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Tag: tucson short sale

Do You Need Help With Your FHA Short Sale?

September 25, 2012

Thanks for coming to TucsonShortSales.com with Keller Williams Southern Arizona. I wanted to talk to you about FHA short sales today. I’ve got a number of blog posts and videos out there on FHA short sales because I’ve been doing them for a very long time. Most of the guidelines associated with FHA short sales are from 1992 so it’s nothing new.

One of the key things about FHA short sales is knowing and understanding those guidelines and that there’s a process of doing a variance. What you do is ask the servicer to request a variance from HUD because you think whatever isn’t within the guidelines is close enough. For the most part, HUD has been fairly cooperative. They’ve got a lot of problems and they would rather get rid of some of these homes before they become their problem. If the servicer reviews this and says that they’re not going to submit the variance, we call or email HUD. We communicate a lot with the person that handles the variances at HUD and they have been phenomenal to work with; they’re very responsive, into solving problems and want to provide solutions to their homeowners. If you have an FHA loan and want to do a short sale, it’s a big deal that the short sale agent you’re working with knows and understands FHA guidelines. Ask them questions such as what FHA expects for closing costs, what their expectations on a buyer’s offer should be or something to that effect. If they don’t know the answer to your questions, you’re working with the wrong agent. The answers to your questions aren’t a secret because the guidelines are out there for everyone to read. If you’re hiring someone to handle your short sale and save your credit, you need to ensure that they understand FHA loans or things could end badly.

If you have any questions about doing an FHA short sale in Tucson, please give me a call or fill out the form on my website. Thanks again for joining me today.

Things to Know and Be Prepared For When Completing a Short Sale with Chase

August 21, 2012

Hi there, I’m Shawn Polston with TucsonShortSale.com, one of Tucson’s leading short sale teams. I wanted to talk to you today about Chase short sales. Chase is doing a number of things on the short sale front. They have a proactive program where you may have received a letter from Chase about how they may give you some money and in some cases up to $30,000 to do a short sale. Those letters are real so hang on to that and give me a call if you got one of those letters from them. The other thing about Chase is you need to make sure who you’re hiring is familiar with Chase and how Chase operates. It can get a little frustrating dealing with Chase if you aren’t aware of how to work your way through their system.

The other interesting thing is that their processors, they don’t do email or voicemail. Whoever you are going to look to handle your Chase short sale, you need to ask your agent is what kind of administrative staff they have, and who is going to be handling your file. I just wanted to get this out there. My team has three full time staff back there and that’s what they are doing. We have dedicated phone lines just for the banks to call us on. We want to make sure that when these banks call us, we are able to talk to them. Again, I’m Shawn Polston with TucsonShortSale.com, your number one Tucson short sale team and we are here to help. Please contact us today so we can answer any questions you have about the short sale process.

What Do I Need to Do In Order To Qualify for a Short Sale on my Home?

July 19, 2012

Hi there, I am Shawn Polston with TucsonShortSaleNegotiator.com and 520ShortSale.com, your Tucson short sale specialist. I wanted to speak with you today about something that commonly comes up. One of the questions that I commonly get is people wondering how they qualify for a short sale. The reality of it is, most of the people I run into do qualify for a short sale. There are some very obvious ones, maybe a death in the family, divorce, job relocation, medical problems or any of those types of things going on. Or if you foresee or are having financial troubles or you know that the day is coming where your payments will stop coming in, your lender will look at that as imminent default if default is on the horizon.

If for any reason your payments are not coming in, there is a very high chance, I don’t want to say 100% because nothing is ever 100% where it involves financial institutions. The odds of them saying you’re a good short sale candidate if payments are not being made for any reason are very high. If you are in a situation where your payments are behind for any reason whatsoever contact me sooner rather than later so we can discuss your options and figure out what the best way for you to move forward is. Again, I’m Shawn Polston your Tucson short sale expert and I am here to help answer any questions you may have about the short sale process. I hope you are having a great day and I look forward to speaking with you soon.

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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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