Bank of America Speeds up Short Sales

Hi, I’m Shawn Polston with Keller Williams Realty, your Tucson short sale specialists. You can find us at TucsonShortSaleNegotiator.com and 520ShortSale.com. I wanted to talk to you today about Bank of America. My friends at Bank of America have just put some new systems in place that are supposed to speed up the short sale process. Their predictions now are that they are going to be able to turn around certain short sale files in about 3 weeks from getting an offer to getting an approval. This is huge news because one of the things about short sales is they have kind of gotten this stigma of taking a really long time to get done.

I wanted to get this out there because, number one, kudos to Bank of America for stepping up to the plate and getting this moving. If you have a Bank of America loan and you are considering a short sale or foreclosure, I’d love for you to pick up the phone and give us a call. You can also fill out our short sale request form. We’d like to talk to you about it and talk to you about how the process works with Bank of America. We are incredibly familiar with working with them and have built great relationships with them.

I know you may have other questions and you can take a look at my other videos on our website. Feel free to look at them and see if you can find any other answers to any questions you may have.

Again, I’m Shawn Polston with Keller Williams Realty, your Tucson short sale specialists and we’re here to help. I’m just a phone call away. Thanks and I hope you are having a great day.

Does A Deed In Lieu Of Foreclosure Really Help You In The Long Run

Hello everyone Shawn Polston here with Tucson Short Sale Negotiator, your top short sale team in the Tucson area, thanks for checking out my blog. I work with Keller Williams Realty in the Tucson area and my team and I are here to help distressed property owners avoid foreclosure on a daily basis. If you have questions on your underwater mortgage, or if you are already considering a short sale, please take a minute to browse my website or call me directly to discuss all of your Tucson real estate options.

Today I wanted to go over the option of a deed in lieu of foreclosure for Tucson homeowners who can no longer afford their mortgage or have stopped making payments. Lately I have had a lot of homeowners ask me whether this is a smart option to consider for getting rid of their underwater mortgage. A deed in lieu of foreclosure simply means you sit down with your lender and sign over your property to the bank. It is essentially a voluntary foreclosure and in most cases your lender may not be in favor of a deed in lieu. A homeowner has to qualify for a deed in lieu and it is possible that it may not help in the long run. Usually a deed in lieu will look the same on your credit as a normal foreclosure which is one of the reasons why I do not suggest them. In the case of a short sale, it will show up as a settlement of debt on your credit report and may inflict much less damage to your credit score.

If you are behind on your mortgage and unsure of your options give me a call today to figure out what is right for you. Stop by my website or call me today to arrange a free consultation to get you out from under your distressed property. Thanks for tuning in and I hope you have a great day.

Is Greentree Mortgage a Difficult Group to Work with when Trying to Complete a Short Sale?

Hi there, I’m Shawn Polston with TucsonShortSale.com, one of Tucson’s leading short sale teams. I wanted to talk to you today about Greentree Mortgage Servicing and short sales. If you look around out there on the internet, Greentree is someone that it’s not very difficult to find a lot of negative things about them in relation to short sales and how short sales work.

My team and I do an incredible job of working with Greentree and getting things accomplished with them. One of the big things we have seen is we have seen a tremendous number of Bank of America loans that have just recently been transferred to Greentree Mortgage. So at any given time we are working on 30 to 50 files with Bank of America and we’ve seen about 15 in just the last two months that have been transferred to Greentree through the process.

We are incredibly familiar with Greentree. We are incredibly familiar with how they do business and the main thing is for you is if you have a Greentree mortgage and you’re considering doing a short sale, the main thing to remember is we get results with Greentree. So I know you have other questions and I encourage you to look around at all the other videos on my website. If you have any questions, please feel free to pick up the phone and give me a call today. You can also click on the contact button on our website or you can fill out the short sale request form on our website as well. Again, I’m Shawn Polston, one of Tucson’s leading short sale teams and I’m here to help. Call me today and I’ll be in touch with you soon. I hope you’re having a great day.

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.