This home at 2718 Willow Grove, in the Willow Bend area of Fort Walton Beach Florida is a Bank of America VA Compromise short sale.  On its way to sold, the home is now under contract.  VA Compromise Sales don’t get processed through Equator , which is Bank of America’s online short sale platform. All documents are faxed to them.   This Fort Walton Beach Willow Bend short sale fax will include a copy of the contract with “live” or “wet” signatures, as government investors do not currently accept electronically signed documents.  In addition, we will fax a preliminary settlement statement and a copy of the VA Relocation Circular which states the seller is entitled to a $1500 relocation credit.  If you don’t ask for this incentive, don’t expect to get it, by the way.  By including this circular, it’s a reminder to the Bank of America VA Compromise negotiator to include the seller credit.

This Willow Bend Fort Walton Beach VA Compromise Sale may take about 90 – 120 days for approval.  There are fewer Bank of America short sale negotiators who handle VA Compromise Sales.

Should You VA Compromise Sale?

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

Fort Walton Beach real estate and more

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 Fort Walton Beach Bank of America VA Compromise Sale – About Sold first appeared on Rulnick Realty.

This home at 3021 Yorktown Circle, Fort Walton Beach Florida was just approved for Bank of America short sale.  Located in the Willow Bend area of Wright, near Eglin Air Force Base, it is being sold as an investment property.  The Bank of America approval time was lengthy, but the results successful. Here are the details:

First Mortgage: Bank of America

First Mortgage Balance: $83,000 appr

Second Mortgage: Bank of America

Second Mortgage Balance: $60,000 appr

Current Market Value: $80,000 appr

Mortgage Types: Conventional

Short Sale Deficiency: Waived

Seller Contributions: None

Notes: The approval time for this Willow Bend Bank of America short sale was almost four months. Why so long? Bank of America originally tried to process this file as a HAFA (Home Affordable Foreclosure Alternative), which it did not qualify for. Two weeks were lost.  A new negotiator took over the file. The contract had to be re-signed by all parties removing the property from a trust. The buyer was in a remote area and could not return documents for a week at a time. More days were lost.  Bank of America did not counter offer the contract price which was fair market value.  Both notes will be “settled” and there will be no deficiency judgment.  There was no request for seller cash contribution or promissory note,even though this was an investment property.

If you need to short sale your Willow Bend, Wright property, contact an experienced Fort Walton Beach short sale agent.

Read more Fort Walton Beach Florida short sale success stories.

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

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