Northwest Florida Realtor: November 2010

Foreclosure bank owned property.Custom built log cabin this very unique country home is located in the north end of the county (Leonia area) and is definitely one-of-a-kind! This 3 bed 3 bath offers an open floor plan very spacious and is great for entertaining guest.There is a grand fireplace in the front room as you enter. This home which also includes 5 acres this would allow you several horses and there is plenty of room for all kinds of special events or just the family.This property also features skylighted sidwall ceilings 2 car garage with electric garage door - plus many other features. Please see attached survey home includes lakefrontage. No Assessment fees or new buyer fees. Plus many other features. PROPERTY TO BE SOLD "AS IS".

THIS IS IT!This is a Fannie Mae REO HomePath property. o Purchase this property for as little as 3% down! This property is approved for HomePath Mortgage Financing. o This property is approved for HomePath Renovation Mortgage Financing.Fannie Mae is offering 3.5 % closing cost assistance if closed by June 30th. Great chance to buy at an affordable price 3/2 BRICK HOME IN A CHARMING CUL-DE-SAC. This property has a large back yard with mature trees with inground pool, deck, palm trees, privacy fence with drive and walk thru gates, oversized garage, ceramic tile floors and much more. Located off convenient Hamilton Bridge. You will definitely want to see this home. Priced to move. Call today to schedule your appointment

MLS#: 537843md

Status: Active ApproxSF: 1,400 BG:

Address: 5737 BRONCO PLACE

MILTON, FL Bedrooms: 3

Zip: 32570 Baths Full/Half: 2/

County: SANTA ROSA Stories: 1

MainArea: 10 North Santa Rosa County YearBuilt: 1991

SubArea: 1001 - Milton OccStat: Vacant

Subdiv: JOLENE ESTATES ImmOcc? Y

ParcelID: 06-1N-28-2000-00000-0340 ConstrStat: Construction Complete

ElemSch: Berryhill Middle: Hobbs High: Milton

Dir: WEST ON HAMILTON BRIDGE ROAD TO RIGHT ON SAINTS LANE TO LEFT ON BRONCO PLACE HOME IS ON YOUR LEFT LOOK FOR THE SIGN.

Legal: JOLENE ESTATES LOT 34

Fannie Mae announced a new TV campaign is now the right time?

Great chance to own this upgraded Countryview Estates all brick home. Three bedrooms, 2 baths, formal dining, kitchen work island,2 car garage, large fenced yard and more!! Spacious split floorplan,sprawling covered porch.Call listing agent for details. PROPERTY TO BE SOLD "AS IS". o This is a Fannie Mae HomePath property. o Purchase this property for as little as 3% down! o This property is approved for HomePath Mortgage Financing. o This property is approved for HomePath Renovation Mortgage Financing.

Fannie Mae announced a new TV campaign is now the right time?

Fannie Mae Owned Property. Great Price. This property has so much to offer country living on 5.75 cleared acres perfect for horses. The home has a large open kitchen with new installed vinyl flooring and dining area with new installed flooring that takes you to the sliding glass doors that open to back yard. The family room is spacious with a fireplace and a working wood stove. The three bedrooms are very spacious to accomodate big furniture new carpet installed throughout the bedrooms. There is also a big screened Florida Room that has new outdoor carpet enclosed and screened for a Florida room. The home has a new dimensional shingle roof in 2007. You will just love the level yard that features fruit trees and camelia bushes. Come see this great piece of property today.Property to be sold as-is.

Fannie Mae announced a new TV campaign is now the right time?

o This is a Fannie Mae HomePath property. o Purchase this property for as little as 3% down! o This property is approved for HomePath Mortgage Financing. o This property is approved for HomePath Renovation Mortgage Financing. Fannie Mae is offering 3.5 % closing cost assistance if closed by June 30th. This 2 bedroom 1 bath home on two beautiful acres only minutes from Crestview and approximately 30 minutes to Eglin. This setting is located on a cul-de-sac and features a one car attached garage,decking on the back of the home with a wet bar and grill. Entering the home you will find a family room with dining area open to the kitchen. This property also includes a seperate work building and a three car detached garage with many custom cabinets in the out buildings.This property is a craftsmans dream.

Fannie Mae announced a new TV campaign is now the right time?

Bank Owned brick front vinyl siding two story home.This 3 bed 3 bath foreclosure offers an open floor plan this home features include:ceiling fans, electric fireplace, mini-blinds,granite countertops, ceramic tile, 2 car garage with electric garage door - plus many other features.Lender Owned No Assessment fees or new buyer fees on this REO.

Several different home plans in this subdivision. This homes Kitchen features granite countertops, ceramic tile. Homes offer 9-10ft ceilings, ceiling fans, electric fireplace, mini-blinds, electric garage door - plus many other features.

1 comment • Brandon Jordan • November 15 2010 12:22AM

Short sale first lien holder Bank of America wants an approval letter from the second lien holder to submit short sale package?

Short sale limbo. I recently listed a property a month ago, I quickly received an offer on the property within 2 weeks of listing the home. I quickly made contact with a negotiator I have worked with before in the VA department for Bank of America that has been a help in the past. I ask if they would take at a new Bank of America short sale I had an offer on that was VA. The negotiator took a look and told me what they would need to get this processed. I already had that all on hand and promptly turned it into the negotiator the only thing I didnt yet have was a second lien holder approval letter which was asked of me from the negotiator.

I got in contact with Key Bank the second lien holder and I had a contact for a negotiator there so I ask what they needed and quickly sent all that over to them they told me they would need an approval letter from the first before they could issue an approval letter. I went back to the first lien holder and stated what the second had said about needing an approval letter from Bank of America before they at Key Bank could issue one. Bank of America stated it sounds like we have an uncooperative second lien holder and we will have to move this file to foreclosure. It amazed me that this negotiator would jump right to that as this negotiator had been the best I have worked with and had tried and cared about doing everything possible to get these deals together as the negotiator realized this is a real family on the other side that owns this home that is trying to not be foreclosed on. I have been told by this negotiator at Bank of America that to send in the complete package to the investor that holds this note on the property they would need to have the approval letter. The Bank of America negotiator went out of their way to state on Bank of America letterhead that they are willing to give the max allowed 3 K under their VA guidelines that they can do on a VA to pay the second.

The Key Bank negotiator wouldn't answer the calls from Bank of America's negotiator and told me after my multiple calls that Key Bank would not accept this to be able to issue an approval letter. I talked with a supervisior at Key Bank and was told this was their directive from the legal department at Key Bank with any first lien holders out there they must issue an approval letter before Key Bank  they stated an OCC violation and I ask which one that might be they would not state which it was and said you can look it up I am not going to waste time on a deal that sounds like it is not going to go anywhere Key Bank will look at giving an approval letter after the first sends their approval. Is anyone else having this problem with Key Bank?

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5 comments • Brandon Jordan • November 14 2010 11:50PM

This is a very large home with 5 bedrooms and 2.5 baths in a great location. Close to beaches, Pier Park, schools and shopping. This property has undergone large scale renovation and is ready to move in. Hard to beat for a large walk to the beach.Received an offer this week bank is still accepting offers on the property.

Bank foreclosure REO. Excellent condition and it's move in ready. Home starts with a covered large porch.Enter the home and there will be a vaulted ceiling over the Living Room, Kitchen, and Breakfast Nook.This four bedroom 2 bath has a popular split bedroom design. The master bedroom Suite has double walk-in closets, separate His & Her vanities, a garden tub with glass block window and a separate shower, and additional linen closet.The 2nd bath is located between the additional bedrooms. Larger laundry room with shelves.Garage comes with pull down stairs and 10 foot ceilings. Home has seamless gutters, large driveway and back yard is partial privacy fenced and much more for this great price.