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

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

Hi, my name is Kevin Kauffman, I am with Keller Williams and Group 46:10, considered one of Scottsdale’s main real estate groups specializing in short sales. I’m right here to talk to you right now about Desert Schools Federal Credit Union. I get about 2 or three calls every week from folks similar to yourself who’ve been doing analysis on Desert Schools Federal Credit Union and whether or not or not they can do a short sale with them. I got to inform you, Desert Schools has been tough to work with. Through the years we’ve got worked with them so many occasions that we have now been in a position to build some relationships there and perceive their process so we are able to better serve our clients and their members.

Many individuals come to us because they’ve heard that it’s tough to work with Desert Schools Federal Credit Union and you realize what, that could be true for many people. I imagine that we perceive their process now and we all know how one can best set up our clients for success in a short sale with Desert Schools Federal Credit Union.

So, if that’s you and you have got a mortgage with Desert Schools Federal Credit Union, and also you wish to talk to somebody who has got the experience, then give us a call. We have dealt with them multiple times and we’re sure that we are able to help you. We have an nearly ninety% success rate, we’ve closed over 500 short sales now in the last four years. Once more, I’m with Group 46:10, Scottsdale’s leading short sale teams. Give us a call. You may reach us at 480-449-6642 or just fill out a form here on the web site at Group4610shortsale.com. We’ll speak 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.

How Does a Real Estate Short Sale Work?

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

A real estate short sale involves getting a mortgage note holder on a piece of real estate agreeing to take less than the loan value as payment for releasing any claim on a property. Theoretically, a short sale could take place anytime, but in reality, it only occurs when a bank is losing money on a loan.

I once tried to do a short sale on a house that had 3 loans. The homeowner was in default on the first and second notes, but for some reason was paying the third lien holder on time every month. Even though the first lien holder was foreclosing, the bank holding the third position would not agree to a short sale. Somehow the banks internal rules procedures prevented them from acting on a short sale offer, even though they eventually lost 100% of their loan balance.

Once you have found an owner in default, you will have to get authorization from the owner to negotiate with the bank. In order to negotiate a real estate short sale you will need to find a phone number of the loss mitigation department of the bank. This often involves several phone calls, so don’t get discouraged. A specific person is usually assigned to each property and this is the person who can tell you what information is required for the short sale foreclosure process.

Once the loss mitigation contact has given you a list of information needed, you will have to return to the homeowner and start collecting the paperwork needed,. This can be a delicate process as much personal information is needed, such as:

W-2’s

bank statements

financial statements

In addition, you will need the homeowner to write a hardship letter to explain why they are behind in their mortgage payments.

Once you have collected all the information needed, fax the documents to the attention of the loss mitigation officer. Sometimes, you will have to do this more than once.

Then the waiting game starts. Banks are notoriously slow at acting on your purchase sale offer. They will likely request a BPO (brokers price opinion) and you will need the homeowners cooperation to gain access to the house.

After weeks of deliberation the bank may make a counter offer. Sometimes they are stubborn and think the property is worth more than you offered. If you have pictures of the house (inside and outside) detailing problems, you can sometimes negotiate a lower price.

Like any other offer you make, if the bank won’t accept it and you can’t negotiate a reasonable price, walk away.

To understand all the details of how to create a real estate short sale offer visit

Short Sale Foreclosure

The author, Paul, is an active investor that has purchased over 30 rental properties. His investment ideas are at: http://www.investing-in-rental-property.com

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

Can Bankruptcy Stop Foreclosure? In-Depth Answers That Can REALLY Help You to Save Your Home

Posted by webmaster on Jan 26, 2012 in Foreclosure | 0 comments

I know how hard it might be for you at this point of your life, but it’s not difficult as many think to stop foreclosure. It’s mostly about having access to the right information at the right time. I know that you might have been told lots of tales about what to do and how to go about stopping the process, but this article shows you simple ways that will surely prove helpful in saving your home.

The answer is of course – YES, declaring bankruptcy can indeed stop foreclosure. People may want to think of it as some kind of impoverishment to declare that they are bankrupt, but really, who cares? The fact remains that you no longer have the funds or means to pay what you owe on the mortgage. There’s no point to keep kidding yourself or lying to yourself.

If you don’t want to do this, then think of what I am about to say – it is only a question of time before the foreclosure papers get served, and then you will bite your nails wondering how you could have been so slow on the uptake.

So what, you are going to have to take some credit counseling classes in the process? That isn’t a lot to ask for if it stops you from being thrown out on your behind. In any case, the counseling will open you to other options that you may want to pay particular attention to. If you like them, you can go ahead with them too.

For info on Foreclosure Need Refinance Modify Account or Government Programs to Stop Foreclosure

In any or both of the immediate clickable links above you will learn TOP SECRET tips that only a privileged few know on not only exactly how to stop foreclosure with refinance, but how to get government programs in stopping foreclosure. You will also learn how foreclosure can be easily stopped. Go ahead and click any of the above links to learn insider secrets that lots of people with foreclosure problem need… but most don’t know about.

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

Are You Concerned About Tax Ramifications In Doing A Short Sale?

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

Hello, I’m Kevin Kauffman. I’m part of Group 46:10, one of the country’s top short sale and real estate groups located right here in Scottsdale. Are you having trouble making your mortgage payments or are tired of being underwater on your mortgage? We at Group 46:10 can provide you with various alternatives to alleviate some of these problems. As one of the premiere short sale businesses in the country, we have closed over 500 short sales in the prior 4 years and have a completion rate of over 90%.

I’m here today to talk to you a little bit about 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 concerned about the taxes they will have to pay after the sale. Maybe you have heard from other people that have done short sales that there were some tax liabilities and wish to find out more.

The Mortgage Debt Relief Forgiveness Act, which ends at the end of this year, allows homeowners, such as yourself, to not pay taxes on the forgiven amount if the house is their primary residence and the selling price is less than $2.5million. If you’re thinking about short selling your property, you need to act quickly because the transaction has to be finalized by the end of the year 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 do not qualify for this act, don’t let that keep you from short selling your propety. We have a few different ways to avoid paying taxes as well. A qualified short sale expert, 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.