Facebook Linkedin Youtube Rss

What Do I Need to Do In Order To Qualify for a Short Sale on my Home?

July 19, 2012

Hi there, I am Shawn Polston with TucsonShortSaleNegotiator.com and 520ShortSale.com, your Tucson short sale specialist. I wanted to speak with you today about something that commonly comes up. One of the questions that I commonly get is people wondering how they qualify for a short sale. The reality of it is, most of the people I run into do qualify for a short sale. There are some very obvious ones, maybe a death in the family, divorce, job relocation, medical problems or any of those types of things going on. Or if you foresee or are having financial troubles or you know that the day is coming where your payments will stop coming in, your lender will look at that as imminent default if default is on the horizon.

If for any reason your payments are not coming in, there is a very high chance, I don’t want to say 100% because nothing is ever 100% where it involves financial institutions. The odds of them saying you’re a good short sale candidate if payments are not being made for any reason are very high. If you are in a situation where your payments are behind for any reason whatsoever contact me sooner rather than later so we can discuss your options and figure out what the best way for you to move forward is. Again, I’m Shawn Polston your Tucson short sale expert and I am here to help answer any questions you may have about the short sale process. I hope you are having a great day and I look forward to speaking with you soon.

We Have A Great Relationship With The CitiBank Short Sale Department

July 12, 2012

Hi there, this is Shawn Polston with TucsonShortSaleNegotiatior.com, 520ShortSale.com and Keller Williams in Tucson. I wanted to talk to you today about my friends at CitiBank. My team and I have an incredible relationship with CitiBank and we have an extremely high success rate with getting CitiBank short sales pushed through.

One of the reasons for that is because we have a mortgage relationship with CitiBank and that person knows some contacts within CitiBank so when we do run into problems, which isn’t often, they’re able to help us out. One of the things I see is that when other agents or homeowners are having problems with their CitiBank short sale, it’s often times because the agent that is handling the short sale isn’t aware that CitiBank has three different short sale departments.

You may be wondering why CitiBank has three different departments and it’s because it’s broken up into different loan types. If it’s a home equity line of credit, a second mortgage or a first mortgage, these could all be handled by different short sale departments. What can unfortunately happen is the agent sends all of the short sale documentation to the wrong department. The short sale package just sits there until someone realizes it’s been sent to the wrong department.

One of the things my team always does and always knows is which department the short sale package needs to go to at CitiBank. I wanted to put that out there not only for the general public, but for other short sale agents as well. If you’re trying to process a CitiBank short sale, it’s never a bad idea to call them and make sure you’re sending the short sale package to the right department. It will save you a lot of time in the long run and help out your success rate. If you have any other questions about short sales, please fill out my request form or give me a call.

Active Military Short Sale Information

June 28, 2012

Hi there, I’m Shawn Polston with TucsonShortSaleNegotiator.com and 520ShortSale.com, with Keller Williams and your Tucson short sale specialists. Today we have breaking news from the Federal Housing Financing Agency. The Federal Housing Financing Agency has a great deal of control they exert over our friends at Fannie Mae and Freddie Mac. Today they just announced something very important to members of our military. They have made some changes in that if you are a member of the military and you have received a permanent duty station change and you have your orders and you are going to have to move, even if your mortgage is current, that is considered a legitimate hardship for the purpose of a short sale. Not only does this guidance say they have to process your short sale but they also have to completely relieve you from the debt if your loan is owned by Fannie Mae or Freddie Mac.

If you have questions about whether or not your loan is owned by Fannie Mae or Freddie Mac and is this program going to qualify? I have very easy access and a very easy way to determine if that’s the case. I encourage you if you know you have a permanent duty station change coming up and you have a house that is underwater or even if it’s not under water, we are here to help you with getting you out of that house and getting you moved on.

Again I’m Shawn Polston with your Tucson short sale specialists and we’re here to help answer any questions you may have. Please feel free to fill out my request form on this page or give me a call today. Thanks and I look forward to speaking with you soon.

Stay or Sell?

Crunch the Numbers on Your Home Instantly!
Start Here

What is a Short Sale?

Start Here

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.

More About Shawn

© Polston Results Team – Tucson Short Sale Specialists