Hello everyone Shawn Polston here with Tucson Short Sale Negotiator and 502 Short Sales thank you for your time today. I work with Keller Williams Realty in the Tucson area and use my blog to share valuable content with distressed property owners on their options for avoiding foreclosure. If you are behind on your mortgage or already considering a short sale please take a minute to browse my website or give me a call to learn more about your options.
For my blog today I wanted to talk about completing a short sale through the FHA and what to expect while working with their staff. Because I am working with different lenders and investors every day I always try and keep homeowners informed on my experiences and how long your short sale could take. Currently the FHA is overwhelmed with short sale requests and has not been afraid to be upfront with agents about that. Because the FHA is an investor on mortgages with numerous different Tucson banks this is no surprise. I like to share this information that way homeowners have the proper expectation of how long a short sale will take to complete. From the time the FHA receives your short sale packet it is taking them one to two months to review and approve your packet. Once your packet is reviewed and approved it may take an additional six to eight weeks for the FHA to approve the offer on your Tucson home. This is nothing out of the ordinary and our team works to make this process as short as possible but it’s best to have a realistic outlook.
If you have any real estate questions surrounding your distressed Tucson home please give me a call today to arrange a free consultation. I hope your having a great day and I can help you with all of your real estate needs.