Is it Troublesome to Work with Desert Schools Credit Union on Completing 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, one of Gilbert’s leading real estate groups specializing in short sales. I am here to speak to you at present about Desert Schools Federal Credit Union. I get about 2 or three calls a week from people identical to your self who have been doing analysis on Desert Schools Federal Credit Union and whether or not they will do a short sale with them. I got to tell you, Desert Schools has been tough to work with. Over time we have now worked with them so many times that we now have been capable of build some relationships there and understand their process so we can better serve our clients and their members.

Many individuals come to us as a result of they have heard that it is tough to work with Desert Schools Federal Credit Union and you know what, that could be true for most people. I imagine that we perceive their process now and we all know find out how to best set up our clients for success in a short sale with Desert Schools Federal Credit Union.

So, if that is you and you have a mortgage with Desert Schools Federal Credit Union, and also you wish to talk to any individual who has got the expertise, then give us a call. We have handled them multiple occasions and we’re sure that we will assist you. We have got an nearly 90% success rate, we have closed over 500 short sales now in the last 4 years. Once more, I am with Group 46:10, Gilbert’s main short sale teams. Give us a call. You may reach us at 480-449-6642 or just fill out a form right here on the website 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.

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

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

Hello, my name is Kevin Kauffman. I am part of Group 46:10, one of the nation’s premiere short sale and real estate businesses located right here in Gilbert. Are you struggling to make your mortgage payments or are tired of being upside down on your mortgage? We at Group 46:10 can provide you with different options to alleviate some of these problems. As one of the top short sale groups in the country, we have finalized over 500 short sales in the last 4 years and have a success rate of over 90%.

I am here today to discuss short sales and tax ramifications. One of the concerns that we hear quite often from potential customers is that they would like to do a short sale, but are worried about the taxes they will have to pay after the sale. Perhaps you have heard from other people that have done short sales that there were some tax liabilities and would like to find out more.

The Mortgage Debt Relief Forgiveness Act, which expires at the end of this year, permits homeowners, such as yourself, to not pay taxes on the forgiven amount if the home is their primary residence and the selling price is less than $2.5million. If you are thinking about short selling your home, you need to act quickly because the transaction needs to be closed by the end of the year in order to qualify for The Mortgage Debt Relief Forgiveness Act.

Please call us 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 stop you from short selling your home. We have a few different ways to avoid paying taxes as well. A skilled 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.

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

How Does a Real Estate Short Sale Work?

Posted by webmaster on Jan 25, 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

Article Directory: EzineArticles http://ezinearticles.com

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

What Are Your Short Sale Options?

Posted by webmaster on Jan 24, 2012 in Uncategorized | 0 comments

Hi, are you contemplating a short sale but you’re not fairly positive of what your choices are? Well, my name is Kevin Kauffman and I’m part of Group 46:10, Gilbert’s premiere short sale staff and Gilbert’s premiere short sale team. I am here to inform you that you just do have choices and I’d love to speak to you about them. My crew and I have closed over 500 short sales in the last 4 years. We’re here to help you so for those who want any assistance, whether you have got an FHA loan or perhaps you have bought a VA mortgage, we can help. Possibly you are not sure as a result of there are completely different guidelines around FHA and VA loans compared to loans with your typical credit union or with Bank of America or Wells Fargo.

Come to the specialists and get a free consultation with us. We would love to speak to you about what your options are. We’ve worked with each financial institution out there. We’ve worked with over a hundred banks. We have handled Fannie Mae and Freddie Mac, and FHA and VA, and anybody and everybody in between and we know that we will assist you.

So please give us a call today. You’ll be able to reach us at 480-449-6642. It’s also possible to fill out a form here on our website. If you’re not on our website, you may go to us at Group4610shortsale.com. Here you can get your free short sale decision calculator outcomes as well as request an in person meeting. We’d love to speak to you about your choices and if a short sale is best for you, we would love to help you. Thanks rather a lot and have a fantastic day.

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.