Maricopa, Arizona Short Sale

Archive for the ‘Short Sale’ Category

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

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

If we need something urgently, we seem to be receiving some special treatment. Your short sale is not going to automatically be approved five times sooner than others. Still, you can rest assured that our team has those key contacts and we know how to apply them.

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

We would consider it an honor to speak with you soon. We look forward to helping you make a decision about your home.

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 Gilbert - 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 and welcome to our blog. We are Fred Weaver and Kevin Kauffman, Arizona's leading short sale realtors. We have closed hundreds of short sales and we would like for you to make contact with us to find out more.

We wanted to talk to you at the moment regarding what is going on in the short sale industry now. In particular, can foreclosure sale days be deferred and as a home owner when should you start working with us in a short sale deal.

Recently, some of the investors don't want to put off foreclosure sale days as much as they have in the past. A year ago, if we were talking, I would have informed you that we could get your home on the market and receive an offer in 60 days allowing your foreclosure sale date to be deferred. To be really honest, that is not occuring any longer.

If you are in a position where you are 60 or fewer days from foreclosure, please contact us. We are not saying that your home is going to go to foreclosure. Yet, if you haven't missed a payment yet or you are only a payment or two behind, please make contact with us soon. The sooner you act, the better off you will be. If we have more time, we have a greater probability to make a positive conclusion for you.

You should make sure that you are dealing with a proficient group that has relations within the bank and can effectively close your short sale. The banks do want to help you out, but you have to make contact with us sooner rather than later.

Thank you for joining us at the moment. Please fill out the form here on our website so that we can be in contact with you soon. Have a magnificent 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 Pre Foreclosure - Avoid Foreclosure Arizona

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

Hello and welcome to the Group 4610 blog. We are Kevin Kauffman and Fred Weaver, Arizona Short Sale Specialists. We have completed more than a few hundred short sale transactions since 2008. With a greater success rate and more familiarity than nearly any other agent in the Arizona Short Sale world, we are the best short sale realtors in the state.

We would like to speak about a delicate matter these days. Should you short sale your residence? The strategic default, or as we refer to it, the business decision, is a extremely hot matter lately. You may be a residence owner out there that is upside down on his mortgage. For illustration, you may owe $400,000 on your mortgage, but your residence is only valued at $200,000. You might be in a place where you are getting ready to stop working or you are preparing to relocate. Possibly 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 a lot 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 options that residence owners are taking into consideration. We will not tell you what you should do, but you should make the correct decision for you and your household. Many people believe that they have a ethical responsibility to make their payments.

While that is a valid point, there are some things in your mortgage agreement that give you the justification to stop making payments. Also, 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 residence with a short sale, you should strongly think about it.

There are a few things you should always remember. This is a individual decision for you. Do not permit anybody to tell you what is right or wrong. Your mortgage is a agreement that has options for you to consider. Look at what your residence is worth at the moment. How long will it take you to get your mortgage back to even? There are consequences to each choice that you have. Get in touch with us today and we can help you mull over 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 Chandler - Avoid Foreclosure Arizona

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

Welcome to Group 4610's blog. We are Kevin Kauffman and Fred Weaver, Arizona's Leading Short Sale group. We have closed hundreds of short sales over the past couple years. Nevertheless, this video isn't about us, it's about you!

One of the common 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 reduction in their salary or they have not totally depleted their whole savings account yet. They often want to know whether they ought to or ought to not miss payments.

Realize a couple things about short sales. It is possible to complete 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 believe that the lenders have made that change because they don't want the property owner to take advantage of a short sale and still avoid the harmful effects of missing payments. Also, it is definitely a way for the lenders to keep short sale numbers down. There isn't a single bank in the country that has enough staff to handle the short sale packages they already have.

We are never going to inform you to make or miss your payment. Nevertheless, we can tell you that the bank will want to see you miss some payments before they decide 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 couple years. We will talk about the decisions that are in front of property owners in a future episode.

Fill out the form on our website so a member of our group can have a brief talk with you. Thank you for joining us today. We will speak with you again soon.

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 - Arizona Short Sale Specialist

We are Group 4610, Arizona's Premier short sale group. Short Sales in Arizona are our thing. We frequently get questioned about why we are the best short sale realtors in Arizona. Essentially, 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 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 thoughts to pass on to her short sale agent. Essentially, if you are having problems escalate to somebody higher up at the lender.

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

Essentially, our achievement is a direct result of our mindset. Short sales are complex transactions. They are not like the customary real estate transactions. Finding answers to problems, no matter the conditions, is what we do best. Our deepest committment is our goal and, in turn, your outcome.

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 completed effectively. We have a mindset that we are going to get the agreement completed 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 Queen Creek - Short Sale Company

We are revisiting a subject matter that we talked about a month ago regarding BPO disputes and we hinted that the market might transform a bit regarding BPOs. Basically, we thought that the number of current listings was going to go up and that sales were going to weaken. We united all of this theory into the thought that BPOs were going to get messed up in this process.

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

This seems to be occuring more frequently now. So, a few of the tips that we have given are to work relentlessly to support your BPO disputes to the lender. Use sold comps and current REO listings to do this. Take a peek at tax records to obtain this information. As we all recognize, the price of the current listings tells us where the market is going. If the price of houses on the current market are low, the market is going downward.

The difficulty is that it takes a while for the lenders to catch up to this alteration in the market. In order to help you fight BPO values with the lender, we have one more device that you ought to think about.

There is a company out there that lots of of you are familiar with and the lenders are familiar with it also, namely, Lender Processing Services. LPS does a lot of stuff but they have a device 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 resulting from tax statistics. 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. Essentially, you can not manipulate it and we think that it holds much more weight with the lender. We have had great success utilizing it over the last couple months. This is a valuable device. 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 Glendale - Arizona Short Sale Specialist

A fantastically vital subject that has come up in the last couple weeks is our focal point today. We've seen this predicament pop up over the last couple weeks and we want you to be able to evade it.

Make certain that the lender you are working with on a short sale is not the lender where the property 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 matter. Both present customers and soon to be customers have been telling us that the have missed payments and the lender has taken the cash out of their savings account without their consent.

We assume that the note you signed for the mortgage is only secured to the home. It is not secured to the checking account. Nevertheless, we assume that the lenders have revised or applied their checking account terms of service to get 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 thieving it without any consent.

We don't know if this is respectable or criminal, but it is happening. So, there is a road around this. Ask your property owner up front where their checking and savings accounts are currently held. Make certain 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 cash out. It is awfully vital that you know this as short sale agents and that you share this information with your customers.

Get the word out to other realtors and your customers. Don't let this become a predicament for the people that you are trying to aid through the short sale procedure. Also, please comment below if you have seen this take place previously. Let us know what lenders are using this method.

One more thing to note, we will be in Las Vegas on August 25th with our Crush It short sales lecture. So, get 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 Chandler - Foreclosure Short Sale Phoenix

Another elite 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 moved 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 run your company much better with short sales than with REOs. There is a superior profitability in short sales that comes with that control. The average commission on REOs for Derek has only been approximately 1.5-2% with all of the overhead involved. Still, Derek enjoys making more cash earning 3% with short sales.

Derek is a go getter. He can close any transaction and has demonstrated that over his time as a short sale agent. There are so many distinctive resources that you can use to fight your way through a short sale. Lots of lenders will tell you that their policy is to not pay full commission to real estate agents. Still, those policies can always be adjusted.

For illustration, many lenders will try to chop the commission if the realtors are from the same broker. Bear in mind that the lenders are not in the real estate trade. So, they don't necessarily realize the real estate industry. You, as an agent, need to help them realize the real estate trade sometimes to get the commission that you merit.

With REOs, the lender will always pay six percent. They will pay 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. Remember that they can try to lower your commission by one percent or they can incur an additional 10-12% from taking a property to foreclosure.

Do not permit the bank to chop your commission. Escalate up the chain of command if you need to. From time to time 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 Phoenix - Short Sale Arizona

We have brought a very famous man back to Short Sale Power Hour. Rick Geha has joined us once more today. For folks who do not know him, Rick had the honor of being on SSPH in February. Rick has been in real estate for greater than 30 years now. Rick is a nationwide speaker for Keller Williams. He is a master faculty member who goes all over the nation. He has six Keller Williams offices.

Rick believes that the main part on lead generation is mindset. What is keeping you from lead generating? Each realtor knows that creating some sort of lead generation activity each day will get you results. However, there is such a large gap between the people that identify this and the people that carry out this. That action, moving from what you recognize to actually doing it, starts in your head.

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

Lead generation comes from you being so committed to what you want in life that nothing will impede you. Are you ready to do what it takes? Rick is constantly reminded on how exciting life can be if you are willing to do the boring fundamentals and do things that are difficult.

When your total life is spent making sure that the people around you are taken care of, with no regard to what they will give you back, you will be a lead generation system. If you enjoyed today's installment with Rick, post a remark below this and let him know that he ought to begin 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 Short Sale - Arizona Short Sale Specialist

Let us get the announcements out of the way to begin with. Friday, August 13th is the day for Kevin and Fred's Crush It Short Sales session. The cost goes up to $99 after midnight August 10th. So, get signed up today. In addition, please bear in mind that we wish for you to shoot your own Short Sale Power Hour video. We wish for you to reveal one of your most horrendous, yet overcoming short sale tales. Put it into a shoot that is fewer than ten minutes. Post it on YouTube and submit it to us.

At once we are on to further topics, to be exact, FreddieMac. The conversations that Kevin has been having with FreddieMac recently have been absurd. They have requested a $30,000 promissory note from one of our clients. The difficulty is that the house owner has a genuine hardship. The loan is a purchased money loan and the proposal is for more than what they believe the house is worth. In addition, they are the only lien holder and the PMI company by now signed off on the contract without asking for a promissory note.

This owner has a genuine hardship. He is in the education field and had to relocate forty miles away to rent a new house while they couldn't sell their old house. So, they have been making payments on two homes for a few years now. There is no better example of an actual hardship. The house owner has been advised by his attorney that he must walk away from the house and let it go to foreclosure if he can not short sale the house.

FreddieMac has asked for 1.8 billion dollars in aid from the government because they continue to run their company into the ground. If FreddieMac turns this short sale down, Kevin and Fred may have to go to the Mortgage Insurance business that is insuring the house right now. It will cost the MI business a lot more money if the house goes to foreclosure.

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 Foreclosure Help - Avoid Foreclosure Arizona