fort walton beach florida short sales: Aurora Approves Blue Dolphin, Okaloosa Island FL - Short Sale - 01/26/11 07:13 PM
This Blue Dolphin condo on Okaloosa Island Florida was just approved for short sale by Aurora Loan Services. Blue Dolphin is a small gulf-front complex on Abalone Court, Fort Walton Beach FL. The original loan amount was $604,000 in 2007. Today, market value is about $340,000. Aurora Loan Services was slow to approve this Okaloosa Island short sale. They were not familiar with short-term vacation rentals, and continually asked for proof of rental income and leases. Typical short-term rentals don't have standard leases, since they are only for a day or two at a time. They are really more … (9 comments)
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fort walton beach florida short sales: 20 Audrey Dr., W., Fort Walton Beach FL - Short Sale - 11/02/10 12:29 PM
Attractive Oakland subdvision home with big spaces! 20 Audrey Drive is a Fort Walton Beach Florida short sale. Large family room with bay window, lots of light, generous kitchen. Expanded master bedroom adds square footage. HUGE yard with above-ground pool and deck. New pool liner 2010. New roof 2004 and new garage roof 2009. Good location near Santa Rosa Mall shopping and convenient to Eglin Air Force Base or Hurlburt Field.20 Audrey Dr., W, Fort Walton Beach FL - short sale - offered at $99,900
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 … (2 comments)
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fort walton beach florida short sales: Wells Fargo Approves Fort Walton Beach Short Sale - Swift and Strange - 11/01/10 04:35 PM
I just received approval for a Wells Fargo short sale in the Bayou Subdvision, Fort Walton Beach Florida. The approval was a swift 30 days, but the journey getting there was strange. Here is a summary
9/29 – Short Sale package faxed to Wells Fargo
10/5 – Broker Price Opinon completed
10/22- Negotiator asks for $1000 cash contribution from seller. Seller asks if buyer can pay this fee, negotiator says “YES”. Buyer agrees to reduction in buyer credit.
10/23- Revised Settlement Statement (HUD) sent to Wells Fargo increasing their net by $1000 by reducing buyer credit
10/24- Negotiator says “unacceptable”, … (3 comments)
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fort walton beach florida short sales: Regions Approves Waterscape Short Sale, Okaloosa Island Florida - 08/25/10 01:39 PM
Regions Mortgage speedily approved a Waterscape condo for short sale in Fort Walton Beach, Florida. This Okaloosa Island condo was decorated with luxury in mind. The kitchen had granite counters, undermount sink, stainless steel appliances. The bunk room was an added bonus. Waterscape has two pools, two hot tubs, waterfall and impressive work-out center. This Waterscape unit had a Regions mortgage of about $450,000. The sale price was about $260,000.How did Regions approve this short sale in just two weeks?- Complete package submitted to lender- Strong fair market value offerIf you are considering selling your Okaloosa Island condo to avoid foreclosure, contact an experienced … (5 comments)
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fort walton beach florida short sales: Bank of America Short Sale - Lengthy Approval and Speedy Closing? - 07/16/10 05:00 PM
Bank of America just approved the short sale for Island Princess Unit 310 on Okaloosa Island, Florida. It took a longer-than normal 4.5 months. And we're going to have a hard time complying with the closing requirements....
The approval letter date: yesterday.
The closing deadline: today.
Enough said.
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
Fort Walton Beach Florida Real Estate
Fort Walton Beach Short Sales & Pre Foreclosure Help.
Read Wendy's Fort Walton Beach Real Estate Blog
Wendy is a short sale and pre-foreclosure … (70 comments)
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fort walton beach florida short sales: How Many BPOs Does It Take To Get The Short Sale Price Right? - 07/07/10 03:36 PM
The games we short sale agents must play! Here is a perfect illustration about why short sale lenders should not rely on one value, called a Broker Price Opinion (BPO), to decide if an offer is the right price.1. I list a Fort Walton Beach Florida short sale at what I believe is close to market value- $89,900. I've been doing this for awhile, so my philosophy is to price where other comparable properties will support this value, using recent sales, competition, pendings and expireds. 2. I receive an offer in the $80,000s. The seller and I discuss that this is likely in range of what the BPO … (6 comments)
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fort walton beach florida short sales: 225 Fliva Ave., Fort Walton Beach Florida - Short Sale - 07/01/10 05:24 PM
From the wonderful lawn to the many improvements- this Fort Walton Beach Florida short sale home is easy to love! 225 Fliva Ave., in the Bayou Subdivision, has new hardwood floors, remodeled kitchen with custom cabinets, Corian counters, and all new lighting. That's just a start. All windows have been replaced, new air conditioner and new paint! The exterior is brick, the street appeal is upscale. Located in the Bayou Subdivision in the Cinco Bayou area, just a few minutes to Eglin Air Force Base, Hurlburt Field, or especially, the beaches of Okaloosa Island and Destin Florida. Make it yours!225 Fliva Ave., Fort Walton … (3 comments)
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fort walton beach florida short sales: Blue Dolphin Condo #302, Okaloosa Island, Fort Walton Beach Florida - Short Sale - 06/29/10 03:34 PM
If you like a bit more privacy on your beach jaunts, then this Blue Dolphin short sale condo on Okaloosa Island Florida is for you! Blue Dolphin is small waterfront complex let's you get away from the crowds... Lounge at the beachfront pool, use the convenient dune-crossing boardwalk to Gulf of Mexico waters! This Fort Walton Beach short sale condo has high ceilings, granite counters, tile floors and covered parking. Long balcony for after-sun breezes and wave-watching. Beautifully decorated. Okaloosa Island is in Fort Walton Beach Florida, near great restaurants and shopping in Destin Florida, too. Emerald green waters await you. What … (3 comments)
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fort walton beach florida short sales: 940 McFarlan Ave., Shangra Woods, Fort Walton Beach Florida - Short Sale - 06/18/10 05:08 PM
Spacious end unit in the Shangra Woods townhome complex at 940 McFarlan Ave. This Fort Walton Beach short sale home has an open feeling, with breakfast bar between the kitchen and living room. Want a roommate? Two bedrooms up, each with its own full bath is th perfect set-up. Large double driveway for generous parking. Air conditioner new 2007, new roof 2005, two high impact windows, per seller. This Shangra Woods townhouse is in a great Fort Walton Beach location in Ocean City. Easy commute to Eglin AFB and Hurlburt Field. The beaches of Okaloosa Island are about ten minutes away.Offered at $88,700.
It's Wendy!
Wendy Rulnick, … (4 comments)
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fort walton beach florida short sales: U.S. Military PCS Short Sale? Chase Tells Eglin Air Force Base Airman - They Don't Care - 04/28/10 06:40 PM
Are you a U.S. military service member at Eglin Air Force Base who has been relocated by the government to a new base? Do you have to do a short sale? Is your lender Chase? If so, you may not get any special consideration, despite PCS (permanent change of station) orders.
I am currently in negotiations with Wells Fargo and Chase, as junior lien holder, for a Fort Walton Beach Florida short sale. The Eglin Air Force Base seller was transferred, or PCSd (permanent change of station), to a new base and had to sell his home. Of course, he was … (2 comments)
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fort walton beach florida short sales: Carrington Mortgage and Flagstar Bank Approve Fort Walton Beach Florida Short Sale - 04/13/10 03:28 PM
My most recent Fort Walton Beach short sale approval was like going through ten rounds in a boxing match. The senior lien, Carrington Mortgage, initially wanted the seller to pay a $150,000 promissory note, or about $450 per month, to cover the loss. The seller, having no income, said no. Carrington then dropped the request and asked for a cash contribution of $10,000. Again, the seller said no. After weeks of wrangling, Carrington settled for the contract proceeds without any promissory note or cash contribution, and approved the short sale. Flagstar Bank, the junior lien, received a small contribution from the buyer. Here is … (9 comments)
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fort walton beach florida short sales: Don’t Buy a Short Sale... And "Roll the Dice" on Your Tax Credit! - 08/23/09 11:57 AM
How many times have I asked agents writing offers on my short sale listings to allow 120 days for lender approval? I have it in my MLS notes, I tell them by email and by telephone. And yet, I repeatedly get offers with 45-day approval time lines. Yesterday I received an offer on a Fort Walton Beach Florida short sale listing with a closing date of November 25 and 45 days for short sale approval…. Hmmmm…. I wonder why….? OH Yeah! The First Time Home Buyer Tax Credit! Bingo! The final day by which a property must close would be November … (20 comments)
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