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Tag: short sale help

Short Sale Hardship Letter

May 2, 2013

p>Hi everybody, I’m Shawn Polston with Keller Williams Southern Arizona and TucsonShortSaleNegotiator.com. I wanted to talk to you about one of the most common questions I get and that is from homeowners wondering how to write the hardship letter. One of the things the lender asks for is whether it’s a short sale, a loan modification or a deed in lieu. Whatever assistance you are going to them for and one of the things they always ask for is a hardship letter. One of the things that I always like to stress is to keep the hardship letter as direct and to the point as possible. If your situation is that you lost your job, just talk about that. Let them know that you have just lost your job and you are unable to make payments and tell them you appreciate their help with a short sale or whatever assistance you are seeking from them. It could be that you have to relocate for an employment opportunity out of state. Just keep it that simple that that is what your hardship is. There is a common myth out there that these hardship letters need to be these long, drawn out explanations of things but what we have actually found is that when the hardship letters get to be two and three pages long, it actually seems to slow things down. I think what happens is that the people that have to read that hardship letter are really just looking for what is causing the hardship. When they have to read through two or three pages to find out it’s a job transfer it seems that they put the files with the really long hardship files to the side until they have time to read them. We always tell people to make it as brief and to the point as possible. If you need any help with this and you are considering doing a short sale but need help writing your hardship letter, give us a call. We would love to help you out.

Unique Green Tree Short Sales Call For Experienced, Knowledgable Agent

April 25, 2013

Hello everyone Shawn Polston here with TucsonShortSales.com and 520 Short Sales thank you for your time today. I work with Keller Williams Realty in the Tucson area and use my blog to keep homeowners informed on their options for avoiding foreclosure. If you are currently behind on your mortgage or just need to sell your home fast please visit my website or call me today to learn about your options.

For my blog today I wanted to discuss working with Green Tree on a short sale file and some of my recent experiences. Green Tree can be a very interesting company to work with and I have been working with them for several years now. On average I am working on five to ten Green Tree short sale files a week and not many days go by without checking in with their staff. Green Tree is known for having a rather unique short sale process and in turn an agent with experience may be the deciding factor in your short sale approval. A short sale agent with Green Tree experience like myself will know how to construct your file in order to get a fast response after we receive an offer. Having worked with Green Tree in the past I have also had the chance to build relationships with the decision-makers within their staff when a file is not getting processed. If you find yourself in a situation where you need to short sale time is likely not on your side. An experienced agent can make sure that your time is not wasted and your file is quickly submitted and not lost on someone’s desk. If you have questions about your Green Tree mortgage please call me today to chat with an expert about your options.

I do not charge any fees for my services so please do not hesitate to contact me with any kind of question about the short sale process. On my website you can find our Short Or Stay Calculator that will show you when your home will be worth what you currently owe. Thanks for your time today and I look forward to helping you with your Tucson Real Estate needs.

Short Sale Guidelines Are Dependent Upon Many Different Factors

January 15, 2013

Hi there, Shawn Polston with Keller Williams and TucsonShortSaleNegotiator.com in Tucson. Today I wanted to talk to you about short sale guidelines; this is a subject that I know a lot of people search for online because there are a lot of definitions.

When someone asks me what short sale guidelines are, I first ask them what type of loan they have, who the investor is and who the lender is. All of the different entities have their own short sale guidelines. For me to give you all of these guidelines would take hours; one of the biggest things to know when talking to a short sale agent is if that agent is familiar with the bank that owns and services your loan as well as what type of loan you have. All of these different factors affect you as a homeowner. For example, with a VA short sale, they offer you $1500 in relocation assistance, however the short sale agent has to ask for it; you don’t automatically get it. On the opposite end, with an FHA short sale, they automatically give you relocation assistance.

There are all different types of short sale guidelines within the different programs where not being familiar with them can cause success or failure with your short sale, especially with FHA because they’re very stringent.

Bank of America also has their own guidelines; they have cooperative programs where they’ll give you money at the end of the short sale and cooperative programs with Fannie Mae. Is your short sale agent aware of these guidelines and do they know how to ask the lender if you qualify for them?

In most cases, we can figure out who your investor is and we’d love to sit down and talk with you, explain the different processes and what you can expect if these programs apply to you. It’s very important that you work with a short sale agent that is aware of the many different guidelines. One thing to watch out for is if you get the answer, "It’s no different than any other short sale." That essentially means they don’t know; I can tell you that there are big differences between all of these lenders, investors and loan types and working with the right short sale agent can mean success or failure for your short sale.

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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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