Antioch Estates, Crestview FL - VA Compromise Sale Approved by BB&T

By
Real Estate Broker/Owner with Rulnick Realty, Inc.

Crestview VA Compromise Sales

This Antioch Estates home in Crestview Florida was just approved for VA Compromise Sale.  It was an unusually swift approval for a short sale!  Here are the details:

Mortgage Holder: BB&T

Original Balance: $205,000 appr

Current Market Value: $150,000 appr

Short Sale Deficiency: none

Time for Approval: 33 days

Reason for sale: Eglin AFB military PCS (permanent change of station)

Did you know that VA Compromise Sales don't normally have deficiency judgments?  They will, however, exclude any unpaid entitlement from your future VA entitlement until you choose to pay it back. Here is the information from the  VA Home Loan Program:

"The VA guaranty, which protects the lender against loss, encourages the lender to make a loan with terms favorable to the veteran. But if you fail to make the payments you agreed to make, you may lose your home through foreclosure, and you and your family would probably lose all the time and money you had invested in it. If the lender does take a loss, VA must pay the guaranty to the lender, and the amount paid by VA must be repaid by you. If your loan closed on or after January 1,1990, you will owe the Government in the event of a default only if there was fraud, misrepresentation, or bad faith on your part."

If you are contemplating VA Compromise Sale because you have a required PCS move from Eglin AFB, Hurlburt Field, or Duke Field, contact me to find out how this program can work for you - itswendy@rulnickrealty.com

 

It's Wendy!

 

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204

 

Wendy Rulnick is knowledgeable in all aspects of short sale, including VA Compromise Sale, FHA HUD pre-foreclosure sale, HAP military PCS, HAFA, Bank of America Coop program and more.   Wendy Rulnick sells real estate in Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Panama City Beach, Eglin AFB, Hurlburt Field. 

Posted by

"It's Wendy... It's Sold!"

Wendy Rulnick, Broker/Owner Rulnick Realty, Inc.

Call Wendy Rulnick 1-850-650-7883 ext 204

email itswendy@rulnickrealty.com

www.ItsWendy.com property searches and community info

www.ShortSales-EmeraldCoast.com for short sale help on the Emerald Coast

Co-Founder www.ShortSaleSuperstars.com  national network

Wendy Rulnick is the marketing choice for sellers on the Emerald Coast who want to list and get their homes and condos sold in Destin, Sandestin, Bluewater Bay, Santa Rosa Beach, 30-A, Watercolor, Seaside, Rosemary Beach, Seacrest Beach, Kelly Plantation, Regatta Bay, Destiny and more.

Rulnick Realty

 

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Rainmaker
1,883,356
Gabe Sanders
the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Because of your knowledge and expertise, you've just gave a buyer a great opportunity and helped a seller from big financial distress, great work, Wendy.

Aug 01, 2012 05:05 AM #1
Rainmaker
456,505
Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
Destin FL Real Estate

Gabe - Thank you so much!

Aug 01, 2012 11:44 AM #2
Rainmaker
660,166
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

You do some good work Wendy, I agree with Gabe, you helped the seller from a financial stress situation!

Aug 03, 2012 02:57 PM #3
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Rainmaker
456,505

Wendy Rulnick

Destin FL Real Estate
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