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Can The Lender Sue Me After A Short Sale?

November 1, 2010

This is a great question. This is also a question is answered with lots of myths, confusion, and bad information. You need to speak with a qualified attorney on this matter. The state of Arizona has limited deficiency protection. Odds are very high that you qualify under the state’s deficiency statutes. However, you should speak with an attorney that specializes in contract law within the state of Arizona. You need a specialist in real estate contract law.

Usually this question comes up when we are speaking about home equity lines of credit. With most home equity lines of credit the lender’s ability to pursue you after a foreclosure or a short sale is exactly the same. However, you need to speak with a qualified attorney on this matter.

Meet Shawn Polston, Tucson Short Sale Specialist

October 31, 2010

Hello and welcome to our website. Meet Shawn Polston, owner of Tucsonshortsalenegotiator.com. Shawn is a short sale listing agent with Keller Williams Realty in Tucson, AZ. He has been in the business since 2005, helping numerous homeowners just like you avoid foreclosure. Shawn and his team are very proud of their success rate, closing more than 90% of the short sales they encounter.

You may wonder why that is important. The industry average for successfully closing short sales is somewhere between 20% – 50%. These figures are appalling. Shawn attributes his high success rate to the attitude that he takes into each transaction. Shawn understands that his clients have put their faith in him. So, his team works hard to get your short sale accepted. Shawn and his team are absolutely relentless when dealing with the bank. Also, with there experience, they have developed a system that gets proven results. Lenders that they work with understand that Shawn and his team knows what they are doing. This helps move your short sale to the forefront of the bank’s attention.

We know that you may have more questions. Please take the time to look around our website and fill out our short sale request form. We would love the opportunity to speak with you to understand your specific situation. Have a great day!

How Long Does It Take To Complete A Short Sale?

October 30, 2010

This is a good question. After you and I decide that we want to work together, I need you to gather some information for your short sale package. Depending on how readily available your documents are, it is really only about an hour of work. Generally speaking, most homeowners can get this together in about 48 hours. From that point it will take a few days to get your home listed in the MLS. We typically get offers on your short sale in 30 to 60 days. When we get an offer, we negotiate with your lender. This negotiation with your lender typically takes between 45 and 60 days. When we have an agreement from your lender we can close the sale in about 30 days. So, in most case, we are looking at a four to six month process from the time that we start working together.

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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.

More About Shawn

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