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Crestview, FL

Crestview Short Sale Approved By GMAC as HUD / FHA Short Sale

Wendy Rulnick "Its Wendy!" Destin Short Sales: Real Estate Agent in Destin, FL

610 Adams Drive, Crestview FL

This beautiful home at 610 Adams Drive, Crestview Florida was just approved for short sale by GMAC.


Mortgage Type: FHA /HUD

Approved Price: $115,000

Approval Time: 108 Days

Sales notes:
Since this was an FHA/HUD short sale, special procedures had to be followed. The seller was required to write a letter explaining why the home was vacant. FHA short sales typically require the owners to occupy the property. In addition, because of the HUD short sale guidelines, the approval stated the sellers would receive $1000 upon closing.

Do you need to sell your FHA-insured home as a short sale? Here is the updated summary of requirements for HUD Short Sales, also called "Pre-Foreclosure" Sales:

  1. You must be delinquent 31 days or more at the time of sale.
  2. You must list the property with an un-related Licensed Real Estate Broker
  3. You must actively market the property for four months (up to six).

    For the first 30 days of marketing, the short sale lender (mortgagee) may only approve offers that will result in a minimum net sale proceeds of 88% of the "as-is" appraised Fair Market Value (FMV). During the next 30 days of marketing, the lender may only approve offers that will result in minimum net sale proceeds of 86% of the "as-is" appraised FMV. For the rest of the marketing time (60 days), the lender may only approve offers that will result in minimum net sale proceeds of 84% of the "as-is" appraised FMV.

  4. The property must be an owner-occupied, except for cases of job transfer, death, divorce, job loss
  5. There should be written proof of your decrease in income showing inability to pay the mortgage, job loss, etc.
  6. HUD will pay up to 1% of buyer's mortgage as part of closing costs if the new mortgage is also FHA, plus reasonable "seller" costs
  7. HUD allows 6% Realtor commission
  8. HUD will not pay for Home Warranties, points or lender's title insurance
  9. You must get approval to participate in the HUD Pre-Foreclosure Sale Program in advance
  10. Upon acceptance into the program, you will be given Approval To Participate Form which will outline program restrictions

Here are details of the HUD Short Sale (Pre-Foreclosure) Sale Program. Remember, these guidelines apply to FHA-insured loans only, and there may be some latitude in those requirements. These guidelines are subject to change.

HUD Frequently Asked Short Sale Questions

For more information contact the HUD National Servicing Center. Contact me to help you with your short sale.

It's Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.

Crestview Florida Real Estate

Crestview Short Sales

Read Wendy's Short Sale Blog

Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204

Email Wendy to sell your home or buy a home: itswendy@rulnickrealty.com

Call Wendy Rulnick, to list and sell your home or condo on the Emerald Coast of Florida in 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. Wendy is a short sale and pre-foreclosure specialist and can help you sell or buy a short sale property in and around Destin Florida and the Emerald Coast. Wendy has been interviewed by Kiplinger Personal Finance Magazine and Business Week magazine, and has had her short sale articles appear in Florida Realtor Magazine.

Okaloosa County Foreclosure in Crestview Florida South of I-10 Price Reduced

Brandon Jordan: Real Estate Agent in Crestview, FL

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Property Information for 4802 Young Rd

Property Features

  • Single Family Property

  • Status: Active
  • Area: Crestview Area
  • County: OKALOOSA
  • Subdivision: CORONADO VILLAGE PH 1
  • Year Built: 2005
  • 3 total bedroom(s)
  • 2 total bath(s)
  • 2 total full bath(s)
  • Approximately 2000 sq. ft.
  • Single story
  • Style: Traditional
  • Master bedroom
  • Living room
  • Kitchen
  • Laundry room
  • Master bedroom is 16x18
  • Living room is 20x20
  • Kitchen is 10x18
  • Laundry room is 6x7
  • Central air conditioning
  • Approximately 1.03 acre(s)
  • Lot size is between 1 and 2 acres
  • Elementary School: SOUTHSIDE
  • Middle School: SHOAL RIVER
  • High School

 

Listing Information

Property Type: Detached Single Family
MLS #: 525145 Price: $189,900.00 Year Built: 2005
Square Feet: 2000 Bedrooms: 3 Bathrooms: 2 Full
HOA Fees: Not available Lot Size: 1.03 acres Lot Dimensions: 136X330X135X330

Description:

Foreclosure custom built home on the south end of town South of I-10 convenient to everything. 3BR/2BA all brick home sits on a full one acre lot. Bright open floor plan with amenities include but are not limited to a double car garage, privacy fence, storage shed, large spacious rooms, raised ceilings in foyer and living room, trey ceilings in dining room and master bedroom, double vanities in both baths, jacuzzi in master bath with separate shower,home has spanish lace walls and ceilings(EVEN IN THE GARAGE). master bedroom office has built in safe this home is a must see! This property is approved for HomePath Mortgage and HomePath Renovation Mortgage. Please contact listing agent for more information.

 

 

Crestview Country Kennel and Grooming Crestview, FL

Brandon Jordan: Real Estate Agent in Crestview, FL

This week was my mom's first week open at her new store Crestview Country Kennel. Below are twitter post she had this week.

Cindy Hunter

Today is the first day open at Crestview country kennel and grooming CCK&G. Had a few clients in I will try to take pictures 4 puppysit.com 10:31 PM Nov 17th from web

Stop by to see us. 4267 Harielson Rd in Crestview,FL Look for our pink banner. 10:31 PM Nov 17th from web

Now accepting grooming appointments Contact me: Cindy Hunter Crestview, FL

(850) 306-1718 (850) 902-3647 10:32 PM Nov 17th from web

Craigslist posting

Need your Dog Groomed Today? $5.00 off (Crestview / Mossy Head)


Date: 2009-11-18, 1:52PM EST
Reply to: comm-kumv9-1471798504@craigslist.org



Now Open! - East Crestview just off of 90 on 393. Groomer has 15 years experience. Clean facility, organic products. Compassion and comfort. We take dogs in at 9 am and noon. We call when they are finished so they don't have to stay all day. We can keep them for the day if need be. We are grooming right now Monday through Thursday. Prices start at 30. depending on size and condition. Call for appointments or more information. 850-306-1718 or 902-3647 Book now for Thanksgiving! We offer pick up and drop off services from Baker to Defuniak. Mention craigslist and get 5.00 off!

Cindy Hunter

2460 Lakeview Drive Crestview Florida REO Foreclosure for sale Just Listed

Brandon Jordan: Real Estate Agent in Crestview, FL
Detached Single Family
   
  ApproxSF: 1,650 BG:
Address: 2460 LAKEVIEW DR S  
  CRESTVIEW, FL Bedrooms: 3
Zip: 32536 Baths Full/Half: 2/0
County: OKALOOSA Stories: 2
MainArea: 25 Crestview Area YearBuilt: 2006
SubArea: 03 CRESTVIEW NORTHWEST OccStat: New
Subdiv: LAKE SILVER 1ST ADDN ImmOcc? Y
ParcelID: 19-4N-23-1411-0004-0070 ConstrStat: Construction Complete
ElemSch: BOB SIKES Middle: DAVIDSON High: CRESTVIEW
Dir: Hwy 85 North to Lake Silver Road (6 miles North of I-10). Left onto Lake Silver Road go 3.5 miles to South Lakeview Drive.
Legal: LOT 7 BLOCK 4 LAKE SILVER 1ST ADDITINO

 New homes. Several different home plans in this subdivision. Kitchen features stainless steel appliances, granite countertops, ceramic tile. Homes offer 9-10ft ceilings, ceiling fans, electric fireplace, mini-blinds, electric garage door - plus many other features. Room & Lot dimensions approximate - buyer to verify.

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Crestview Foreclosure now under contract on this REO located on newman ave

CB United Realtors: Real Estate Brokerage in Crestview, FL
Detached Single Family .
MLS#: 525506 OfficeFile#: ListPrice: $24,900
Status: Pending ApproxSF: 720 BG:
Address: 5248 NEWMAN AVE $/Sqft: $34.58
CRESTVIEW, FL Bedrooms: 2
Zip: 32539 Baths Full/Half: 1/
County: OKALOOSA Stories: 1
MainArea: 25 Crestview Area YearBuilt: 1980
SubArea: 01 CRESTVIEW SOUTHEAST OccStat: Vacant
Subdiv: METES AND BOUNDS ImmOcc?
ParcelID: 15-3N-23-0000-0073-0060 ConstrStat: Construction Complete
ElemSch: SOUTHSIDE Middle: RICHBOURG High: CRESTVIEW
Dir: From I-85N drive East on Hwy 90E past Shofner and Newman is next right before you get to schoal river bridge.Turn left on Newman Avenue and home will be on your left.
Legal: BEG NE COR OF SE1/4 OF SE1/4 S195 FT W140 FT N195 FT E140 FT TO POB AS OR

This is a handyman special selling "AS IS". Needs paint and finishing the new laminate floring in doorway of bath and the two bedrooms. 195 feet of road frontage and 140 feet deep on approximately .44 acre lot. Ernest money deposit of $1,000 is required unless paying by cash. PROPERTY TO BE SOLD "AS IS".

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