Wendy Rulnick's Blog (84)

Bank of America Approves HUD Pre Foreclosure Sale - DeFuniak Springs FL

DeFuniak Springs Short Sales



This home at 352 Hwy 2, DeFuniak Springs, Florida has been approved as a…

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Added by Wendy Rulnick on September 24, 2010 at 11:04am — No Comments

Chase Approves Destin Florida Short Sale - Quick!



Chase has approved the short sale of 1 Pine Ridge Trace, Destin Florida.

Details?…

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Added by Wendy Rulnick on September 23, 2010 at 11:30am — No Comments

The Palms Condo - Destin Florida Short Sale - Approved



This beautiful condo unit at The Palms in Destin Florida was just approved for…

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Added by Wendy Rulnick on September 20, 2010 at 10:00am — No Comments

Chase Approves Santa Rosa Beach Florida Short Sale - Loses a Bundle!

Three months can make a big difference in a market place.



Three Months Ago... Chase approved the short sale for this Driftwood Estates home in Santa Rosa Beach Florida. The sale price at the time was $230,000. But oops- the buyer's lender only appraised the home for $220,000. The buyer could not get a loan for $230,000. Despite providing Chase with the buyer's appraisal, they refused to lower their approval…

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Added by Wendy Rulnick on September 14, 2010 at 11:30am — 1 Comment

More Short Sale Myths

Short sale myths

It is scary how much misinformation there is about Short Sales. I am in the midst of negotiating an offer on one of my Destin Florida short sales. I told the buyer’s agent the seller will be counter offering.…

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Added by Wendy Rulnick on September 13, 2010 at 12:00pm — No Comments

Do You Have Time To Waste? Then Send In That Low Short Sale Offer!



Do you think you’re sneaky? Sending in a purposefully low offer to the short sale lender? You just want to find out "what” price they want so you can get a "real” offer later,…

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Added by Wendy Rulnick on September 10, 2010 at 11:57am — No Comments

GMAC Homecomings Financial Approves Crestview FL Short Sale - In 9 Days!



GMAC Homecomings Financial has just approved the short sale for this Southway Estates home in Crestview Florida. The approvel time was an amazing 9 days! How so fast?



1. GMAC had a Broker Price…

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Added by Wendy Rulnick on September 8, 2010 at 10:27am — 1 Comment

Wells Fargo Approves Sandestin Florida Short Sale



Wells Fargo, formerly Wachovia, has approved a Magnolia Bay townhome in Sandestin Florida as a short sale. The unusual part of this short sale was that the senior mortgage holder, Bank of America, was not "short".



What does this mean? The sales price of…

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Added by Wendy Rulnick on September 5, 2010 at 5:00am — 1 Comment

Bank of America Approves VA Compromise Sale - Crestview Florida

1254 Ego Drive, Crestview Florida just sold as a short sale. It was a Bank of America VA Compromise Sale. The Countryview Estates home had serene landscaping with a…

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Added by Wendy Rulnick on September 3, 2010 at 7:50am — No Comments

HAP Approves Crestview Florida Sale for Eglin Servicemember - Avoid Foreclosure

The military's Homeowner Assistance Program is getting speedier all the time! I just had another HAP contract approved, this time for a Crestview Florida home sale in the Redstone subdivision. The sellers were PCSing from Eglin Air…

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Added by Wendy Rulnick on September 3, 2010 at 7:47am — 2 Comments

HAP Private Sale - Just Sold in Crestview Florida



This beautiful home on Shire Lane in Silver Oaks, Crestview Florida just sold. The home had impeccable upkeep. It was 2751 square feet, four bedrooms, two full baths and two car garage. The landscaping was outstanding. The sale price was…

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Added by Wendy Rulnick on August 31, 2010 at 11:01am — No Comments

Regions Approves Fort Walton Beach Florida Short Sale



Regions Mortgage speedily approved a Waterscape condo for short sale in Fort Walton Beach, Florida. This Okaloosa Island condo was decorated with luxury in mind. The kitchen had granite counters, undermount…

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Added by Wendy Rulnick on August 29, 2010 at 3:47am — No Comments

The games we short sale agents must play! Here is a perfect illustration about why short sale lenders should not rely on one value, called a Broker Price Opinion (BPO), to decide if an offer is the r…

The games we short sale agents must play! Here is a perfect illustration about why short sale lenders should not rely on one value, called a Broker Price Opinion (BPO), to decide if an offer is the right price.



1. I list a Fort Walton Beach Florida short sale at what I believe is close to market value-…

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Added by Wendy Rulnick on July 7, 2010 at 8:48am — 6 Comments

Would You Let The Buyer Negotiate Your Short Sale?

I received what looked like a form letter today about one of my new Destin Florida short sale listings. The property address was inserted in ALL CAPITAL LETTERS. Here is the email:

"I noticed your listing at STREET # STREETNAME. DESTIN, FL, is it still…

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Added by Wendy Rulnick on June 18, 2010 at 12:15pm — 9 Comments

Homecomings Financial Won't Talk to Me- Unless I Give Wrong Zip Code for Navarre Florida!



I've sold real estate in Navarre Florida a long time. About 20 years to be exact. So I should know what the Navarre zip code is- 32566. Or so I thought.



I was calling…

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Added by Wendy Rulnick on May 25, 2010 at 11:30am — No Comments

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:

“…

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Added by Wendy Rulnick on April 1, 2010 at 1:42am — 3 Comments

HAP Helps the Military Avoid Short Sale and Foreclosure

Are you an Eglin AFB or Hurlburt Field airman PCSing soon? If you own a home, have to sell, and owe more than your property is worth, there may be help available so you can avoid a foreclosure or even a short sale. The U.S. military Homeowner Assistance Program (HAP) may help you by covering most of the loss to your mortgage holder.

These are the basic qualifications for… Continue

Added by Wendy Rulnick on January 20, 2010 at 3:00pm — 3 Comments

Aurora Loan Services Offer - Too Good To Be True?

A homeowner recently emailed me quite concerned about a letter she received from Aurora Loan Services. She had a second mortgage with them for $29,700 at 12% interest. She had never been late with her payments and was not selling as a short sale. The Aurora letter stated she could pay her loan off now at about one-third what was owed, and would have no further obligation on the note!



Dear Customer:



Aurora Loan Services, as a servicer of your loan, has been authorized by…
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Added by Wendy Rulnick on December 27, 2009 at 6:00am — 7 Comments

What is All the Hullabaloo about HAFA and Short Sales?

As you may have heard on the news, the U.S. Treasury is trying to make short sales, well, shorter! Many homeowners and buyers have been plagued for waiting months for short sale approvals. Realtors are at their wits end. Lenders are overloaded with requests. Waiting five months for a short sale approval is becoming…

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Added by Wendy Rulnick on December 10, 2009 at 1:00pm — 6 Comments

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