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Category: Tucson Short Sale Help

Are There Any Suggestions to Working with Wells Fargo on Completeing a Short Sale?

May 22, 2012

Hi, I’m Shawn Polston with TucsonShortSaleNegotiator.com and 520ShortSale.com with Keller Williams Realty, your Tucson short sale experts. I wanted to talk to you today about Wells Fargo short sales. Wells Fargo is a very interesting company to work with on short sales. They have very, very defined and refined processes and one of the biggest things with Wells Fargo, the difference between success and failure with your short sale, whoever is handling your file needs to have an incredibly good sense of humor and an incredible amount of attention to detail. They want every I dotted and every T crossed, no missing initials on anything, and every piece of paperwork you send them has to be completely legible.

The reason I’m bringing this up is because you’ll hear a lot of agents say nasty things about Wells Fargo. The reason they have all of these negative things to say about Wells Fargo is in short sales it’s understandable they have problems with Wells Fargo’s way of doing business. However, they aren’t going to change it. So one of the biggest things about my team is we understand this and we embrace this. Stephanie, who works in our office, is becoming a Wells Fargo specialist.

Again, I’m Shawn Polston with Keller Williams Realty, your Tucson short sale specialist and I’m here to help. If you have a Wells Fargo mortgage of any kind, and you would like to talk to someone who likes working with them about how to do a short sale, please feel free to give me a call or fill out my short sale request form. I hope you’re having a good day and we’ll talk to you soon.

How to short sale when you have multiple loans-Tucson Short Sale Specialist

May 15, 2012

Hi there, I’m Shawn Polston with TucsonShortSalenegotiator.com, with Keller Williams Realty, your Tucson short sale specialists. I wanted to talk today about situations where we have multiple mortgages on a property or multiple liens on a property. The reason I want to bring it up is because you will run into people and real estate agents unfortunately that are under the impression that if you’re in that situation you can’t do a short sale. Or it’s incredibly difficult or any of those things. Well, I agree that it makes it more interesting and we will have more hurdles to overcome any time we have multiple liens on a property.

One of the things that I want to get out there is we do short sales with multiple loans on a property routinely and we even do short sales with three loans on a property. The way that typically happens is the house was purchased back in 2005 or 2006 when there were things called 80/20 mortgages. The lender would loan an 80% first mortgage and a 20% second mortgage. The way the third mortgage popped up was they actually did something like put a pool in the back yard. So now we have a third loan that was basically a construction loan to put a pool in the back yard.

We do those routinely and we also do short sales routinely where there is one mortgage on the property, two mortgages on the property, and then there are IRS tax liens or other liens. We have been successful with most of the cases with all of these different things. We have been able to work this all out with all of the different parties involved.

I wanted to get that out there to let you know if you are in that situation, and someone has told you that they don’t think you can do a short sale, please get a second opinion. I’d love for that second opinion to come from me and I’d love to take a look at your situation and see what is really going on and really explain to you how it all works. Again, I’m Shawn Polston with Keller Williams Realty, your Tucson short sale specialist and I’m here to help. Please call me with any questions or you can also fill out my short sale request form and I’ll get back to you as soon as I can. Thanks and have a great day.

Bank of America Speeds up Short Sales

May 10, 2012

Hi, I’m Shawn Polston with Keller Williams Realty, your Tucson short sale specialists. You can find us at TucsonShortSaleNegotiator.com and 520ShortSale.com. I wanted to talk to you today about Bank of America. My friends at Bank of America have just put some new systems in place that are supposed to speed up the short sale process. Their predictions now are that they are going to be able to turn around certain short sale files in about 3 weeks from getting an offer to getting an approval. This is huge news because one of the things about short sales is they have kind of gotten this stigma of taking a really long time to get done.

I wanted to get this out there because, number one, kudos to Bank of America for stepping up to the plate and getting this moving. If you have a Bank of America loan and you are considering a short sale or foreclosure, I’d love for you to pick up the phone and give us a call. You can also fill out our short sale request form. We’d like to talk to you about it and talk to you about how the process works with Bank of America. We are incredibly familiar with working with them and have built great relationships with them.

I know you may have other questions and you can take a look at my other videos on our website. Feel free to look at them and see if you can find any other answers to any questions you may have.

Again, I’m Shawn Polston with Keller Williams Realty, your Tucson short sale specialists and we’re here to help. I’m just a phone call away. Thanks and I hope you are having a great day.

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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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