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Category: Tucson Short Sale Help

Bank Of America Short Sale Experts

January 21, 2014

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Thank you for taking the time to visit our website today. If you’re here you are more than likely looking for short sale information and, if so, you’ve come to the right place. I wanted to talk to you right now about Bank of America and their short sales. As far as short sales go with Bank of America, honestly, we’ve been working with them for many years. Once upon a time shortly after Bank of America acquired Country Wide home loans we’d go to them with a short sale and it was an incredibly difficult process to get the short sale done. What I wanted to share with you today is that Bank of America has actually become one of the most receptive companies to accomplishing short sales and expediting getting the short sale done. In most cases, FHA loans with Bank of America are a little bit of a different process but the rest of the mortgages that are serviced or owned by Bank of America, we have incredibly good results and incredible contacts within Bank of America and their third party service providers.

If you have a Bank of America loan and you’re considering doing a short sale please pick up the phone and give us a call or fill out the short sale request form on our website and we’ll be in touch with you soon. You can also feel free to browse our website further to find more videos and information regarding completing a short sale with Bank of America or any other lender for that matter. If you have any additional questions that aren’t covered in the videos or on our website please don’t hesitate to reach out to us for help because we are here to help you navigate the short sale waters, no matter who your lender is or what type of loan you have.

Will The Bank Come After You Once You’ve Completed Your Short Sale?

January 14, 2014

One of the questions I get asked the most often is whether or not the bank will come after you once you’ve completed a short sale. Honestly, it’s really hard to answer that question right now. Don’t let this deter you, however, because we’ll be able to fully answer that question once we get your short sale approved.

When you get your short sale agreement letter it’s basically a new agreement between you and the bank regarding the terms of your short sale. The short sale approval letters that we receive from most letters, 99% of the time they grant a full release of deficiency to the homeowner. Occasionally we run into the circumstance where there is a second mortgage where they may have rights to pursue you and it can make the short sale a little bit trickier but in the vast majority of our short sales, the seller ends up leaving the situation free and clear of any loans on the property.

What I’d like you to do is contact me so that I can get a complete understanding of your situation and your scenario. When your loans were taken out, if there was cash taken out, if the loan was ever refinanced – all of these things impact how this one question gets answered. Don’t take a blanket statement as the correct answer for your situation because it hinges on several different things. You can fill out the short sale request form on our website or pick up the phone and give us a call so we can talk to you about your situation and educate you on the different things that are out there. We also have legal resources that you can speak to, to answer this question a bit more concretely. The biggest thing is to not do nothing; do something by giving us a call or filling out the short sale request form and we’ll be in touch soon.

Don’t Be Scared Off By Unique Short Sale Approach Utilized By Nationstar

December 23, 2013

Hello everyone Shawn Polston here with Keller Williams Realty and Tucson Short Sales talking with you today about getting a short sale completed with Nationstar. I use this blog to keep homeowners up to date and informed on how to avoid foreclosure and sell their distressed property. If you are having a hard time making that mortgage payment every month or fed up with no equity in your home visit my website or call me today to discuss your options.

The first short sale I did with Nationstar was at least seven years ago and I am very familiar with their staff and how they conduct business. One of the unique aspects of Nationstar is how proactive they are with setting up an auction for the property with the realtor and the homeowner. They are very consistent with this approach and a lot of agents are opposed to it because it’s not how a short sale is traditionally done. This may just be an ego thing but at the end of the day it can make or break a homeowners short sale possibilities. I have seen numerous short sales get shut down by Nationstar simply because an agent did not want to pursue this route for selling the home. At the end of the day protecting the homeowner is an agents responsibility even if it’s not the same as your typical short sale. Thanks to my experience with Nationstar I have helped many homeowners by simply letting them know what their options are and the outcomes of each.

If you have a Nationstar mortgage and have been considering selling your distressed property please give me a call to discuss your current situation. The more time we have to weigh your options the better chance we can avoid foreclosure and get your home sold. Thank you for your time today and I look forward to hearing from you soon at Keller Williams Realty in Tucson.

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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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