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Your FHA Or VA Mortgage May Pay You To A Complete Short Sale

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Hello everyone Shawn Polston here with Tucson Short Sale Negotiator and 502 Short Sales, thank you for taking a minute to check out my blog today. My team and I specialize in short sales within the Tucson area and I blog frequently to provide valuable information to distressed property owners. If you are searching for even more short sale information or have questions about your mortgage situation please visit my website or contact me today to get started.

For our blog topic today I wanted to discuss working on a short sale file for an FHA or VA mortgage. The FHA and the VA are mortgage insurers and do not actually own your mortgage. In fact, a small portion of your mortgage payment every month goes to cover this insurance provided by the FHA or the VA. If you are considering a short sale and have an FHA or VA backed mortgage it is their decision on what the terms of the short sale will be. Because both of these entities are run by the government they have to follow some stringent guidelines in order for a short sale to be considered. In fact, the FHA and VA don’t even call it a short sale but instead a compromise sale. The process with either one is rather straight forward and I have a lot of experience working with both of them. Once the FHA or VA approves your short sale, regardless of what the lender has to say, it is guaranteed and can go to closing. They may even pay you to complete your short sale through their relocation allowance program. If you have an FHA or VA mortgage and are considering a short sale please contact me today. I have the experience and knowledge to get your short sale approved. Thank you for your time today and I look forward to hearing from you soon.

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