Tag: FHA

Do You Want To Short Sale With SunTrust Bank?

Hi this is Shawn again with TucsonShortSale.com and I wanted to welcome you to today’s blog where we’re going to talk about SunTrust Bank. If you have a loan with SunTrust and are unfortunately one of those people that are underwater that are deciding what to do with their home, I want you to know that SunTrust Bank is a bank that I have worked with incredibly well in the past.

As of the date of this video, we have a 100% success rate in getting short sales completed with them. They are a pretty easy company to work with if you have an agent that knows the short sale process and knows how to work with them. We’ve worked on conventional loans with SunTrust, FHA and VA loans, and second mortgages and, as I previously mentioned, have a 100% success rate with them; we’re expecting this success to continue with them. I know you probably have other questions about completing a short sale with SunTrust Bank or with any other lender.

There are a number of other videos for you to take advantage of on this website as well as other resources but I also want to encourage you to pick up the phone and give us a call or fill out the form on our website that allows us to contact you. We’re here to answer any questions that you may have regarding your underwater or distressed mortgage and can help you determine what the best option is for your solution. We’ve also got short sale experience with a multitude of different lenders to ensure that we get your short sale completed successfully. Finally, I’d like to remind you about the Short or Stay Calculator on our website that can also help you determine whether a short sale is the right solution for your situation. Homeowners throughout the area have taken advantage of it to better their situation so I’d like to encourage you to do the same.

Your FHA Or VA Mortgage May Pay You To A Complete Short Sale

Hello everyone Shawn Polston here with Tucson Short Sale Negotiator and 502 Short Sales, thank you for taking a minute to check out my blog today. My team and I specialize in short sales within the Tucson area and I blog frequently to provide valuable information to distressed property owners. If you are searching for even more short sale information or have questions about your mortgage situation please visit my website or contact me today to get started.

For our blog topic today I wanted to discuss working on a short sale file for an FHA or VA mortgage. The FHA and the VA are mortgage insurers and do not actually own your mortgage. In fact, a small portion of your mortgage payment every month goes to cover this insurance provided by the FHA or the VA. If you are considering a short sale and have an FHA or VA backed mortgage it is their decision on what the terms of the short sale will be. Because both of these entities are run by the government they have to follow some stringent guidelines in order for a short sale to be considered. In fact, the FHA and VA don’t even call it a short sale but instead a compromise sale. The process with either one is rather straight forward and I have a lot of experience working with both of them. Once the FHA or VA approves your short sale, regardless of what the lender has to say, it is guaranteed and can go to closing. They may even pay you to complete your short sale through their relocation allowance program. If you have an FHA or VA mortgage and are considering a short sale please contact me today. I have the experience and knowledge to get your short sale approved. Thank you for your time today and I look forward to hearing from you soon.

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.