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Category: Tucson Short Sale Help

Freddie Mac And Fannie Mae Short Sales Require Special Knowledge

April 18, 2013

Today on TucsonShortSaleNegotiator.com I wanted to talk to you about Fannie Mae and Freddie Mac short sales. Fannie Mae is the largest owner or investor of mortgages in the country; I’m unsure of what the percentage is that they own, but I can tell you that it is extremely high. Freddie Mac is the second largest owner or investor of mortgages in the country. If your loan is owned by either of these and you’re considering a short sale, it doesn’t matter who your lender is, Fannie Mae or Freddie Mac have very distinct processes for their short sales. Again, it doesn’t matter who your lender or your servicer is, but they are supposed to follow these processes to get the short sale done.

One of the big things in success or failure with your short sale is that you need to hire an agent that understands how to figure out if it’s a Fannie Mae or Freddie Mac loan and how to work with them. While the short sale information might be going to Bank of America, for example, if it’s a Freddie Mac or Fannie Mae loan, there are just certain requirements that Bank of America has to follow. Going into the short sale with your eyes wide open and knowing how to deal with them will reduce the amount of time it takes to get your short sale approved; your chances of getting short sale approval go way up.

We typically have over a 90% approval rating on our short sales and there’s a reason for that. We’ve learned how these lenders and investors work; we’ve worked with them in the most efficient manner possible so that they can get the short sale done for you. If you have a Fannie Mae or Freddie Mac loan and have questions about getting a short sale done with them, please pick up the phone and give us a call.

Tucson Short Sale Specialist and Chase Short Sales

April 11, 2013

Hi there, I’m Shawn Polston with Keller Williams Southern Arizona and 520ShortSale.com. I wanted to talk to you today about my friends over at Chase Bank and Chase short sales. Chase is a company we have worked well with for years and years and years. One of the most interesting things about Chase and working with Chase on short sales is actually how consistent they seem to have been able to stay over the years. I remember doing short sales with Chase back in the early 2000s or mid 2000s and here we are in 2013. Their processes and their timeframes and how you get things done with Chase have not changed. We do a great job in getting short sales done with Chase. We know who to talk to over there so if there are problems or issues that arise; we know how to get past those problems. I know you are going to have other questions, so what I encourage you to do is pick up the phone and give us a call. You can also fill out a short sale request form and we will talk to you very soon.

How Exactly Does A Short Sale Agent Get Paid?

March 21, 2013

Hello every Shawn Polston here with TucsonShortSale.com and Keller Williams Southern Arizona wanting to talk with you today about short sales. I use my blog to keep distressed property owners informed on their options for avoiding foreclosure including the possibility of a short sale. If your mortgage is underwater and you are struggling to make your monthly payments please visit my website or call me directly to chat with an expert. If you have already missed a payment please don’t hesitant to contact me in order to protect you from any future damage.

Today I wanted to talk with homeowners about a question that I get asked frequently by my clients. Given that I always tell my clients they will never pay any out of pocket fees for my service they are usually curious as to how I get paid. While some short sale agents will charge up front fees my commission is taking at closing from the selling price of the home. Any additional escrow or other possible fees are also deducted at this point in order to keep money in your pocket after a short sale is complete. I closed my first short sale in 2003 and have never charged anyone in distress a single upfront fee for my service. Our team is results based and if we cannot accomplish that goal we do not deserve to be paid in my opinion. This is nothing against Southern Arizona agents who charge upfront fees but I am here to help homeowners in need and this is one way of doing just that. Even if you just have some questions about your mortgage or your lender I am more than happy to share my experience and knowledge to help provide you peace of mind.

If you are facing foreclosure or simply need to sell your home please contact me right away to discuss your options. Make sure to stop by my website and try our Short Sale Calculator to find out when your home may be worth what you owe. Thanks for your time and I look forward to helping you in the future with your real estate needs.

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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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