Is it Tough to Work with Desert Schools Credit Union on Finishing a Short Sale?

Posted by webmaster on Jan 27, 2012 in Uncategorized | 0 comments

Hello, my name is Kevin Kauffman, I'm with Keller Williams and Group 46:10, considered one of Casa Grande's leading real estate groups specializing in short sales. I am here to talk to you at the moment about Desert Schools Federal Credit Union. I get about 2 or three calls a week from individuals similar to yourself who've been doing research on Desert Schools Federal Credit Union and whether or not or not they can do a short sale with them. I got to let you know, Desert Schools has been tough to work with. Over time we have now worked with them so many times that we have now been capable of construct some relationships there and perceive their process so we will better serve our clients and their members.

Many people come to us as a result of they've heard that it's tough to work with Desert Schools Federal Credit Union and you realize what, that might be true for most people. I believe that we perceive their process now and we all know methods to best set up our clients for success in a short sale with Desert Schools Federal Credit Union.

So, if that is you and you've got a loan with Desert Schools Federal Credit Union, and you wish to speak to somebody who has got the expertise, then give us a call. We have dealt with them multiple times and we're certain that we can help you. We've got an almost 90% success rate, we have closed over 500 short sales now in the last four years. Again, I am with Group 46:10, Casa Grande's main short sale teams. Give us a call. You'll be able to reach us at 480-449-6642 or just fill out a form here on the web site at Group4610shortsale.com. We'll talk to you soon.

For more information on short sales and how to avoid foreclosure, visit the Group 46:10 blog or you can also contact the Group 46:10 team and get started today.

For more videos on short sales check out Kevin and Fred on the Short Sale Power Hour. Video for Short Sale Specialists.

Short Sale Guarantees?

Posted by webmaster on Jan 27, 2012 in Short Sale Arizona - Phoenix - Queen Creek | 0 comments

What are the guarantees in a short sale? I can only really think of one - I can guarantee that this thing won't close in 7 days! Ok, I've got two - I guarantee that if you don't know what you're doing or don't hire someone who does then you are in for a long, wild ride!

Other than those there really aren't any guarantees at all in short sales. A lot of people find this a hard concept to grasp and as dark and foreboding as it may sound it really isn't all that bad.

There is no guarantee that the property will sell BUT there never is. You could put a house up for sale for one dollar and it doesn't mean someone is going to buy it. Most of our deals that we sell we have a contract on them within the first 60 days but our market may be different than yours and we market our properties very heavily. Make sure that your property is properly marketed and distributed to as many buyers as possible. Without a buyer there can never be a short sale!

After the initial purchase contract there is no guarantee that the bank will approve the deal. BUT, your short sale negotiator should do everything in their power to keep the deal alive and negotiate as hard as they can to get the deal to close. It's usually a win-win for everyone involved and sometimes the bank just needs a little nudge and a little confirmation of that fact and you can get the approval that you need.

From a bank's perspective, they don't have to do a short sale. There is no law, nothing in your contract with them, no one holding a gun to their head saying, "YOU MUST DO SHORT SALES IF ASKED!". The bank considers it a privilege that is extended to the borrower and therefore may choose to not offer it as an option. Rarely, however, is it NOT in the bank's best interest and again, as long as the agent can convince the bank to take the deal they usually end up much better off, as does the client.

There is no guarantee that the buyer won't flake out at some point either, BUT when your agent writes up a contract between you as the sellers and a buyer they need to be very careful to protect you as much as they can. There are ways to do this via contract language and we have used it to our client's full advantage. Each state may have different clauses so make sure you ask questions to your short sale agent and make sure they know the answers! These clauses not only protect the sellers but also assures everyone that there is a committed buyer in the short sale transaction.

There are no guarantees with short sales themselves but if you can find the right short sale professional to help you then I can guarantee you have put the odds in your favor of getting through your first (and hopefully only!) short sale transaction.

You can find more information about short sales and foreclosure avoidance options at http://www.AzHomeHelp.com

Sean Bonini is a Real Estate Agent/Broker in Scottsdale Arizona specializing in short sales. He serves as the Managing Director of AzHomeHelp.com which is a company that helps homeowners avoid foreclosure. Sean's up-to-date blog at http://www.PhoenixRealEstate247.com also covers local and national news regarding the real estate & mortgage industries with a focus on helping homeowners in distressed mortgage situations.

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Watch Kevin and Fred, Short Sale Specialists, on the Short Sale Power Hour. Video for Short Sale Specialists.

Are You Curious About Tax Ramifications With Your Short Sale?

Posted by webmaster on Jan 25, 2012 in Uncategorized | 0 comments

Hi, I'm Kevin Kauffman. I'm part of Group 46:10, one of the nation's top short sale and real estate teams located right here in Casa Grande. Are you having trouble making your mortgage payments or are tired of being underwater on your mortgage? We at Group 46:10 can offer you different alternatives to alleviate some of these problems. As one of the leading short sale teams in the country, we have completed more than 500 short sales in the last 4 years and have a success rate of over 90%.

I am here today to discuss short sales and tax ramifications. One of the concerns that we hear quite often from potential customers is that they would like to short sell their home, but are worried about the taxes they will have to pay after the sale. Maybe you've heard from other people that have done short sales that there were some tax liabilities and would like to find out more.

The Mortgage Debt Relief Forgiveness Act, which ends at the end of 2012, allows homeowners, such as yourself, to not pay taxes on the forgiven amount if the home is their primary residence and the selling price is less than $2.5million. If you're thinking about short selling your house, you need to act quickly because the transaction would need to be finalized by the end of 2012 in order to qualify for The Mortgage Debt Relief Forgiveness Act.

Please give us a call or fill out the form on our website, group4610shortsale.com, to find out more about this act or if you have questions about your specific situation. If you don't qualify for this act, don't let that stop you from short selling your propety. We have a couple of different ways to avoid paying taxes as well. A practiced short sale specialist, such as myself and my business partner Fred, can discuss those different options with you.

For more information on short sales and how to avoid foreclosure, visit the Group 46:10 blog or you can also contact the Group 46:10 team and get started today.

Watch Kevin Kauffman and Fred Weaver of Group 46:10, Short Sale Specialists, on the daily Short Sale Power Hour.

Where Can I Obtain Free Pre-Foreclosure Listings?

Posted by webmaster on Jan 24, 2012 in Foreclosure | 0 comments

If you are planning on buying a home right now, then you probably want to purchase as cheaply as you possibly can. The economy is obviously not doing well, and you, like everybody else, may be in poor financial shape. The way to do this is simple. All that you have to do is purchase a home that is going to be short sold or is in pre-foreclosure. These are homes that people are absolutely desperate to sell and will likely do so for a very small sum of money.

Unfortunately, getting listings of homes that are in this state is very difficult. Companies that work to collect this information do so at great cost and, therefore, will charge a huge amount of money to people for access. This can be one of the many obstacles that people find when they choose to purchase a home in this state. However, there are ways around this.

The best way to get free foreclosure listings is to go to a site that hosts these listings for a fee. Typically, these sites will offer free trials or have an initial week or month for a very low cost. This means that if you are able to do your search in a short enough period of time, you can take advantage of this free offer and find out exactly what you need to know. This has a large number of advantages over using a purely free site. The biggest of these is simply the quality.

As stated before, collecting information about homes that are in pre-foreclosure is extremely expensive and a free site cannot have nearly the same depth or breadth as does a paid site. Also, typically the site offer far more features, as well as other necessary information. This is definitely something that anybody who is involved in a home search should consider.

By the way, by researching and comparing the different free foreclosure listing services in the market, you will be able to determine the one that meets your specific requirements, plus the free or cheaper options. This way you will save time through up to date foreclosure listings and money by getting better results over your investment.

Hector Milla runs the Best Free Foreclosure Listings website, where you can see a review of the best rated free foreclosure listing service.

Read our full reviews, plus hundreds of articles and video training about this subject.

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