This Destin Florida VA Compromise short sale at 1014 Airport Rd., in the Quail Run subdivision, was approved in just six and half weeks. Here are the details of the short sale approval:

Mortgage: Bank of America

Mortgage Balance: $177,000

Market Value:  $137,000

Notes:  Bank of America does not process VA Compromise Sales through Equator. You must fax in a short sale package to 1-866-808-5050.  To initiate a VA Compromise Sale, the seller must call Bank of America first at 1-800-669-6650 and request a short sale through his “Customer Relationship Manager”.  We found this to be the lengthiest part of the approval process. The seller had to repeatedly call Bank of America to get his short sale activated.  After the file was moved out of the initial department and assigned to a short sale negotiator, the process went rather quickly.  A VA liquidation appraisal was ordered and returned within about a week. A Bank of America VA Compromise “Welcome” package was sent to the seller for his signature. His financial documents were analysed.  The net proceeds were found to have met the VA Compromise requirement. Twenty days later, the Destin VA Compromise sale was approved.

Bank of America VA Compromise Sale process

VA Compromise Sales Questions and Answers

VA Compromise Sale Net Calculation Just Changed

“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

Destin Short Sale Specialist

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.

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I was going to write a “Just Listed” post about this Destin Florida VA Compromise Sale townhouse.  I cannot, because I sold it too fast!  1014 Airport Rd, Unit 177, Quail Run, Destin Florida went under contract after four days on the market. Very well priced at $137,900, there was a buyer just waiting to buy this Destin VA Compromise Sale, Bank of America mortgaged, town home. Here is what I was going to write:

“Convenient and lovely brick neighborhood of Quail Run. Neat, clean and inviting! This end unit has an open floor plan with the kitchen overlooking the cathedraled living room. The master bedroom is on the main level. There are two additional bedrooms upstairs with a full bathroom. Central Destin location offers access to the beach, Henderson Beach, Destin Harbor and shopping at Destin Commons.”

Why did this Quail Run Airport Road townhouse sell in just four days? Perfect pricing! It was listed at $137,900. (I will reveal the sale price when it closes after short sale approval.)  What are the next steps? We will fax Bank of America the listing agreement, contract, preliminary settlement statement (HUD), buyer proof of funds and seller hardship letter with military PCS (permanent change of station) orders.  After a couple of weeks, Bank of America will email us a VA “Welcome Package” with additional forms for the service member to fill out and/or provide.  There will be a special VA appraisal ordered of the property. After the seller’s information is analyzed and the contract’s net proceeds to be determined to be at least 88.13% of the appraised value, an approval will be issued.  The buyer will be given about 30 days to close.  The seller is also eligible to receive a $1500 VA Relocation Credit.

Do you have a VA backed mortgage and need to sell your Destin Florida home? Give me a call. I can explain the VA Compromise Sale program and how it may affect you.  850-650-7883

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

Destin 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 1014 Airport Rd. Quail Run, Destin Florida VA Compromise – Short Sale first appeared on Rulnick Realty.

Spiffy West of Hurlburt house for sale at 2011 Bob White Court, Quail Run, Mary Esther Florida. This Bank of America short sale home has cathedralled living room with tall, brick fireplace. Spacious kitchen. Separate formal dining room with chair rail. Large two car garage. It is over 1300 square feet with three bedrooms and two full bathrooms. Easy location for either Hurlburt Field or Eglin Air Force Base commutes, or jaunts to the beach! Yard needs some work.

2011 Bob White Court, Mary Esther FL – short sale – offered for $113,900

It’s Wendy!

The post 2011 Bob White, Quail Run, Mary Esther FL – Short Sale first appeared on Rulnick Realty.

This Quail Run townhome is pre foreclosure short sale, located in the heart of Destin, Florida. This two story home has a spacious bedroom and full bath on the first floor. The open floor plan and tall ceilings in the living area makes this 3 bedroom unit live big! The kitchen includes a breakfast bar and a back door that makes it handy for outdoor grilling. Two more bedrooms are located upstairs and this is an end unit with a 1 car garage.  The short sale home has access to the community, pool, too! Quail Run is convenient to shopping, restaurants, the Destin Florida beach.

1014 Airport Rd., #166, Quail Run – Destin Florida short sale:  $105,000

Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204

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This West of Hurlburt Field property, located in the greater Fort Walton Beach area, has a unique floorplan with large family room, plus formal tiled living with fireplace. The kitchen is center-isle, and there is a oversized, functional utility room/shop.

One year ago, Bank of America refused an offer for $112,000.  Their appraisal at the time came in for $132,000.  So, we played the game, raised the price, then slowly lowered it.  Well, the home just sold for $110,000…. APPROVED by Bank of America. 

If you need to avoid foreclosure and sell your home in Mary Esther Florida, contact an experienced Fort Walton Beach 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

Mary Esther Florida Real Estate

Fort Walton Beach Short Sales & Pre Foreclosure Help.

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The post 2005 Bob White, Quail Run, Mary Esther Florida Short Sale – Sold first appeared on Rulnick Realty.