Facebook Linkedin Youtube Rss

Category: Tucson Short Sale 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.

Have You Been Told You Won’t Qualify For A Short Sale?

March 27, 2012

Hello everyone Shawn Polston here with Tucson Short Sales, your short sale specialist in the Tucson area, thank you for taking a minute to check out my blog today. I work with Keller Williams in the Tucson area and use my blog to provide valuable information for distressed property owners on their options for avoiding foreclosure. If you are behind on your mortgage, or have seen the value of your home greatly diminished, please give stop by my website or contact me today to learn more about your options.

For my blog today I wanted to talk about getting a second opinion if you have been told you don’t qualify for a short sale. It is not uncommon for a distressed property owner or someone looking over their real estate options to be misinformed by a family member or selling agent. Usually this misinformation is surrounding the short sale process or whether or not their Tucson area lender will even consider completing a short sale. What surprises me the most is when I talk to a homeowner who is behind on their mortgage and has been told they will not qualify for a short sale. It is very rare for a lender in the Tucson area to not allow a short sale when the homeowner is behind on their payments.

So if anyone has told you that a short sale may be difficult or that you may not qualify I urge you to contact me for a second opinion. I have the short sale experience with all of the Tucson area lenders to help get your distressed property sold in a hurry. Feel free to stop by my website or give me a call today to set up a free consultation. Thank you for your time today and I look forward to hearing from you soon at Tucson Short Sales.

Stay or Sell?

Crunch the Numbers on Your Home Instantly!
Start Here

What is a Short Sale?

Start Here

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.

More About Shawn

© Polston Results Team – Tucson Short Sale Specialists