Wednesday, August 29, 2012

Lot 127, Baytowne Loop, Villa Lago, Sandestin FL - Short Sale Lot


 Sandestin short sales
Want to build a new home on Baytowne Loop in Sandestin Florida? This short sale lot is in Villa Lago, a small community in the premier gated Sandestin resort of Miramar Beach Florida. This building lot is a Bank of America short sale. You’ll have views in Villa Lago of the Baytowne Golf Course, lake and canal view. You can walk to Baytowne Wharf, dine at fine restaurants, take advantage of tennis, fitness, beach, shopping, bay and more with many memberships available in this resort community. Villa Lago is a non-rental neighborhood with villa style homes. You’ll find access to all good things in nearby Destin and Grande Boulevard, too. Architectural guidelines for Villa Lago (attached or ask your Realtor) state: All residences shall be two-story construction and have a minimum of 1605 square feet and a maximum of 3100 square feet. Square footage is defined as that which is heated and cooled (to include garage) and does not include porches. If you need a builder for your Sandestin short sale lot, we can help you, too.
127 Baytowne Loop, Sandestin, Miramar Beach FL - Offered for $79,900
Sandestin short salesSandestin short salesSandestin short salesSandestin short salesSandestin short salesSandestin short sales
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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Seminole, Niceville FL Bank of America Ginnie Mae Short Sale Approved


Niceville Ginnie Mae Short Sale Agent Niceville Ginnie Mae Short Sale Agent

This house at 1425 Hickory Lane, in the Seminole area of Niceville Florida, was just approved for Bank of America short sale closing.  It was a long process, with delays due to department changes at Bank of America, but in the end - success!  Here are the details:

First Mortgage Holder: Bank of America

Second Mortgage: None

Mortgage Type: USDA Ginnie Mae

Original Mortgage: $180,000 appr

Current Value: $70,000 appr

Deficiency Judgment: Waived

Seller Cash Contibrution: None

Seller Promissory Note: None

A USDA Ginnie Mae short sale (called ”pre foreclosure sale” at Ginnie Mae), is not processed through Equator, Bank of America’s online processing platform. Ginnie Mae does not issue a letter that states deficiency (or the remainder of your note after selling the property is waived).

USDA loss mitigation guidelines, however, state there is no pursuit for the balance of the unpaid note. I researched online and found the following information about USDA loans sold as short sales "A borrower who successfully sells the property securing the loan using the PFS option is relieved of the mortgage obligation.  The borrower shall not be pursued for deficiency judgments by either the Servicer or the agency".  What other things should you know about USDA short sales? You must have a hardshp, be at least 31 days late on your mortgage payment or facing imminent default.  
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com
It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.

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Thursday, August 16, 2012

Villa Tasso, Niceville Florida Lot - Short Sale Approved by BB&T


BB&T Short sale
A Niceville Florida lot sold, approved for short sale and closed in 30 days? How common is that? Not very! Yet, we had a successful sale of this Villa Tasso lot on Robert Ave., Niceville, Florida in just that time!  Here are the statistics:
Mortgage Holder:  BB&T
Original Purchase Price: $60,000
Purchase Year: 2005
Current Market Value: $20,000
Short Sale Approval Time: 3 weeks
Deficiency Judgment: Waived
Seller Contribution: None
My suggestion to anyone who needs mortgage assistance with BB&T in the Niceville Florida area is to contact them as soon as you have a problem. BB&T is one of the short sale lenders who will assign a specialist to you in advance, and give you financial paperwork to get the ball rolling.  Their process is much quicker than other lenders, for example, Bank of America, Wells Fargo, Citi and Chase. After the seller hired me, I sent my authorization to the contact he already had. We communicated by email. The lot went under contract in about a week.  I forwarded the contract, HUD, last year of bank statements (an unusual short sale request) to BB&T.  It was approved in lightning speed!
If you have a Niceville Florida property to sell as short sale, be sure to contact a Niceville short sale agent who can guide you through the process.
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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Monday, August 6, 2012

130 Shoreline Dr., LaGrange Shores, Freeport FL - Waterfront Sold


Freeport Florida waterfront home
This exquisite, custom home on LaGrange Bayou in Freeport Florida just sold.  Properly priced, it went under contract in six days. With 200 feet on the water. the home has magnificent views. Set on 1.25 acres and over 3500 square foot it makes a perfect residence near both South Walton and Destin Florida beaches.  Brazilian cherry stairways, 10-20 foot ceilings in the first floor, living room with double-sided fireplace and a wetbar with wine cuvee and refrigerator. Kitchen is a cook's masterpiece, with a multitude of pull-outs. Granite counters, cherry cabinets, tile backsplash, ambient lighting, G.E. Monogram appliances, two ovens with convection option, separate warming oven, pot filler, instant hot, and two sinks. It has a three car side entry garage.
Comprehensive marketing for this LaGrange Shores waterfront home included custom blogs on multiple platforms, advertising on over 70 websites and a thorough and comprehensive buyer presentation.
Listed at $629,000, this Freeport Florida bay front home went under contract in six days and closed 30 days later for $599,000.
If you are considering selling your waterfront home, be sure to contact an experienced Destin waterfront agent.
Freeport Florida waterfront homeFreeport Florida waterfront homeFreeport Florida waterfront homeFreeport Florida waterfront homeFreeport Florida waterfront homeFreeport Florida waterfront home

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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Friday, August 3, 2012

3021 Yorktown Ci, Wright, Fort Walton Beach FL - Short Sale Approved


Willow Bend Wright short sale
This home at 3021 Yorktown Circle, Fort Walton Beach Florida was just approved for Bank of America short sale.  Located in the Willow Bend area of Wright, near Eglin Air Force Base, it is being sold as an investment property.  The Bank of America approval time was lengthy, but the results successful. Here are the details:
First Mortgage: Bank of America

First Mortgage Balance: $83,000 appr
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com

Second Mortgage: Bank of America
Second Mortgage Balance: $60,000 appr
Current Market Value: $80,000 appr
Mortgage Types: Conventional
Short Sale Deficiency: Waived
Seller Contributions: None
Notes: The approval time for this Willow Bend Bank of America short sale was almost four months. Why so long? Bank of America originally tried to process this file as a HAFA (Home Affordable Foreclosure Alternative), which it did not qualify for. Two weeks were lost.  A new negotiator took over the file. The contract had to be re-signed by all parties removing the property from a trust. The buyer was in a remote area and could not return documents for a week at a time. More days were lost.  Bank of America did not counter offer the contract price which was fair market value.  Both notes will be "settled" and there will be no deficiency judgment.  There was no request for seller cash contribution or promissory note,even though this was an investment property.
If you need to short sale your Willow Bend, Wright property, contact an experienced Fort Walton Beach short sale agent.
Read more Fort Walton Beach Florida short sale success stories.
It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Fort Walton Beach FL short sale help

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