Short Sale Information For SPS

Hello everyone this is Kelly Cook with the Kelly Cook Real Estate Group in Phoenix; I am your short sale and real estate expert for the area. You can find us online at www.KellyCookHomes.com. We specialize in helping homeowners throughout the entire Phoenix area avoid foreclosure through the means of a short sale.

Today the topic we're addressing is Select Portfolio Servicing (SPS) short sales. SPS is a servicer of mortgages for some of the larger investors, such as Fannie Mae and Freddie Mac. We enjoy working with them; we've worked with them so many times it's almost to the point where if it's a new short sale many times we call in and they know us by name. This is a good thing when you do so many short sales because it makes it easier to negotiate the short sale with them. They know we're reputable, do things right and we go to bat for our clients and they respect that. If you do have an SPS mortgage please give us a call because we'd love to go to work for you on your short sale today.

Even if you're still just looking for short sale information, we're here to help you. You can also find out the value of your home and evaluate your situation at www.MyHomeValueCalculator.com. If you put in information about your home, we'll instantly send you a report providing you with the property value of your home as well as a break even analysis that will help you determine if a short sale is right for you. Don't delay; you can email us at info@kellycookhomes.com or call us at either our Phoenix, AZ or Columbus, OH office. We really enjoy helping homeowners with a short sale and guiding them through the process, so please contact us today for help with your SPS mortgage.

1 Response

  1. Joshua Castro

    I have a 1st and 2nd with SPS. Both loans were used to purchase a duplex in Phoenix Az about 7 years ago. My understanding is that since they are purchase loans I cannot be sued for any deficiency if I walk away. At the time I purchased the property I was planning to move to Phoenix. I ended up staying California and have been renting it out long distance since then. I have been unable to find a tenant for one of the units and because of work and family obligations it has been extremely difficult to manage. I’ve put a lot of money into it, new roof, fixing plumbing issues, and it has been a big drain on me financially. The loans were with BofA and recently got switched to SPS a few months ago. Do you know if SPS will approve me for a short sale? I actually have a decent income but I am tired of throwing good money after bad. I owe about 100,00 on the first and 25,000 on the second. The property is valued on Zillow for 96,000. I’m ready to walk away. I have not contacted SPS.

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