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Now May Be The Best Time To Complete A Tucson Short Sale

July 16, 2013

Are struggling to make your mortgage payments every month with no relief in sight? Unfortunately many homeowners make the decision to stop paying their mortgage or even worse, empty their savings account to stay current. A Tucson short sale may be your best solution to your current underwater mortgage problems.

A Tucson short sale occurs when your lender accepts less money than you currently owe in order to satisfy your mortgage note. While this may seem odd it is actually a good thing for both sides. By removing your toxic, non-performing loan from the books your lender can also avoid the possibilty of owning your home through a foreclosure. For you the homeowner a Tucson short sale can allow you to move on from your inflated mortgage payments while selling your home for little to no cost. Depending on who your short sale agent is there is a very good chance your Tucson short sale will cost you no money out of pocket. Your agent is actually paid by your lender at closing once the short sale has been approved by all parties involved. On average a Tucson short sale will take three to four months from start to finish but it is very possible to close in a shorter time. Many homeowners that have completed a Tucson short sale have also received a short sale incentive simply for selling their home. These programs are offered by your lender and also government entities and provide tax relief and relocation assistance to homeowners who complete a short sale. If you find yourself in a position to short sale the last thing you need is another bill stairing you in the face. By finding a Tucson short sale agent that charges no fee’s and may be able to qualify you for short sale incentives you may be able to put more money in your pocket.

So if your mortgage is upside down and struggling to make your monthly payments consider a Tucson short sale. Finding the right agent may be all you need in order to avoid foreclosure and move on with your life.

Before You Make Those Repairs Consult Your Agent About Short Sale Potential

July 15, 2013

Hello everyone Shawn Polston here with Tucson Short Sales and Keller Williams Southern Arizona thank you for your time today. I use my blog to keep distressed property owners in Southern Arizona informed about the ever changing housing market and how they can take advantage. If you can no longer afford your mortgage or just need to talk with a short sale expert about your options please give me a call or visit my website today. As a long-time member of this community I am here to help homeowners with any and all of their real estate decisions.

Today I wanted to talk with homeowners who may be considering a short sale but also have some repairs that are needed around the house. In a traditional home sale homeowners often complete some minor repairs or improvements around the house in order to hopefully increase the selling price. In the case of a short sale we will typically sell your home as is without any time or money invested for the sale of the home on improvements. Whether your carpet is a little date or if you have a roof leak it does not matter what condition your home is in. I have sold homes that needed an entire new roof through a short sale before and it worked out great for both parties. It is possible the purchaser will ask for improvements to be made and at that time we can discuss what is best for you in order to sell your home. But ninety nine percent of the time these improvements or maintenance issues are handled by the new homeowner.

Whether a traditional sale or a short sale is needed for your home discuss your repair issues with your agent before making any decision. You may be able to save some money while also getting the right price for your home selling it as is. Thank you for your time and I look forward to helping you with any of your Southern Arizona real estate questions.

Is Your Realtor A Tucson Short Sale Specialist?

July 9, 2013

Are you looking for a realtor to help you with your Tucson short sale and had just planned on working with your traditional real estate agent? If this is the case, Tucson short sale experts want to caution you that this may not be the best decision for a few different reasons.

When selling your home on the Tucson short sale market, you want to ensure that the realtor you are working with has as much Tucson short sale experience and knowledge as possible. There is a tremendous difference between an equity sale and a Tucson short sale and because of this hiring a Tucson short sale specialist is imperative to the success of your transaction. For example, with a Tucson short sale you are required to submit a short sale package that contains financial documents, a hardship letter and sometimes lender-specific forms. If you work with a real estate agent that isn’t experienced in the Tucson short sale market, they may not be aware of the different financial documents and lender-specific forms that are required; this could cause your Tucson short sale to either be held up or declined. Also, if your lender initially rejects your Tucson short sale submission, is your regular realtor going to push back and try to figure out why the short sale was rejected, or will they just simply tell you that your Tucson short sale can’t be completed?

There are a number of different nuances with the Tucson short sale process and trusting something so important to a realtor that lacks the experience is something that isn’t in your best interest. You want to ensure that your realtor is a Tucson short sale specialist that has the drive, knowledge and expertise that you need to get your Tucson short sale completed successfully. If you need to complete a Tucson short sale the most important first step that you can take is to make certain that your realtor is in fact a Tucson short sale specialist.

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About Shawn Polston

Shawn has been a Realtor since 2006. Prior to becoming an agent Shawn and his wife were active real estate investors. Shawn takes his education seriously; he’s taken over 200 hours of continuing education classes, to keep up-to-date on current laws and trends. Shawn is a member of the Arizona Association of Realtors Master of Real Estate Society and a Graduate of the Realtor Institute. He is also a HAFA certified Short Sales and Foreclosure Specialist in addition to being a National Association of Realtors Short Sale and Foreclosure Resource.

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