Information About Wells Fargo Short Sales
We are discussing Wells Fargo short sales today; thanks for joining us. She is Sarah and I am Josh; we run The Pomerleau Team at Keller William’s Realty in Minnesota. We are Minnesota’s top short sale group and we’re always blogging about different topics related to short sales. When we started working on short sales, Wells Fargo was one of the easier lenders to work with. We currently have a lot of short sale files with them and at any given time we’ll have 12-15 of their properties listed because they are one of the bigger lien holders in Minnesota.
Before we get began we would like to tell you about our Short Sale Calculator, you can use it whether or not you’re in Minnesota. If you put in some of your basic loan and property information, it’ll create a report telling you how long it will take for you to break even on your house. We advise you to check it out because many of our clients have found it very helpful.
Let’s address Wells Fargo short sales now. Like we said, at any time we have around a dozen short sales with them because they do a lot of servicing for FHA, Fannie Mae and Freddie Mac loans. When we first started, they were one of the easier financial institutions to do business with because they were very quick with their process, but now it’s been taking about twice as long to get the short sale done. They are not really that great to work with anyone, especially since some of the other servicers are raising the bar. They’ve hired a lot of new employees which was helping, but now we’re not sure if there is an issue where the competency of the employees is declining or if they are having a problem with their leadership. It’s disappointing because they were really great to work with and now that’s not the case. We are still getting Wells Fargo short sales approved, it’s just been taking a lot longer than it used to. We still enjoy working with them because we know we’ll get the short sale approved, but it is been sad seeing the deviation in their process.
If you have any added short sale questions, click the Start button at ShortSaleShift.com.
For more information on short sales and how to avoid foreclosure, visit the Short Sale Shift blog or you can also try out their Short Sale Calculator and get started today.
Read MoreAre There Any Disadvantages to Completing a Short Sale with Aurora?
Hello, at the moment we’re going to talk about Aurora short sales. I am Josh, she’s Sarah and we run the Pomerleau Team here at Keller Williams Realty and we are your Minnesota short sale experts. Before we get started on Aurora short sales we wished to encourage you to look at our short sale decision calculator on our website. You enter some primary property data and your loan balance and payment amount. It can send you an instantaneous report displaying where you stand in your mortgage as far as should you were to close tomorrow how much would you must deliver to closing, or how long is it going to take to break even on your mortgage given certain charges of appreciation. A lot of people who are simply starting out in the short sale process are utilizing it and finding it useful to resolve if a short sale may very well be proper for you.
We’re going to talk about Aurora today. We don’t have as many files with them as our larger banks, but we nonetheless get a couple of here and there. They are slower than the key banks at communication and processing. They’ve a system where when you call in they funnel your calls to your negotiator’s voice mail. This is not a problem so long as you might be working with a negotiator that doesn’t take forever to examine voice mails and call you back.
It is advisable to have a realtor that may be very proactive with working with short sale files. You need somebody who is ready to follow up especially with banks like this that take somewhat longer.
Once more, we’re Josh and Sarah with the Pomerleau Team, your Minnesota short sale specialists and we’re here to help. If you want any advice about your short sale, or would like somebody to take on your file and enable you to get a successful closing, you’ll be able to contact us at shortsaleshift.com. Hit the big start button, fill out some information on the bottom of the page, you can even chat with us, email us or give us a call. Thanks and have a great day.
For more information on short sales and how to avoid foreclosure, visit the Short Sale Shift blog or you can also try out their Short Sale Calculator and get started today.
Read MoreCan Bank Of America Continue To Construct Enhancements To Their Short Sale Process
Hello everybody my name is Josh Pomerleau with Short Sale Shift, Minnesota’s premiere short sale staff, thanks for trying out my weblog today. I work with Keller Williams Realty within the Minnesota area and blog on daily basis from the short sale trenches to provide area owners with priceless data on avoiding foreclosure. If you can no longer afford your mortgage, or simply need to learn more concerning the short sale process, take a minute to browse the over seven hundred videos on my website or contact me directly to discuss your options.
For my weblog at this time we will probably be talking about Bank of America and what to anticipate through the short sale process with their staff. Bank of America has come a great distance over the last few years in helping householders and making their short sale process far more easy to understand. I even received a telephone call last week asking for input on their latest enhancements and any suggestions on find out how to make their short sale system more user friendly. One area where I hope Bank of America can improve is their use of the HAFA program in an effort to provide more assitance to our Minnesota homeowners. Having said that our staff has great success working with Bank of America and we’re on the telephones on daily basis with their negotiators working to get your clients the best deal on their distressed property.
If in case you have any questions on your Bank of America mortgage, or any other lender, please contact me by means of my web site or give me a call immediately to arrange a free consultation. On my web site you will see an incredible new tool known as the Short Or Stay Calculator that offers you helpful info on the future of your mortgage. Thank you for your time immediately and I hope to hear from you soon at Short Sale Shift in Minnesota.
For more information on short sales and how to avoid foreclosure, visit the Short Sale Shift blog or you can also try out their Short Sale Calculator and get started today.
Read MoreWould You Like To Learn More About Chase’s Short Sale Incentives?
Greetings I am Josh and she is Sarah, we run The Pomerleau Team at Keller William’s Realty in Minnesota. We’re the number one short sale team in Minnesota and we like helping homeowners with their short sales. We currently have about 75 active short sales on the market, which is plenty. Today we’re going to talk a little bit about Chase bank. We have been having many people calling in and reaching out to us that have Chase as their lender; there is a lot of other stuff going on with Chase compared with other lien holders.
Before we begin though, we would like to tell you about our Short Sale Calculator on our website; we urge you to take a look at it. If you enter in some of your basic information it’ll send you an instant report of all the numbers if you were to do a short sale and where you stand with your home loan. Even if you happen to be outside of Minnesota, you can still utilize the calculator and we will pass your information on to a short sale realtor in your area.
We have many files going with Chase right now and it is kind of fun because they are putting all of these programs together with incentives for people to do a short sale. These programs are kind of ridiculous in a great way for the homeowner. We’ve had homeowners get $20,000 to do the short sale. Typically the upside down homeowners get a letter in the mail telling them they will receive a specified amount of money if they get the home listed and sold; their full deficiency amounts are also being waived. We have another customer that’s going to get $10,000 to do the short sale. Nationally, we’ve seen homeowners get up to $40,000 in incentives or relocation assistance. If you have a Chase mortgage, you’re in a great position right now.
Please contact us if you do have a Chase mortgage because we would be happy to assist you with your short sale and tell you more about their current incentives.
For more information on short sales and how to avoid foreclosure, visit the Short Sale Shift blog or you can also try out their Short Sale Calculator and get started today.
Read MoreInformation In Regards To PHH Short Sales
Hello and welcome to ShortSaleShift.com, we’re talking about PHH mortgage and short sales today. I am Sarah and this is Josh with the Pomerleau Team in Minnesota. We’re one of the Minnesota area’s premiere short sale groups and we urge you to contact us with any of your short sale questions.
At this time we don’t have any PHH short sales listed with us, which is surprising because we usually have five or six listed at any given time. We are getting them done too quickly and their servicing rights are changing so this could have something to do with that. We have over 70 short sales up for sale in Minnesota right now, so it is very surprising that none of them are with PHH.
When we first started doing business with PHH they were so difficult to work with and now it is entirely different. They have gotten much better, hired more people and have made the short sale process with them much simpler. There are many banks that are doing this because the number of short sales is increasing across the board, however there are some lenders, such as Wells Fargo, that are getting worse with their short sale process. PHH has really stepped up and their timelines are improving; another nice thing is a lot of their loans are owned by GSEs which means that if it is a Fannie Mae, Freddie Mac or FHA guidelines they have their own guidelines and PHH just services the guidelines. Those big investors have similar guidelines as every single one of their servicers so we know how to work a PHH file. We have processed so many of them that we know who to get in touch with if we need to expedite the file.
We advise you to get in touch with us if you have a PHH home loan by clicking the Start button, emailing us, chatting with us or calling us. Thanks again for coming to ShortSaleShift.com.
For more information on short sales and how to avoid foreclosure, visit the Short Sale Shift blog or you can also try out their Short Sale Calculator and get started today.
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Josh Pomerleau
Josh Pomerleau has been a leader in Twin Cities real estate for the past 5 years. He currently runs a team that is in the top 7% of all Realtors® in the Twin Cities Area. He also serves on the Agent Leadership Council in his office and Region. Josh Pomerleau has represented the following company’s relocation needs; Honeywell, Cummins, General Mills, 3M, and Target. Josh has always had the mentality of “whatever it takes’” and great passion towards real estate which serves well in the growing short sale arena.
Sarah Willman
Sarah is a founding co-owner of The Minnesota Short Sale Group. She began working in the real estate business in 2008 while finishing her Bachelor of Science Degree in Biology for the University of St. Thomas. After being accepted into several law schools for real estate law, Sarah shifted to working real estate full time.