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Never Underestimate The Importance Of Getting Deficiencies Waived

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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.

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