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Category: Housing in Tucson

Does Your Realtor Have Current Experience With Bank of America Short Sales?

June 1, 2015

If you have a Bank of America mortgage and are considering a short sale, I wanted to talk to you today about the great progress they’ve made in their short sale process. If you search online for information about how Bank of America handles their short sale transactions you’ll find that you get a lot of mixed reviews. One thing that’s happened in recent years, however, is that Bank of America has hired third parties to handle some of their short sale transactions; these third parties have been very efficient in getting short sale transactions completed for Bank of America. They’re very interested in providing mortgage assistance to their customers and getting them out of their particular situation.

We have a very good working relationship with Bank of America when it comes to short sales; we’ve actually been completing short sales with them since 2006 and have been there to witness their short sale process transformation. We’ve seen their company evolve from being very tough to work with to actually being proactive when it comes to helping their customers. If you’re talking to someone and they’ve told you that Bank of America is very difficult to work with in a short sale situation, the odds are good that they haven’t dealt with a Bank of America short sale in some time because things have changed drastically.

I would love the opportunity to talk with you about your Bank of America short sale and let you know about the many positive changes they’ve made to their short sale process and how they are interested in helping their borrowers get out of a difficult situation. I’d like to encourage you to give me a call or fill out the information request form on the website and I’ll be in touch with you.

Does Your Real Estate Agent Have A Good Working Relationship With Bank Of America?

April 12, 2015

I am fortunate to have been in the real estate business long enough that I’ve seen Bank of America come through an incredible evolution in the way they handle short sale transactions. Completing a short sale with them used to not be so pleasant, but now it’s much better thanks to them streamlining their processes and improving their employee training. The entire process as a whole, from the communication to the turnaround time has drastically improved in the past few years. Through this time, and because I’ve been working with them for so long, we’ve actually developed some incredibly strong relationships at Bank of America. Also because of this, we have a large amount of resources available to us to help with this type of transaction; we have a really good working relationship with Bank of America along with several different points of contact to reach out to should issues arise with your transaction.

If you have a loan with Bank of America, whether it’s Freddie Mac, Fannie Mae, VA, FHA, and you’re finding yourself in a position where you can’t stay in your home please reach out to us. We can help you determine what the best solution for your situation is, whether it’s a short sale, deed-in-lieu or another alternative. We can educate you on the different processes so that you understand exactly what each one entails and how they benefit your situation. Don’t just sit back and do nothing because before you know it, the bank will be foreclosing on your home. Take action today and contact us to get help with your mortgage crisis. I’d also like to encourage you to browse our website further for additional information. On there you can find a number of different resources to answer your basic questions about short sales.

What Is A Short Sale? Why Do Homeowners Complete Them?

April 5, 2015

Real quick today I’d like to give you the Reader’s Digest version of what a short sale is and why people do them. A short sale is a way for you to avoid foreclosure and for your lender to lose less money when you’re in a situation where you’re unable to keep your home. There could be a variety of reasons behind this such as job loss, death of an income earner, job relocation, increased expenses and in some cases people make a business decision to not keep the home because it’s not worth what they owe. In all of these situations we’ve been able to help a lot of people; we’ve completed over 400 short sales in the past four years.

People complete short sales because there are many positives to doing a short sale versus walking away from a home. There is far less impact on your credit in most cases as well as your credit report doesn’t show that you completed a short sale. Foreclosures, on the other hand, go on your credit report as a foreclosure. From this perspective there are all kinds of upsides. Many people complete a short sale for their neighbors; instead of walking away from the home, letting it go to the dogs and taking your neighbors by surprise, when you do a short sale you can sell on your own terms. We’re going to have to sell it at close to market value and your bank understands that it’s only worth what it’s worth. If you can do this, you leave on your own terms and help your neighborhood preserve its property values. This really is just the tip of the iceberg.

If you’re considering a short sale or have heard about it and are unsure if it is for you I’d like to invite you to fill out our short sale request form or give us a call so we can discuss it more with you and explain just how it can improve your situation.

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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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