Destin Florida Short Sales & Real Estate by Wendy Rulnick

One of my short sale sellers called me confused the other day.  We had his Santa Rosa Beach Florida home under contract as a short sale.  The mortgage holder, Bank of America, had approved the sale recently, and we were moving toward closing.

"Why is Bank of America still sending me letters threatening foreclosure of my Santa Rosa Beach home?" he asked, "They've approved the short sale!"

Why would they?  I emailed Bank of America to get their official response. Here is what they said:

"If the loan is delinquent and has entered the foreclosure process it continues, if a sale date occurs while we are working on the short sale we can request postponement from the investor but there is no guarantee of approval. "
 

What does this mean?  "Sale date" means foreclosure sale date.  Bank of America says they don't stop the foreclosure process automatically if a short sale is approved.  Well, why not? Here is why: What if the buyer's loan is denied? What if the buyer doesn't close? What if the seller changes his mind? There are a lot of reasons why a short sale, or any property, might not close.  If Bank of America stopped their foreclosure process for every instance of short sale approval (or even short sale contract), they would surely lose time waiting for a sale that might never happen.

What is the upside of Bank of America and their investor's policy? They normally will postpone a foreclosure sale within a few days of short sale closing, but not always.

What should you, as a Santa Rosa Beach Florida homeowner, do when you are facing foreclosure?  There are many options available. You can ask your lender for a loan modification, forbearance or a repayment plan.  If that is not possible, and you cannot keep your home, there are different types of short sale programs that might work for you, for example: HAFA, FHA Preforeclosure, Bank of America Co-Op, VA Compromise Sale and many more.  Be sure to consult with a Florida real estate attorney and hire a Santa Rosa Beach short sale agent.  You may be able to avoid foreclosure, and rebuild your financial position and your life more quickly than you think.

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

Santa Rosa Beach Florida Real Estate

Santa Rosa Beach Short Sales & Pre Foreclosure Help.

Read Wendy's Santa Rosa Beach 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. 

If you are looking for a Santa Rosa Beach Florida home with lots of pizzaz, this is it!  834 Church St., in Pleasant Acres is a "wow" house! Very impressive upon entry, with expansive columned living room, crown moulding, richly colored wood floors and transom windows. The kitchen has granite counters, stainless appliances, convection oven and bright window over the sink. There is a built-in desk/workstation next to the big eat-in area. The master bedroom has a large private balcony, with an enormous, luxurious master bathroom. There is another large balcony for the other two bedrooms, and deck overlooking the woods.  This Santa Rosa Beach home on Church St. is a few minute drive to public beach access on the Gulf of Mexico.  There is a Publix and Walmart nearby, as well as upscale shopping on Grande Boulevard and Destin Commons.

834 Church  St. South, Santa Rosa Beach FL short sale 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

Santa Rosa Beach Florida FL Real Estate

Santa Rosa Beach Short Sales & Pre Foreclosure Help.

Read Wendy's Santa Rosa Beach 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. 

Lovely short sale home for sale at 486 Calle Escada, Santa Rosa Beach Florida.  All brick, featuring 9-10 foot ceilings, open, custom floorplan. Eat-in kitchen next to large pantry space. Living room with fireplace, double French doors with transom windows open to large covered patio. Split bedroom floorplan. The master bedroom is a "suite", with huge walk-in closet. Roof with dimensional shingles, gutters. Escada is a quiet circle street and subdivision tucked away, yet well-located. Shopping at Grand Boulevard, Baytowne Wharf, Silver Sands nearby. Glorious Emerald Coast beaches a few minute drive!

486 Calle Escada, Santa Rosa Beach FL short sale - offered at $189,900

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

Santa Rosa Beach FL Real Estate

Santa Rosa Beach Short Sales & Pre Foreclosure Help.

Read Wendy's Santa Rosa Beach 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. 

This gorgeous home off 30-A in Santa Rosa Beach Florida has been approved as a short sale.  Located in Lakeside at Blue Mountain Beach, next to Redfish Village, this home was architect-designed with two master bedrooms and many upscale finishes. 

First Mortgage:  Regions -  balance about $750,000

Second Mortgage:  Bank of America - balance about $85,000

Sale Price:  about $375,000

Terms:  Regions forgave about $350,000, but added $75,000 deficiency balance to another Regions-mortgaged property owned by the same seller.  Bank of America settled for $9000, most of it paid from the proceeds of the sale. 

If you are considering short sale to avoid foreclosure, hire an experienced Santa Rosa Beach short sale agent.

It's Wendy!

This lovely home is in gated Magnolia Creek is a Santa Rosa Beach FL short sale. Take a moment on the charming front porch before entering French doors into your new home. As you enter the great room with cathedral ceiling, fireplace and formal dining there is ample room for family or entertaining. The large kitchen is both open for socializing with your guests yet provides lots of space for cabinets, storage and a pantry. Opening off of the great room with matching French doors is a screened porch for those late afternoons or while entertaining in your swimming pool in the fenced yard.  Magnolia Creek  is approximately 5 minutes to the beach, the bay, golf courses, Sacred Heart Hospital, and Grand Boulevard with fine dining, grocery store, and upscale shopping.

99 Magnolia Creek, Santa Rosa Beach FL - short sale - $164,900

Rulnick Realty, Inc.

Call 1-877-487-9639 or local 850-650-7883 ext 204

Santa Rosa Beach Short Sales & Pre Foreclosure Help.

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 amount to $220,000. They were stuck on the value and would not look at the big picture. The buyer walked.

Fast forward three months later.  The Driftwood Estates home was gradually reduced in price to $189,900, as the market dropped considerably in Santa Rosa Beach Florida.  There was an oil spill.  There was an oversupply of homes. But we found a new buyer, who offered in the $180's...  Over $30,000 less than the last offer. Chase ordered a new Broker Price Opinion.  Guess what?  Even the short sale negotiator was suprised.  The new value, just three months later, was significantly lower - in the $180's.  The short sale was approved.

Unfortunately, three months were wasted and $30,000 was lost.  Maybe Chase and its investors will  review their procedures and look at the big picture in the future.  Maybe not.

If you need to sell your Driftwood Estates home to avoid foreclosure, be sure to contact an experienced Santa Rosa Beach Florida 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

Santa Rosa Beach FL Real Estate

Santa Rosa Beach Short Sales & Pre Foreclosure Help.

Read Wendy's Santa Rosa Beach 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.  

Live big in this striking pre-foreclosure short sale home at 233 Loblolly Bay Drive in Driftwood Estates, Santa Rosa Beach Florida! Very high ceilings and open floorplan feel luxurious and welcoming. Kitchen is open to dining, living with electric fireplace and sitting area. Angled stairway punctuates the spaces.

Creamy paint, tile and carpet is the perfect backdrop for your decor. Kitchen has stainless appliances, magnificent refrigerator and generous counter space. This short sale home in Driftwood Estates has access to the community pool and playground. Located a few minutes to shopping at Baytowne Wharf, Grand Boulevard and the beaches of South Walton off 30-A.

233 Loblolly Bay Drive, Santa Rosa Beach Florida offered at $189,900

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

Santa Rosa Beach FL Real Estate

Santa Rosa Beach Short Sales & Pre Foreclosure Help.

Read Wendy's Santa Rosa Beach 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. 

Bright, happy home at 42 Talon Way is a short sale located in quiet subdivision of Eagle Bay, in Santa Rosa Beach Florida. Wonderful outside spaces include front porch, patio and large balcony off master bedroom. Elegant landscaping with palm trees, brick pavered driveway. Impressive entry looking up to second floor. Ample great room with fireplace. Kitchen has granite counters and breakfast bar. This Santa Rosa Beach short sale home is near the local's favorite, "Love Shack" restaurant with pool membership available.   10 minute drive to Grand Boulevard, Baytowne Wharf.  15 minutes to the beach, Destin Commons! Built in 2007, over 2100 square feet.

Santa Rosa Beach Short Sale Offered at $217,700.

It's Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

Read Wendy's Destin Real Estate Blog

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

Email Wendy: itswendy@rulnickrealty.com

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. 

This refined Santa Rosa Beach Florida short sale home, adjacent to Redfish Village in the Lakeside at Blue Mountain Beach, is a wonderful design by a renowned architect. The first floor living area has warm wood flooring and old-fashioned built-ins. The breakfast bar is a mile-long custom slab of black granite with furniture spindle supports. Kitchen cooking beckons the gourmand in you with Jennaire stove and rows of bead-board cabinets, many open to display your wares. There is a built-in wine cuvee ready for your cabernets.

You can either cozy up to the fireplace in the living room or share your home with a grand party in the totally open living space. This home features two master suites, one upstairs and one down, both with exquisite bathrooms with upgraded fixtures and separate tubs. Upstairs also features a private sitting room with wetbar and refrigerator. Great location in Santa Rosa Beach-- a few steps to the new upscale Redfish Village with direct walkover access. Two air conditioning systems and a Rinnai hot water heater.

This special Santa Rosa Beach short sale is close to Gulf of Mexico beaches, great shopping in Seaside, Watercolor, Rosemary Beach and Destin!

Offered at $549,900

It's Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.

Santa Rosa Beach FL Real Estate

Santa Rosa Beach Short Sales & Pre Foreclosure Help.

Read Wendy's Destin Real Estate Blog

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

Email Wendy: itswendy@rulnickrealty.com

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.  

IMAGINE... Beautiful Gulf Views, Sugar-White Beaches, Emerald Water,  Quiet Surroundings, Incredible Sunrises and Sunsets, Ultra-Relaxing Vacation... Sound Good? This is a beautifully redecorated townhouse at  The Legends in Santa Rosa Beach Florida.  It has new flooring throughout (07), offering over 1400 square feet of living space. The master suite has a king-size bed with a pillow-top mattress, whirlpool tub with separate shower in the private bathroom, and beautiful gulf views from the deck. The ' Surfin' ' room sleeps up to four on 2 full-size beds with it's own bathroom and walk-in closet.

The Legends is a beautifully landscaped complex in the heart of Santa Rosa Beach. This condo overlooks one of two pools, so finding a lounge chair at the pool is never a problem! Play sand volleyball or tennis right on the grounds. Quaint shops, incredible restaurants, and championship golf courses are all close by. BEACH ACCESS is less than 200 yards away, just a short stroll. Scenic Route 30-A offers a 17 mile long, paved, bike and jogging path, great for the morning exercise.

This Santa Rosa Beach FL short sale is offered at $209,900.

It's Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.

Santa Rosa Beach  FL Real Estate

Santa Rosa Beach Short Sales & Pre Foreclosure Help.

Read Emerald Coast Real Estate Blog

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

Email Wendy to sell your home or buy a home: itswendy@rulnickrealty.com

Call Wendy Rulnick to list and sell your home or condo or help you buy a home or rental property 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.   Wendy is a short sale and pre-foreclosure specialist and can help you sell or buy a short sale property in and around Destin Florida and the Emerald Coast.

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