Call the Police! Buyer Moves In Before Closing! - 08/30/08 01:02 PM

Yesterday was one of the most bizarre days in my real estate career.  My assistant got a call from a condominium association trying to verify ownership of one of my Destin Florida foreclosure listings. The bank-owned condo was under deposit, and scheduled to close at the end of September.  The condo association said they had been told the buyer had already moved in and was claiming to be the owner.  "No way!" I thought. "This cannot be true!"  So, I hopped into my car, my heart racing, with two of my assistants, in case it was true and there was … (23 comments)

Ariel Dunes #1005, Destin FL 32550 - 08/28/08 07:20 AM

It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.
Search Destin Florida real estate and vicinity.
Short Sale Pre Foreclosure Help.
Read my Blog.
Specializing in real estate sales on Emerald Coast of Florida: Destin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field.  Call toll-free  1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
 Copyright © 2008 By Wendy Rulnick. All Rights Reserved. *Ariel Dunes #1005, Destin FL 32550* Contact Wendy Rulnick regarding Destin Florida real estate and … (3 comments)

231 OLDE POST RD, NICEVILLE FL 32578 - 08/28/08 07:11 AM
It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.
Search Destin Florida real estate and vicinity.
Short Sale Pre Foreclosure Help.
Read my Blog.
Specializing in real estate sales on Emerald Coast of Florida: Destin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field.  Call toll-free  1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
 Copyright © 2008 By Wendy Rulnick. All Rights Reserved. *231 OLDE POST RD, NICEVILLE FL 32578* Contact Wendy Rulnick regarding Destin Florida real estate and … (2 comments)

Citi Residential-You Want WHAT? - 08/26/08 06:57 PM
Citi Residential is supposedly one of the few lenders who works with the seller at the beginning of the Short Sale process.  At least, they used to.  In my case, a house listed in Navarre, Florida, where Citi Residential (not Citi Mortgage) was contacted by the seller at inception of the process, had a pro-active appraisal done, and bi-weekly check-in calls by the company to find out how the Short Sale was going.  The second was GMAC (worthy of another blog or three).    Anyway, I thought "Great!  This will make the whole process easy".  Not so.  We received an offer in … (2 comments)

Countrywide PMI Short Sale Strategy - 08/24/08 11:40 AM

This week I've had one of the best Short Sale experiences with a company to date.  That is- United Guaranty, a mortgage insurance company.  I have a Short Sale in Destin, Florida. The property, a condo, was purchased in 2005 for $580,000.  Today, it is worth around $270,000.  My seller purchased the unit as an investment.  He planned to rent it out as a vacation-rental.  The income should have offset the mortgage expenses.  Well, the rental market has plummeted along with the sales market, and coupled with his diminished income, he has been unable to keep up with the payments.  … (4 comments)

Short Sale Referral: Athens IL - No Takers - 08/22/08 05:08 PM
Yesterday I got a call from a seller who needs short sale assistance in Athens, IL.  The couple needs an expert, and needs to get their real estate sold.  Since I normally find a plethora of qualified agents on Activerain, I did a search for Athens, IL Realtors with short sale experience.  I found one, and emailed to ask if she was interested in a listing referral.  Guess what?  I never got a response. Dismayed, this morning I posted the seller lead on Activerain Referrals.  This is the first time I've tried this process.  Guess what again?  No response. I find it … (8 comments)

Countrywide Short Sale: Here's The Drill - 08/21/08 08:55 AM
I know everyone likes to complain about Countrywide Short Sales, but you know what, I like them.  They are consistently inconsistent.  I've had approvals from them in five weeks, without even a phone call from the negotiator, to five months, after them losing information, switching negotiators four times, and forgetting to order BPO's.  At least it's a behemoth of a "system", and the consistency of the agent is the key to success with them.
My most recent approval is a condo in Destin, Florida. The drill was the same as most other short sales, with the key to the magic "approval" near the end. … (2 comments)

State of Florida: Making Extra Money Off Short Sales - 08/19/08 06:20 PM
Incredible!  My state, Florida, has decided to reap additional taxes on those who have the unenviable position of having to do a Short Sale to save themselves from foreclosure or other financial ruin.  Florida, like some other states, has a standard tax to the seller whenever there is a sale of real property.  It is based on the sales price.  Some states call this a "conveyance" tax.  Florida calls it "Documentary Stamps on the Deed".  It's a tax.  The calculation is the sales price multiplied by .007, roughly.  Thus, a sale of $300,000 would trigger taxes due at closing to the State of Florida … (12 comments)

Are Your Computers Safe from Hurricanes? - 08/18/08 08:12 AM
Are your business computers safe from pending hurricanes or other natural disasters?  I am concerned, as I wrote in Oh No- Hurricane Season- Here It Comes! In preparation, consider the following advice courtesy of my computer guru, John Wright of Accelerated Solutions....
>>>There are plenty of sources for hurricane preparedness to protect lives, homes, pets, and property... but what about the computer systems?<<<
With this pending storm and those that will follow, make sure your business has a solid hurricane safety plan for your computer systems.
How can a small business owner protect their data in a hurricane, tropical storm, or … (6 comments)

Oh No - Hurricane Season - Here It Comes! - 08/16/08 11:40 AM

Oh no- here it comes! Tropical Storm Fay is predicted to become a hurricane today. It could reach the U.S. by Thursday.  Dr. Jeff Master's Wunder Blog says the storm may become a Category 1-2 by tonight.  Living on the Emerald Coast, in Destin Florida, past pre-hurricane flutters are rushing back.  "We should get ready now!" I tell my husband.  "Do we have extra gas? Cat litter? Wine? Tranquilizer for Micah?"  (Michah is one of my three cats. He meows every ten seconds during our evacuation trips to Atlanta or Huntsville.)  I am anticipating watching the Weather Channel every hour for an update, and checking … (14 comments)

4 SHAMROCK DR, MARY ESTHER, FL 32569 - 08/16/08 10:31 AM
It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.
Search Destin Florida real estate and vicinity.
Short Sale Pre Foreclosure Help.
Read my Blog.
Specializing in real estate sales on Emerald Coast of Florida: Destin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field.  Call toll-free  1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Copyright © 2008 By Wendy Rulnick. All Rights Reserved. *4 SHAMROCK DR, MARY ESTHER, FL 32569* Contact Wendy Rulnick regarding Destin Florida real estate and … (4 comments)

Rulnick Realty: 2 New Agents - 08/15/08 08:34 AM
What a fabulous week. I would say, full of "serendipity!  I've hired two new agents to work at Rulnick Realty. The first, Beverly Dudley, has several years real estate experience. She will also fill the role of my executive assistant.  I was looking for an additional staff member, as we are overwhelmed with new listings and short sales.  Each day, my office manager and I fill every every second multi-tasking, eating at our desks, phone, email and writing simultaneously. It's been crazy.  That's why I knew I needed to expand my staff to keep up with the flow of new business.  Beverly will … (3 comments)

How "Not" To Buy A Short Sale - 08/13/08 03:02 AM
Yesterday I received an offer on a Short Sale listing in Destin Florida.  The list price was $216,000, a bit below market, and the house had been for sale for over five months.  An agent produced an offer for $175,000 and it was contingent on seller's lender approval within 45 days.  It also stated  "The buyer has the right to withdraw the offer at any time prior to seller's lender's approval".
I presented this offer to my seller.  We both knew $175,000 was nowhere in range of market value.  Additionally, 45 days for lender approval is not realistic, with Short Sale approvals sometimes running 120 … (84 comments)

691 RIDGELAKE RD, CRESTVIEW FL 32536 - 08/12/08 05:11 PM
It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.
Search Crestview to Destin Florida real estate and vicinity.
Short Sale Pre Foreclosure Help.
Read my Blog.
Specializing in real estate sales on Emerald Coast of Florida: Destin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field.  Call toll-free  1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
 Copyright © 2008 By Wendy Rulnick. All Rights Reserved. *691 RIDGELAKE RD, CRESTVIEW FL 32536* Contact Wendy Rulnick regarding Crestview to Destin Florida real estate … (2 comments)

8087 HARTINGTON DR, NAVARRE FL 32566 - 08/08/08 08:42 AM

It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.
Search Navarre Florida real estate and vicinity.
Short Sale Pre Foreclosure Help.
Read my Blog.
Specializing in real estate sales on Emerald Coast of Florida: Destin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field.  Call toll-free  1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
 Copyright © 2008 By Wendy Rulnick. All Rights Reserved. *8087 HARTINGTON DR, NAVARRE FL 32566* Contact Wendy Rulnick regarding Navarre Florida real estate … (5 comments)

Foreclosures: Multiple Offers- Deceipt & Subterfuge - 08/06/08 06:47 PM
Yesterday I was in the midst of a multiple offer situation.  The property was a Destin foreclosure, a condo near the Gulf of Mexico. There were two offers, and the seller, a bank, asked for "highest and best offer" from each party, a standard practice in the foreclosure industry.  While driving back to my office from an appointment, I received a call about the condo on my cell phone. Here is the conversation, I have changed names for the sake of confidentiality.
Buyer: "My name is Joe Garbled and I am calling about your Piper condo! What can you tell me about it?"
Wendy: "Are … (9 comments)

1920 SEAHAWK LN, NAVARRE FL 32566 - 08/05/08 05:37 PM
  It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.
Specializing in Emerald Coast of Florida: Destin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. Call toll-free  1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Search Destin Florida real estate.
Short Sale Pre Foreclosure Help.
Read My Real Estate BLOG.
Copyright © 2008 By Wendy Rulnick. All Rights Reserved. *1920 SEAHAWK LN, NAVARRE FL 32566* Contact Wendy Rulnick regarding Destin Florida real estate, Navarre real estate … (0 comments)

Destin Real Estate Inventory - 08/04/08 06:01 PM
Do you want a good gauge of how the Destin real estate market is doing?  Or any market? 
Check the Months Inventory Statistic. This will tell you how many months it will take to sell out the current inventory of houses, condos, lots and townhouses if sales continued at the existing rate.  The resulting figure will give you an idea of how quickly or slowly real estate is selling.  Currently, the combined Months Inventory statistic for improved Destin real estate, which means any property that has an improvement on it, like a house, condo or townhouse (no lots) is 39 months.  … (0 comments)

HOPE for Homeowners - 08/04/08 02:17 PM
I have been getting calls from sellers in Destin Florida and the surrounding towns, concerned over rising mortgage payments or from those who have lost income or jobs, to find out if they are eligible for the favorable refinance benefits recently passed in the Housing and Economic Recovery Act of 2008.  Following is quoted directly from the Senate Banking Committee.  To find out if you qualify, you should call your mortgage lender.
Summary of the "HOPE for Homeowners Act of 2008"
The "HOPE for Homeowners Act of 2008" creates a new, temporary, voluntary program within FHA to back FHA-insured mortgages to distressed … (4 comments)

Ariel Dunes II Unit 1104, Destin, FL 32550 - 08/01/08 10:49 AM

It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.
Specializing in Emerald Coast of Florida: Destin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field.
Call toll-free  1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Search Destin Florida real estate.
Short Sale Pre Foreclosure Help.
Copyright © 2008 By Wendy Rulnick. All Rights Reserved. *Ariel Dunes II Unit 1104, Destin, FL 32550* Contact Wendy Rulnick regarding Destin Florida real estate and vicinity.
… (0 comments)

 
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Wendy Rulnick Destin FL Real Estate

Destin, FL

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Rulnick Realty, Inc.

Address: 12889 Emerald Coast Pkwy West, Ste. 107-A, Destin, FL, 32550

Office Phone: (877) 487-9639 x 204

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Author Bio: Wendy Rulnick, Rulnick Realty, Real Estate Broker in Destin Florida and all surrounding towns

The market. Smart sellers. The Emerald Coast of Florida.


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