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Tag: tucson short sale specialist

Tucson Short Sale Specialist Discusses how to Buy a Short Sale

March 18, 2013

Hi there, I’m Shawn Polston with TucsonShortSale.com and Keller Williams Southern Arizona. I wanted to talk to you today about the flip side or the buyer’s side of a short sale. It’s not uncommon; we actually have buyers come to us because we have the knowledge of the listing side of a short sale. They are usually curious about how to buy a short sale. One of the biggest things about buying a short sale is the knowledge the listing agent has and there is also the knowledge the buyer’s agent has. If you have a buyer’s agent that doesn’t really understand these transactions at a decent level, the odds of you successfully purchasing a short sale go way down because they aren’t going to understand all the nuances that go along with these transactions. They are also not going to understand the timeframes. A typical short sale, if you’re lucky you are going to close in 60 days. Most likely it’s 90 to 120 days, and in some cases it’s actually more when the buyer’s agent gets updates from the listing agent.

One of the biggest things about buying a short sale is the house. Are you ready to commit to this house and stick it out? The other part of your buyer’s agent knowledge is when they receive updates from the listing agent which by the way should be once a week or less. With an agent like me, when I’m handling a buyer on a short sale and the listing agent is telling me something that doesn’t add up, especially when the lender gets involved, I’m quick at figuring that out and letting the buyer know about it and tell them maybe we need to look at another property. It’s very important to have someone exclusively representing you in the purchase of a home. One of our first steps with our buyer’s plans is we sit down and talk about the different transactions and time frames involved. If you are looking to buy a house and you are wondering how to buy a short sale, fill out our short sale request form and we’ll get back to you. I have a team of professionals on my staff and that’s all they do is helping buyers out and helping buyers find the right house. We can provide you the best level of service out there. Thanks and I hope you are having a great day.

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.

Why Is It So Important To Find A Trusted Short Sale Team?

July 26, 2012

Hello everyone Shawn Polston here with 520 Short Sale and Tucson Short Sale thank you for your time today. My team of short sale professionals are working every day with Tucson homeowners to find the best alternative to foreclosure for each unique situation. If you are having troubling paying your mortgage each month or have seen the value of your home continue to drop take a minute to browse my website or call me directly to learn about all of your real estate options.

For my blog today I wanted to talk with you about the importance of finding a short sale agent who has the experience to get you a fast approval. The short sale process is still rather new to the real estate market and in turn not all agents have the knowledge and experience to answer your questions and provide you with the best advice. If you hire a single agent to handle your short sale it is important to know that they will guide you from start to finish. I say this because many Tucson homeowners have told me stories about their short sale agent handing off their file to a third party or real estate attorney and this can be frustrating. My team of short sale agents are all located in this office and if hired you will have contact with our entire team. A short sale requires plenty of private paperwork, including pay stubs and tax returns, and you need to be able to trust your agent with your financial records.

If you have questions on your distressed property please contact me today to learn how we can help you make the best decision available. Thank you for your time today and I hope to hear from you soon at Tucson Short Sales.

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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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