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Tag: short sale negotiator

Cash Back Programs for Short Sales

November 22, 2010

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.

How Long Does It Take To Complete A Short Sale?

October 30, 2010

This is a good question. After you and I decide that we want to work together, I need you to gather some information for your short sale package. Depending on how readily available your documents are, it is really only about an hour of work. Generally speaking, most homeowners can get this together in about 48 hours. From that point it will take a few days to get your home listed in the MLS. We typically get offers on your short sale in 30 to 60 days. When we get an offer, we negotiate with your lender. This negotiation with your lender typically takes between 45 and 60 days. When we have an agreement from your lender we can close the sale in about 30 days. So, in most case, we are looking at a four to six month process from the time that we start working together.

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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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