Tag: Shawn Polston

Don’t Believe What You Hear, Bank of America Short Sale Can Be Quick & Easy

Hello thanks for tuning in this is Shawn Polston, owner of Tucson Short Sale Negotiator with Keller Williams Realty. I would like to talk to you today about working with Bank of America on your short sale. Many of the home owners in the Tucson area we have talked with have mentioned how difficult and frustrating it can be to work with Bank of America on their short sale. I’m sure some people have had the occasional bad experience, but I personally have found it rather easy to get a short sale approved with Bank of America. We currently have over 15 files in the works with Bank of America and I am confident they will all get approved. One of the great options that Bank of America offers is the ability to work multiple mortgages for the same short sale client with the same negotiator. Instead of going through the hassle of separate short sales, Bank of America will process both mortgages in the same file and send out only one approval letter for both. My team and I also love using their Equator systems tool to help make the short sale process quicker and easier for both the client and the agent. Well I am sure you have other questions and hopefully you can many of the answers on my website. I would love for you to download a copy of the Short Sale Seller Advisory using the link at the top of this page. Please feel free to give me a call or drop me an e-mail if you are in the Tucson area to see how I can help you. Thank you for tuning in to your Tucson short sale specialist, Shawn Polston 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.