarre FL – VA Compromise Sale Approved first appeared on Rulnick Realty.