Destin Florida Short Sales & Real Estate: Florida: Destin

Magnolia House condominium #408 is at the end of Destin Point on Holiday Isle in Destin Florida, with wonderful views of the Gulf of Mexico, East Pass and the Jetties. Sit on your balcony, relax and watch boats come into and go out of Destin Harbor. This condo has been redone with an elegant touch. There are granite countertops in the bath and kitchen, undermount sinks, stainless steel and black appliances, angled ceramic tile in the hall, bath and kitchen and like new carpet in the bedroom and living room/dining area. Magnolia House condos are located in the Destin Pointe community, with 24 hour security, covered parking, tennis, a Gulf front pool, shuffleboard and two freshwater lakes - Lake Christina and Lake Caroline.  This is Holiday Isle living in Destin Florida as you can see in the virtual tour!

Magnolia House condo #408 offered for sale for $250,000

Contact:  Rulnick Realty, Inc.  850-650-7883

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This is a great corner lot on Melvin Street for building your new home in Destin Florida. Located close to Destin Harbor, restaurants, shopping and the beach.   It is about 100 x 64, in Azalea Gardens on the corner of Melvin and Azalea.  "Tap fee is paid", which means you save money when hooking up to public water and sewer!  Call Destin Florida home with this affordable lot in an established neighborhood.

238 Melvin Street, Destin Florida lot for sale - $57,000

Contact Rulnick Realty, Inc. for more information.

www.RulnickRealty.com telephone 850-650-7883

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The Deepwater Horizon Oil Spill was on April 20.  One can see the corresponding number of Destin Florida condo sales dropped in May through July.

In April there was a year-high of 80 Destin condo sales.

In July there were only 27 Destin condo sales.

The good news is the oil leak correction is well under way.  The Destin Florida condo market is showing a positive response, with 66 new units under contract in July.

It will be interesting to watch the bounce in Destin condo sales, as the permanent oil well-fix is in sight.

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

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

Read Wendy's Destin 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. 

Very chic Pine Ridge Trace townhome with modern, edgy decor in the heart of Destin Florida.  This short sale home has slate floors punctuated by vividly painted rooms. Kitchen has urban feel with stainless countertops, peek-through cabinets, bright pendant lights over breakfast bar. Kohler fixtures and cast iron sink, newer appliances. Master bath has travertine floors, frameless shower, mahogany vanities, marble vessel sink. Newer carpet in bedrooms. Recently painted rear deck, overlooking fenced yard.  This two bedroom Destin short sale is an end-unit with private side entrance, and parking for two vehicles. 

Offered at $90,000.

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

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

Read Wendy's Destin 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. 

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You can easily track the effect of the BP Oil Spill on the Destin Florida condo market.  The chart above shows number of condos sold in Destin, Miramar Beach and Sandestin Florida for the past six months.  Notice sales increased from January, with only 44 units, to its high - 80 closed condominium sales in April. 

The BP Deepwater Horizon Oil explosion was on April 20.

Destin condo sales dropped to 55 units in May, then only 42 sales in June.  That's almost half.

The market had been recovering, and the disaster had obvious implications in buyers' decisions to purchase.

Today, July 15, BP announced that no oil is flowing into the Gulf of Mexico.  Let's hope their pressure test works, and the solution to this tragedy is at hand.  Destin condo sales may see a rebound with this news.  Time will tell.

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

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

Read Wendy's Destin 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. 

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This HUD FHA short sale at 800 Wild Oak, Destin Florida, was approved by Bank of America in 13 days!  Why? How? What?

Why?  The seller was proactive!  He contacted Bank of America early when he was unable to pay his mortgage.  When a modification did not work, he applied for the HUD Pre Foreclosure Sale Program.

How?  When my Destin seller contacted me,  he provided me with the HUD Approval to Participate form, indicating a starting list price. 

What? I obtained a full price offer for the seller in one day.  I ensured the contract was written without closing costs HUD won't pay.  They will only pay reasonable seller's costs, (with the exception that if the buyer's loan is FHA, they will credit 1% towards buyer costs).

In fact, the Bank of America short sale negotiator emailed me:"I wanted to inform you I have never received a HUD (settlement statement) that was this clean. Thank you so much!!! It definitely makes my job easier!" 

Additionally, because I sold this seller's home so quickly, he qualified for a HUD seller credit of $1000. That's the incentive HUD pays if the property sells within 3 months of application (reduced to $750 thereafter).

If you have a Destin Florida home with FHA HUD mortgage, and you are unable to make your mortgage payments, contact your lender right away.  Consider a HUD Pre Foreclosure sale, and be sure to contact an experienced Destin HUD 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

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

Read Wendy's Destin 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. 

Do you think you're clever? Do you think you're gonna save a bundle and make a steal on a Destin Florida foreclosure?  Are you skipping the real estate agent (ha ha - save on the commission) and saying "fuhget about" using an attorney?  Please don't make the mistake one of my friends just did.  He bought a Destin Florida foreclosure at the courthouse steps and it's all downhill from here.

Today I got a call from, I'll call him Kyle, to desperately and quickly sell a Destin property.  The disaster story unfolded.... (Why didn't he call me before he did this?  I don't know!  But it's too late.)

There is a $10,000 association lien on the Destin house he just bought at auction.  HE DIDN'T KNOW! Not only that, there are $300 per month association fees due - that he is now responsible for. HE DIDN'T KNOW!!!  Now Kyle is in trouble.  The association is demanding he pay up or they will take legal action to get their money.  Of course, he did not budget for an extra $300 in monthly expenses to cover association fees. And past due monies are from the PREVIOUS DEFAULTING OWNER, not Kyle (but now it's his problem). 

What did Kyle do wrong?  How do I begin?  When you buy a home at the courthouse steps, the court is not going to do a title search for you!  Okaloosa County Florida says that is your problem.  They even have a WARNING on their website:

BUYER BEWARE! All properties are sold "AS IS”.  Bidders are responsible for conducting their own research as to the property being sold, its location or condition, the condition of any structures or fixtures thereon, its marketability, potential uses, zoning, or whether any other potential liens or other defects in title that may exist.

Guess what?  Kyle messed up.  Big time.  He did not consult an attorney.  He did not research the Destin subdivision.  He did not conduct a title search to make sure there were no liens.  Too late.  He owns the property.

Now I have to sell it. Quick.

If you are buying a Destin Florida foreclosure - remember this:  Do your homework.  Hire an attorney.  Hire a title agent.  Consult with a Destin real estate agent who specializes in foreclosures.

Don't make the same mistake. 

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

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

Read Wendy's Destin 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. 

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This Quail Run townhome is pre foreclosure short sale, located in the heart of Destin, Florida. This two story home has a spacious bedroom and full bath on the first floor. The open floor plan and tall ceilings in the living area makes this 3 bedroom unit live big! The kitchen includes a breakfast bar and a back door that makes it handy for outdoor grilling. Two more bedrooms are located upstairs and this is an end unit with a 1 car garage.  The short sale home has access to the community, pool, too! Quail Run is convenient to shopping, restaurants, the Destin Florida beach.

1014 Airport Rd., #166, Quail Run - Destin Florida short sale:  $105,000

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

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Destin Short Sales & Pre Foreclosure Help.

Rulnick Realty will help you 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. 

Lucky you! This home at 800 Wild Oak Ave. has an approved price for FHA HUD Pre Foreclosure short sale in Kell-Aire Gardens in Destin Florida! Dramatic home with cathedral, big, angled windows for lots of light. Double sliders lead to screened porch. Large utility room to garage, lots of closets for storage. Needs updating, but there is some newer carpeting. The lot is quite large for Destin, over three-quarters of an acre!  Think of all you can do with it! Kell-Aire Gardens is in the heart of Destin Florida.  Find Destin Harbor 5 minutes away, and also great boating out on East Pass to the Gulf of Mexico.  Since the location at 800 Wild Oak Ave. is in West Destin, you can also zip right over to Eglin AFB or Hurlburt Field.  It's rare to find a pre-approved price on a Destin short sale, but you've found it!

Offered at $172,000.

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

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

Read Wendy's Destin 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.  

Leading the mortgage industry, CitiMortgage has announced assistance for borrowers in financial trouble in the oil-threatened regions on the Gulf of Mexico.  This is good news for Destin, Fort Walton Beach, Santa Rosa Beach and Navarre Florida short sale sellers.  Citi is halting foreclosures on primary mortgages it owns through September 17.  Eligible borrowers include those within 25 miles of the affected coastal regions.

Why is this good news?  Destin short sale sellers will have more time to get their properties sold.  Santa Rosa Beach short sale buyers will know that their contracts on Citi-mortgaged properties will be processed for approval without foreclosure threat.  In addition, Citi is halting evictions on their foreclosed properties in the affected Emerald Coast areas.

The natural disaster looming in the Gulf of Mexico will put "unnatural" pressure on a real estate market still on the downslide. Even though there is a BP claims process in place (soon to be an independent party), there will be loss of income that is not accounted for and further job loss in the region.  Of course, that will spike borrowers inability to make payments or find other employment.

CitiMortgage is really stepping up by taking this action. Destin, Fort Walton Beach, Santa Rosa Beach and Navarre Florida short sale sellers working to avoid foreclosure will have a greater chance of success. What else can be done?  Other servicers and investors should follow suit. 

Hello, Bank of America, Chase, Wells Fargo, Saxon, Ocwen, Aurora, GMAC... are you listening?

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

Destin Florida Real Estate

Destin Short Sales & Pre Foreclosure Help.

Read Wendy's Destin 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.