mary esther short sales: 2009 Bob White, Mary Esther Florida VA Compromise Sale - 09/30/13 06:49 AM

This home at 2009 Bob White Ct., Quail Run, Mary Esther Florida just sold. It was a VA Compromise Sale, which is a type of short sale. Located near Hurlburt Field and Fort Walton Beach Florida, the home had appeal for military buyers, investors and renters for commuting to base. This Mary Esther home had one mortgage lien from Midland Mortgage.   After we sent in the short sale package, they ordered a VA appraisal. The property appraised for $100,000.  In order to meet VA guidelines of proceeds being at least 88.13% of appraised value, there was a counter offer to the buyer to increase … (1 comments)

mary esther short sales: 497 Managua Way, Mary Esther FL,VA Compromise Sale Approved by PHH - 08/14/13 04:56 AM

This short sale home at 497 Managua Way, Mary Esther Florida, is under contract as a VA Compromise Sale with a PHH mortgage.  It has been approved for closing within 30 days. 
What is a  VA Compromise Sale? It is the Veteran Administration’s version of a short sale.  One important point about a VA Compromise Sale is that you must have a hardship to be approved. What is a hardship? It could be PCS (permanent change of station), divorce, job transfer, medical expenses, death of a breadwinner, unemployment, reduction in pay and more.
Be aware that with a VA Compromise Sale, a portion of your VA … (0 comments)

mary esther short sales: Mary Esther FL - Chase, Compass, Eglin Federal Short Sale Approved - 10/08/12 11:29 PM

Do you have a  Mary Esther Florida home with multiple mortgages and liens that you need to short sale?  This synopsis of a recent short sale will give you an idea about possible outcomes.  An older home in Miramar Estates, Mary Esther, Florida was just approved for short sale, and had four liens.  It was a very difficult process,  but in the end - success!  Here are the details:
Senior Lien: Chase
Balance: $140,000 appr
Junior Lien: BBVA Compass
Balance:  $35,000 appr
Junior Lien: Eglin Federal Credit Union - two separate judgments
Balance: $40,000 for both liens
Current Market Value: $85,000 appr
(2 comments)

mary esther short sales: 2011 Bob White Ct., Mary Esther FL - Bank of America Short Sale - 05/09/12 10:50 PM

Spiffy West of Hurlburt house for sale at 2011 Bob White Court, Quail Run, Mary Esther Florida. This Bank of America short sale home has cathedralled living room with tall, brick fireplace. Spacious kitchen. Separate formal dining room with chair rail. Large two car garage. It is over 1300 square feet with three bedrooms and two full bathrooms. Easy location for either Hurlburt Field or Eglin Air Force Base commutes, or jaunts to the beach! Yard needs some work.
2011 Bob White Court, Mary Esther FL - short sale - offered for $113,900

It's Wendy!
Wendy Rulnick, Broker, Rulnick … (3 comments)

mary esther short sales: 172 Miramar St., Mary Esther Florida - Stylish Short Sale Listing - 10/07/11 10:09 AM

Notice this sharp Mary Esther Florida home at 172 Miramar Street? It's got style with cool windows, faux paint, cathedral ceiling and step down living room! The main living areas are tile and the bedrooms have wood laminate flooring. The corridor kitchen is bright with recessed lighting and tiled floor and has access to the outside, where you'll find a covered patio. Another wow factor? The back yard is huge! My favorite feature? The "edgy" exterior look - a classic. Very convenient location near Santa Rosa Mall, the beach, parks, Eglin AFB and Hurlburt Field. 172 Miramar Street, Mary Esther … (4 comments)

mary esther short sales: Florida SHIP and Chase Approve VA Compromise Short Sale for Eglin Airman - 11/17/10 11:11 AM

This property at 310 Evergreen, Mary Esther Florida was just approved as a VA Compromise Short Sale.  Senior Lien:  JP Mortgage Chase, loan type - VA

Junior Lien: Florida SHIP Loan
Florida SHIP (State Housing Initiatives Partnerships) is a downpayment assistance program that is managed separately by each county in Florida.  Okaloosa County SHIP  forgave the entire balance of their $12,500 junior lien.  We accomplished the debt forgiveness by sending a hardship letter to the SHIP director for Okaloosa County.  Because the seller was a forced military relocation who PCSd from Eglin Air Force Base, they forgave the debt … (5 comments)

mary esther short sales: 2005 Bob White, Quail Run, Mary Esther Florida Short Sale - Sold - 06/01/10 09:41 AM

One year later, Bank of America finally caught on to the real pricing for this Quail Run short sale home at 2005 Bob White Court in Mary Esther Florida.  This West of Hurlburt Field property, located in the greater Fort Walton Beach area, has a unique floorplan with large family room, plus formal tiled living with fireplace. The kitchen is center-isle, and there is a oversized, functional utility room/shop. One year ago, Bank of America refused an offer for $112,000.  Their appraisal at the time came in for $132,000.  So, we played the game, raised the price, then slowly lowered it.  Well, … (5 comments)

mary esther short sales: 119 Palmetto, Wynnehaven Beach Estates, Mary Esther Florida - Short Sale - 04/23/10 09:32 AM

Greetings from your new Mary Esther Florida home in Wynnehaven Beach Estates! This Fort Walton Beach short sale is a great find.  Vaulted ceilings in living area with fireplace, tiled floors, eat-in kitchen, separate dining area. Relaxing oversized screened-in patio/sunroom. Large fenced yard with storage shed, corner lot. This Fort Walton Beach short sale home is close to Eglin Air Force Base, Santa Rosa Mall, and of course, the beaches of Okaloosa Island and Santa Rosa Sound.Offered at $119,900

Search all Fort Walton Beach homes for sale.
It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or … (2 comments)

mary esther short sales: 310 Evergreen, Hurlburt Field, Mary Esther FL- Short Sale - 01/16/10 02:36 AM

Calling Hurlburt Field and Eglin AFB! Come home to Mary Esther!  This short sale house has been recently painted, with berber carpet, new ceiling fans and tile in kitchen and baths. Darling curb appeal with metal roof (about 4 years old) Central heat and air only about two years old. Bonus room with some heat and cooling not included in square footage- 280 square feet. Roomy fenced yard. This Mary Esther Florida short sale home is a quick commute to either Hurlburt or Eglin.  Ten minutes to the beach, Okaloosa Island, Santa Rosa Mall and more.Offered at $123,000.

It's Wendy!
Wendy Rulnick, … (5 comments)

mary esther short sales: I Need a Broker Price Opinion- This is a Comparative Market Analysis! - 01/08/10 12:18 AM

I recently got a Mary Esther Florida short sale approved by HSBC, who always provide interesting twists to their short sales.  Here is the story:
Property:  Owner occupied home in Mary Esther Florida
Market Value:  $130,000
Senior Lien:  Wells Fargo - VA loan  - $190,000
Junior Lien:  HSBC -  $40,000
Getting the VA compromise sale approved by Wells Fargo was the easy part of this short sale.   Getting approval from HSBC, the junior lien, was a different story.  HSBC had farmed out its collection efforts to a company called Professional Recovery Services.  After months of waiting for a response on short sale approval, … (13 comments)

mary esther short sales: Bank of America Approval Letter- Version 2 - What "Deficiency"? - 08/19/09 11:32 AM
Alas!  There is more than one version of the Bank of America approval letter.  One without the dreaded "deficiency" reference.  Mind you, not stating they reserve the right to pursue a deficiency may not mean Bank of America has given up that right, but it does cause less trepidation.Here is an approval I just received for a Mary Esther Florida short sale property:

Deficiency... what deficiency?  My theory - they are leaving out the deficiency reference, but not "forgetting" about it!

It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.
Destin Florida Real Estate
Destin Short Sales & … (24 comments)

mary esther short sales: VA Short Sales: "Stuck" With Appraisals for 6 Months! - 06/21/09 05:15 AM
I recently had a short sale contract on one of my listings in  Mary Esther, Florida, where the seller had a VA (Veterans Administration) home loan.  A VA short sale  is called an "Offer in Compromise". The offer price was $120,000, which I thought was reasonable given the condition of the property.  Wells Fargo, the short sale lender, ordered an appraisal.  Not just any appraisal, but a VA appraisal, called a " Notice of Value" or NOV.
The seller's short sale VA appraisal came back at $135,000, much higher than the offer and fair market price, in my opinion.  The buyer backed out … (13 comments)

mary esther short sales: SHORT SALE BPOs “Teaching to the Test” - 10/30/08 08:51 AM
One of the biggest hang-ups in selling Short Sales is dealing with BPO values.  Frankly, I find BPO prices tend to swing just under list price.  This is why I call it "teaching to the test".  Except in this case, the BPO agent uses the list price as a guide, and usually discounts it a bit.  (Not all BPO agents do this-- I know many are quite experienced.)  But human nature would tend to make a rule-bound valuation method error-prone, because it does not allow for "big picture" analysis.  For example, I have a Short Sale listing in Mary Esther Florida.  … (12 comments)

mary esther short sales: 4 SHAMROCK DR, MARY ESTHER, FL 32569 - 08/16/08 03:31 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)

mary esther short sales: Saved from Foreclosure- My Best Real Estate Sale on the Emerald Coast - 02/16/08 03:54 AM
A few weeks ago I wrote a blog about an imminent foreclosure for one of my sellers in Mary Esther FL - "The 11th Hour".  We had little time and a foreclosure sale date set at the Okaloosa County courthouse steps for 11:00 a.m. the next business day, when I finally got an offer on the property.  I wrote how I frantically and repeatedly tried to call and fax Litton Loan Services to stop the sale and consider the short sale offer.  How no one would call me back or let me know if the sale had been stopped.  I eventually heard back from … (13 comments)

 
Wendy Rulnick, "It's Wendy... It's Sold!" (Rulnick Realty, Inc.)

Wendy Rulnick

"It's Wendy... It's Sold!"

Destin, FL

More about me…

Rulnick Realty, Inc.

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

Mobile: 850-259-0422

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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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