Florida SHIP and Chase Approve VA Compromise Short Sale for Eglin Airman

By
Real Estate Broker/Owner with Rulnick Realty, Inc.

Eglin VA Compromise Sale

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 in full.  Don’t count on total forgiveness in other counties in Florida. Each request for a short sale is individually reviewed. 

Chase approved the VA Compromise Sale in one day.  They already had the seller’s financials and a VA Compromise Appraisal on file (good for six months).  The last buyer refused to increase her offer to meet the required net based on the appraisal.  The Chase negotiator said he would keep the file on his desk for me for thirty days - in case we got lucky with another buyer.

Guess what?  We got lucky!

If you need assistance with a VA Compromise Sale, Short Sale, SHIP loan or HAP PCS sale on the Emerald Coast of Florida, contact me.

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

Eglin AFB Short Sales & Pre Foreclosure Help.

Read Wendy's Eglin AFB Real Estate Blog

Wendy is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". Call Wendy Rulnick, Broker/Owner,to list and sell your home or condo on the Emerald Coast of Florida in Walton, Okaloosa and Santa Rosa County-  Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. 

Comments (5)

Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Congratulations.  I'm meeting with some folks tomorrow to talk about a VA Compromise sale on their TH here in Northern Virginia.

Nov 17, 2010 11:19 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

One day approval!

That says more about the package than chase.

This program needs allot more coverage to get the word out.

Great work.

Bill

Nov 17, 2010 12:47 PM
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

I don't think luck had much to do with it...it's the experience of your company and proper representation of the property!  

Nov 17, 2010 10:17 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Nice job Wendy.  I'm sure there's a special sense of satisfaction when you help our military folks out of a jam.

Nov 17, 2010 11:47 PM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

One day is absolutely amazing but if anyone could pull it off it is you Wendy!

Nov 17, 2010 11:47 PM