Niceville Florida short sales - Rulnick Realty

Seminole, Niceville FL – USDA Short Sale Approved

Wendy Rulnick — Tue, 28 Aug 2012 16:41:51 +0000

This house at 1425 Hickory Lane, in the Seminole area of Niceville Florida, was just approved for Bank of America short sale closing. It was a long process, with delays due to department changes at Bank of America, but in the end – success! Here are the details:

First Mortgage Holder: Bank of America

Second Mortgage: None

Mortgage Type: USDA Ginnie Mae

Original Mortgage: $180,000 appr

Current Value: $70,000 appr

Deficiency Judgment: Waived

Seller Cash Contibrution: None

Seller Promissory Note: None

A USDA Ginnie Mae short sale (called ”pre foreclosure sale” at Ginnie Mae), is not processed through Equator, Bank of America’s online processing platform. Ginnie Mae does not issue a letter that states deficiency (or the remainder of your note after selling the property is waived).

USDA loss mitigation guidelines, however, state there is no pursuit for the balance of the unpaid note. I researched online and found the following information about USDA loans sold as short sales “A borrower who successfully sells the property securing the loan using the PFS option is relieved of the mortgage obligation. The borrower shall not be pursued for deficiency judgments by either the Servicer or the agency”. What other things should you know about USDA short sales? You must have a hardshp, be at least 31 days late on your mortgage payment or facing imminent default.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 Florida short sale agent

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 ofshort 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.

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Niceville Florida Bank of America Short Sale Approved

Wendy Rulnick — Mon, 25 Jun 2012 20:06:41 +0000

This home at 552 Woodlow Rd., Niceville Florida has been approved for short sale. Bank of America is the mortgage holder. It took 3.5 months to approve, but felt like a year. Why?

1. August 2011 – Bank of America assigned the file to a HAFA specialist before the home was under contract

2. October, 2011 – Bank of America sent an appraiser to the Niceville Florida home

3. After months of phone calls and follow ups, the file was “decommissioned” from the HAFA program

4. February 2012 – The Niceville Florida home goes under contract

5. March 30, 2012 – The Bank of America negotiator states she sent the file to the investor for short sale approval

6. April 6, 2012 – The negotiator says the investor requests additional documents, which we provide

7. May 4, 2012 – A “new” negotiator is assigned to the file. The previous negotiator had not responded to multiple inquiries. More documents are requested.

8. May 23, 2012 (can you believe this?) – The purchase price is countered by Bank of America/the investor

9. June 12, 2012 – The short sale is approved!

Was the process long? Yes. Arduous? Yes. Successful? Yes! If you need to sell your Niceville Florida home as a short sale, be sure to contact an attorney and a Niceville Florida short sale specialist.

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 Florida 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.

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933 Ridgewood Dr., Bluewater Bay, Niceville Florida – Short Sale

Wendy Rulnick — Tue, 24 Aug 2010 19:48:53 +0000

Fabulous Bluewater Bay Florida short sale home! 933 Ridgewood Way, Niceville, Florida, in the Woodlands has sunken living room with real hardwood floors, vaulted ceiling, wood-burning fireplace and wet bar. French doors in the separate dining room offer an incredible view of the pool and large patio. Eat-in kitchen has solid wood cabinets. Wood floors in dining room, bedroom and hall. New energy efficient doors and windows throughout the house. New AC/Heater. This Woodlands, Bluewater Bay, short sale has a very large, fenced landscaped lot with in-ground pool, new irrigation system, fruit-bearing trees and lots of palm trees.

As an owner in Bluewater Bay, you are open to the world of golf, swimming, tennis, marina, boating, dining and more. The Woodlands located five minutes from Destin Florida- and beaches, Destin Commons, movie theaters and fine dining.

933 Ridgewood Drive, Niceville Florida – offered for sale – $223,900

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

Niceville Florida Real Estate

Bluewater Bay Short Sales & Pre Foreclosure Help.

Read Wendy’s Niceville Florida Real Estate Blog

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Just Sold, Lot 5 Capri Cove, Lido Village, Bluewater Bay, Niceville Florida – Short Sale

Wendy Rulnick — Tue, 22 Jun 2010 16:56:00 +0000

This beautiful wooded lot on Capri Cove, Lido Village, just sold for $75,000 as a short sale. The parcel is one-half acre on a cul-de-sac. This great location in Bluewater Bay is a quick walk to the Bluewater Bay Tennis Center with 12 clay courts. Also, nearby- the Bluewater Bay Marina with 120 slips plus Schooner’s restaurant. Bluewater Bay is a phenomenel community with pools, golf, trails, playgrounds and more. Niceville Florida is the perfect commuting location for Eglin Air Force base, and just over the bridge from Destin Florida beaches and shopping.

If you need to sell your Bluewater Bay property as a short sale, consider hiring an experienced Niceville short sale agent.

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.

Read Wendy’s Destin Real Estate Blog

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GMAC Approves Niceville Florida Short Sale

Wendy Rulnick — Wed, 12 Aug 2009 13:52:08 +0000

Wendy Rulnick successfully negotiated short sale approval for a waterfront townhome in Niceville Florida.

Hardship: Death of breadwinner

Senior Lien: GMAC balance $220,000

Junior Lien: USAA balance $148,000

Sale Price: $219,000

Cash Contribution: $2,500 to GMAC and $13,000 to USAA negotiated down from $44,000

Total Cancelled Debt: $135,000
To avoid foreclosure and sell your Niceville real estate as a short sale, contact an experienced real estate agent who specializes in short sales.

It’s Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.

Niceville FL Real Estate

Niceville Short Sales & Pre Foreclosure Help.

Read Wendy’s Real Estate Blog

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