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Category: Tucson Realtor

Don’t Allow Your VA Loan To Go Into Foreclosure

February 11, 2014

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Are you contemplating a short sale with a VA-backed loan? If so, then you will want to keep watching because today I am going to discuss this. A VA loan is a government backed loan and of course the government hardly ever calls anything what everyone else does so a VA short sale is actually called a VA compromise sale.

VA compromise sales have been around for quite some time. If you are in a poor situation with a VA loan on a property, a compromise sale allows you to sell the property for less than what is owed, avoid having the property foreclosed on and they also have a relocation incentive of $1500 available to the homeowner. The biggest kicker is that if you complete a VA compromise sale you have the ability to re-establish your VA eligibility and get another VA loan later on in life. There are certain things you need to do to make this happen however it is completely possible. My understanding is that after a foreclosure on a VA loan it is nearly impossible for you to ever regain your VA eligibility and get another VA-backed loan. What I want to impress upon you is that if you have a VA loan and you’re running into problems with paying your mortgage one of the worst things you can do is let it go to foreclosure or do nothing.

The best thing to do if you can’t keep up with the payments and not keep the property, pick up the phone and give us a call or fill out the short sale request form on our website. We are very experienced in these types of loans so don’t jeopardize your VA eligibility and contact us to complete a short sale on your VA-backed home today.

Does Your Realtor Know Wells Fargo’s Short Sale Process?

February 4, 2014

The reason I wanted to talk to you today was because if you have a Wells Fargo mortgage or an ASC Loan Servicing mortgage, really they are one in the same company, I would like to tell you that Wells Fargo is a company that we’ve assisted numerous times. We have helped an abundance of homeowners successfully complete short sales; we are incredibly familiar with their systems and processes, so much that they have provided us with all of the forms that are necessary to complete a short sale with them. If you have a Wells Fargo or ASC mortgage and you are considering doing a short sale, please contact us. The reason being that if you hire a real estate agent that has never worked with Wells Fargo before or isn’t that comfortable or familiar with their short sale process, the success rate of your short sale can go way down. I can tell you one thing, Wells Fargo is a great company to work with on short sales provided you know how they do business. They are not going to change the way they do business just for one particular short sale so they expect real estate agents to know how to follow their processes. We know how to work with them and give you the results you want.

Please pick up the phone and give us a call or fill out the short sale request form on our website and we will be in touch with you soon. If you have any additional questions regarding completing a short sale with them, or any other lender, please don’t hesitate to browse our website further or contact us with any questions. We have years of experience with all lenders and loan types and we are here to put our education and experience to work for you.

Do You Have Questions About The Save Your Home Arizona Program?

January 28, 2014

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Right now I would like to go over the Save Your Home Arizona program through the Arizona Department of Housing. It is a really interesting program and they allow up to $15,000 to either assist with making mortgage payments, assist you with completing a short sale, providing money to pay off subordinate liens as part of a short sale; there are all kinds of neat little things that make up this program. We actually don’t have enough time in a short video such as this to go over all of the things that the program can actually do for people but if you are interested in what the Arizona Department of Housing can do and you also want to complete a short sale, please know that we work hand in hand with them all the time to assist our clients in completing short sales. Before you go through some lengthy application process or try to accomplish this all on your own, know that if you come to us for help we can actually walk you and guide you through all of that. You don’t need to try and determine if you qualify for the program or try and get it all done on your own; we have a lot of experience with it and want you to utilize the knowledge and information that we have to share with you.

if you’re considering a short sale or you’ve been looking at the Save Your Home Arizona program through the Arizona Department of Housing remember that we are here to help you and provide you with assistance. You can either pick up the phone and give us a call or fill out the request form on our website and we’ll be in touch with you soon. It really can be a beneficial program so get in touch with us today.

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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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