Destin Florida Short Sales & Real Estate by Wendy Rulnick: Florida: Santa Rosa Beach: Driftwood Estates

This ample home at 801 Loblolly Bay Dr. in Driftwood Estates just sold!.  It is over 2400 square feet, with an open floorplan. The living, breakfast area and kitchen are all combined for great gatherings. This home has a formal dining room and grand entry, with a beautiful stair case.  Driftwood Estates is in the Mack Bayou area of Santa Rosa Beach.  It is well-located near Sacred Heart Hospital, fine dining and upscale shopping on Grande Boulevard and Sandestin.  Emerald Coast beaches are a few minutes away.

Saxon Mortgage approved this short sale and a sale price of $175,000. 

Do you own a home in Driftwood Estates in the Mack Bayou area?  If you need to sell to avoid foreclosure, contact an experienced Santa Rosa Beach FL 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 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. 

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.  

This home at 801 Loblolly Bay Drive was just approved by Saxon Mortgage as a short sale. 

Original Saxon Mortgage balance:  $300,000 appr

Sales Price and Current Market value: $194,000 appr

Time for Approval:  35 days

This Driftwood Estates short sale was also approved a couple of months ago by Saxon for a different purchaser.  The previous buyer defaulted on the contract and lost his earnest money deposit.  Even though the second buyer submitted an identical offer, Saxon had to go through its approval process all over again.

How is this Saxon short sale reported to credit bureaus?

If you need to sell your Driftwood Estates home as a short sale to avoid foreclosure, consider hiring an experienced Santa Rosa Beach 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

Search Santa Rosa Beach Florida Homes for Sale

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.  

What a swift approval for this Santa Rosa Beach Florida short sale home in Driftwood Estates, the Mack Bayou area!  In fact, Chase approved the short sale in about three weeks!  Regions, the junior lien holder, took four weeks. Details:

Home:  66 Driftwood Point Rd., Santa Rosa Beach FL 32459

Original Purchase Price: $464,000 in May 2008

Sales Price:  appr $230,000

Terms:  Chase accepted the offer as "settled".  Regions, always more difficult, asked for a $100 per month promissory note to pay back 60% of their balance of $25,000.  The note will be re-adjusted in a year.

Seller:  Delighted!

I put this home under contract in four days.  The seller almost didn't list because she thought there was no time to beat the foreclosure.  I thought otherwise.

Consider hiring an experienced Santa Rosa Beach Florida short sale agent if you are facing foreclosure, and get your property sold.

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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Miracles?  Saxon Mortgage quickly approving a short sale? Compared to Saxon horror stories of the past, this Mack Bayou, Driftwood Estates short sale in Santa Rosa Beach Florida - was a dream!  Here is the story:

Property:  House in Driftwood Estates, Santa Rosa Beach, FL

Mortgage:  Saxon - balance $300,000

Offer:  about $190,000

Promissory Note:  -0-

Cash Contribution:  -0-

Approval Time:  15 days! 

Keys to Approval:  Strong contract at fair market value, no extraneous closing costs, complete short sale package prepared.  Diligent follow up by listing agent with Saxon.

If you need to avoid foreclosure, and do a Santa Rosa Beach short sale, consider hiring an experienced Santa Rosa Beach 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. 

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