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Tag: short sale questions

Common Short Sale Questions Show How Easy It Can Be

January 22, 2013

Hello everyone Shawn Polston here with Tucson Keller Williams Realty and 520 Short Sales thank you for your time today. I am working with distressed property owners in the Tucson area every day and use this blog to keep residents informed on all of their options for avoiding foreclosure. If you are struggling to make your mortgage payments every month or simply need to sell your home fast please take a minute to browse my website or call me directly to learn about the options for selling your Tucson property.

In my blog today I wanted to talk with Tucson homeowners about some common short sale questions that can expand their knowledge of the subject. The most common questions I get about completing a short sale involve the tax or deficiency possibilities a homeowner will face. Many Tucson homeowners will also want to know roughly how long it will take from start to finish for their file to be completed. From time to time we will get questions that are better suited for a tax professional or an attorney. Thankfully at our office we have partnered with the top real estate attorney in the Tucson area and also have a CPA on staff to answer any of these questions. Most importantly we can answer all of these questions for free that way you are completely comfortable with a short sale before you start.

If you are ready to start your short sale file today or would just like to chat with an experienced agent go ahead and fill out a contact form on my website or call me directly. On my website you can also find our Short Or Stay Calculator that can help you determine if a short sale is right for you. Thank you for your time today and I hope to hear from you soon at Keller Williams Realty in Tucson.

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.

We Can Answer All Of Your Short Sale Questions

March 29, 2012

Hi this is Shawn Polston with TucsonShortSale.com and Keller William’s Realty in Tucson. I just wanted to get the word out there that we have answers for all of your short sale questions. We can answer questions regarding how the short sale process works with your lender to how the entire short sale process works overall; we can sit down with you, explain everything to you and answer all of your questions.

Many people wonder why homeowners would do a short sale versus walking away from their home or why they would do a short sale versus a deed in lieu of foreclosure.

We have answers to your questions about loan modifications. If a loan modification may or may not be right for you we can help you look at the situation and assess what the outcome may be if you should pursue one. We have all kinds of information and articles about how deficiency with short sales work and whether or not the lender can pursue you. If they can’t, we can tell you how the tax ramifications will work.

Many things regarding the short sale process might need consultation or advising from either an attorney or a certified public accountant, but one of the things we can do is give you the information that is out there. We can also educate you about the different programs that are out there to help underwater homeowners.

If you are considering a short sale, a deed in lieu of foreclosure or a loan modification and you have any questions at all, please either give us a call or fill out the form on our website. Please feel free to check out our website further and watch any of our videos to further explain short sales. Thank you for visiting our website; we look forward to hearing from you and helping you get started on the road to successfully short selling your home.

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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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