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Tucson Real Estate Agents Want You To Know About The Many Incentive And Tax Relief Programs For Short Sales

September 23, 2013

Are you about to complete a short sale with your Tucson real estate agent and are wondering if there are any incentive or tax relief programs available to you? Well, you’re in luck because Tucson real estate agents say that right now is one of the best times to complete a short sale simply because of the number of incentive programs available to sellers.

One Tucson real estate agent says that many lenders, especially the bigger ones such as Chase, Wells Fargo and Bank of America, are offering cash at closing to their homeowners that complete a short sale. In fact, Tucson real estate agents are reporting that their homeowners are receiving up to $30,000 in cash depending on the selling price of their home. Along with lenders offering incentives there are also some investors, such as FHA and VA that are offering money to their customers. Another government incentive program available is HAFA which also provides a certain amount of money at closing. Tucson real estate agents also want you to know that it is entirely possible to collect incentives from multiple parties at the closing of your short sale.

Not only are there cash incentives there’s also a tax relief program available to many homeowners that complete their short sales before the end of the year. The Mortgage Forgiveness Debt Relief Act allows homeowners that complete a short sale on their primary residence to be exempt from paying taxes on the forgiven amount. This is another great money saving program that many short sale customers are taking advantage of.

TO make the most of your short sale experience and to earn money to help you get back on your feet Tucson real estate agents want you to know that now is the time to complete a short sale. Reach out to a Tucson real estate agent today to take advantage of these great incentive and tax relief programs.

Tucson Realtors Say Now Is the Time To Short Sale Thanks To Numerous Incentives

August 20, 2013

Has your Tucson realtor told you about the current incentives that are being offered to homeowners to complete a short sale on their home? If you’re in a difficult financial situation and want to be out of your home a short sale may be the best alternative for you and Tucson realtors say that now is the time to take advantage of the many incentives that are available.

With any short sale or foreclosure Tucson realtors say the homeowner is usually responsible for paying taxes on the forgiven amount, however currently the Mortgage Forgiveness Debt Relief Act is in place until the end of the year. This act makes a majority of homeowners exempt from paying taxes on their forgiven amount, saving them hundreds of dollars at tax time next year.

There are also many different cash incentives currently being offered. First, there are a few government sponsored programs such as HAFA, or if you have an FHA or VA loan they are offering cash at closing. Tucson realtors also say that some lenders, especially some of the bigger ones such as Chase, Wells Fargo, GMAC and Bank of America are also offering cash incentives at closing; not only this, but some homeowners are also being offered full debt forgiveness before they even begin their short sale process. If you qualify for a government sponsored short sale program as well as one through your lender, Tucson realtors explain that you could walk away with a nice amount of money in your pocket; this is very helpful when trying to start over financially.

To learn more about the many different cash and money saving incentives that are currently being offered to homeowners, reach out to a Tucson realtor for additional information. They can help you determine which programs you qualify for and if there are any extra steps you need to take in the qualification process.

Do You Want To Short Sale With SunTrust Bank?

July 22, 2013

Hi this is Shawn again with TucsonShortSale.com and I wanted to welcome you to today’s blog where we’re going to talk about SunTrust Bank. If you have a loan with SunTrust and are unfortunately one of those people that are underwater that are deciding what to do with their home, I want you to know that SunTrust Bank is a bank that I have worked with incredibly well in the past.

As of the date of this video, we have a 100% success rate in getting short sales completed with them. They are a pretty easy company to work with if you have an agent that knows the short sale process and knows how to work with them. We’ve worked on conventional loans with SunTrust, FHA and VA loans, and second mortgages and, as I previously mentioned, have a 100% success rate with them; we’re expecting this success to continue with them. I know you probably have other questions about completing a short sale with SunTrust Bank or with any other lender.

There are a number of other videos for you to take advantage of on this website as well as other resources but I also want to encourage you to pick up the phone and give us a call or fill out the form on our website that allows us to contact you. We’re here to answer any questions that you may have regarding your underwater or distressed mortgage and can help you determine what the best option is for your solution. We’ve also got short sale experience with a multitude of different lenders to ensure that we get your short sale completed successfully. Finally, I’d like to remind you about the Short or Stay Calculator on our website that can also help you determine whether a short sale is the right solution for your situation. Homeowners throughout the area have taken advantage of it to better their situation so I’d like to encourage you to do the same.

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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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