Category: Tucson Short Sale Help

How does a Short Sale Broker get Paid for Helping Me get rid of my home?

Hello, This is Shawn Polston of Tuscon Short Sale here to answer another frequently asked question of people in the short sale business. And that question is, "Shawn, How do you get paid for doing a short sale?" Well first it is important to know that your first meeting and consultation is entirely free and gives you a chance to ask any short sale questions you have. It is always important to feel comfortable and confidient that you understand the process before starting a short sale and that is what I am here for. A short sale follows the same process as buying and selling any other home, so a short sale agent gets paid just like a normal real estate agent. Your lender understands the best way to get the most for your house is by finding the real estate agent who can sell it at the best price in the shortest amount of time. Because of this the lender will pay fee’s on the sale of the house regardless of whether it is a short sale or normal foreclosure. The difference is that in a short sale the money made by your short sale agent is paid by the lender and nothing will come out of your pocket. I hope this answers some questions on the subject and if you have any more feel free to call or go online and I’ll be happy to help. I look forward to speaking with you and hearing the details of your situation. Once you contact me we can decided if a short sale is right for you. Thanks for tuning in and have a great day.

Cash Back Programs for Short Sales

Short Sale Shawn talks about cash back programs. In today’s short sale world a number of options exist for the owner to obtain cash back at closing, also called relocation assistance, provided the owner qualifies for the current programs. If you have questions about the Making Home Affordable program also known a HAFA, the FHA Preforclosure Sale Program also known a the PFS program, HAP for active military, HAMP, or any other short sale program we can help.

Can The Lender Sue Me After A Short Sale?

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.

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.