destin condos: Luau Condo #6108, Sandestin Florida - Short Sale - 02/01/10 08:15 AM
Owning this stylish Luau condo will open you to the world of Sandestin! This Sandestin short sale condo is an efficiency unit. Just drop your keys and go out and play! Amenitis include a great pool, covered parking. Nearby shopping at the Village of Baytowne Wharf. Enjoy beach, bay. Join tennis, beach club, golf, marina, gym! This Luau short sale condo is located on the south side of Sandestin Resort.Offered at $119,000.
It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Destin FL Real Estate
Destin Short Sales & Pre Foreclosure Help.
Read Wendy's Destin Real Estate Blog
… (6 comments)
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destin condos: Bank of America Approves Destin Short Sale: Boldly Ask and You May Receive - 01/14/10 06:32 PM
Bank of America Approves Destin Short Sale Condo: Pays Past Dues
Sometimes you get lucky!
Subject Property: Destin short sale condo on the harbor
Short Sale Lender: Bank of America
Mortgage Balance: $1,200,000.00
Sale Price: $490,000.00 appr
Seller Cash Contribution: -0-
Seller Promissory Note: -0-
Past Due Association Fees Paid by Bank of America: $25,235.67
Notes: I wrote a previous post about short sale condos and association dues becoming the “Next Generation of Junior Liens” because so many homeowners cannot afford to pay them. As this down real estate economy progresses, more and more owners will … (16 comments)
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destin condos: The Palms Unit 1307, Destin Short Sale Condo - 12/21/09 06:09 PM
Own this fabulous central Destin short sale condo at The Palms! You can pick your choice of on-site fun or pop over to Henderson Beach and the Gulf of Mexico right across Emerald Coast Parkway! The contemporary Palms project includes huge lagoon pool, children's pool, waterfall, tennis, basketball.
Love coffee? "The Beach Trader" is on-site for your cup of Starbucks. Finally, Traders Vics is the place to go for cocktails. Your unit is sleek and stylish, has granite counters, 9' ceilings. Association dues covers wireless internet and utilities.
This Destin short sale is offered at $149,700.
It's … (5 comments)
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destin condos: East Pass II, Holiday Isle, Destin Florida Condo - Destin Short Sale - 11/03/09 08:03 AM
This East Pass Towers II condo on Holiday Isle in Destin Florida is a stunner! You will have great views of both Destin harbor and the pass from two unique balconies! Upgrades galore including a spectacular kitchen for the gourmet - miles of granite counters for buffet line, baking or Top Chefing. All new appliances 2006, custom designed Kohler sink. Wetbar with bowl sink, silver leaf backsplash, silver leaf ice maker. Bamboo-look columns and bamboo floors (2006), designer lighting, pulls, faux paint add drama. Private master suite. Secondary bedrooms have separate doors to balcony. Tons of storage, pantry, shelving makes this Destin short … (7 comments)
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destin condos: Seascape Condo at Fairways, 9F, Destin Florida Short Sale - 10/20/09 02:58 PM
This roomy three-bedroom villa at Fairways at Seascape in Destin Florida feels like a "home". Great views of golf course, rolling grounds, little lake in the fields. Floorplan takes advantage of the outdoors with two sets of sliders to covered patio and your old-fashioned swing. Mirrored dining adds to expansiveness. Private bedrooms. Quiet. This unit is a minute to tennis, pool, hot tub. Walk across Scenic 98 to Gulf of Mexico beach, Whale's Tail restaurant! Internet included as part of association fee. This Seascape unit is a Destin short sale.Offered at $229,900
It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, … (3 comments)
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destin condos: Harbor Plantation Condo Unit 102, Destin Florida Short Sale - 10/02/09 06:04 PM
724 Highway 98 East Unit 102, Destin Florida 32541
Want one of the best views on Destin harbor? With a boat slip? This Destin short sale condo is one of the most spectacular settings on the water. Wide open floor plan all about the harbor view. Large kitchen with long breakfast bar, solid surface counters. Spacious master bedroom. Project has pool, work out facility. This Destin short sale condo in Harbor Plantation is located on Highway 98. It is on the first floor unit for easy access set high over the water. Assigned boat slip approximately 13x30, may take a 40' boat. Central … (3 comments)
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destin condos: Amalfi Coast Condo, Destin Florida - Short Sale - 09/17/09 05:20 PM
Come home to Destin Florida! Your Amalfi Coast short sale condo, in Miramar Beach is gorgeous and spacious! Great furnishings, full size bedrooms. Unit overlooks lavish grounds, pool, and tree-top view of gulf.
Walk to private beach across the street on the Gulf of Mexico. Sprawling eight-acre complex with two pools, one heated, two tennis courts, pond, bridge, covered parking.
Amalfi condos have easy access to Silver Sands shopping, Baytowne Wharf, Destin Commons and excellent restaurants. Short Sale.
Offered at $297,700.
It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Destin FL Real Estate
Destin … (6 comments)
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destin condos: Top "Short Sale Lender Goofs" of the Week - 09/11/09 03:42 PM
As a Destin Florida short sale listing specialist, I've seen almost every crazy thing that can happen waiting for an approval. This week was no exception. Here are the top short sale lender goofs of the week:
1. Bank of America: File Erroneously Declined in India. Destin short sale appraisal in March was $950,000. “Drive By BPO” done in August was 1.5 million, $100,000 higher! File was then declined as “insufficient” offer. After I pointed out the minor discrepancy (our market is still declining, not going up 10%), the negotiator is re-opening. She said the decision to close the file was … (21 comments)
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destin condos: Luau Condo, Sandestin Short Sale, Destin Florida 32550 - 09/04/09 12:21 PM
Luau 6501/6503, Sandestin Short Sale
Crisp Sandestin condo with Scandinavian flair, gulf views! Your Luau condo is close to Finz restaurant and a quick walk to the beaches of the Gulf of Mexico! Enjoy the property's expansive rooftop observation deck for sunset cocktails, workout center, huge saltwater pool with a exotic waterfall, hot tub, kid's pool, more. Nearby shopping at Market Shoppes, Baytowne Wharf, Destin Commons and Grand Boulevard. This unit can be 2 bedrooms or one bedroom with lock-out and grosses about $25,000 without a winter renter. Sandestin Florida is an amazing gated resort lifestyle center with gorgeous landscaping, restaurants, pools, tennis, … (3 comments)
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destin condos: Sterling Shores #211, Destin Florida - Short Sale Condo - 08/20/09 05:47 PM
Sterling Shores is an exciting condominium complex across from the Gulf of Mexico. This Destin short sale condo is smartly decorated, with breezy balcony to watch the ocean blue and the 4,300 square foot lagoon pool. Complex offers 4300 square foot lagoon pool, workout room, clubhouse, seasonal snackbar, movie theater, wireless internet. Walk to beach across the street, and restaurants next door on "Restaurant Road", Gratzi's, Back Porch, Ruth's Chris Steakhouse and more! This Destin short sale is offered at $239,900.
It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Destin FL Real Estate
Destin Short Sales & Pre … (5 comments)
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destin condos: Beachside II Short Sale Approved in Sandestin Florida- Fannie Mae Affects Outcome - 08/19/09 03:26 PM
Beachside II Condo, Sandestin FL
Lender: EMC
Original Purchase Price 2005: $800,000
Mortgage Amount: $640,000
Approved Sale Price: $300,000
Notes: Initial contract price was $359,000. Buyer was obtaining a Fannie Mae mortgage. Fannie Mae would not approve the Beachside II condo project for financing due to an outstanding lawsuit against the homeowners association. New Fannie Mae guidelines require analysis of the project where financing is sought, even for existing condominums. Since buyer was unable to get a Fannie Mae mortgage, EMC approved a reduced $300,000 cash purchase price.
To avoid foreclosure and sell your Sandestin home or condo as a short sale, contact an experienced real … (3 comments)
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destin condos: Suntrust Approves Ariel Dunes Condo for Short Sale - Destin FL - 08/10/09 04:29 PM
This Ariel Dunes condo, in Destin Florida, has been approved for a short sale.Lender: SuntrustMortgage Balance: appr $380,000Contract Price: appr $225,000Terms: Fannie Mae asked seller for promissory note for $8000 to pay past due HOA fees for $100 month for 80 months. Seller instead offered $6000 cash contribution. Fannie Mae agreed.To avoid foreclosure and sell your Ariel Dunes or any Destin condo 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.
Destin FL Real Estate
Destin Short Sales & Pre Foreclosure Help.
Read Wendy's Real Estate … (3 comments)
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destin condos: Bank of America - 2 Strikes and Buyer Walks! - 08/02/09 11:05 AM
I got the second approval letter from Bank of America today… That’s right, we are on approval #2- same buyer! This Destin Florida short sale was cleared to close back in February. But why did that approval fail? And why is the game "over"?
Strike 1
A few months ago I wrote “Countrywide Approves Short Sale – But Won’t Finance Approved Amount”. The buyer’s mortgage lender was also Countrywide, now Bank of America. They UNDERAPPRAISED his purchase of the Destin condo by $10,000, so he could not close for the approved amount. But Bank of America, the short … (27 comments)
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destin condos: Short Sales and Condo Dues: The Next Generation of Junior Liens - 06/17/09 07:03 PM
In Destin, Florida, and around the country, as time goes by with short sales, a new problem is growing-- unpaid condo association dues. I currently have two short sales pending with with over $20,000 in unpaid association dues. Short sale mortgage holders are growing weary of paying these huge back-fees to facilitate a short sale. Sure, I've had $10,000 or $12,000 paid to satisfy associations in short sales before. But the longer the short sale or bank action takes, the more the dues will start piling up. Now I have Bank of America balking at paying the association dues on a $300,000 Destin short sale. They want my … (14 comments)
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destin condos: Destin Condo Market - Mixed Trends? - 05/21/09 09:39 AM
Is there a trend starting for the Destin Florida condo market?
1. There were 34 condo sales in Destin for April 2009. This figure is down from March, but there is no definite trend. Monthly sales volume decreaseed, as well.
2. The average Destin condo list price is $420,397. This is down from $711,000 one year ago!
3. The average Destin condo sold price was $375,739. This is down from $639,000 one year ago! But the sale price is up from January and February, and less the the March average.
4. The price per square foot is down to $260, … (7 comments)
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destin condos: Another Destin Short Sale Approved - Ariel Dunes Condo - 03/15/09 11:05 AM
Ariel Dunes Condo, Destin Florida
The Ariel Dunes condo project in Destin Florida has 112 units for sale. The complex is right across from Gulf of Mexico beaches and has amenities like pools, tennis and golf. Only four units have sold in the past six months. The latest was a short sale, which was approved in 90 days. Summary:
Property: Ariel Dunes gulf view condo, 732 square feet
Hardship: Medical
Lender: Suntrust
Original Purchase Date: July 2006
Original Purchase Price: $284,000
Current Sale Price: $180,000 (fair market value)
Debt Forgiven: Over $50,000
This Suntrust Destin short sale was processed by a company called Loan Care, … (3 comments)
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destin condos: Destin Florida Condos: New Lending Restrictions Will Drive Down Prices - 01/30/09 06:09 PM
Today I got a call from an agent whose buyer is purchasing one of my short sale condos in Destin Florida. The buyer has excellent credit, a pension plan and is a retired Air Force officer. He is buying a vacation condominium that he loves on the Emerald Coast, and putting 10% down. Well, guess what? He just lost his financing. 10% condo loans are going away. Here are two disturbing bulletins I received from Florida lenders today
Countrywide: "Purchasing a condo with 10% is almost gone. We can't get mortgage insurance on them and now if the condo has … (18 comments)
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destin condos: Short Sale Pricing: The "X Factor" - 01/14/09 07:30 AM
Yesterday I received a phone call from a competitor in my Destin Florida real estate market. The agent had a short sale condo listed in the same building as I did, and questioned why my list price of $260,000 was $40,000 less than his unit. He asked, "Is that price approved by the bank?" I told him no, as most short sale lenders do not pre-approve prices. He then asked if I truly thought I could get it approved, as he was hesitant to "chase" my price and match or beat it with his listing. I thought about that, and … (24 comments)
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destin condos: Destin Florida Real Estate Market Summary - 2008 - 01/03/09 10:31 AM
Destin Florida Real Estate - 2008 Market Summary The Destin Florida real estate market had a rocky road in 2008. There are some glimmers of hope, but continued signs of price declines. In summary:
1. In Destin, the "% Sold/List" (Sold to List Price Ratio) dropped from 90% to an average of 84% by the end of the year. The ratio bounced around a lot during the last 12 months, but the drop to 84% may or may not be part of a trend. We'll look at this in coming months.
2. The average sale price for Destin real estate dropped from $520,000 … (6 comments)
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destin condos: Indian Lake Unit 351, Destin FL 32541 - Short Sale - 11/21/08 08:17 AM
Indian Lake Unit 351, Destin FL Condo
1 BR 1BT 920SF Built 2004 $98,900
Delightfully decorated unit. Wonderful ground floor access with two outside entrances, one from patio and one from large covered exterior hallway. Very open floorplan lives "big". Owner has upgraded with grand farmer sink, top of the line LG washer and dryer with 7 year warranty, added shelving. Electric bills as low as 36-80 per month! Cable t.v. included with two HBO channels! Extra storage closet off patio. Access to pool, fitness room, bbq. Fabulous location for shopping, beach. Short sale subject to seller's mortgage holder's approval. … (4 comments)
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