It's Wendy Real Estate Blog
Emerald Coast of Florida real estate and personal insights.
ARCHIVED BLOG POSTS
2009
15
Comments
Why would a short sale lender ask for a promissory note or cash contribution from the seller? The emails below, from Bank of America negotiators, will show you exactly why: EXAMPLE #1: Santa Rosa Beach Florida Short Sale “ Please be advised, that before we discuss the closing costs you have t...
06/30/2009
43
Comments
This week I had my all-time record fastest short sale approval. It took two days. Here is what happened: Property: Investment condo - Fort Walton Beach FL Seller Hardship: Loss of Income Lender: BB&T Original Purchase Price: $640,000 Mortgage Balance: $550,000 Contract Price:...
06/27/2009
45
Comments
A few weeks ago my life started to change. I was asked to step outside my boundaries and outside of my comfort zone. What happened? I “met” Bryant Tutas- otherwise known as "Broker Bryant" on Activerain. You may have heard of him- he’s one of the best-known real estate bloggers around. ...
06/24/2009
I recently had a short sale contract on one of my listings in Mary Esther, Florida, where the seller had a VA (Veterans Administration) home loan. A VA short sale is called an "Offer in Compromise". The offer price was $120,000, which I thought was reasonable given the condition of the propert...
06/21/2009
In Destin, Florida, and around the country, as time goes by with short sales, a new problem is growing-- unpaid condo association dues. I currently have two short sales pending with with over $20,000 in unpaid association dues. Short sale mortgage holders are growing weary of paying these hug...
06/17/2009
My husband and I had to go shopping for a new television last weekend. The old one was about to die - its channel guide was getting fuzzy and my eyesight is already "bat-like". We researched our options online, found one we wanted, then set out for a reconnaissance mission to Sears, Best Buy a...
06/15/2009
I know you are doing a double-take, but this is a true story about a four-day short sale approval from Countrywide... The key is- it was a new construction loan... Here is what happened.... My seller. "George", bought a lot in Rosemary Beach, Florida. This a one of the higher-end markets on ...
06/14/2009
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), offerin...
06/11/2009
Deep water views graced by tall trees... this is a unique hideaway in Fort Walton Beach Florida for boat and water lovers. and lot sits up high. Circular drive brings you to home set back from street for privacy. Magnificent oaks adorn lot. Tile floors throughout, wood-ceiling living room, happy...
06/11/2009
We all make mistakes, but this was a big one, by a big corporation... I was in negotiations for a short sale on a Crestview, Florida listing. My sellers owed Countrywide/Bank of America about $175,000 as the senior lien and around $25,000 to Citi Financial as the junior lien. The sale price wa...
06/09/2009
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Author Bio: Wendy Rulnick, Rulnick Realty, Real Estate Broker in Destin Florida and all surrounding towns
The market. Smart sellers. The Emerald Coast of Florida.