Maricopa, Arizona Short Sale

LOSS MITIGATION Part 2 The Best Way To Avoid Foreclosure

webmaster — Thu, 09 Sep 2010 06:01:22 +0000

With the abundance of horror stories surrounding Loss Mitigation Departments in Phoenix, Arizona and their inability to keep up with an insane number of requests from defaulting customers, there has to be another way of loss mitigation that can avoid the lender completely.
We truly have an option for loss mitigation that can lead you aware from those horror stories and to a place that will, in the end, result in a better outcome to your current financial situation.
*** Editor's note: It is important that your banks loss mitigation Department knows about your financial troubles. We are not suggesting through the process described below that you stop speaking to your bank or lender. We are merely suggesting that you find a way to avoid foreclosure by means of another process. The bank and its loss mitigation department will still be involved. However, through the process below, you can remove much of the work from their already full plates.
One of the most successful means of loss mitigation in Phoenix, AZ in recent months has been the short sale of your home. With the help of a real estate agent familiar with the short sale process, the loss mitigation department can play a smaller, but still important role in getting you out of your current mortgage problems.
With the short sale as a means of loss mitigation, a real estate expert will help you avoid foreclosure and he or she will help the bank trim their losses, which is exactly what the loss mitigation department does.
Short sales as a means of loss mitigation are prevalent with home owners that find themselves in the following situations...
-unable to pay their mortgage for a variety of reasons, most commonly loss of job or higher payments because of Adjustable Rate Mortgages
-home owners in upside down mortgages
How does a short sale work?
-you, as the home owner in search of loss mitigation, find a real estate expert to help you with the short sale of your home
-the real estate expert lists your home on the market and finds a buyer that will probably make an offer that is not enough to pay off the mortgage (Bear in mind that you are not searching for a low offer, but with falling home values, it is almost a certainty that the offer will be less than the payoff amount of the mortgage)
-the real estate expert and the home owner contact the loss mitigation department and notify them that they would like to execute the short sale of the home.
-the loss mitigation department, in an effort to cut their losses (which is what they are designed to do) will accept the lower offer as payment in full and forgive the remainder of the balance due on the mortgage.
The benefits of this process are too numerous to mention. It is strongly recommended that you look into this process with a qualified real estate expert that deals with short sales.
Loss mitigation help is in high demand during these trying times. Lenders have departments to handle loss mitigation, but they are overwhelmed. We strongly suggest that you contact a real estate expert regarding the short sale of your home today.

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

Find foreclosure help Before It’s Too Late

webmaster — Thu, 09 Sep 2010 04:27:30 +0000

In case you have been living in a cave (which would mean this article is irrelevant to you because you don't need foreclosure help), we thought you should know that the country is in a bit of financial turmoil. Millions of home owners are facing mortgage problems and thinking about how to get foreclosure help. Never before in history has the foreclosure rate in Phoenix, Arizona been so high. The current administration and congress have been rolling out programs everywhere you turn to help the economy recover. Indeed one of their focuses is on the housing market. They understand that many are searching for foreclosure help.
With banks receiving billions of dollars in bailout money, you would think that they could lend a hand to home owners looking for foreclosure help. However, to date, that has not happened.
If you are one of those unlucky home owners looking for foreclosure help, there are some options available to you. However, given the fact that you may be facing foreclosure, most of the options are not truly a way to find foreclosure help, but rather a way to deal with your impending foreclosure. Here are a few options to consider, as well as our personal opinion on the validity of using each option to get the foreclosure help that you need.
Bankruptcy - filing for bankruptcy in Phoenix, AZ is not really a positive way to get foreclosure help. Depending on the state that you live in, bankruptcy may not even be a possibility in avoiding foreclosure. However, it is an option, albeit the worst option. With bankruptcy (depending on the laws that differ in each state) you may be able to avoid foreclosure, but your credit will be ruined for a minimum of seven years.
Loan modification - With loan modification the chance at receiving foreclosure help is better than bankruptcy. However, the modification of your current mortgage is entirely up to the lender that you are working with. The lender can modify your loan to better fit your needs at their discretion. Since they are also struggling, they may not be inclined to change the terms of your loan as foreclosure could get them more money in the short term.
Short sale - The Short sale of your home is, WITHOUT a DOUBT, the best option available to someone looking for foreclosure help. To be clear, however, considering this foreclosure help is not entirely accurate as you need to start this process BEFORE the bank decides to foreclose on your property. With a short sale, you put your home on the market and find a buyer for it. Then, we you have an offer in hand, you can negotiate with the bank to take the offer even if the offer doesn't cover the entire value of the loan. The bank will often times accept this lower offer because they understand that they will not get nearly as much if they sell the home at foreclosure. They will also forgive the remainder of the loan to remedy the process.
There are not a great deal of options available to you if you are looking for foreclosure help. However, foreclosure help is available. We feel that your best option, and your only option if you want to come out of this hardship with as little damage as possible, is the short sale.

Short Sale Skill And Lender links Are Key

webmaster — Thu, 09 Sep 2010 03:06:26 +0000

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

Agents Experience Can Help Facilitate SHORT SALE

webmaster — Tue, 07 Sep 2010 18:06:52 +0000

It can be a challenge to buy or sell a home in Queen Creek, AZ. Many people find the process to be too long and drawn out and become frustrated. When a home owner uses a short sale to sell their home, the process can become even more challenging. If you have found yourself in financial trouble and need to short sale your home, find a real estate expert that can help you handle the short sale process. They will give you the opportunity to get a new lease on life and a better living situation.
One of the best resources for finding information regarding the short sale process is the internet. Often times, help is just a click away. Because the short sale process is becoming more popular, there are abundant resources to give you information about short sale of your home.
A real estate agent that has dealt with short sale homes in the past will help you through this difficult process. It is important to find an agent with experience in the short sale as the bank or lender you are working with will undoubtedly want to deal with someone who has "been there, done that."
A agent will give you some expert insight as to how the process works and what to expect at each step of the short sale. Because you may already be in dealing with the foreclosure of your home, it is important to act quickly to find an agent that can guide you through the short sale process.
The short sale in Queen Creek, Arizona is facilitated like this...
-home owner that wants to use a short sale finds a real estate agent to discuss the benefits of it and how it is used.
-real estate agent and home owner find a buyer for the property and take that offer to the bank
-with the offer, request that the loss mitigation department at your bank allow you to short sale your home.
-the bank can either approve of or deny the short sale, and if they approve, they can accept the offer as payment in full or require you to pay the difference between the offer price and the payoff amount of your mortgage.
Your real estate agent in the short sale process should be able to negotiate on your behalf to ensure that the bank accepts the short sale offer as payment in full. Then you will be free and clear of your debt.
These steps are not all inclusive and should not be taken as the concrete process of a short sale. It is always in your best interest to contact an industry expert regarding any major decision like this.
Bear in mind that you, as the home owner that wants to short sale your property, will have to prove to the bank that you are having a financial hardship.

Foreclosure Sale Dates And Home Owners

webmaster — Tue, 07 Sep 2010 16:02:35 +0000

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

Are Loan Mod Companies Good to Avoid Foreclosure?

webmaster — Tue, 07 Sep 2010 05:27:41 +0000

With all of the good and bad reports about Loan Modification, it can be difficult to determine if this could be the answer for you should you be facing the devastating possibility of foreclosure. The truth is that there are several legitimate loan modification companies that can often stop foreclosure proceedings immediately and give you the chance to wipe your delinquent mortgage slate clean and offering you a new and more affordable payment and an opportunity to keep your home.

In a Loan Modification you will need to prove information to the lender to show that you qualify for the modification. There are not too many qualifications, so you must meet all of them. First you must have received your mortgage prior to January 2008.You will also need to show your income. The loan amount can be modified to 31% of your income if it is currently in excess of 38%.

The most important of the qualifications you will need to provide is the Loan Mod letter you will need to write. This letter will need to explain several key points to the lenders you are requesting modification from. First you should explain without emotion what happened that put you behind financially. Next you must make them understand what you have done to ensure that should you be granted a modification loan, you will not find yourself in the same financial situation. Explain what you have learned in the experience and how you have overcome your obstacles. If you have gotten a better job, consolidated or paid of other expenses, whatever steps you have take to prove to the lender that you will maintain the mortgage payments once the loan is modified.

Do your research on Loan Modification companies and find the one that is right for your needs. A good lender can walk you through the modification process and just may be able to help you save the home you worked so hard for.

Final Tip: By researching and comparing the best loan modification companies in the market, you will be able to determine the one that meets your specific financial situation, plus the cheaper and quicker options available. However, it is advisable going with a trusted and reputable stop foreclosure specialist before making any decision, this way you will save time through specialized advise coming from a seasoned loan mods advisor and money by getting better results in a shorter span of time. Meaning getting your house out of risk as soon as possible.

Hector Milla runs the Best Mortgage Loan Modification website, where you can get immediate assistance from professionals serving your state. We have done all the hard work for you and selected the best 3 rated loan modification services.

Read our full reviews of those companies, plus hundreds of articles and video training about how to stop foreclose and the best way to do a loan modification in order to stop a foreclosing proceeding.

Article Directory: EzineArticles http://ezinearticles.com

Should I Short Sale My Property

webmaster — Tue, 07 Sep 2010 03:55:09 +0000

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

Short Sales And Missing House Payments

webmaster — Tue, 07 Sep 2010 03:20:23 +0000

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

LOSS MITIGATION Part 2 The Best Way To Avoid Foreclosure

webmaster — Mon, 06 Sep 2010 19:27:30 +0000

Your Short Sale Agent Needs To Be Dedicated To Succeeding

webmaster — Mon, 06 Sep 2010 06:58:08 +0000

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