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.
This waterfront townhome was approved for a short sale in Niceville Florida.
Hardship: Death of breadwinner
Senior Lien: GMAC balance $220,000
Junior Lien: USAA balance $148,000
Sale Price: $219,000
Cash Contribution: $2,500 to GMAC and $13,000 to USAA negotiated down from $44,000
Total Cancelled Debt: $135,000
To avoid foreclosure and sell your Niceville real estate 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.
Niceville 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 to sell your Niceville real estate: 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 home at 1694 Valparaiso Blvd., in the Pinecrest subdvision in Niceville Florida, has just been approved for short sale! It's Wendy! Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc. Niceville 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 to sell your Niceville real estate: 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 - both first and second mortgage
Servicer: First American Loss Mitigation Services
Loan Type: Fannie Mae
Hardship: Job Loss
1st Mortgage Balance: $192,000
2nd Mortgage Balance: $40,000
List Price: $149,000
Cancelled Debt: appr $83,000
Time for approval: 75 days
To avoid foreclosure and sell your Niceville real estate as a short sale, contact an experienced real estate agent who specializes in short sales.
HAP has done it again! I recently wrote about the military's Homeowner Assistance Program that is supposed to help our United States service members. When they have orders to relocate, or pcs, to a different military base, the newly expanded HAP would to cover up to 90% of the loss in the service member's upside-down mortgage. That would be wonderful, because many of our airmen, soldiers, marines and sailors purchased homes that are now worth less than the mortgage balances. The HAP program would probably save them from foreclosure or short sale.
HAP has provided NO assistance since the initiative was expanded by the American Recovery and Reinvestment Act of 2009 that became law this February. HAP has continually removed information from its website. They have thousands of applicants awaiting help. They have done nothing. And now it's worse.
Just this morning, I was notified by Don Duft, a fellow Realtor serving military, that HAP HAS COMPLETELY REMOVED ITS WEBSITE.
Friends, this is OUTRAGEOUS! Last time I wrote there is no help from HAP, now they are completely missing. It is time to take action! Don has shared a draft letter that I modified for your use. You may customize it to write your Senator or Congressman to do something to help our military members. Tell them HAP is TOO LATE to help thousands who have orders to pcs. Action must be taken NOW to support the men and women who defend us every day!
Honorable Senator or Congressman________
As Realtor working with Veterans and United States military members it appears that the DOD Homeowners Assistance Program is not responding to those authorized to be assisted in the 2009 Stimulus bill – those Active Duty Military in a Permanent Change of Duty Station (PCS). The 2009 PCS season is at its peak and the DOD does not have the rules issued by which an applicant can benefit. In fact, nothing has been done.
It is time that you step in to intervene for these deserving Active Duty Military members so they can complete their PCS move assisted by the program the Senate and House crafted and was signed into law. These brave men and women do not deserve foreclosure or ruined credit, while defending our nation. It is not encouraging and when you call it is even more discouraging.
Sincerely,
YOUR NAME HERE
It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc. 850-650-7883
Eglin AFB and Hurlburt Field FL Real Estate
Short Sales & Pre Foreclosure Help for Eglin AFB and Hurlburt Field.
Read Real Estate Blog
Email Wendy to sell your home or buy a home: 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".
HAP, where are you?
HAP is the Homeowner Assistance Program for U.S. military members “who face financial loss” when selling their homes in order to PCS, or "permanent change of station" to a new base. In other words, if you are an airman stationed at Eglin Air Force Base, Hurlburt Field or any other base and you have “orders” to move and your mortgage amount is more than the current value of your home- HAP is supposed to help you. HAP was meant to help cover a significant portion of your losses so you can dispose of your real estate to PCS, even if you are upside-down in your mortgage, without facing foreclosure.
But what is HAP doing? I am sorry to say- NOTHING! Thousands of servicemen have applied for help and many have already relocated - with no financial assistance. I have written a series of posts with information every time I get updates about the HAP program. Each time I write a new blog, HAP changes its story and so far has done NOTHING to help upside-down Eglin AFB and Hurlburt Field airmen who are forced to relocate to new bases. On a previous blog I posted a link to the Department of Defense Directive that detailed the new HAP policy for PCS moves. When I checked the blog links about a week later- I found the information had been REMOVED from the HAP site. Further, the HAP site used to have an expanded FAQ (Frequently Asked Questions) section that answered many questions about the new PCS help. Those questions have been since REMOVED. But not before I quoted them in another post.
Our military members are good citizens and purchased homes when they moved to Eglin AFB or Hurlburt Field. Now, forced to PCS, they are faced with a choice:
1. Rent out their property, for an amount insufficient to cover their mortgage payment, due to declining rentals. Most military do not have enough to cover the shortfall.
2. Let the property go to foreclosure.
3. Do a short sale.
4. Bring money to closing to cover the loss- highly unlikely since most Fort Walton Beach, Crestview and Navarre Florida homes purchased in the last few years are $100,000 or more upside-down.
5. Wait for HAP while doing any of the above.
When HAP finally puts an assistance policy in place, these servicemen may get reimbursed part of the loss on their upside-down mortgages. But my question is- what good is a reimbursement after a lender has foreclosed or a short sale has been completed? By the time HAP starts working, it would be too late. There will already be a hit on the airmen’s credit. HAP representatives have suggested to me that the affected homeowner “borrow” an amount sufficient to cover the loss in a short sale, then wait for HAP funds. My question – "HOW can an airman who earns $50,000 borrow a $100,000 note to “cover” an upside-down mortgage?" He cannot.
HAP, you’ve got to help… NOW.
It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Emerald Coast Short Sales & Pre Foreclosure Help.
Read Emerald Coast Real Estate 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, Broker/Owner Rulnick Realty, 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".
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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.
