Monday, April 26, 2010

Saxon Approves Driftwood Estates, Santa Rosa Beach FL Short Sale in 15 Days!



Miracles? Saxon Mortgage quickly approving a short sale? Compared to Saxon horror stories of the past, this Mack Bayou, Driftwood Estates short sale in Santa Rosa Beach Florida - was a dream! Here is the story:

Property: House in Driftwood Estates, Santa Rosa Beach, FL

Mortgage: Saxon - balance $300,000

Offer: about $190,000

Promissory Note: -0-

Cash Contribution: -0-

Approval Time: 15 days!

Keys to Approval: Strong contract at fair market value, no extraneous closing costs, complete short sale package prepared. Diligent follow up by listing agent with Saxon.

If you need to avoid foreclosure, and do a Santa Rosa Beach short sale, consider hiring an experienced Santa Rosa Beach short sale agent.

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

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400 Shrewsbury Rd., Mary Esther Florida 32569 - Short Sale


400 Shrewsbury Rd., Mary Esther, FL 32569

Fort Walton Beach Florida Home for Sale- $119,900

Pleasant Mary Esther Florida short sale home in Bryn Mawr Park with fenced back yard, Florida room open to rest of house. Much remodeling has been done for you! Kitchen cabinets new about 2004. Roof replaced and new a/c about 1999 with new ductwork run. Windows replaced, double pane, new outside doors. Replaced sprinkler system, deep well about 1999. Some updated electrical work, too. Extra deep garage can park 3 cars or more. Great for workshop with garage door on front and back. Small covered front entrance with etched storm door. This Mary Esther home for sale is in Fort Walton Beach Florida. Very convenient to Eglin Air Force Base, Hurlburt Field and the beaches on Okaloosa Island.
Details
Sq. Feet:1136 Bedrooms:3 Bathrooms:1.5 Subdivision:BRYN MAWR PARK Year Built:1961


It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com

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Beach House Condo for Sale Unit 302D, Destin, Florida 32550

This Beach House condo for sale in Destin Florida comes with 650 feet of beach frontage. Tastefully decorated in the Florida cottage style, this unit will attract many renters. The kitchen is full of upgrades, with wood cabinets, newer countertops and with a conveniently located stacked washer/dryer. Sit on your balcony and watch sunrises and sunsets over the Gulf of Mexico. Or walk a few sandy steps and sit with the tide lapping at your feet, under an umbrella. Beach House Condo has great location in Destin Florida. Shop at nearby Silver Sands, Grande Boulevard, Village of Baytowne Wharf, Destin Commons. This great investment can also help pay for itself with rental income.

View the video of Beach House Condo Unit 302D, Miramar Beach, part of Destin Florida.

Offered at $365,000.

Contact Rulnick Realty, Inc. Destin Florida

Call toll free 1-877-487-9639

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Carrington Mortgage and Flagstar Bank Approve Fort Walton Beach Florida Short Sale



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 the summary:

Short Sale property: Single Family home in Fort Walton Beach Florida

Senior Lien: Carrington Mortgage – balance $570,000

Junior Lien: Flagstar Bank – balance $100,000

Short Sale Offer: $375,000

Flagstar Cash Contribution: $5500 (from senior lien and buyer)

Time for Approval: Four months (it felt like six)

If you are considering selling your Fort Walton Beach Florida home as a short sale, it is best to hire an experienced real estate agent.

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

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Wednesday, April 7, 2010

627 Bayou Village Dr., Sandestin Florida - Condo For Sale - 32550


Lakefront villa! A Sandestin Florida condo in Bayou Village- with great views from both up and downstairs. Unit has updated living room furniture, new high-end drapes acroos glass-paneled wall overlooking the water. Watch the ducks come by every day at 2:00. The air conditioner and and ductwork are new. New exterior pavers. Screened porch for cool evenings. Enjoy Sandestin amenities, including world-famous golf (four courses), tennis, 98 slip-boat marina, bike trails, health club, spa, restaurants, shopping and the beach! This Bayou Village, Sandestin condo will put you in the heart of Destin Florida sun, shopping, and surf!

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

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Tuesday, April 6, 2010

11 N. 4th Street, Town of Santa Rosa, Santa Rosa Beach FL- 32459 - Short Sale


This home in the Town of Santa Rosa, Santa Rosa Beach Florida, is set among pine trees on 3 lots in the country. The living room has a bay window and a see through rock fireplace to the dining area. Hardwood floors finish the living a dining area. The country kitchen features wrap around cabinets. The master bedroom is spacious, and the additional bedrooms have a jack and jill bathroom, and a half bath for your guest. This home has a large screened porch for relaxing and family gatherings. There is a 2 car garage, 2 car carport and a building for a RV/Boat storage. The extra large lot offers additional privacy. This Town of Santa Rosa home is 15 minutes to the beach, shopping, Sacred Heart Hospital, the new Publix and more!

Offered at $130,000. The short sale lender, Selene, says short sale approval will be swift after offer.

Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204

Santa Rosa Beach Florida Real Estate

Santa Rosa Beach Short Sales & Pre Foreclosure Help.

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.

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66 Driftwood Point Rd., Driftwood Estates, Mack Bayou, Santa Rosa Beach FL- 32459- Short Sale


Very open and spacious home in Driftwood Estates, in Mack Bayou, Santa Rosa Beach, Florida.

12" ceramic tile throughout main living areas. 3 bedrooms with a 4th room that could either be used as a bedroom or office, of which has an entry door leading out to covered patio. Formal dining room, sitting room/office, large great room with fireplace, vaulted ceilings, plant ledges. Double french doors in living area leading out to covered patio. Kitchen has solid surface counter tops with a wrap around breakfast bar overlooking great-room. Large master bedroom with double french doors leading out to covered patio. Master bath with double vanities, 2 separate master closets, stand alone shower and jetted garden tub. Large utility room leading out to garage. Pull down stairs into attic. 6' privacy fence, back yard. Covered front entrance. Long drive for extra parking space. Beautiful oaks in front yard. This Driftwood Estates, Mack Bayou short sale home is 15 minutes to the Gulf of Mexico Beach, Grande Boulevard, Baytowne Wharf and more. View the video of 66 Driftwood Point Rd.

This Santa Rosa Beach short sale home is offered at $209,700.

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

Monday, April 5, 2010

Green Tree Approves Elliotts Point, Fort Walton Beach FL Short Sale


Green Tree Servicing has approved the short sale on this home in Elliotts Point, Fort Walton Beach Florida. The odd thing about the approval was that Fannie Mae initially rejected the short sale because the seller was current on his payments, even though he had a hardship, as I wrote in "Current on Your Mortgage? Short Sale Denied!". He was told he could get 30 days behind, then resubmit the short sale package. He did so, and another 30 days later, the sale was approved!


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

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So, You Have A Cash Offer for My Short Sale Listing?


Being a short sale listing agent in Destin, Florida, each week I receive offers on my listings. At least once a week, I hear the same thing from the buyer's agent:

“I have a CASH buyer for your short sale listing! He can close immediately.”

OK, then what are you expecting from me? And the short sale lender? Do you realize that a CASH offer makes NO DIFFERENCE to the short sale lender? Do you know where your offer goes? To the bottom on the pile. (With the 20,000 other offers in queue.) Bank of America does not put your offer in a special pile, marked “CASH- look at these first”. Wells Fargo does not set aside all the other offers to look at the financing terms of yours. Citi does not expedite your cash offer for approval.

What DO the short sale lenders care about? They care about Line 504 of the HUD, "Payoff of First Mortgage". That tells them what they are going to NET after their expenses. It does not matter if the buyer wires the funds out of his own account (cash) or the buyer’s mortgage lender wires the funds to closing. It all becomes CASH.


Sure, if you were selling a traditional listing, that is not a short sale, "cash" might make a difference. A traditional seller might discount for the lower-risk buyer and quicker closing. But a short sale listing is a loss to the lender. They don't care how you get your money. What they will want to see, in any case, is proof of funds or a mortgage pre-approval.

It may not be fair to the cash buyer to have to wait like the rest of the short sale offers, but it is reality. So next time you tell me your offer is “CASH”, and I don’t get too excited, don't take it personally.

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

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1630 Seacove Condominiums, Unit 8G, Destin Florida - 32550


This Destin Florida condo for sale is in a great location in Miramar Beach in gated Seacove Condominium on Scenic Gulf Drive (Old Hwy 98) and steps to the deeded beach access. This unit has the best views of the two pools and gazebo. Some furniture to remain. The upgrade to create a second bedroom and full bath is complete. This Destin Florida condo is close to Silver Sands Shopping, Baytowne Wharf, Grand Boulevard and Destin Commons. More importantly, the beach! Come see it and make an offer!

Rulnick Realty, Inc.

Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Destin FL Real Estate
Destin Short Sales & Pre Foreclosure Help.

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