776 Overbrook Dr., Fort Walton Beach FL – VA Compromise Sale – Sold in 1 Day
This Fort Walton Beach Florida VA Compromise Sale home just went under contract after one day on the market. Located in the Overbrook subdivision at 776 Overbrook, it attracted multiple offers due to competitive pricing. Some of the features of this home included striking ceiling heights, wood laminate floors, generous kitchen and Florida room.
The VA Compromise Sale is a type of short sale for home mortgage loans back by the Veterans Administration. This VA Compromise Sale is serviced by Bank of America. Some of the requirements to get a VA Compromise Sale approved are:
- The borrower (seller of the VA Compromise Property) must have a hardship
- A VA Appraisal must be conducted
- Net proceeds from the sale are to be a minimum of 85.05% of the appraised value. This is a change in theprogram issued in October 2013 from prior years net value requirement of 88.13%.
This Fort Walton Beach Florida VA Compromise Sale will be transacted with Bank of America by fax and email, as opposed to most other Bank of America short sales which are processed through the Equator online platform. The expected time for approval is about 60 days.
It’s Wendy… It’s Sold!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: [email protected]
Fort Walton Beach VA Compromise Sale specialist
Wendy Rulnick, Broker, is a short sale and pre-foreclosure specialist and has been featured in “Kiplinger Personal Finance Magazine” and “Florida Realtor Magazine”. She has successfully helped hundreds of families avoid foreclosure through short sale along the Emerald Coast of Florida. 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. She is also co-founder of www.ShortSaleSuperstars.com and short sale instructor to agents across the United States. 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.