Apache Junction, Arizona Short Sale

Archive for the ‘Short Sale’ Category

Welcome back and thanks for visiting us today on our blog. This entire blog is dedicated to the house owner who is exploring the choices on what you would like to do with your house. Whether you are in a situation where you can no longer pay for it or are simply no longer want to owe as much as you do against your house and want to tactically default, this blog is for you. We hope that you discover a lot of great content here on our blog.

Today we want to center on a subject that has become awfully crucial in the last couple months. It deals with your funds and the funds that you have in your bank account. There are banks out there that are going into house owner bank accounts and taking funds to fulfill deliquencies on their mortgage.

Please realize that the mortgage you took out on your house is secured against your home and your home only. The exclusion to that rule is with the bank accounts that are with the same lender that has your mortgage. For example, if you have a checking account with Chase and your mortgage is additionally with Chase, Chase can take funds from your checking account to compensate your mortgage.

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

Because of the checking and savings account agreements they have with you, they preserve the right to take funds from your bank account.

Give us a call if you would like more details on this matter or any other matter pertaining to short sales and your choices. We have productively completed several hundred short sales over the previous couple years and we would be grateful for 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 Mesa – Mortgage Short Sale Arizona

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

Hello again and welcome to our website. We are Kevin Kauffman and Fred Weaver, Arizona Short Sale agents. Closing more than 300 short sale transactions in the last couple years, we are simply the most successful short sale agents in the Tempe locale.

One of the questions that we are asked frequently is “what makes us different from other realtors? Do we have links inside the lender?” A couple years ago, we would not have said that our links within the lender were valuable to us. Yet, we have come to understand that our links have saved a number of transactions in the last couple years. Our relations with people inside the banks have helped us push back foreclosure sale dates and get transactions accepted.

If we require something urgently, we seem to be receiving some privileged treatment. Your short sale is not going to automatically be accepted five times faster than others. Yet, you can rest assured that our team has those key links 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 in a different way. And likewise, each lender has a somewhat different way of managing short sale folders. Yet, with our practice completing more than 300 short sales in the last couple years, we are equipped for each situation.

We would consider it an honor to talk with you soon. We look forward to helping you make a decision regarding your property.

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 – Mortgage Short Sale Arizona

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 premier short sale realtors. We have completed hundreds of short sales and we would like for you to make contact with us to learn more.

We wanted to talk to you at present concerning what is going on in the short sale business today. Specifically, can foreclosure sale dates be deferred and as a property owner when should you start working with us in a short sale agreement.

Recently, some of the investors do not want to postpone foreclosure sale dates as much as they have in the past. A year ago, if we were talking, I would have informed you that we can get your property on the market and acquire an offer in 60 days allowing your foreclosure sale date to be deferred. To be very honest, that is not happening any longer.

If you are in a spot where you are 60 or less days from foreclosure, please get in touch with us. We aren’t saying that your property is going to go to foreclosure. Nevertheless, if you have not missed a payment yet or you are merely a payment or two behind, please make contact with us shortly. The quicker you act, the better off you will be. If we have more time, we have a better probability to make a positive result for you.

You must make certain that you are working with a skilled team that has relations within the bank and can effectively close your short sale. The lenders do want to help you out, but you have to make contact with us sooner rather than later.

Thank you for joining us today. Please fill out the form here on our blog so that we can be in contact with you soon. Have a terrific 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 Tempe – Mortgage Short Sale Arizona

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 Realtors. We have closed more than a couple hundred short sale transactions since 2008. With a higher success rate and more familiarity than just about any other agent in the Arizona Short Sale world, we are the premier short sale realtors in the district.

We would like to chat about a sensitive subject these days. Should you short sale your property? The strategic default, or as we refer to it, the business decision, is a awfully hot subject lately. You may be a property owner out there that is upside down on his mortgage. For example, you may owe $400,000 on your mortgage, but your property is only valued at $200,000. You may be in a situation where you are getting ready to stop working or you are preparing to move. Maybe you have the capacity to pay your mortgage, but you are doing this at the determent to your household. Essentially, you are throwing money at a bad asset or investment.

We have had lots of 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 choices that property owners are taking into consideration. We won’t tell you what you ought to do, but you ought to make the correct decision for you and your household. Lots of people think that they have a moral responsibility to make their payments.

While that is a legitimate point, there are some things in your mortgage agreement that give you the justification to stop making payments. Likewise, the bank has the right to foreclose or allow a short sale. You need to evaluate what is most important to you. If that means that you need to walk away from your property with a short sale, you ought to strongly ponder it.

There are a couple things you should always keep in mind. This is a private decision for you. Do not allow anyone to tell you what is right or wrong. Your mortgage is a agreement that has choices for you to contemplate. Look at what your property is worth today. How long will it take you to get your mortgage back to level? There are consequences to every choice that you have. Contact 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 Queen Creek – Foreclosure Short Sale Phoenix

Welcome to Group 4610’s blog. We are Kevin Kauffman and Fred Weaver, Arizona’s Premier Short Sale team. We have completed hundreds of short sales over the past few years. Yet, this video isn’t 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 even now current on their mortgage payment. Maybe they have not yet experienced the decrease in their salary or they have not entirely spent 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 feasible to complete a short sale without missing payments. Yet, with the regularity that short sales are being done, the banks aren’t even considering a short sale until the property owner is missing payments. We think that the banks have made that change because they do not want the property owner to take benefit of a short sale and still dodge the harmful effects of missing payments. Also, it is definitely a way for the banks to keep short sale numbers down. There isn’t a single bank in the country that has enough employees to deal with the short sale folders they already have.

We are never going to tell you to make or miss your payment. Yet, we can tell you that the bank will want to observe you miss some payments before they resolve to even look at your short sale. Most of our clients are okay with the credit damage and knowing that they can get back into a property in a few years. We will talk about the decisions that are facing property owners in a future episode.

Fill out the document on our website so a member of our team can have a brief consultation with you. Thank you for joining us now. 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 Paradise Valley – Arizona Short Sale Specialist

We are Group 4610, Arizona’s Best short sale group. Short Sales in Arizona are our concern. We repeatedly get questioned about why we are the best short sale realtors in Arizona. Basically, what seperates us from other realtors in this Arizona short sale market?

I had a recent situation where a buddy was going through a short sale and wanted some advice 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 problems 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. Do not get me wrong. We have wonderful strategies and we have great relations inside the lender. When we ask for something, they are aware of who we are and they react to us. This occurs because they recognize that we complete short sales. We aren’t there to squander anybody’s time.

Basically, our accomplishment is a direct result of our mindset. Short sales are complicated transactions. They are not like the traditional real estate transactions. Finding solutions to problems, no matter the circumstances, is what we do best. Our deepest committment is our aim and, in turn, your consequence.

If you decide to work with us, know that when you enter into a relationship with us we take that incredibly seriously. Our deepest committment is to get your short sale done successfully. We have a mindset that we are going to get the deal done and help you steer clear of foreclosure. There are problems that arise in this process all the time. Nonetheless, we choose to overcome those problems.

If you have questions, get them answered here Chandler – Short Sale Experts

We are revisiting a subject that we discussed a month ago regarding BPO disputes and we implied that the market may change a bit regarding BPOs. Ultimately, we believed that the number of current listings was going to go up and that sales were going to shrink. We united all of this theory into the thought that BPOs were going to get messed up in this progression.

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

This seems to be happening more frequently now. So, some of the tips that we have given are to work intensely to assist your BPO disputes to the lender. Use sold comps and current REO listings to do this. Take a peek at tax records to get this information. As we all know, the price of the current listings tells us where the market is going. If the price of properties on the current market are low, the market is going down.

The problem is that it takes a little for the banks to catch up to this modification in the market. In order to help you contest BPO values with the lender, we have an additional tool that you ought to mull over.

There is a company out there that a lot of of you are familiar with and the banks are familiar with it also, specifically, Lender Processing Services. LPS does a lot of stuff but they have a tool that we, as realtors can actually use. Here’s how it works.

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

The reason we like this report is because it is done by a third party. In effect, you can not influence it and we believe that it holds much more weight with the lender. We have had huge success using it over the last couple months. This is a helpful tool. We greatly suggest 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 Scottsdale – Mortgage Short Sale Arizona

A vastly crucial issue that has come up in the last few weeks is our focus today. We’ve seen this quandary pop up over the last few weeks and we want you to be able to get around it.

Make certain that the bank you are dealing with on a short sale is not the bank where the property owner has a checking account. We have now had multiple people over the course of the last few weeks that have approached us on this matter. Both active clients and soon to be clients have been telling us that the have missed payments and the bank has taken the cash out of their bank account without their consent.

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

We don’t know if this is respectable or wrong, but it is happening. So, there is a route around this. Ask your property owner up front where their checking and savings accounts are presently held. Make certain that if they are not held in the bank that you will be doing a short sale with. Without delay have them close down those accounts and get the cash out. It is extremely vital that you know this as short sale realtors and that you share this information with your clients.

Get the word out to other realtors and your clients. Do not let this become a difficulty for the people that you are attempting to assist through the short sale procedure. Also, please remark below if you have seen this occur already. Let us know what lenders are utilizing this tactic.

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 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 Arizona Short Sale Specialist

Another unique guest graces the pages of Short Sale Power Hour. Derek Gilbert runs a business in the Phoenix vicinity 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 time now, but he jumped into short sales for a number of reasons. First, you can organize your business much better with short sales than with REOs. There is a elevated profitability in short sales that comes with that control. The average commission on REOs for Derek has only been about 1.5-2% with all of the overhead involved. Nevertheless, Derek enjoys making more money earning 3% with short sales.

Derek is a go getter. He can complete any deal and has proven that over his time as a short sale agent. There are so many diverse 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. Nevertheless, those rules can always be adjusted.

For example, many lenders will try to slash the commission if the agents 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 recognize the real estate industry sometimes to get the commission that you warrant.

With REOs, the lender will always disburse six percent. They will disburse for a multitude of fees with an REO. So, why would you as an agent let them to pay a discounted commission with a short sale. Remember that they can attempt to reduce your commission by one percent or they can incur an additional 10-12% from taking a home to foreclosure.

Don’t let the bank to slash 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 industry 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 Maricopa – Arizona Short Sale Specialist