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destin short sale agent: Destin Bank of America Cooperative Short Sales - Head Spinning! - 05/19/12 08:53 AM
Bank of America Cooperative short sales are not always as “easy” or “fast” as they make them out to be. If you have received an offer to do a Bank of America cooperative short sale near Destin Florida, here is a sample of an actual file in process. As the short sale listing agent, I take most of the burden off my sellers, but the time line and make-work affects all the parties to the transaction. First, some background. This Destin Florida short sale seller had a written offer from Bank of America to do a cooperative short sale, get cash back at closing and … (9 comments)
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destin short sale agent: 4517 Olde Plantation Place - Kelly Plantation - Under Contract - 05/07/12 10:45 AM
This gorgeous home in Kelly Plantation, Destin, Florida is now under contract in only 30 days. What are my favorite things about 4517 Olde Plantation Place? The kitchen... marvelous slabs of black granite counters, an enormous center island, the tube light above giving just the right ambience. Or maybe it's the master bedroom with the transom windows, private door to porch and the deluxe bathroom with solid cherry finishes and walk-in shower. Kelly Plantation is located near Destin Commons, Fresh Market, health club, and five minutes to the beach. On-site amenities are Fred Couple's 18 hole golf course, Owners Club … (0 comments)
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destin short sale agent: 4517 Olde Plantation Pl, Kelly Plantation, Destin Florida - Short Sale - 03/21/12 05:47 AM
Elegant Kelly Plantation short sale home in Destin Florida with three car garage, tile roof and privacy, overlooking nature preserve. Stunning finishes like 12' ceilings, travertine tile, crown moulding, upscale fixtures. The kitchen is a fantasy with black granite counters, walls of cabinets, custom wine nooks, uplighting, travertine backsplash, tube light, and fun pendants. Guest quarters with private bath and bedroom adjoin the family room. The master bedroom is fabulous with multiple transom windows, and door to screened porch. The spectacular master bath has solid cherry cabinets, travertine walk-in shower and whirlpool tub. The office has custom travertine floors, built-in executive … (1 comments)
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destin short sale agent: Indian Lake #355, Destin Florida Short Sale Condo - 03/09/12 06:28 AM
Second floor Indian Lake short sale condo in the heart of Destin Florida. This tiled unit has a spacious floor plan, with kitchen open to the living, and light decor. Condo complex amenities include a community pool, picnic areas, exercise room, community room and on-site leasing office. Indian Lake is a good choice for an investor or owner-occupant. Gulf of Mexico beaches and parks are five minutes away. Destin Commons is close, too, along with upscale shopping and dining options. This one bedroom unit has over 900 square feet. There is one mortgage with Bank of America.
Indian Lake … (4 comments)
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destin short sale agent: Destin Florida Short Sale Agent in Kiplinger Magazine - 01/04/12 05:12 PM
I was flattered to have been recently interviewed by Kiplinger Magazine regarding the state of short sales. The story, "Escape the Debt Trap" is in the February edition of the magazine. It highlighted one of my Destin Florida real estate client's experiences in short sales of her properties in Destin and Santa Rosa Beach, Florida. Angela Angelovic hired me to help her "short sale" three houses over the last few years, two investment properties and a primary residence. She is now on her way to rebuilding her financial life, feeling "relieved." The Kiplinger article emphasized that one-fifth of U.S. homeowners … (6 comments)
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destin short sale agent: 4020 Indian Lake, Destin FL Condo Sold as Short Sale - 12/16/11 02:57 PM
This bright two bedroom, two bath Indian Lake condo in Destin Florida just sold as a short sale. The unit was fully tiled and had a vaulted ceiling in the living room. There was a tenant in place, who was retained by the new investor buyer. The Indian Lake condo association offers amenities such as a community pool, gym, clubhouse, on-site leasing office, payground and BBQ areas. This sale was a Bank of America Co-op short sale, which means it was purportedly pre-approved. The process, however, took over 120 days, so use caution when purchasing or selling a Bank of … (4 comments)
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destin short sale agent: When You Are Wrong - Do You Admit It? - 11/21/11 02:33 PM
I just admitted I goofed. It was something minor - a data field for a Destin FL Bank of America short sale. I accidentally entered the wrong property tax amount. Or, shall I say, I was doing too many things at once and should have checked my work. No harm was done, but the negotiator had to re-create the task so I could do it right. He didn’t say “You goofed, idiot!”. He just asked me to re-do it. I had two choices. I could have just done the task, or could have also admitted I had made a … (38 comments)
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destin short sale agent: "Never Gives Up" Describes Destin Short Sale Agent - 11/18/11 01:08 PM
I am humbled when I receive kind testimonials from my Emerald Coast of Florida real estate clients. I just received the following survey responses from short sale sellers in Destin and Navarre Florida. One of the keys to a successful short sale transaction is to "never give up". I found it amazing that both of these sellers used the same phrases in their comments."Wendy Rulnick and her firm Rulnick Realty never gives up. They are the best realty professionals that I have worked with in the Southeast United States. It was perfect and truly professional."
Dan Curtis , Destin Florida
… (4 comments)
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destin short sale agent: You Just Accepted a Short Sale Offer on Your Destin Home - What Happens Next? - 11/01/11 11:46 AM
Your Destin Florida home is for sale as a "short sale". You're about $300,000 "upside down". You just received an offer you feel is too low. I agree - it is a waste of time to send a contract significantly lower than market value to your short sale lender. So you counter the buyer's offer, they accept, and you now have a contract. What happens next? 1. We send the contract with a preliminary settlement statement and all your financials to your mortgage lender.
2. Your lender orders a Broker Price Opinion or Appraisal on your property.
If the appraisal comes back much higher than the … (2 comments)
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destin short sale agent: Holiday Isle, Destin Florida Short Sale Approved by Vericrest and SLS - 10/15/11 10:09 AM
This Holiday Isle home in Destin Florida has been approved for short sale. A large home at over 3000 square feet, and yards from the Gulf of Mexico, it was originally purchased for a million dollars in 2005. Here are the short sale details:Senior Lien: Vericrest FinancialSenior Balance: $845,000Junior Lien: Specialized Loan Servicing (SLS)Junior Lien Balance: $130,000Contract Price: appr $450,000 - less than half the mortgage balances!The Vericrest portion of this Destin short sale was processed on a software platform called Res.Net. Similar to Equator, but not as user-friendly, Res.Net required me and my team to enter weekly "market" reports on the property … (1 comments)
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destin short sale agent: Considering Florida Short Sale? Bank of America Offering Huge Bonus to Sellers - 10/04/11 06:04 PM
Have you been sitting on the fence about selling your Destin or Santa Rosa Beach Florida property as a short sale? Now may be the time to act. Bank of America has just announced that Florida sellers may be able to receive $5000 to $20,000 cash incentive at closing for completing a short sale. There are existing Bank of America programs that pay sellers $1500 to $3000, but this move is unprecedented. To qualify, you'll need to initiate your short sale prior to getting a contract on your Destin or Santa Rosa Beach home.Apparently, Bank of America is enhancing its offerings … (7 comments)
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destin short sale agent: Emerald Grande Waterfront Condos for Sale, Destin Florida - 09/06/11 04:43 PM
Are you looking for the premier waterfront condo in Destin Florida? It’s got to be Emerald Grande. You cannot miss it when you are driving over the Destin Bridge, with its stunning jewel-like presence over Destin harbor. Emerald Grande offers opulent condos with views of the Gulf, Choctawhatchee Bay, East Pass and the harbor.
Find numerous restaurants, shops and nightspots at Harbor Walk Village, the site of Emerald Grande. Across the street, the famous McGuire’s restaurant offers views and fun. Pamper yourself in the on-site spa and fitness center. Park your boat in the 785 slip marina. Dive into the one … (2 comments)
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destin short sale agent: How Can Florida Homestead Laws Help You Short Sale with Judgment Liens? - 06/20/11 08:17 PM
If you are selling your Destin Florida home as a short sale, and get an approval, all is wonderful, right? Not necessarily, especially if there are judgments against you from other creditors filed in the State of Florida. For example, you may owe $25,000 on a charged-off credit card, have a defaulted car loan, small business loan, or a foreclosure from another property. In order to sell your short sale home, you would have to get your creditor to release its lien from the property being sold.
How do you end up with a lien on your Destin property from … (9 comments)
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destin short sale agent: 235 Wekiva Cove, Emerald Lakes, Destin FL 32541 - Short Sale - 06/02/11 06:24 PM
Impressive Destin Florida short sale home in Emerald Lakes with plenty of individuality. Tucked away on the circle part of Wekiva Cove, this elegant home is a stand out. The interior, recently tiled and painted throughout, has 9-10' ceilings, and a unique layout. The kitchen has new modern cabinets, quartz countertops, stainless steel appliances, new pendant and recessed lighting. The living room has gas fireplace and is partially open to the kitchen to add spaciousness. The tiled Florida room is very cool and relaxing with ceiling fans.
Master bedroom is private, with its own door to back yard. … (3 comments)
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destin short sale agent: Your High Dollar Loss Short Sale Can Be Approved - 05/31/11 08:48 PM
Do you think your mortgage is “too upside down” to do a short sale? Think again. Many Sandestin Florida homeowners bought houses and condos with loans over a million dollars in 2004-2007. Today, those property values might worth one-half of their original purchase price. With such high dollar losses and faced with financial difficulty, many of these homeowners don’t think they have a chance at a short sale. Heck, even some real estate agents question me before showing my Sandestin listings. They say: “I checked public records. You have that property listed at a BIG loss from the original mortgage amount. … (7 comments)
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destin short sale agent: Vericrest and Flagstar Approve Amalfi Condo Short Sale - Destin FL - 05/27/11 07:53 PM
Yes, you can get a short sale approval with Vericrest and Flagstar on your Amalfi Coast Condo in Miramar Beach Florida!
The Destin Florida Amalfi condo was originally encumbered by a Carrington Mortgage as senior lien, and a Flagstar junior lien. The mortgage servicing was switched from Carrington to Vericrest last year, and the Flagstar servicing went to Strategic Recovery Group (SRG). The nuances of this Miramar Beach short sale provide some material to help you with future dealings with these companies:
Vericrest Financial. The good: Vericrest is one of those short sale lenders (servicers) who will assign a … (2 comments)
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destin short sale agent: Destin Florida Short Sale - Three Challenges To Approval - 04/18/11 02:06 PM
Chase just approved this Destin Florida townhome for short sale. The process was a challenge. There were past due association fees and a judgment recorded in Walton County. In Florida, a property cannot be sold unless liens and judgments are paid or "released" at closing. Here is how we tackled the short sale:1. Chase. The Chase part of the short sale was pretty straightforward. The negotiator was difficult to reach, and I attempted calling her several times over the course of a few weeks. When I finally spoke with her, she told me her files had doubled in the last two months … (7 comments)
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destin short sale agent: Mortgage Help Expands to Santa Rosa Beach, Destin, Crestview Florida - 04/06/11 06:14 PM
If you need help making paying your mortgage in Destin, Santa Rosa Beach, Crestview or the Navarre Florida area, there is a new program available for you. The U.S. Treasury has created the “Hardest-Hit Fund” to help the states struggling the most with foreclosures. Florida is one of those states-- ranking number one in mortgage delinquencies. According to the Mortgage Bankers Association more than 24 percent of Florida mortgages are at least one payment behind or in foreclosure. The new mortgage assistance program, run by the Florida Housing Finance Corporation will be expanded to cover the entire state on April … (6 comments)
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destin short sale agent: Jetty East, Holiday Isle, Destin Florida Short Sale Approved - 03/29/11 12:02 PM
Bank of America just approved this Jetty East condo for short sale. Jetty East is located on the Gulf of Mexico beach on Holiday Isle in Destin Florida. Jetty East has a large heated pool, huge outdoor pavilion, two tennis courts, shuffle board and shuttles around Destin and more. Jetty East is also near East Pass, with its plethora of fishing boating activities and restaurant and shopping nearby on Destin Harbor and in Destin Commons.
Bank of America was the only lien holder on this short sale. The original purchase price in 2004 was about $300,000. Today’s value is less than … (3 comments)
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destin short sale agent: So You Want to Apply for a HAFA Short Sale? - 03/21/11 06:28 PM
If you are in a short sale situation, you may have heard of HAFA, Home Affordable Foreclosure Alternatives. If you qualify for this federal program, you may get waiver of deficiency, $3000 relocation fees and up to $6000 to pay off any junior mortgage lien. The paperwork to get approved is not slight, but it might be worth it! What is the paperwork required for HAFA?
-Hardship Affidavit explaining your situation
-Request for Modification Affidavit (RMA)
-Utility bill (gas, water, electric, etc)
-Frank-Dodd Certification form acknowledging you have not been convicted of mortgage or real estate related crimes in the … (7 comments)
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Wendy Rulnick "Its Wendy!" Destin FL Short Sales
Destin,
FL
More about me…
Rulnick Realty, Inc.
Address: 12889 Emerald Coast Pkwy West, Ste. 107-A, Destin, FL, 32550
Office Phone: (877) 487-9639 x 204
Email Me
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