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Do You Want To Do A Short Sale With Multiple Mortgages? We Can Help You!

March 19, 2012

Shawn Polston here with TucsonShortSale.com at Keller William’s Realty in Tucson. We’re Tucson’s top short sale team. Today I wanted to talk to you about short sales with two loans.

First of all I wanted to let you know that we are more than happy to take these files on. It’s not uncommon that I have a client that has two mortgages on their property. They may have talked to some other real estate agent that has told them they don’t handle those or they gave them the impression that the lender doesn’t allow short sales with more than one mortgage.

We get short sales with multiple mortgages done all the time. Whether the situation entails both mortgages with the same lender or the two mortgages are held by different lenders, we can get these completed for you.

We’ve also dealt with situations where there have been three mortgages on a property and were also successful with that situation. We have experience in dealing with many different types of situations: two mortgages and an HOA lien, two mortgages and a judgment or two mortgages and an IRS tax lien. We are very familiar with how to work out all of these options, who the parties are that we need to speak to in order to get these things resolved and how things work together.

I would love the opportunity to sit down and discuss your situation with you and really explain the options and expectations of going through the short sale process with multiple loans. I’m sure you have more questions, so please feel free to check out the other videos on my website, call me, email me or fill out the Short Sale Request form at the top of my webpage. I look forward to speaking with you about your financial situation and helping you determine if doing a short sale is in your best interest financially.

Is it Ever a Good Idea to Walk Away From Your Mortgage or Are There Other Options?

March 15, 2012

Hi there, I’m Shawn Polston with TucsonShortSales.com, one of Tucson’s top short sale teams. I wanted to talk to you today about walking away from your mortgage. It’s not uncommon that I run into clients that are under the impression that there is a decision that has to be made between completing a short sale or walking away from your mortgage. There is actually this perception out there that if you attempt a short sale, that you can’t walk away from a mortgage, and nothing could be further from the truth. In most cases your lender even when we go to your lender with a short sale, foreclosure is off in the distance. This is true if for any reason those payments not being made, which when someone is walking away from a mortgage they are most likely not making payments.

The lender is going to be running that process at the same time the short sale process is going. So, if you’re walking away, the idea that you’re attempting a short sale will somehow stop that process of walking away or cause you not to have that option, it’s just simply not the case.

It is incredibly rare that I run into a situation where somebody has decided to walk away, they come to me, and it’s very rare that they souldn’t atleast attempt a short sale. It’s better for the credit, you avoid having a foreclosure on your credit report and ultimately what I’ve run into is there’s a perception that the lender is going to force them to do something that walking away that they can avoid. This is simply not the case. If your lender comes back and doesn’t approve your short sale and make some request of you that is just something you’re not willing to do, we just tell them no. In most cases the lender will back off. In a lot of cases the lender doesn’t make requests. So it’s not even a conversation we need to have with them.

I just wanted to get it out there that it would be a very rare situation where there is anything hurt by attempting the short sale when you’re in that situation. I know you have other questions and within my website I have several other videos that might help you.

One of the best things I can do for you if you’re in this situation is meet with you and discuss your situation. Then you can decide from there if it’s something you want to persue. We pass no judgement, if someone decides they want to walk away from their home, we’ll respect that and understand that. Again, I’m Shawn Polston with TucsonShortSales.com, one of Tucson’s premiere short sale teams. If you decide to go with a short sale, we are the best in the business and we’re here to help you. I appreciate your time, thanks a lot.

By Understanding The Wells Fargo Short Sale Process We Can Help Ensure Success On Your File

March 13, 2012

Hello everyone Shawn Polston here with Tucson Short Sale and 502 Short Sales, your Tucson area short sale specialist, thank you for checking out my blog today. I work with Keller Williams Realty in the Tucson area and use my blog to provide up to date information on the short sale process. If you are behind on your mortgage or have seen the value of your home drop dramatically please visit my website or contact me today to learn more about your real estate options.

For my blog topic today I wanted to discuss working with Wells Fargo on a short sale in Tucson and some of my recent experiences. Wells Fargo has a very big presence in both Tucson and in the short sale world so naturally it is normal to hear both good and bad things about working with their team. Because Wells Fargo handles so many short sales across the country they have in place very specific guidelines that must be followed in order to get a short sale approved. By no means are the hard to work with but it’s important that you are on the same page with how their short sale team operates. I have had great results with Wells Fargo and I know they have helped numerous Tucson homeowners get out from under their distressed property.

Thanks to my years of experience working with Wells Fargo on short sale files I have built some great relationships with members of their staff. So if you have a mortgage with Wells Fargo please contact me today in order to discuss your options for avoiding foreclosure. If your home is underwater in the Tucson area I am the right agent with all the answers for you. Thank you for your time today and I look forward to hearing from you soon at Tucson’s leading short sale specialist.

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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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