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Category: Tucson Homeowner Help

Some Lenders Are Transferring Mortgages During The Short Sale Process

April 5, 2012

Hello everyone my name is Shawn Polston with :k1 Short Sales, your number one short sale agent in the Tucson area, thank you for taking a minute to check out my blog today. I work with Keller Williams Realty in the Tucson area and use my blog to provide homeowners with valuable information on their options for avoiding foreclosure. If your mortgage is underwater, or if you are already considering a short sale, feel free to stop by my website or contact me directly to learn more about your options.

For my blog today I wanted to discuss working with Seterus on a short sale file and some of my recent experiences. Seterus has been around for a long time but has operated under different names, such as LBPS. My team and I have worked with Seterus for years and know what to expect when working with their short sale department. Thanks to all of our experience we have enjoyed a lot of success on the short sale files we have gotten approved through Seterus. One thing I have noticed lately is a lot of Bank of America mortgages being transferred over to Seterus. This is rather common between lenders and just goes to show just how popular short sales have become in the Tucson area. It is even possible that your mortgage may be transferred during the short sale process.

If you have any questions on the short sale process, regardless of who your lender is, please give me a call or contact me through my website to discuss all of your real estate options. Even if a short sale is not right for you I want to help you avoid foreclosure. Thank you for your time today and I hope to hear from you soon at Tucson Short Sales.

Is it Possible to Complete a Short Sale When You Have a Reverse Mortgage?

April 3, 2012

 

Hi there, I am Shawn Polston here with TucsonShortSales.com, one of Tucson’s leading short sale teams. I wanted to talk to you today about reverse mortgages and short sales. For those of you who are not aware of what a reverse mortgage is, it is a product, generally speaking for folks who are up there in years, and I think the requirement is over 65. Depending on how much equity you have in your property, a reverse mortgage will actually pay you every month. One of the things I have found out there in my looking around the internet is there are actually some people out there claiming that you cannot do a short sale on a reverse mortgage. Nothing could be further from the truth.

In situations where there is definitely some sort of hardship, the lenders are interested in doing short sales on reverse mortgages. Maybe something has changed, there has been a job loss, or unfortunately a death of someone who was involved in a reverse mortgage, chances are, your lender will work with you on your situation.

I wanted to get that out there and make sure you know that it is an option. If you have any questions about how short sales and reverse mortgages work, please do not hesitate to pick up the phone and give me a call. You can also fill out the short sale request form on our website. Again, I am Shawn Polston, one of Tucson’s leading short sale teams and we are here to help. I look forward to speaking with you soon. I hope you are having a great day, thanks.

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.

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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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