Destin Florida Short Sales & Real Estate by Wendy Rulnick: Florida: Destin: Emerald Lakes

What do I love about this home I just sold on Wekiva Cove in  Emerald Lakes, Destin Florida? Hmmm.... It has style! Lots of it.  Not a standard floorplan, but interesting hallways, cathedral and raised ceilings and a great layout.  The kitchen is a stunner with contemporary cabinets, quartz countertops, eclectic lighting and stainless stell appliances. The living room has gas fireplace and is partially open to the kitchen to add spaciousness. The tiled Florida room is very cool and relaxing with ceiling fans. Master bedroom is private. Master bath has whirlpool tub, separate sit-down shower, and walk-in closet. Other features include: crown molding, security system, motion detector lights surround sound, hurricane panels for the whole house, new air conditioner.  What else?  Emerald Lakes has a community pool and tennis courts, access to seven lakes for great fishing, gated community in the heart of Destin.


235 Wekiva Cove was under contract in less than 30 days.  Listed at $264,700, it sold for $252,000 as a short sale.

It's Wendy!

Wendy Rulnick, Broker, Rulnick Realty, Inc.

850-650-7883 ext 204

email itswendy@rulnickrealty.com

This home in Emerald Lakes, Destin Florida, was just approved for short sale.  An uncommon scenario, it had three liens.  The first was an IndyMac mortgage, the second, a Bank of America home equity line, and the third, a judgment from another creditor. 

The seller’s attorney said the short sale could not be accomplished, especially with waiver of deficiency.  We succeeded, however.  Here are the details for this Emerald Lakes, Destin Florida short sale:

Original purchase price - $490,000 in 2005

IndyMac - balance - $350,000

Bank of America - balance -  $50,000

Judgment Lien - $40,000 Note: Judgments in Florida may attach to all the borrower’s Florida real estate, even if unrelated to the property or even if a homestead property

Sale Price - $260,000 appr

Notes: Since the property was owner-occupied, we asked IndyMac if they would consider the HAFA program, which is beneficial to sellers who are doing short sales, as it grants a waiver of deficiency. IndyMac said they were not participating in the HAFA program.  They referred their short sale processing to a company called Service Link.  Service Link kindly reduced the agents’ commissions by 1% and placed a 1% “service fee” on the settlement statement to pay themselves.  The file was approved with a small credit for buyer’s closing costs and waiver of deficiency.

Bank of America approved the short sale after initial numerous delays in “outreach” seeking participation  in the HAFA program.  The seller rejected HAFA twice by phone, as IndyMac would not participate. The file had to be re-initiated three times.  Bank of America waived deficiency for $2700.

The third lien, the creditor judgment, released its lien for $1000.

Total time for this short sale approval?  About 60 days.

If you are considering short sale to avoid foreclosure in Destin Florida, consult an attorney and an experienced Destin short sale agent.  We can write your success story together.

It's Wendy!

Wendy Rulnick, Broker

Rulnick Realty, Inc.

itswendy@rulnickrealty.com

www.RulnickRealty.com

www.ShortSales-EmeraldCoast.com

1-850-650-7883

Impressive Destin Florida short sale home in Emerald Lakes with plenty of individuality. Tucked away on the circle part of Wekiva Cove, this elegant home is a stand out. The interior, recently tiled and painted throughout, has 9-10' ceilings, and a unique layout. The kitchen has new modern cabinets, quartz countertops, stainless steel appliances, new pendant and recessed lighting. The living room has gas fireplace and is partially open to the kitchen to add spaciousness. The tiled Florida room is very cool and relaxing with ceiling fans.

Master bedroom is private, with its own door to back yard. Master bath has whirlpool tub, separate sit-down shower, and walk-in closet. Other features include: crown molding, security system, motion detector lights surround sound, hurricane panels for the whole house, new air conditioner. Emerald Lakes has a community pool and tennis court, access to seven lakes for great fishing, gated community in the heart of Destin. Nearby, you'll find shopping in Destin Commons, Baytowne Wharf, Grand Boulevard and Silver Sands. Of course, the Destin Beaches are a couple minutes away, too.

235 Wekiva Cove, Emerald Lakes, Destin Florida - Short Sale

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

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

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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.