Real estate blog entries tagged with destin short sales

Blog entries tagged with "destin short sales":

destin short sales: Another Countrywide Short Sale Approved - 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 … (0 comments)

destin short sales: 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. … (6 comments)

destin short sales: 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 … (3 comments)

destin short sales: 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 … (84 comments)

destin short sales: 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 … (4 comments)

destin short sales: Destin Foreclosures and Short Sales as of 8/3/2008 - 08/03/08 03:58 PM

http://www.joshmcleanhomes.com/buyer_mistakes.asp

Foreclosures, Homes and Condos-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7214553107
Short Sale Condos-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7214553109
Short Sale Homes Under $410,000-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7214553111 Short Sale Homes Over $410,000-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7214553113
Foreclosure and Short Sale Lots-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7214553117
… (0 comments)

destin short sales: Short Sale Promissory Notes: Getting More Common - 07/24/08 08:16 AM

Do you have a Short Sale with a second mortgage? Or perhaps PMI involved? Or Fannie Mae? Two of my Destin Florida real estate sellers have recently been asked to pay up. Here's the scenario:
Santa Rosa Beach FL Short Sale:
Owes $325,000 on first - Everhome Mortgage Owes $90,000 on second - … (40 comments)

destin short sales: 4775 Westwinds, Sandestin Florida - 07/21/08 06:11 PM

It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Specializing in Destin Florida real estate, Sandestin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt … (1 comments)

destin short sales: Appraisal Rebuttal: First American-SunTrust Short Sale - 07/03/08 08:49 AM

Do you have a First American Bank (subsidiary of Suntrust) Short Sale with a Fannie Mae-backed mortgage? If so, prepare for difficult times proving contract price in a declining market. Unlike many other lenders, First American is proactive working with the homeowner ahead of time in the Short Sale process. And in doing so, … (15 comments)

destin short sales: Countrywide: Just the "FAX" Please! - 07/01/08 05:57 PM

Remember when you were little, there was a game when you'd whisper something in someone's ear, and they would whisper it to the next person, etc, and by the time it got to the last person, the story had changed? Well, it still happens in the grown-up world, and it's pretty scary … (15 comments)

destin short sales: Available Destin Foreclosures as of 6/25 - 06/25/08 05:07 PM

Visit www.JoshMcleanHomes.com for Information.
… (1 comments)

destin short sales: How Many Countrywide Short Sales in Review? - 06/25/08 11:55 AM

If you are working on a Countrywide Short Sale you may want to know that as of today:
Countrywide has 27,000 Short Sale files in review.
Best of luck with your approval!
It's Wendy!
Wendy Runick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Specializing in SHORT SALES and FORECLOSURES on … (14 comments)

destin short sales: How To Keep Short Sale Buyer Agents Happy - 06/24/08 06:36 PM

Are you a Short Sale listing agent? If so, you know the importance of having those buyers hang in there for three, perhaps four months after submitting an offer to the Short Sale lender. It is critical to keep their selling agents in the loop with frequent updates, and a "team" approach … (14 comments)

destin short sales: 217 Dolphin Estates, Destin, FL - 06/20/08 03:28 PM

It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Specializing in SHORT SALES and FORECLOSURES on the Emerald Coast of Florida: Destin, 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, … (0 comments)

destin short sales: CHASE: Won't Forgive and Forget - 06/12/08 06:44 PM

Do you have a CHASE Short Sale? If so, expect to read this on your approval letter:
"The customer is still responsible for all deficiency balances per the terms of the original loan documents."
Yes, they might approve the Short Sale with this sentence "Chase agrees to release its security interests in … (15 comments)

destin short sales: Short Sales: "One" Strong Contract = Success - 06/02/08 06:53 PM

I get calls daily on my Short Sale listings from agents who think I send multiple signed or unsigned offers to the Short Sale lender with equal position. That is- like an auction. Well, I don't. Per my MLS board approval, I leave listings active with the comment: "Contingency contract, bring your … (13 comments)

destin short sales: 601 BEACH DR, DESTIN FL 32541 - 05/30/08 04:43 PM

It's Wendy!
Wendy Rulnick, Broker Rulnick Realty, Inc.
Selling FORECLOSURES, SHORT SALES and REAL ESTATE on the Emerald Coast of Florida: Destin, Fort Walton Beach, Santa Rosa Beach, Sandestin, Niceville, Mary Esther, Navarre and vicinity.
Call 1-877-487-9639 ext 204 Call for current pricing.
Search Destin real estate listings.
Get Destin … (0 comments)

destin short sales: Two Approvals! - 05/09/08 05:02 PM

I received two Short Sale approvals- one today and one yesterday- from Countrywide and ASC/Wells Fargo. It's going to be a good weekend!
1. ASC/Wells Fargo: Package was submitted on February 22. It took ten weeks, about 2.5 months for approval. The offer was countered early on.
2. Countrywide: Submitted on March 2, only … (11 comments)

destin short sales: Golf Villas Unit 203, Destin, FL 32541 - 05/05/08 05:44 PM

Contact: Wendy Rulnick, Broker Rulnick Realty, Inc.
www.ShortSales-EmeraldCoast.com
www.RulnickRealty.com
850-650-7883 ext 204
… (0 comments)

destin short sales: 4519 John Ave, Destin, FL 32541 - 05/05/08 05:41 PM

Contact: Wendy Rulnick, Broker Rulnick Realty, Inc.
www.ShortSales-EmeraldCoast.com
www.RulnickRealty.com
850-650-7883 ext 204
… (0 comments)

destin short sales: Destin Short Sale - 05/05/08 05:38 PM

Contact: Wendy Rulnick, Broker Rulnick Realty, Inc.
www.ShortSales-EmeraldCoast.com
www.RulnickRealty.com
850-650-7883 ext 204
… (0 comments)

destin short sales: Foreclosures, Short Sales & Credit Scores - 04/18/08 04:40 PM

"How will a Short Sale affect my credit?"
I am often asked this question by sellers pondering foreclosure or deed-in-lieu of foreclosure versus a Short Sale. It may be easier to look at how foreclosure affects credit in ways that a Short Sale does not. Kenneth R. Harney, of the Washington Post, recently … (0 comments)

destin short sales: Bank That's Never Done a Short Sale - 04/07/08 05:20 PM

Much of my Emerald Coast market is both resort and military. There are at least three air force bases in the Destin-Fort Walton Beach area, so I do a lot of real estate business with military members. One of my recent Short Sale listings used a local air force credit union for his … (5 comments)

destin short sales: LOT 2 PARK PLACE AVE W, ROSEMARY BEACH, FL 32413 - 04/01/08 07:00 PM

destin short sales: Countrywide Short Sale Closings: Never Give Up! - 03/27/08 05:24 PM

Background: Countrywide Short Sale Approved to close by March 28.
March 27- Day before closing: Buyer is approved by his own lender for closing, but lender package will not be ready until April 2, past Countrywide deadline.
Wendy Rulnick to Countrywide: "Buyer's lender said they are backed up. Cannot close by your date, … (4 comments)

destin short sales: PAVILION PALMS, #204A, DESTIN FL 32550 - 03/27/08 08:46 AM

destin short sales: 242 BEACON WAY, SANTA ROSA BEACH, FL 32459 - 03/08/08 09:12 AM

destin short sales: Blue Surf Townhomes Units 10A and B, Destin, FL 32550 - 03/06/08 04:51 PM

It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Specializing in SHORT SALES and FORECLOSURES on the Emerald Coast of Florida: Destin, Fort Walton Beach, Niceville, Santa Rosa Beach, Crestview, Navarre, Blue Mountain Beach, Dune Allen, Watercolor, Rosemary Beach, Seacrest Beach, Bluewater Bay, Shalimar, Mary Esther, Freeport, Eglin AFB, Hurlburt … (0 comments)

destin short sales: Countrywide Short Sale: Case Study - 03/01/08 12:30 PM

Following is a case study of a Countrywide short sale negotiating process.
Property:   Single family home in Navarre, Florida- an investment property with tenants
Seller Hardship:   Rent does not cover mortgage payment, medical, job loss
List Price: $142,000
Seller Mortgage: $188,000
Offer: $135,000
Countrywide Appraisal: $152,000 (higher than list price)
Buyer Counter:   … (51 comments)

destin short sales: 83 Albatross Court, Santa Rosa Beach, FL 32459 - 02/23/08 11:35 AM

It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Specializing in SHORT SALES and FORECLOSURE work-outs for real estate on the Emerald Coast of Florida: Destin, Santa Rosa Beach, Fort Walton Beach, Navarre, Niceville, 30-A, Seagrove, Watercolor, Seaside, Grayton Beach, Bluewater Bay, Shalimar, Mary Esther, Crestview. Call 1-877-487-9639.
www.ShortSaleForeclosureHelp.com
www.RulnickRealty.com
… (0 comments)

destin short sales: Buying Short Sales - 02/17/08 11:59 AM

Buying a Short Sale? What is the Process?
When you write your offer for a Short Sale, your agent should insert language into the contract that states the contract is "Contingent on seller's mortgage holders' approval". Often, lenders require Short Sale properties to be sold in "as is" condition, thus not … (14 comments)

destin short sales: Saved from Foreclosure- My Best Real Estate Sale on the Emerald Coast - 02/16/08 11:54 AM

A few weeks ago I wrote a blog about an imminent foreclosure for one of my sellers- "The 11th Hour". We had little time and a foreclosure sale date set at the courthouse steps for 11:00 a.m. the next business day, when I finally got an offer on the property. I wrote how … (11 comments)

destin short sales: 87 Indian Woman Rd., Santa Rosa Beach, FL 32459 - 02/13/08 08:04 AM

It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc
Specializing in SHORT SALES AND PRE-FORECLOSURES. Serving the Emerald Coast of Florida: Destin, Santa Rosa Beach, 30-A, Fort Walton Beach, Niceville, Navarre, Crestview. Call 1-877-487-9639 or 850-650-7883.
Email itswendy@rulnickrealty.com
Short Sale Help www.ShortSaleForeclosureHelp.com
Search www.RulnickRealty.com
… (0 comments)

destin short sales: RBC Centura: Attaching Cars in Short Sales? - 02/11/08 10:46 AM

Is RBC Centura taking cars in return for Short Sales? Or is this just a hard line they are giving their borrowers?
Scenario: Seller owes $360,000 on a lot he purchased in Santa Rosa Beach, Florida. He has drained savings to keep up with the payments, and has nothing left, short of … (18 comments)

destin short sales: 124 Leeward Dr., Destin, FL 32541 - 02/09/08 10:07 AM

It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
SHORT SALE and PRE-FORECLOSURE assistance. Serving the Emerald Coast of Florida: Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Crestview, Navarre. Call Wendy at 1-877-487-9639 or 850-650-7883.
Email for Short Sale assistance itswendy@itswendy.com
For Short Sale help go to www.ShortSaleForeclosureHelp.com
Search all Emerald Coast … (2 comments)

destin short sales: Citi Rep Says "The Market" Didn't Cause Price Decline - 02/05/08 09:26 AM

Today's Mission: To prove to Citi short sale negotiator that market values have declined in my area.
Scenario: House with short sale offer for $225,000.
First Mortgage: Saxon - $258,000
Second Mortgage: Citi - $80,000
What Citi Negotiator Says: "How could value be so low?"
Wendy: "The market"
Citi: "Hmmph... I don't believe that market … (17 comments)

destin short sales: Marbella Unit 2B, Destin, FL 32541 - 02/04/08 03:04 PM

… (2 comments)

destin short sales: Marbella Unit 1G, Destin, FL 32541 - 02/04/08 02:36 PM

… (0 comments)

destin short sales: 130 Cypress Breeze, Santa Rosa Beach, FL 32459 - 02/04/08 01:30 PM

… (0 comments)

destin short sales: Qualify Your Short Sale Selling Agents - 01/30/08 10:05 AM

I've been working a Countrywide short sale (one of many) since November, and finally got approval yesterday. The Countrywide demand letter stipulated closing by January 31. After weeks of the buyers' agent asking for final approval, I am now told the buyers may not be able to close on time. They want seven … (13 comments)