Peoria, Arizona Short Sale

Archive for the ‘Short Sale’ Category

Welcome back and thank you for visiting us today on our blog. This whole blog is devoted to the home owner who is exploring the options on what you want to do with your home. Whether you are in a position where you can no longer afford it or are simply no longer want to owe as much as you do against your house and want to strategically default, this blog is for you. We hope that you discover loads of great subject matter here on our blog.

Today we want to center on a matter that has become very significant in the last couple months. It deals with your funds and the funds that you have in your bank account. There are lenders out there that are going into home owner bank accounts and taking funds to satisfy deliquencies on their mortgage.

Please know that the mortgage you took out on your home is secured against your house and your house only. The exception to that regulation is with the bank accounts that are with the same lender that has your mortgage. For instance, if you have a checking account with Chase and your mortgage is additionally with Chase, Chase can take funds from your checking account to pay your mortgage.

We have had numerous clients approach us concerning this specific topic. If you are taking into consideration a short sale or have missed a payment or two, we would propose that you shift your checking account to another lender. Close up your accounts with a lender that has your mortgage.

Because of the checking and savings account agreements they have with you, they keep the permission to take funds from your checking account.

Give us a call if you would like more information on this matter or any other matter pertaining to short sales and your options. We have fruitfully completed several hundred short sales over the previous couple years and we would value the opportunity to converse with you today.

If you have questions, get your Short Sale questions answered by Short Sale Specialists.

Watch this and more short sale videos by Kevin and Fred at My First Short Sale

Also, follow Group 46:10 on their blog at Pre Foreclosure - Foreclosure Short Sale Phoenix

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

Hello once more and welcome to our blog. We are Kevin Kauffman and Fred Weaver, Arizona Short Sale agents. Completing more than 300 short sale deals in the last couple years, we are simply the most successful short sale agents in the Phoenix locale.

One of the questions that we are asked often is "what makes us different from other agents? Do we have contacts within the lender?" A couple years ago, we wouldn't have said that our contacts within the lender were useful to us. Nonetheless, we have come to acknowledge that our contacts have saved a number of deals in the last couple years. Our contact with people within the banks have helped us postpone foreclosure sale dates and get deals approved.

If we require something urgently, we seem to be receiving some preferential treatment. Your short sale isn't going to automatically be approved five times sooner than others. Nonetheless, you can rest assured that our team has those critical contacts and we know how to apply them.

No matter which lender you are working with, Chase, Citi, Wells Fargo, B of A, or any other lender, we've worked with each of them. more than 100 banks have worked with us in some way, shape, or form. Each lender operates differently. And likewise, each lender has a somewhat different way of handling short sale packages. Nonetheless, with our knowledge completing more than 300 short sales in the last couple years, we are prepared for each situation.

We would consider it a priviledge to speak with you soon. We look forward to helping you make a decision regarding your house.

If you have questions, get your Short Sale questions answered by Short Sale Specialists.

Watch this and more short sale videos by Kevin and Fred at My First Short Sale

Also, follow Group 46:10 on their blog at Tempe - Arizona Short Sale Specialist

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

Hello and welcome to our website. We are Fred Weaver and Kevin Kauffman, Arizona's leading short sale specialists. We have completed hundreds of short sales and we would love for you to contact us to find out more.

We wanted to talk to you at the moment concerning what is going on in the short sale business now. Specifically, can foreclosure sale days be deferred and as a house owner when should you begin working with us in a short sale deal.

Recently, some of the investors do not want to push back foreclosure sale days as much as they have in the past. A year ago, if we were chatting, I would have told you that we can get your house on the market and receive an offer in 60 days allowing your foreclosure sale date to be deferred. To be really honest, that isn't occuring anymore.

If you are in a spot where you are 60 or less days from foreclosure, please call us. We aren't saying that your house is going to go to foreclosure. However, if you have not missed a payment yet or you are merely a payment or two behind, please contact us quickly. The sooner you act, the better off you will be. If we have more time, we have a greater likelihood to make a positive result for you.

You must make sure that you are working with a proficient group that has relations within the lender and can successfully close your short sale. The lenders do want to help you out, but you need to contact us sooner rather than later.

Thank you for joining us now. Please fill out the form here on our website so that we can be in contact with you soon. Have a wonderful day!

If you have questions, get your Short Sale questions answered by Short Sale Specialists.

Watch this and more short sale videos by Kevin and Fred at My First Short Sale

Also, follow Group 46:10 on their blog at Phoenix - Arizona Short Sale Specialist

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

Hello and welcome to the Group 4610 blog. We are Kevin Kauffman and Fred Weaver, Arizona Short Sale Agents. We have closed more than a few hundred short sale transactions since 2008. With a greater success rate and more practice than just about any other realtor in the Arizona Short Sale world, we are the best short sale realtors in the region.

We would like to speak about a delicate subject these days. Should you short sale your home? The strategic default, or as we refer to it, the business decision, is a very hot subject recently. You may be a home owner out there that is upside down on his mortgage. For illustration, you may owe $400,000 on your mortgage, but your home is only worth $200,000. You may be in a situation where you are getting ready to retire or you are preparing to relocate. Perhaps you have the ability to pay your mortgage, but you are doing this at the determent to your family. Essentially, you are throwing money at a terrible asset or investment.

We have had many people come to us and say 'What am i doing here? What should i do?' The short sale, foreclosure, or keep paying the mortgage are all options that home owners are taking into account. We won't tell you what you should do, but you should make the correct choice for you and your family. A lot of people think that they have a moral obligation to make their payments.

While that is a legitimate line of reasoning, there are some things in your mortgage contract that give you the right to stop making payments. Likewise, the bank has the right to foreclose or accept a short sale. You have to evaluate what is most important to you. If that means that you have to walk away from your home with a short sale, you should strongly ponder it.

There are a few things you should always keep in mind. This is a personal choice for you. Do not let anyone to tell you what is right or wrong. Your mortgage is a agreement that has options for you to mull over. Look at what your home is worth at the moment. How long will it take you to get your mortgage back to level? There are consequences to every alternative that you have. Make contact with us today and we can help you think about those consequences.

If you have questions, get your Short Sale questions answered by Short Sale Specialists.

Watch this and more short sale videos by Kevin and Fred at My First Short Sale

Also, follow Group 46:10 on their blog at Pre Foreclosure - Avoid Foreclosure Arizona

Welcome to Group 4610's blog. We are Kevin Kauffman and Fred Weaver, Arizona's Leading Short Sale team. We have completed hundreds of short sales over the past few years. Nevertheless, this video is not about us, it is about you!

One of the regular discussions we have with property owners is about missing payments. Many of these property owners are still current on their mortgage payment. Perhaps they have not yet experienced the cut in their income or they have not completely used up their entire savings account so far. They often want to know whether they ought to or ought to not miss payments.

Realize a few things about short sales. It is possible to close a short sale without missing payments. Nevertheless, with the regularity that short sales are being completed, the lenders aren't even allowing for a short sale until the property owner is missing payments. We suppose that the lenders have made that change since they do not want the property owner to take advantage of a short sale and still elude the harmful effects of missing payments. In addition, it is definitely a way for the lenders to keep short sale numbers down. There is not a single lender in the nation that has enough staff to deal with the short sale packages they already have.

We are never going to tell you to make or miss your payment. Nevertheless, we can tell you that the lender will want to observe you miss some payments before they resolve to even look at your short sale. Most of our customers are okay with the credit hit and knowing that they can get back into a property in a few years. We will discuss the decisions that are in front of property owners in a future episode.

Fill out the document on our website so a member of our team can have a short discussion with you. Thank you for joining us today. We will speak with you again shortly.

If you have questions, get your Short Sale questions answered by Short Sale Specialists.

Watch this and more short sale videos by Kevin and Fred at My First Short Sale

Also, follow Group 46:10 on their blog at Avondale - Short Sale Arizona

We are Group 4610, Arizona's Premier short sale team. Short Sales in Arizona are our concern. We frequently get questioned about why we are the best short sale agents in Arizona. Basically, what seperates us from other agents in this Arizona short sale market?

I had a recent situation where a pal was going through a short sale and wanted a little counsel as to what to do with a short sale at Bank of America. I coached her a little bit and gave her some ideas to pass on to her short sale agent. Basically, if you are having troubles escalate to someone higher up at the lender.

After getting off the phone with her, something dawned on me. I should have told her something different. It's not about what we do. Don't get me wrong. We have fantastic techniques and we have great associations inside the lender. When we ask for something, they are conscious of who we are and they respond to us. This occurs because they know that we close short sales. We aren't there to squander anybody's time.

Basically, our accomplishment is a unequivocal product of our mindset. Short sales are tricky transactions. They are not like the conventional real estate transactions. Finding solutions to problems, no matter the situation, is what we do best. Our deepest committment is our aim and, in turn, your consequence.

If you choose to work with us, know that when you enter into a relationship with us we take that extremely seriously. Our deepest committment is to get your short sale done successfully. We have a mindset that we are going to get the transaction done and help you avoid foreclosure. There are troubles that arise in this procedure all the time. Yet, we choose to conquer those troubles.

If you have questions, get them answered here Fountain Hills - Short Sale Realtors

We are revisiting a topic that we discussed a month ago regarding BPO disputes and we implied that the market may transform a bit regarding BPOs. Ultimately, we thought that the number of active listings was going to go up and that sales were going to diminish. We coupled all of this speculation into the thought that BPOs were going to get messed up in this development.

Specifically, the BPO challenges are emerging from the bank valueing your house higher than it is truly worth. When you have had a property on the market for quite a few months and had no showings, you realize that the property is worth less but the bank does not always realize that.

This seems to be happening more frequently now. So, some of the tips that we have given are to work intensely to back your BPO disputes to the bank. Use sold comps and active REO listings to do this. Take a glance at tax records to obtain this information. As we all recognize, the price of the active listings tells us where the market is going. If the price of homes on the active market are low, the market is going down.

The trouble is that it takes a while for the lenders to catch up to this alteration in the market. In order to help you contest BPO values with the bank, we have another instrument that you ought to contemplate.

There is a company out there that lots of of you are familiar with and the lenders are familiar with it as well, namely, Lender Processing Services. LPS does lots of things but they have a instrument that we, as agents can truly use. Here's how it works.

Sign up for an account with LPS and then you have the permission to pull REO market analysis information. That is a report that is resulting from tax information. It provides many precious pieces of information. This REO market analysis can give you a report that states what the AVM value is and what the REO value is.

The reason we love this report is because it is done by a third party. In effect, you can not influence it and we think that it holds much more weight with the bank. We have had great success using it over the last few months. This is a beneficial instrument. We highly recommend that you sign up for it now.

If you have questions, get your Short Sale questions answered by Short Sale Specialists.

Watch this and more short sale videos by Kevin and Fred at Short Sale Power Hour

Also, follow Group 46:10 on their blog at Maricopa - Short Sale Arizona

A vastly critical subject that has come up in the last couple weeks is our focus today. We've seen this crisis pop up over the last couple weeks and we want you to be able to avoid it.

Make sure that the lender you are dealing with on a short sale is not the lender where the home owner has a checking account. We have now had many people over the course of the previous couple weeks that have approached us on this issue. Both active clients and soon to be clients have been telling us that the have missed payments and the lender has taken the money out of their account without their permission.

We believe that the note you signed for the mortgage is only secured to the property. It is not secured to the checking account. Yet, we believe that the banks have revised or applied their checking account terms of service to get their money. Essentially, they are saying that if you are deliquent on other accounts they can obtain the money from one account to apply it to another account. They are thieving it without any authorization.

We do not know if this is appropriate or criminal, but it is happening. So, there is a route around this. Ask your home owner up front where their checking and savings accounts are presently held. Make sure that if they are not held in the lender that you will be doing a short sale with. Without delay have them close those accounts and get the money out. It is exceedingly critical that you know this as short sale agents and that you share this information with your clients.

Get the word out to other agents and your clients. Don't let this become a dilemma for the people that you are attempting to aid through the short sale process. Also, please comment below if you have seen this happen previously. Let us know what banks are utilizing this approach.

One extra thing to note, we will be in Las Vegas on August 25th with our Crush It short sales seminar. So, obtain your ticket today!

If you have questions, get your Short Sale questions answered by Short Sale Specialists.

Watch this and more short sale videos by Kevin and Fred at Short Sale Power Hour

Also, follow Group 46:10 on their blog at What Is A Short Sale - Foreclosure Short Sale Phoenix

Another extraordinary guest graces the pages of Short Sale Power Hour. Derek Gilbert runs a business in the Phoenix locale as well as in Colorado. Derek has been with Keller Williams for about six years at the moment. Last year, Derek and his family relocated to Colorado and joined Keller Williams doing REO and Short sale in both Arizona and Colorado.

Derek has been doing REO for a bit now, but he jumped into short sales for a number of reasons. Firstly, you can organize your business much better with short sales than with REOs. There is a higher profitability in short sales that comes with that control. The regular commission on REOs for Derek has only been roughly 1.5-2% with all of the overhead involved. Nonetheless, Derek enjoys making more funds earning 3% with short sales.

Derek is a go getter. He can complete any transaction and has proven that over his time as a short sale specialist. There are so many unique resources that you can use to fight your way through a short sale. Lots of lenders will tell you that their guidelines is to not pay full commission to real estate agents. Nonetheless, those rules can always be adjusted.

For example, many lenders will try to cut the commission if the realtors are from the same broker. Remember that the lenders are not in the real estate industry. So, they do not necessarily realize the real estate industry. You, as an agent, need to help them realize the real estate industry now and then to get the commission that you deserve.

With REOs, the lender will always shell out six percent. They will shell out for a multitude of fees with an REO. So, why would you as an agent permit them to pay a discounted commission with a short sale. Bear in mind that they can attempt to lower your commission by one percent or they can incur an extra 10-12% from taking a home to foreclosure.

Don't permit the bank to cut your commission. Escalate up the chain of authority if you need to. Now and again you have to help the lender realize the real estate trade and the banking industry.

If you have questions, get your Short Sale questions answered by Short Sale Specialists.

Watch this and more short sale videos by Kevin and Fred at Short Sale Power Hour

Also, follow Group 46:10 on their blog at Peoria - Avoid Foreclosure Arizona

We have brought a very famous man back to Short Sale Power Hour. Rick Geha has joined us yet again today. For persons who don't know him, Rick had the privilege of being on SSPH in February. Rick has been in real estate for more than 30 years now. Rick is a national speaker for Keller Williams. He is a master faculty member who travels all over the nation. He has six Keller Williams offices.

Rick believes that the biggest part regarding lead generation is frame of mind. What is keeping you from lead generating? Each realtor understands that creating some sort of lead generation activity every day will get you results. Yet, there is such a big gap between the people that identify this and the people that execute this. That action, moving from what you understand to actually doing it, starts in your head.

It frustrates Rick since he has been seen the outcome of not doing lead generation frequently. Rick learned some interesting things. Initially, working on you becoming a better human being is the best way to assist your business. Surround yourself in life with people that see you as bigger than you see yourself. Encircle yourself with people who will challenge you to be better than you already are.

Lead generation comes from you being so devoted to what you want in life that nobody will stop you. Are you ready to do what it takes? Rick is constantly reminded regarding how thrilling life can be if you are willing to do the tedious fundamentals and do things that are difficult.

When your whole life is spent making sure that the group around you are taken care of, with no regard to what they will give you back, you will be a lead generation machine. If you enjoyed today's installment with Rick, post a note below this and let him know that he should start a daily video blog of his own.

If you have questions, get your Short Sale questions answered by Short Sale Specialists.

Watch this and more short sale videos by Kevin and Fred at Short Sale Power Hour

Also, follow Group 46:10 on their blog at Tempe - Foreclosure Short Sale Phoenix