Pittman R. Watson, a licensed Florida Realtor, moved to the Emerald Coast in 2004 from Mississippi. A detail-oriented person, Pittman is able to help buyers locate the perfect property and see the transaction through to a smooth closing. His background is in the Service Industry, having been in management in the restaurant business. Pittman also ran a successful Art and Frame Store in Destin, which had an emphasis on design and re-design of local resort rentals. Pittman is a hard working “people person” that never meets a stranger. He is an active church member of St. Andrews Episcopal where he teaches Sunday School and serves on several committees. "He has helped people find the right meal, the right art work and the right frame. Now he is helping people find the right property." Office: 850-650-7883 X 203Rulnick Realty welcomes Pittman Watson, real estate agent in Destin Florida.
Pittman will be helping buyers and sellers along the Emerald Coast in Destin, Santa Rosa Beach, Niceville, Navarre, Fort Walton Beach, Crestview and vicinity.
Cell phone: 850-687-0330
Rulnick Realty is located at 12889 Emerald Coast Parkway, Suite 107-A, Destin Florida, just 2.5 miles east of Destin Commons on Highway 98.
Are you an airman PCSing from Eglin AFB or Hurlburt Field? Are you upside down in your mortgage and owe more than your current property value? If so, you may know I have been checking the HAP website daily for the last several months. As I have previously reported, the site was taken down at one point, and all information was removed.
Today, the site has changed and information is posted that may be useful to relocating military who might qualify for the government assistance to cover some of the loss. 1. Qualifications include: PCSing more than 50 miles, having purchased your home or entered into a contract to purchase prior to July 1, 2006, you lived there and it was your primary residence, and your orders were between February 1 2006 through September 30, 2012. 2. Your home must have declined at least 10% in value. (That should not be in problem in the Eglin AFB and Hurlburt Field market). 3. Assistance will initially be emphasized to those who received orders through December 2009, with a report date no later than February 28, 2010. 4. HAP benefits are based on the amount you originally purchased the property for (prior fair market value PFMV verified by your settlement statement). The full amount of your negative value will not be reimbursed. 5. The site claims the government will provide benefits within 60 to 90 days of receiving your documents. I would use caution here, as that claim was also made several months ago and no HAP benefits have yet been paid to my knowledge.
6. The site states that no specific dollar amounts of loss reimbursement are addressed and HAP advises you to contact your local district CoE office. For Eglin AFB, Hurlburt Field and Duke Field, please contact the Army Corps of Engineers Savannah District. However, elsewhere on its site, HAP mentions that up to 90% of your purchase price minus your sale price plus closing costs may be your benefit. 7. The government claims they will make up “liabilities” to servicemembers from a foreclosure, but not past due payments or junior liens you obtained after buying the property. 8. Some of your closing costs will be paid for, including title services and Realtor fees. 9. The government recommends you use a Realtor to sell your home and states that using a Realtor will may increase your chances of finding a buyer. 10. You are required to market your home for at least 120 days. Your initial list price should be obtained by the Corps of Engineers automated value model for at least 30 days. 11. Your benefits will be taxable as income to you. 12. Caution: Per the Realtor Guide , you or your Realtor must maintain records of price changes, showings, offers, etc to demonstrate that the house was not sold at too low a price. The CoE office will obtain an appraisal to verify the price was within market range. If the sales price is considered too low, no benefits will be paid.
13. There are maximum price range limits for assistance. In Okaloosa, Walton and Santa Rosa counties the purchase price limit for benefits is $417,000. Here is the HAP application checklist and HAP application. As soon as you know you have orders from Eglin AFB or Hurlburt Field, apply for assistance immediately. Analysis and questions to follow. I would like to hear from you, our local servicemembers. It's Wendy! Wendy Rulnick, Broker, serving the entire Emerald Coast of Florida, Navarre, Fort Walton Beach, Crestview, Destin, Freeport, Mary Esther, Shalimar, Santa Rosa Beach. 850-650-7883 ext 204 
Did you know that almost 1 in 4 Florida home loans are delinquent? Even though most of my real estate business in Destin Florida is short sales, this news has stunned me. According to an article by the Miami Herald, 23% of Florida mortgages, or 807,000 of 3.5 million loans are in foreclosure or have late payments by a month or more.
So, if you live in Destin, Niceville, Fort Walton Beach or Navarre Florida, look up and down your street. If you are out buying groceries in Crestview or Santa Rosa Beach Florida, look at the people in line with you.
Your neighbors, co-workers, gym buddies, friends and aquaintances are part of this group of homeowners who are hurting. They have lost jobs or income. They may not tell you, but how can they not be affected? You do know someone who is behind in their mortgage, don't you?
Or maybe it is you? Don't be ashamed, and please don't be afraid. There is help for you to avoid foreclosure or avoid losing your home. You are not alone.
Your first step, if you are in financial trouble, is to contact your mortgage lender. Your lender may be able to:
Modify your mortgage terms for lower payments by extending the length of the loan
Reduce your mortgage interest rate Temporarily suspend payments Allow missed payments to be paid back over time Decrease your total mortgage amount If you cannot keep up with your bills contact the Consumer Credit Counseling Service or the National Foundation for Credit Counseling. Groups like CCCS help people with debt management. They may be able to arrange a plan with your creditors to lower monthly payments and save a dire financial spiral. Organizations that work with consumers to manage debt usually charge a small monthly fee, but only if there is capacity to pay. It's Wendy! Wendy Rulnick, Broker, Short Sale Specialist Destin Short Sales & Pre Foreclosure Help. Read Wendy's Destin Real Estate Blog Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204 Email Wendy: itswendy@rulnickrealty.com
If you have already been served a complaint for foreclosure on your Destin, Niceville or Santa Rosa Beach property, it is not too late to see if your lender can help you. If not, seek legal counsel and consider your alternatives.
Finally, a "short sale" may help you stop the foreclosure and allow you to sell your home for market value, even if that is less than your mortgage balance. A short sale is better for your financial future than foreclosure, and you may be able to buy another home in two years or even less. Many lenders allow this option. But don't wait until it is too late.
Take action and pick up the phone today. Be "pro-active", and take care of yourself, your family and your future.
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.
Beachside II Condo, Sandestin FL
Lender: EMC
Original Purchase Price 2005: $800,000
Mortgage Amount: $640,000
Approved Sale Price: $300,000
Notes: Initial contract price was $359,000. Buyer was obtaining a Fannie Mae mortgage. Fannie Mae would not approve the Beachside II condo project for financing due to an outstanding lawsuit against the homeowners association. New Fannie Mae guidelines require analysis of the project where financing is sought, even for existing condominums. Since buyer was unable to get a Fannie Mae mortgage, EMC approved a reduced $300,000 cash purchase price.
To avoid foreclosure and sell your Sandestin home or condo as a short sale, contact an experienced real estate agent who specializes in short sales. It's Wendy! Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc. Destin Short Sales & Pre Foreclosure Help. Read Wendy's Sandestin Real Estate Blog Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204 Email Wendy: itswendy@rulnickrealty.com 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. Wendy is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". She and co-founder Bryant Tutas have developed short sale agent training.
This Ariel Dunes condo, in Destin Florida, has been approved for a short sale.
It's Wendy! Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc. Destin Short Sales & Pre Foreclosure Help. Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204 Email Wendy: itswendy@rulnickrealty.com 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. Wendy is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". She and co-founder Bryant Tutas have developed short sale agent training.
Lender: Suntrust
Mortgage Balance: appr $380,000
Contract Price: appr $225,000
Terms: Fannie Mae asked seller for promissory note for $8000 to pay past due HOA fees for $100 month for 80 months. Seller instead offered $6000 cash contribution. Fannie Mae agreed.
To avoid foreclosure and sell your Ariel Dunes or any Destin condo as a short sale, contact an experienced real estate agent who specializes in short sales.
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Destin short sales, real estate, homes for sale, condos on the Emerald Coast of Florida- Destin, Sandestin, Fort Walton Beach, Santa Rosa Beach, Seagrove Beach Navarre, Niceville.
