Destin Florida Short Sales & Real Estate by Wendy Rulnick: Florida: Navarre

This home in The Meadows, in Navarre Florida was just approved as a VA Compromise Sale.  The gorgeous 2008 property with in-ground pool and three car garage, went under contract in about 30 days.  We prepared the VA short sale package for Citi Mortgage, faxed it, followed up and received approval for our seller in 24 days!

What is normally included in a simple VA Compromise Sale package?
Hardship Letter
Dodd-Frank Certification
Two years tax returns
Financial worksheet
Proof of Income
Bank Statements
Preliminary Settlement Statement
Listing Agreement
Buyer Proof of Funds
Contract (purchase and sale agreement)
Authorization to speak with listing broker

What are the benefits of a VA Compromise Sale?
The borrower will not have to pay back the shortfall (if there was no fraud, misrepresentation or bad faith when the loan was obtained) 
There is currently a $1500 relocation bonus paid to the VA borrower at closing

What are the negatives of a VA Compromise Sale?
You cannot obtain another VA mortgage loan unless you pay back the government loss
Your credit will be reported as "Paid in full for less than the full balance"
You may owe federal taxes depending on current tax law and your total financial picture

One of the key differences between VA Compromise Sale program and traditional short sales is that you must have a hardship.  Nowadays, so-called “strategic” short sales are more common, where the borrower no longer wants the property, has no financial hardship, so participates in the loss by contributing cash or agrees to a promissory note to obtain a short sale. This is not the case with a VA mortgage. You must be at risk of default, and not have your own cash available to contribute. 

More questions about VA Compromise Sale?  Email me at itswendy@rulnickrealty.com

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

Navarre Florida Short Sale Agent

Wendy Rulnick, Broker, is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". She has successfully helped hundreds of families avoid foreclosure through short sale along the Emerald Coast of Florida. Wendy Rulnick is knowledgeable in all aspects of short sale, including VA Compromise Sale, FHA HUD pre-foreclosure sale, HAP military PCS, HAFA, Bank of America Coop program and more.  She is also co-founder of www.ShortSaleSuperstars.com and short sale instructor to agents across the United States. Wendy Rulnick sells real estate in Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Panama City Beach, Eglin AFB, Hurlburt Field. 

This sharp HAP home in Marion Manor, Navarre Florida, is just what you need to welcome the New Year. It sparkles! The living room, kitchen and breakfast area all have cathedral ceilings for an open feeling.  The kitchen has breakfast bar, pantry, and plenty of cabinet and counter space, and is adjacent to tiled eat-in area. Master bedroom is oversized. Master bath features his and her vanities, separate garden tub and shower and two walk-in closets. Architectural touches include plant ledges and transom windows. Marion Manor is "West of Hurlburt" for good commuting to Hurlburt Field. It is also convenient to Santa Rosa Sound, with gorgeous sugary beaches, fishing and restaurants.

This Marion Manor home at 1987 Alfred Blvd, is listed for $177,900.

What is HAP? It's the Homeowner Assistance Program for military members who transfer (PCS) to new bases, to help them avoid short sale or foreclosure.  In a nutshell, when the market value of an Eglin or Hurlburt Field area property is less than the mortgage balance, HAP will pay the shortfall for the servicemember.

Learn more about buying a HAP 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

Navarre Florida short sale help

Wendy Rulnick, Broker, is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". She has successfully helped hundreds of families avoid foreclosure through short sale along the Emerald Coast of Florida. Wendy Rulnick is knowledgeable in all aspects of short sale, including VA Compromise Sale, FHA HUD pre-foreclosure sale, HAP military PCS, HAFA, Bank of America Coop program and more.  She is also co-founder of www.ShortSaleSuperstars.com and short sale instructor to agents across the United States.

I am humbled when I receive kind testimonials from my Emerald Coast of Florida real estate clients.  I just received the following survey responses from short sale sellers in Destin and Navarre Florida.  One of the keys to a successful short sale transaction is to "never give up".  I found it amazing that both of these sellers used the same phrases in their comments.

"Wendy Rulnick and her firm Rulnick Realty never gives up. They are the best realty professionals that I have worked with in the Southeast United States. It was perfect and truly professional."

Dan Curtis , Destin Florida

“Wendy and her staff did an exceptional job in getting my house sold short sale. Consistency, consistency, consistency is how I best describe Wendy.  She did not give up. On a personal level she supported me and calmed my fears and anxiety.

To be able to give this kind of service reflects that Wendy enjoys what she does and is committed in doing ALL within her professional capability to make her clients satisfied.  My recommendation is given freely and without hesitation to Wendy and her team to handle your real estate business”
Kay Cann, Navarre Florida

If you are looking for a real estate agent to represent you in a short sale, look for experience, confidence and tenacity.  A Destin, Navarre or Santa Rosa Beach short sale is a long, complex transaction.  Your real estate agent should never give up!

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 Florida short sale help

Wendy Rulnick, Broker, is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". She has successfully helped hundreds of families avoid foreclosure through short sale along the Emerald Coast of Florida. Wendy Rulnick is knowledgeable in all aspects of short sale, including VA Compromise Sale, FHA HUD pre-foreclosure sale, HAP military PCS, HAFA, Bank of America Coop program and more.  She is also co-founder of www.ShortSaleSuperstars.com and short sale instructor to agents across the United States.

Wendy has been licensed for over 20 years, and owns Rulnick Realty, Inc.  She serves the entire 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, Panama City Beach, Eglin AFB, Hurlburt Field.

Exquisite all brick 4 bedroom, 3 bath custom home in the upscale community of The Meadows in Navarre, Florida.  Walking into this split bedroom floor plan you'll be impressed with the large rooms and the openess of the living areas. 10 foot high ceilings, lots of windows, painted in warm colors. The back yard is an oasis with heated inground pool, spa and tropical landscaping. The living room has 20" tile flooring and plant ledges for that extra decorating touch. Huge gourmet kitchen with granite countertops, backsplashes, center work island, stainless steel appliances, pantry, plant ledges, large pass-through to the living room and a breakfast nook. Incredible! The master bedroom opens to the pool. Master bathroom features a double vanity, grante countertops and shower and garden tub. There is a large laundry room that leads to the enormous three car garage. For an energy saver there are solar powered roof mounted attic fans. Extra large gate so you can store your boat inside the gate which leads to the added on driveway pad. This Navarre Florida home in The Meadows is close to most everything Hurlburt Field and Eglin Air Force Base, Whiting Field, Pensacola airport, I-10, Navarre Beach, etc!! This home is offered as a VA Compromise Sale, which is a type of short sale specific to Veterans Administration backed mortgage loans. 

9688 Misty Meadow Ln, The Meadows, Navarre Florida short sale - $299,900

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

Navarre Florida Real Estate

Navarre Short Sales & Pre Foreclosure Help.

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 home at 6444 Starfish Cove, Navarre Florida has just sold.  Located in Lighthouse Point, owners here have access to a private dock and access to Santa Rosa Sound. Hurlburt Field is only a short commute, as is Navarre Beach and the Gulf of Mexico.  The home was sold as a VA Compromise Sale, which is a type of short sale.  The biggest challenge to selling the property initially was due to tenant occupancy.  Tenants often impede showings due to access restrictions different from an owner occupant.  After a tenant moves out, showings generally increase.

The sale price for 6444 Starfish Cove, Navarre Florida, was $98,500.  The property sold at its final listed price.  An interesting side note is that there was an offer in the same price range several months earlier.  The VA Compromise Sale appraisal for Bank of America was higher at the time, and the price had to stand for six months, per VA guidelines.  After the time period expired, the home could once again be marketed and sold at a more competitive price.

Read more about VA Compromise 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

Navarre Florida Real Estate

Navarre Florida Short Sales & Pre Foreclosure Help.

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 love nature, this is your home at 3112 Hickory St., Navarre Florida! A short sale, it has 2.5 acres on small bayou that goes to East Bay.  Set deep on a wooded lot, this Navarre home feels like a rustic cabin in the woods. Inside find a cathedral ceiling, pine board walls, and stone fireplace and hearth. The second floor is a roomy loft. Florida room and porch offer places to listen to birds and the wind in the trees. There are two outside buildings for work or hobby shops. Two car carport. There is an existing survey that can be used by the new owners. Needs yard work and updating inside,and there is an old dock to the water that needs repair.  This Navarre Florida bayou front location is close to Hurlburt Field, public boat launch, and the Santa Rosa Sound.

3112 Hickory St., Navarre FL - 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

Navarre Florida Real Estate

Navarre Short Sales & Pre Foreclosure Help.

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, private brick home at 2022 Eagle Lane, Navarre FL.  This VA Compromise Sale home in Holley by the Sea has a huge fenced yard at end of cul-de-sac. The inside is open and airy with vaulted ceilings and lots of tile floors. The kitchen is loaded with counterspace and cabinets, and has pass-through to dining room. Lovely master suite features trey ceiling, double French doors, walk-in closet, berber carpeting, garden tub with glass block window. The master opens to a covered patio with brick columns. Back yard is enormous with a nature area adjacent, orange and grapefruit trees, and tons of room to play!   Holley by the Sea has plenty of amenities, including access to the Santa Rosa Sound, a recreation center with gym, three pools, eight  tennis courts, basketball The new owner of this short sale home at 2022 Eagle Lane will be able to take classes, join the fishing club, picnic, camp and play in Holley by the Sea.

2022 Eagle Lane, Holley by the Sea, Navarre FL

Should you sell your home as a Navarre Florida VA Compromise 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

Navarre Florida Short Sales & Pre Foreclosure Help.

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 on the beautiful Santa Rosa Sound in Navarre Florida! This waterfront short sale lot in Sound Hammock already has a seawall, and is located in a small, developed subdivision. You can have your home built with approximately 60 feet on the sound. Enjoy use of the neighborhood dock and pool. Bring your fishing pole and dappled water dreams. This Sound Hammock waterfront lot is a short commute to Hurlburt Field and Navarre Beach. 

 
1725 Turkey Oak Dr., Navarre FL 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

 Navarre FL Real Estate

 Navarre Florida Short Sales & Pre Foreclosure Help.

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 home in Lighthouse Pointe, Navarre Florida, was just approved for a VA Compromise Sale.  A VA Compromise Sale is similar to a short sale, but is used for loans guaranteed by the Veterans Administration.  Since the Emerald Coast is home to Eglin Air Force Base, Hurlburt Field, Whiting Field and Duke Field, many local sellers have VA mortgages and may be able to use the program if they are unable to sell their homes to cover their mortgage balance.

One of the key differences between a typical short sale and VA Compromise Sale is the disposition of the deficiency.  According to the VA website, " If your loan closed on or after January 1,1990, you will owe the Government in the event of a default only if there was fraud, misrepresentation, or bad faith on your part." So, in most cases, you will not have to pay back the difference between the net proceeds and your outstanding balance.

Another difference in the VA Compromise program is the length of time the VA appraisal stands. With most short sales, the servicing lender will order a valuation (either an appraisal or broker price opinion), that will be valid for two to three months. In the VA Compromise program, the valuation, conducted by a VA certified appraiser, is valid for six months.  That is not always good, especially in a declining market.  So if a sales contract does not get approved, the targeted price will have to stand, and not be adjusted even if competing properties are priced lower.

This home in Lighthouse Pointe had a Bank of America mortgage.  VA delegates the loan servicers to handle the compromise claims for them, so there is no need for the homeowner to contact the VA directly.  This approval only took 30 days!

If you need to sell your Navarre Florida home as a short sale, HAP or VA Compromise Sale, contact an experienced Navarre short sale agent.

It's Wendy!

Wendy Rulnick, Broker, Rulnick Realty, Inc.

Call (850) 650-7883

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. 

A "homey" Lighthouse Pointe short sale home in Navarre Florida with brick fireplace, wood laminate floors, interesting angles, plant ledges and high ceilings.  Kitchen and dining areas are tiled along with both bathrooms in 2007. Kitchen counters expanded with added cabinetry and workstation. Other improvements are new carpet, well and sprinkler.  This Lighthouse Pointe short sale home in Navarre FL has a huge lot at end of cul-de-sac with fenced back yard. Excellent location for commuting to Hurlburt Field. Gulf of Mexico, Santa Rosa Sound and East Bay nearby for fishing, boating, sunning and swimming.

6542 Watermark Cove, Lighthouse Pointe, Navarre FL - 32566 - VA Compromise 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

Navarre FL Real Estate

Navarre Short Sales & Pre Foreclosure Help.

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.