Added by Wendy Rulnick on September 24, 2010 at 11:04am — No Comments
Added by Wendy Rulnick on September 23, 2010 at 11:30am — No Comments
Added by Wendy Rulnick on September 20, 2010 at 10:00am — No Comments
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…
Added by Wendy Rulnick on September 14, 2010 at 11:30am — 1 Comment
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.…
ContinueAdded by Wendy Rulnick on September 13, 2010 at 12:00pm — No Comments
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,…
ContinueAdded by Wendy Rulnick on September 10, 2010 at 11:57am — No Comments
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…
Added by Wendy Rulnick on September 8, 2010 at 10:27am — 1 Comment
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…
Added by Wendy Rulnick on September 5, 2010 at 5:00am — 1 Comment
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…
ContinueAdded by Wendy Rulnick on September 3, 2010 at 7:50am — No Comments
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…
ContinueAdded by Wendy Rulnick on September 3, 2010 at 7:47am — 2 Comments
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…
ContinueAdded by Wendy Rulnick on August 31, 2010 at 11:01am — No Comments
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…
ContinueAdded by Wendy Rulnick on August 29, 2010 at 3:47am — No Comments
Added by Wendy Rulnick on August 26, 2010 at 11:30am — 2 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 right price.
1. I list a Fort Walton Beach Florida short sale at what I believe is close to market value-…
Added by Wendy Rulnick on July 7, 2010 at 8:48am — 6 Comments
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…
ContinueAdded by Wendy Rulnick on June 18, 2010 at 12:15pm — 9 Comments
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…
Added by Wendy Rulnick on May 25, 2010 at 11:30am — No Comments
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:
“…
ContinueAdded by Wendy Rulnick on April 1, 2010 at 1:42am — 3 Comments
Added by Wendy Rulnick on January 20, 2010 at 3:00pm — 3 Comments
Added by Wendy Rulnick on December 27, 2009 at 6:00am — 7 Comments
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…
ContinueAdded by Wendy Rulnick on December 10, 2009 at 1:00pm — 6 Comments
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