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Tag: tucson short sale

Never Underestimate The Importance Of Getting Deficiencies Waived

January 14, 2013

Hello everyone Shawn Polston here with Tucson short sales and 502 short sales thank you for checking out my blog today. I work with Keller Williams Realty in the Tucson area and use this blog to share valuable information on all of your options for avoiding foreclosure. If your mortgage is underwater and you are ready to sell please take a minute to browse my website or call me directly to chat with an expert today.

For my blog today I wanted to talk with Tucson area homeowners about the importance of getting all deficiencies waived during the short sale process. There is often some confusion between a deficiency judgment and short sale taxes but it is very important to understand the difference. Simply put a deficiency judgment will determine whether or not you will owe any money on your mortgage once a short sale has been completed. As short sales become more common I can tell you that getting all deficiencies waived on your Tucson mortgage is highly likely. While your lender may ask for money from the borrower at closing if your short sale agent has experience this should be easily negotiated. Tucson homeowners also have the ability to turn down any short sale agreement that asks for cash at closing and does not waive all deficiencies.

If you have questions on the short sale process or your distressed property please fill out a contact form on my website or call me today. On my website you can also find my 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 look forward to helping you in the future with all of your Tucson real estate needs.

Is There Life After a Loan Modification Gets Denied?

November 6, 2012

Hi there, I’m Shawn Polston with Keller Williams Realty, one of Tucson’s leading Short Sale teams. It’s interesting because you guys teach me a lot of things sometimes. There was one thing that I ran into the other day that I just scratched my head on. I had never thought about it but it actually kind of made sense. I was out in the neighborhood visiting houses to see how I could help people. I ran into someone that told me they couldn’t do a short sale and their house had to go to foreclosure because they were denied a loan modification. I can guarantee you their lender didn’t tell them that.

They are under the impression because the loan modification wouldn’t work that it meant they didn’t have any other options or consider a short sale. I was able to help this person and we made a phone call to the bank and were able to get this thing turned around. What dawned on me is that I needed to get this out there. If you have been through the loan modification process and you did not get a loan modification, that does not mean that you can’t do a short sale. Actually in most cases, that means you are completely qualified to do a short sale and your lender would rather you do a short sale especially if the alternative is them foreclosing on you. Your lender should probably tell you that. If you know anyone and they have been denied a loan modification, and they say they can’t do a short sale, please tell them to give us a call.

If a loan modification was denied because you have too much money, maybe that would be the case, but unfortunately in most of these cases that’s not why the loan modification was denied. The loan modification was denied because of the opposite because there is just not enough income and there is something else going on where the loan mod is just not going to make sense to the borrower or the lender and the lender is just not willing to do it. That does not mean you can’t do a short sale. We can help you figure that out in a short appointment in my office. Again, I’m Shawn Polston with TucsonShortSale.com and we are one of Tucson’s leading short sale teams and we are here to help. We can help answer any questions you may have and help you decide if you would like to move forward and have a short sale done on your home. Please pick up the phone or fill out my short sale request form and I hope you are having a great day.

What is it Like to Work with TIB to Complete your Short Sale?

October 9, 2012

Hello everyone, I am Shawn Polston with TucsonShortSales.com. Welcome to our web site. We are one of Tucson’s leading short sale teams. Today I wanted to talk to you about TIB and share some information about working with them. TIB is the Independent Banker’s bank and we run into them about once or twice a month. We seem to frequently have a client that has a TIB loan and is considering doing a short sale on their property.

TIB is actually pretty good to work with. We have had a lot of success with them in the past. They are pretty responsive to work with and they seem to pick up the phone most of the time when we try and contact them. So if you have a TIB loan and you are considering completing a short sale, please contact us today. You can pick up the phone and give us a call today, or you can also fill out our short sale request form on our website. Then we would be happy to meet with you so we can go over all of the proper expectations you should have in relation to completing a TIB short sale.

Again I am Shawn Polston with TucsonShortSale.com, one of Tucson’s leading short sale teams and we are here to help answer any questions you may have about short sales in general or the entire short sale process. We are looking forward to working with you and helping you decide if a short sale is the right decision for you and your situation. Thanks a lot for your time and I hope you are having a great day.

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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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