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Tag: Tucson

After I Complete A Short Sale How Long Do I Have To Wait To Buy Another Home?

August 25, 2011

Hello this is Shawn Polston with Tucson Short Sale Negotiator, thank you for checking out my blog today. Having worked on short sales in Tucson for a while now one of the biggest concerns a homeowner will have is when can they buy a home again after completing a short sale or foreclosure. For today’s blog I will be including some great information from a conversation I had with Tom Heath on this subject. Tom is an expert in the mortgage industry and has twelve years of experience working with homeowners to educate them on how the lending process works and how a persons specific financial situation will affect their mortgage. In talking with Tom one thing he stressed above all others is that there are general guidelines but every person has a unique situation which garners a unique result. According to Tom someone who completes a short sale will have to wait roughly three years before being able to qualify for a mortgage again. In the case of a foreclosure it can take up to seven years. Tom also pointed out that a big determining factor is how many mortgage payments were missed during the short sale. In a short sale the biggest damage to your credit is how many mortgage payments are missed not the actual short sale of the property. In fact, Tom even shared a story about a client who was able to get a mortgage only months after finishing a short sale. According to Tom if your credit is in good standing after a short sale it falls on the bank to determine if a customer is too risky or not. I’m sure many of you have questions in regards to your specific situation and I would be happy to answer them. Please visit my website or contact me today to set up a free consultation. If you have questions specifically for Tom Heath I would be more than happy to get you in contact with him as soon as possible. Thank you for tuning in to Tucson Short Sale Negotiator and have a wonderful day.

What You Will Need To Know To Get Started On A Short Sale Today

June 23, 2011

Hi there I am Shawn Polston with Tucson Short Sale Negotiator and Keller Williams Tucson. Today I wanted to talk about getting started on a short sale and what you need to know about the first few steps. Hopefully you have watched some of my video blogs to help answer some of your general questions about short sales and feel confident that this is the right choice for you. One of the first things you will need is a run down of all the documents your bank will request in order to initiate a Tucson short sale. Included in these documents you will need two years of tax returns, two months of bank statements, and pay stubs for your last month of work. The most important document will be a letter of hardship. This letter of hardship will briefly describe your situation and why the bank should consider allowing you to short sale your home. If you are unsure about what to write we can certainly provide some assistance but it is important to remember this letter is just to provide the facts to your bank. I recall the first short sale I ever closed the gentleman simply wrote,"My hours have been cut at work, I am not making as much money, please consider me for a short sale." By having this paperwork all set up it will take a lot of the guessing out of the short sale process for you the homeowner. If you would like to get started or have specific questions please give me a call or send me an e-mail. I look forward to hearing from you.

Don’t Believe What You Hear, Bank of America Short Sale Can Be Quick & Easy

May 23, 2011

Hello thanks for tuning in this is Shawn Polston, owner of Tucson Short Sale Negotiator with Keller Williams Realty. I would like to talk to you today about working with Bank of America on your short sale. Many of the home owners in the Tucson area we have talked with have mentioned how difficult and frustrating it can be to work with Bank of America on their short sale. I’m sure some people have had the occasional bad experience, but I personally have found it rather easy to get a short sale approved with Bank of America. We currently have over 15 files in the works with Bank of America and I am confident they will all get approved. One of the great options that Bank of America offers is the ability to work multiple mortgages for the same short sale client with the same negotiator. Instead of going through the hassle of separate short sales, Bank of America will process both mortgages in the same file and send out only one approval letter for both. My team and I also love using their Equator systems tool to help make the short sale process quicker and easier for both the client and the agent. Well I am sure you have other questions and hopefully you can many of the answers on my website. I would love for you to download a copy of the Short Sale Seller Advisory using the link at the top of this page. Please feel free to give me a call or drop me an e-mail if you are in the Tucson area to see how I can help you. Thank you for tuning in to your Tucson short sale specialist, Shawn Polston and have 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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