Crestview Short Sale Approved By GMAC as HUD / FHA Short Sale
December 4, 2009
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 DaysSince 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.
Sales notes:
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:
- You must be delinquent 31 days or more at the time of sale.
- You must list the property with an un-related Licensed Real Estate Broker
- 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.
- The property must be an owner-occupied, except for cases of job transfer, death, divorce, job loss
- There should be written proof of your decrease in income showing inability to pay the mortgage, job loss, etc.
- 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
- HUD allows 6% Realtor commission
- HUD will not pay for Home Warranties, points or lender’s title insurance
- You must get approval to participate in the HUD Pre-Foreclosure Sale Program in advance
- 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.
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.
Dramatic and private – this is your home in Baker Florida, in the Countrywood Estates. Stately setting on one acre lot in a lovely subdivision situated in nature. Spacious open split floor plan, inviting family area and a private master suite. The kitchen is well equipped with an island and a breakfast bar. Enjoy BBQ on the patio with the cool evening shade of the trees. Baker is part of the Crestview Florida area, and this short sale home only about 30 minutes to Eglin AFB.
This Crestview short sale home is offered at $189,900.
It’s Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
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
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.
605 Rowan Circle, Rolling Ridge, Crestview Florida
Wendy Rulnick just sold this gorgeous new home in the D.R. Horton subdvision, Rolling Ridge in Crestview, Florida. The floor plan is wide open with a huge kitchen with columns facing the living room. There is formal dining room with wood floors. The master bedroom is oversized and luxurious. With this D.R. Horton home plan in Crestview, you can pick your finishes, including counter top, flooring, cabinets and more. Rolling Ridge is about 5 minutes south of I-10 and an quick commute to Eglin Air Force Base. Fast routes to Destin shopping and beaches, too.
This new Crestview home sold for $212,900 with builder incentives and much closing costs paid. VA financing is available for low or potentially no-cost closing to move in!
When buying new construction or any home in Crestview Florida, consider hiring your own experienced real estate agent.
Review my guide to buying new construction and call Wendy Rulnick at 850-259-0422 for representation.
It’s Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Crestview 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
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.
232 Limestone Circle, Crestview Florida Short Sale
September 15, 2009
This great Crestview Florida short sale home at 232 Limestone Circle is south of I-10 in the Redstone subdivision. Striking cathedral, plant ledges and open floor plan! Walk into this inviting brick home and see a huge open area that includes a large formal dining area on your left, which separates the master from the guest rooms. To your right is a large kitchen with an island and breakfast bar, which is open to the living area. There are many and well placed windows, giving natural light. The master bath has a double vanity and garden tub with shower. Excellent commuting from this Crestview Florida house to Eglin Air Force Base, Duke Field and Destin shopping and beaches. Short Sale.
Offered at $137,700
It’s Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Crestview Short Sales & Pre Foreclosure Help.
Read Wendy’s Crestview 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
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.
Crestview FL Short Sale – Countryview Estates
July 23, 2009
1254 Ego Drive, Crestview Florida - Short Sale
It’s all about the yard at this Crestview Florida home in Countryview Estates. You will fall in love with the Japanese maple tree, asian benches, St. Augustine grass and enormous patio. Inside, wide open spaces in the dramatic living room open to dining. Kitchen is bright and big with center isle. Soothing master bedroom separate from secondary bedrooms. Huge master bath with two walk-in closets. Wood laminate floors give an upscale look. This excellent location is south of I-10 in Crestview, an easy commute to Eglin Air Force Base. 35 minutes to Destin beaches. Short sale subject to seller’s mortgage holders’ approval. Offered at $146,700.
It’s Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Crestview 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 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”.
Crestview FL Commercial Property
November 22, 2008
1058 Farmer St., 4.77 Acre Commercial Lot, Crestview FL 32536
Wooded lot – almost 5 acres. Located between a day care and concrete company- this lot may have commercial, light industrial and/or multi-family development potential. Okaloosa County GIS website lists RGD with future land use MU (mixed use). There is an old house on the property not being sold as a livable residence, nor for any value. Buyer to do own feasibility study for desired use.
Dimensions Approx 330 x 628 List Price: $195,000
It’s Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Short Sale Pre Foreclosure Help.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email itswendy@rulnickrealty.com
Wendy Rulnick specializes in real estate sales, short sales, traditional sales on Emerald Coast of Florida: Destin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. Wendy Rulnick, Broker and Realtor, has been selling real estate for almost 20 years. She has won numerous awards, including the coveted ADDY for advertising design. An expert marketer of real estate listings, she negotiates successfully to her dients’ advantage. She is supported by a team of top buyer specialists. She lists and sells homes, condos, lots and townhomes.
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250 Limestone Cir, Crestview FL Property For Sale
November 6, 2008
250 Limestone Cir, Crestview FL Property For Sale
Nice, neat, newer! Open floorplan, crisp condition. Wonderful breakfast bar, cathedral ceiling. Maple cabinets, large pantry. Master features garden tub, separate shower. Large walk-in closet, too! Short sale. $174,900
It’s Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Search Crestview FL real estate
Crestview FL Short Sale Pre Foreclosure Help.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email itswendy@rulnickrealty.com
Wendy Rulnick specializes in real estate sales, short sales, traditional sales on Emerald Coast of Florida: Destin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. Wendy Rulnick, Broker and Realtor, has been selling real estate for almost 20 years. She has won numerous awards, including the coveted ADDY for advertising design. An expert marketer of real estate listings, she negotiates successfully to her dients’ advantage. She is supported by a team of top buyer specialists. She lists and sells homes, condos and townhomes.
