Sandestin Short Sale Success Stories

 Contact Wendy Rulnick, Fort Walton Beach Florida short sale agent for help at 850-650-7883 ext 204 or email  


2932 Pine Valley

This unique short sale home at 2932 Pine Valley, in the Burnt Pine subdvision of Sandestin just sold.  It was built for privacy, surrounded by woods and nature on all sides. The contemporary, stylish Burnt Pine home had tall ceilings, cherry floors and monumental windows showcasing the surrounding forest. The kitchen had granite counters and drop lights. The living room, dining room were impressive, with 14′ celings, surrounded by light. Outside find interesting walkways, decks, stone patios, planter boxes, pergola, pond and places to meditate. Two driveways, one for side-entry garage, the other for guests, and a standing seam metal roof were other features.

Burnt Pine in Sandestin is well-located and opens a Burnt Pine homeowner to a world of amenities.  Sandestin is home to shopping at Baytowne Wharf, the beach, pools, tennis, health club, walking trails, and of course, golf.

2132 Pine Valley Dr., Burnt Pine, Miramar Beach FL 32550 – just sold for $530,000, as a high dollar loss short sale.

Sandestin short salesSandestin short salesSandestin short salesSandestin short sales

It’s Wendy!




Sandestin short sale agent

Villa Lago Lot 127 Baytowne Loop, Sandestin Florida has been approved forshort sale by Bank of America. This was a lengthy approval time frame, but we got it done!

Here are the details:

Original purchase price: $300,000 appr

List price: $65,000 appr

Mortgage holder: Bank of America

Seller Contribution: $8000 appr

Waiver of Deficiency: yes

This one of my longer recent Bank of America short sales. They clocked in at almost six months from contract to approval. I had to escalate the file a few times viaBank of America’s Twitter TeamIt did receive attention, as a Vice President called me to follow up. The Bank of  America negotiator worked hard to reduce the seller’s cash contribution to get him a waiver of deficiency. This was negotiated down from over $20,000 to about $8,000. The Sandestin homeowners association and Villa Lago homeowners association also reduced their balances to make this sale happen, but Bank of America paid over $10,000 in dues to complete the transaction. The buyer contributed a little toward the HOA balances, as well.  In the end, the seller was delighted. This Villa Lago property on Baytowne Loop should close in a few weeks.

If you are thinking of selling your Sandestin Florida property as a short sale or a traditional sale, contact Wendy Rulnick at 850-650-7883.  I can help you navigate this interesting market.

It’s Wendy!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-650-7883 ext 204
Email Wendy:


 This bay view Elation Condo in Sandestin Florida was just approved for short sale. The new buyer will be able to use the Grand Sandestin pool, or chill out at the "Solstice Club" with bar, grills and more. Home owners in Sandestin also can enjoy the on property beach, shopping at Village of Baytowne Wharf, the Baytowne Conference Center, golf, tennis, the beach, gyms and more. Elation is in a quiet corner of the resort, and offers the utmost in refinement in the heart of Sandestin.

Wells Fargo approved the Elation, Sandestin Florida short sale in less than 45 days. The unit was under contract in 45 days. The investor for the mortgage was Fannie Mae, who settled for the net short sale proceeds and waived the right to deficiency judgment.

If you need to sell your Sandestin FL condo to avoid foreclosure, be sure to contact an attorney and an experienced Sandestin short sale agent.

 Do you think your mortgage is “too upside down” to do a short sale? Think again. Many Sandestin Florida homeowners bought houses and condos with loans over a million dollars in 2004-2007. Today, those property values might worth one-half of their original purchase price. With such high dollar losses and faced with financial difficulty, many of these homeowners don’t think they have a chance at a short sale. Heck, even some real estate agents question me before showing my Sandestin listings. They say:

“I checked public records. You have that property listed at a BIG loss from the original mortgage amount. Can you even get the short sale approved?”

What? The loss amount? Why are you asking me that question? Any loss amount can be approved – if the other ingredients in the short sale are right. Some of those ingredients are: copies of bank statements, tax returns, paystubs, hardship letter, fair market value offer. Wait! This all sounds like a standard short sale! Hmmm…. well, it is!

For example, I just received approval on a Bank of America short sale listing in the Burnt Pine subdivision of Sandestin Florida. The original mortgage was over one million dollars, and the net proceeds from the short sale to the lender will be about $490,000. It will be $530,000 less than the mortgage balance. Did the short sale process take longer? Yes, but not much more than the standard time frame. Did the seller participate in the loss? Yes, the seller agreed to a small promissory note and a cash contribution. Did Bank of America waive its right to seek a deficiency judgment? Yes, it did.

How did we succeed getting approval for this high dollar loss Destin Florida short sale? The same way we get other short sales approved. Complete documentation, a strong contract, a serious seller and tenacious follow up

 Wells Fargo, formerly Wachovia, has approved a Magnolia Bay townhome in Sandestin Florida as a short sale. The unusual part of this short sale was that the senior mortgage holder, Bank of America, was not "short".

What does this mean? The sales price of the property was more than enough to pay the balance on the Bank of America mortgage. That is an unusual situation in Sandestin Florida and vicinity. Most short sales in the market area are "upside down" on both mortgages. Usually, the senior lien holder will pay a paltry sum to the junior lien holder to "entice" them to release their lien and allow the sale. In this case, Wells Fargo was satisfied with about one-third of its balance, and approved the short sale.

Hint: If you are negotiating with a junior lien, consider offering a cash contribution. They may then approve your short sale as "settled". It will be reflected on your credit report, but you will be done with them. As always, consult an attorney and an experienced Sandestin short sale agent.

It's Wendy!

Wendy Rulnick, Broker, Rulnick Realty, Inc.

Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204

Email Wendy:

Sandestin Florida Real Estate

Sandestin Short Sales & Pre Foreclosure Help.

Read Wendy's Destin Real Estate Blog

This beautiful Bungalos at Sandestin home was just approved for short sale. Sandestin is a subdivision in Destin, Florida in Walton County. The home is scheduled to close within 30 days.

Lender: Bank of America, junior and senior liens

Hardship: Death of borrower partner

Mortgage Balance: $405,000

Sale Price: $310,000 approximately

Approval Time: 105 Days

If you need to sell your home as a short sale in Destin or Sandestin, Florida, it is best to hire an experienced short sale agent.

Let Wendy Help You With Your Sandestin Short Sale

This beautiful Destin home was just approved for a short sale. It is in the Laurel Grove subdvision in Sandestin Florida.

Lienholder: Wells Fargo

Mortgage Balance: $560,000

Sale Price: $399,000

Approval Time: 90 Days

If you need to sell your home as a short sale in Destin or Sandestin, Florida, it is best to contact an experienced short sale agent.

It's Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.

Let Wendy Help You With Your Sandestin Short Sale 

This 9th floor unit in the gulf-front Westwinds condo in gated Sandestin in Destin Florida was just approved for short sale. Soothing jewel-like colors. Granite breakfast bar, inlaid tile backsplash, recessed lighting. Plush furnishings. Tile flooring. Gorgeous sights of beach, grounds, pool. Westwinds is on the south side of Hwy 98, with gulf-front amenities, restaurants, work-out facilities and shopping.

Sandestin in well-know for its Gulf of Mexico and Choctawhatchee Bay setting, Village of Baytowne Wharf and extravagant landscaping. Just five minutes away are more Destin Florida attractions- Grande Boulevard, Destin Commons and of course, Gulf of Mexico Beaches.

Listed at $589,000, Bank of America has accepted over $300,000 loss. The short sale approval took 90 days.

It's Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.

Let Wendy Help You With Your Short Sale 


Wendy Rulnick
Rulnick Realty, Inc
Ph: 850-259-0422Fax:1-866-888-7792
12889 Emerald Coast Pkwy #107-A
Destin, FL 32550 US