Short Sale Shawn talks about cash back programs. In today’s short sale world a number of options exist for the owner to obtain cash back at closing, also called relocation assistance, provided the owner qualifies for the current programs. If you have questions about the Making Home Affordable program also known a HAFA, the FHA Preforclosure Sale Program also known a the PFS program, HAP for active military, HAMP, or any other short sale program we can help.
This is a great question. This is also a question is answered with lots of myths, confusion, and bad information. You need to speak with a qualified attorney on this matter. The state of Arizona has limited deficiency protection. Odds are very high that you qualify under the state’s deficiency statutes. However, you should speak with an attorney that specializes in contract law within the state of Arizona. You need a specialist in real estate contract law.
Usually this question comes up when we are speaking about home equity lines of credit. With most home equity lines of credit the lender’s ability to pursue you after a foreclosure or a short sale is exactly the same. However, you need to speak with a qualified attorney on this matter.
There are basically four groups of people that we help with short sales. However, it is important to note that if you don’t find yourself within one of these groups, please contact us and we can discuss your specific situation.
The first group of people are those that might have lost their job, have medical bills or other finacial hardships that has caused them to miss payments.
The second group we help are homeowners that are not currently behind on their mortgage, but feel that falling behind on their mortgage is inevitable. One of the biggest myths about short sales is that you need to wait until you are behind on your mortgage to start the short sale process. This isn’t true. You should contact me as soon as possible.
The next group is people that are not behind, but want or need to move. There are several possible reasons for this including job transfers, change in family size, and retirement.
The last group that we help is homeowners that are making a business decision. From a financial perspective, it doesn’t make sense for the homeowner to stay in their home.
We have successfully helped homeowners complete short sales from each of these categories and would love the opportunity to help you.
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.
