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Category: Tucson Short Sale Help

Consistently Getting Great Results While Working On Short Sale Files With GMAC in Arizona

September 10, 2011

Hello everyone this is Shawn Polston with Tucson Short Sale Negotiator thank you for joining me today. I am a real estate agent with Keller Williams Realty in Tucson who specializes in short sales and I blog every week to educate homeowners on foreclosure avoidance. For today’s topic I wanted to discuss working with GMAC on a short sale file and some of our experiences in the past. Overall working with GMAC has been great in the past and we are always excited when a new GMAC file hits our desk. In talking with other agents in the Tucson region I have heard some bad things about their GMAC experience, however our team has had plenty of success and will continue to down the road. Because we have worked with GMAC on several short sales in the past we know which systems they use and what they expect during negotiations. In fact, one of our lead negotiators absolutely loves working with GMAC and she always provides a great game plan for success. If you have a mortgage with GMAC, or any other lender, feel free to contact me today with any questions you may have. If you would prefer to meet in person I’d be more than happy to set up a free consultation and discuss your options. On my website you can find a short sale starter kit that will go over the basics of a short sale and what documents we will need from you. We are Tucson’s number one short sale team and our experience and knowledge cannot be matched. Thank you for tuning in to Tucson Short Sale Negotiator and I look forward to hearing from you soon.

A Judgment Or Lien Does Not Mean We Cannot Get A Short Sale Approval On Your Home

September 6, 2011

Hello everyone Shawn Polston here with Tucson Short Sale, thank you for joining me today. I work with Keller Williams Realty in the Tucson area and use my blog to keep local homeowners educated on avoiding foreclosure and what their options may be. For today’s topic I wanted to discuss how a pending judgment or lien against your property may effect doing a short sale. I got the idea for this topic after receiving a referral from a fellow agent who had a client that needed to sell their property but had a judgment against them. I am glad they called me for help because often times an agent will tell a potential client they cannot do a short sale if they have a judgment. This is simply not true. When there is a judgment associated with a short sale it can be more difficult but it is certainly not a deal breaker. In my experiences with this situation we simply have had to show there are no proceeds from the sale in order to get the property released. I have even helped people with IRS tax liens get their judgments released and their properties sold. In fact, the IRS has a simple document on their website that is made specifically for this type of situation. So before you make a decision on your property please contact me or visit my website to get more information. My team of short sale experts has the experience and education that cannot be found anywhere else in the Tucson area. Thank you for checking out Tucson Short Sales today, I look forward to hearing from you soon.

After I Complete A Short Sale How Long Do I Have To Wait To Buy Another Home?

August 25, 2011

Hello this is Shawn Polston with Tucson Short Sale Negotiator, thank you for checking out my blog today. Having worked on short sales in Tucson for a while now one of the biggest concerns a homeowner will have is when can they buy a home again after completing a short sale or foreclosure. For today’s blog I will be including some great information from a conversation I had with Tom Heath on this subject. Tom is an expert in the mortgage industry and has twelve years of experience working with homeowners to educate them on how the lending process works and how a persons specific financial situation will affect their mortgage. In talking with Tom one thing he stressed above all others is that there are general guidelines but every person has a unique situation which garners a unique result. According to Tom someone who completes a short sale will have to wait roughly three years before being able to qualify for a mortgage again. In the case of a foreclosure it can take up to seven years. Tom also pointed out that a big determining factor is how many mortgage payments were missed during the short sale. In a short sale the biggest damage to your credit is how many mortgage payments are missed not the actual short sale of the property. In fact, Tom even shared a story about a client who was able to get a mortgage only months after finishing a short sale. According to Tom if your credit is in good standing after a short sale it falls on the bank to determine if a customer is too risky or not. I’m sure many of you have questions in regards to your specific situation and I would be happy to answer them. Please visit my website or contact me today to set up a free consultation. If you have questions specifically for Tom Heath I would be more than happy to get you in contact with him as soon as possible. Thank you for tuning in to Tucson Short Sale Negotiator and have a wonderful 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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