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Tag: tucson short sale

Bank of America is Offering Incentives to Customers who complete a Short Sale on their Homes

June 19, 2012

Hey there, I’m Shawn Polston with 520ShortSale.com, from Keller Williams and your Tucson short sale specialist. I wanted to talk to you today about my friends at Bank of America and short sales. Bank of America just released a brand new program. If you have a Bank of America loan and you have been having trouble with your payments or maybe even not, you may be receiving a letter in the mail that looks something like this. I’m putting this out there to just emphasize the importance of opening your mail from your lender because Bank of America has a limited time program that they are going to start paying owners to short sell their homes and giving them between $5,000 and $30,000 worth of relocation assistance. It’s an invitation program; it’s something that you need to receive one of these letters from them. My staff and I also have the ability to check within their system and communicate with them to see if you would in deed qualify for this program.

This is really an amazing thing, we have seen it from a couple of other lenders out there and it’s really a great step on Bank of America’s part to helping their customers and helping their homeowners in need. Also, I just want to get it out there that if you do receive this letter, it is definitely the real thing and this program does exist.

Again, I’m Shawn Polston your Tucson short sale specialist and I encourage you to ask any questions you may have about this program. We are here to help in any way that we can. Please give me a call today or fill out my short sale request form on top of the page and I look forward to speaking with you soon. Thanks and have a great day.

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.

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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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