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Tag: short sale specialist

Do You Know Who Owns Your Loan?

June 5, 2012

Hi there, this is Shawn Polston with TucsonShortSaleNegotiator.com and Keller William’s Real Estate in Tucson. I wanted to talk to you today about my friends over at Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac are investors that own loans. You may make your payments to Bank of America, Chase, or some other bank. Whoever you send your payment to, however, is your servicer. There is a distinct possibility that Fannie Mae or Freddie Mac owns your mortgage; no one actually sends their payments to Fannie Mae or Freddie Mac. The servicer collects the payment and then will take a small portion of your mortgage payment and then forward it on to the investor. Why this is important is because if you’re considering a short sale or considering a foreclosure the person that actually does the decision making and establishes the guidelines of how it’s going to happen and when it’s going to happen is either Fannie Mae or Freddie Mac if they own your loan.

There’s an easy way to figure out if either of them owns your loan by looking at their websites online. The reason I’m talking about this is because many people don’t realize that there are mortgage investor and servicer relationships. The servicer doesn’t really have the ability to make a decision on what’s going to happen with the loan whether you’re going to do a loan modification, a short sale, a deed in lieu of foreclosure, etc. It’s actually the investor who owns the mortgage that makes these decisions and I just wanted to get that out there.

Fannie Mae and Freddie Mac own numerous loans and we’ve got a ton of them. We have a very good relationship with both of those companies. If you have a loan with Fannie Mae or Freddie Mac and you have short sale questions or would like to know what the expectation should be, please give me a call or fill out the request form on our website.

What are Some of the Many Areas that the Polston Team Deals with Short Sales?

May 29, 2012

Hi there, I am Shawn Polston with TucsonShortSaleNegotiator.com and Keller Williams Realty. We are one of Tucson’s leading short sale teams. I wanted to talk to you today about short sales and to get the word out there that while we certainly have a very large presence and do a tremendous amount of business in the Tucson area, we are also very, very active in the Tucson area. At any given time we have a bunch of listings down there and we are constantly helping families’ by answering questions and completing short sales on their underwater homes. There is no reason to be miserable in your underwater home. We can help you make the right decision for you and your family.

It is not that uncommon that I should get a call from someone in Tucson wanting to know if we work in their area. Since I have gotten a few calls from this area I thought I would put this out there that yes, absolutely, we are here to help you short sale your home. If you are in the Tucson area, we love to work in that area and we are very familiar with the floor plans and many of the subdivisions

Again, this is Shawn Polston, with one of Tucson’s leading short sale teams and we’re here to help.If you are considering a short sale, I would love to talk to you about your situation and answer any questions you may have about short sales or the short sale process. So feel free to pick up the phone and give me a call today. You can also fill out our short sale request form and we will get back to you as soon as we can. Thanks a lot and I hope you are having a great day.

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.

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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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