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Category: Short Sale Programs

Are You Having Problems With Your Current GMAC Short Sale?

August 28, 2012

Hello everyone my name is Shawn Polston with Tucson Short Sales and 520 Short Sales thank you for joining me today. I work with Keller Williams Realty in Tucson and use this blog to keep distressed property owners up to date on all of their options for avoiding foreclosure. If your Tucson mortgage is underwater and you are struggling to pay your mortgage each month please browse my website or call me today to learn more about all of your real estate options.

For my blog today I wanted to speak with Tucson homeowners who have a mortgage through GMAC about their opportunity to complete a short sale. GMAC can be a very unique lender to work with in regards to their short sale process but this is often a good thing for the homeowner. All it takes to start a short sale with GMAC is a listing agreement and a letter of authorization from the homeowner and this will save us a lot of time. If you are having trouble with your current GMAC short sale you should probably be aware that they are in the process of bankruptcy. While it sounds like they will be able to pull through this it is certainly going to effect their staffing and their focus on getting your short sale approved. For this reason it is important to get your short sale file started as soon as possible in order to avoid this problem in the future. The last thing we want to do is make the buyer on your property wait three or four months for a decision from your lender which is why we need to start your file today.

If you have questions about your GMAC mortgage or the short sale process please fill out a contact form on my website or call my office directly to get in touch and start the process of getting rid of your mortgage debt. I hope your having a great day and I look forward to hearing from you in the future.

Citibank Short Sale Specialist In Tucson

August 23, 2012

Hi everyone, this is Shawn Polston with TucsonShortSaleNegotiator.com at Keller Williams in Tucson. If you’re having trouble paying your mortgage or need to get out of your home, I’d like to encourage you to give me a call today to discuss your options. There are many alternatives to foreclosure out there and I’d be happy to share them with you.

Today’s topic is Citibank short sales. Citibank and short sales are an interesting combination. They might possibly be the only company that process short sales the way they do. You might be thinking, "What do I care? This is your problem, not mine!" But actually this does affect you because you’re the homeowner and are ultimately the one that wants out of your loan. One of the key things about Citibank is that they have three different short sale departments depending on what type of mortgage you have. This is a critical thing to know because if your short sale agent submits your short sale package to the wrong department, it could just sit there. Citibank’s short sale departments are very disconnected from each other and one of the important things to figure out before you even send your paperwork into Citibank is which short sale department it goes to.

It’s very important to ask your short sale agent which department it goes to to ensure that your file doesn’t get lost somewhere. I wanted to put this out there so if you have a Citibank mortgage and you’re having trouble making your payments, I do have a Citibank relationship manager that handles mortgages for them. We’d be happy to get you in touch with him to see if there’s any way we can solve your financial problems without having to lose your home to foreclosure. If you have any other questions about Citibank short sales, or short sales with any other lender, please give me a call. Thanks for coming to my video blog.

Things to Know and Be Prepared For When Completing a Short Sale with Chase

August 21, 2012

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 Chase short sales. Chase is doing a number of things on the short sale front. They have a proactive program where you may have received a letter from Chase about how they may give you some money and in some cases up to $30,000 to do a short sale. Those letters are real so hang on to that and give me a call if you got one of those letters from them. The other thing about Chase is you need to make sure who you’re hiring is familiar with Chase and how Chase operates. It can get a little frustrating dealing with Chase if you aren’t aware of how to work your way through their system.

The other interesting thing is that their processors, they don’t do email or voicemail. Whoever you are going to look to handle your Chase short sale, you need to ask your agent is what kind of administrative staff they have, and who is going to be handling your file. I just wanted to get this out there. My team has three full time staff back there and that’s what they are doing. We have dedicated phone lines just for the banks to call us on. We want to make sure that when these banks call us, we are able to talk to them. Again, I’m Shawn Polston with TucsonShortSale.com, your number one Tucson short sale team and we are here to help. Please contact us today so we can answer any questions you have about the short sale process.

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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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