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

Hello, my name is Kevin Kauffman, I’m with Keller Williams and Group 46:10, considered one of Paradise Valley’s leading real estate groups specializing in short sales. I’m here to speak to you right now about Desert Schools Federal Credit Union. I get about 2 or 3 calls per week from individuals just like your self who have 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 tell you, Desert Schools has been tough to work with. Through the years now we have worked with them so many instances that we have now been able to 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’ve 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 you wish to talk to someone who has got the expertise, then give us a call. We’ve dealt with them a number of occasions and we’re positive that we can assist you. We have got an nearly 90% success rate, we have closed over 500 short sales now within the last four years. Again, I am with Group 46:10, Paradise Valley’s main short sale teams. Give us a call. You’ll be able to reach us at 480-449-6642 or simply fill out a form right here on the web site at Group4610shortsale.com. We’ll talk 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.

Patience = Short Sale Success!

Posted by webmaster on Jan 25, 2012 in Short Sale Arizona - Phoenix - Queen Creek | 0 comments

Patience is a virtue as the saying goes, and that saying is definitely true in Real Estate. I had a buyer client get approved for a short sale at the end of June, we put the contract in during the month of March! The sale is still not closed. The fact about short sales is that they take time, no matter what you hear. It is best to prepare yourself for a long wait. If you can stick out the three months (or four, five,…gulp, or six) that it usually can take, you have more patience than most. Buying or selling a home can be nerve racking as it is, now add weeks of being in the dark about whether or not your contract was accepted. Buying short is not for the faint of heart, so if you are going to explore the possibility of it then go “all in” and stick with it.

If you don’t know what the term short sale is, it is when a person can not sell a property for more or equal to what amount they owe on the loan(s). If this negative amount is too great for the seller to come to the table with at close, then the seller must ask the bank to “forgive” the difference. A property is required to be identified as a short when it is listed by a REALTOR. That way there are no surprises to a potential buyer, everyone knows what they are getting into before the property is put under contract. A property can be sold for less than the amount owed on a loan and not be a short sale, as long as the seller can find a way to come to the closing table with that money. I have been in this situation, and it closed on the contracted date, so it is really all about getting that bank approval that takes time. In the end though the wait could really pay off, banks will usually take up to 80% of the loan amount in most cases and sometimes even more. As a buyer it may be hard to know that number, but a REALTOR should be able to dig around and get you a good approximation.

So I guess, in essence, a short sale is like that old Miller Beer commercial, “if you’ve got the time, we’ve got the beer”. Except put “a lot” before “time” and substitute beer for…well you’re going to need that beer. Feel free to give me a call or shoot me an email if you have any questions about short sales, I would be happy to help.

Pete Picchietti is a Real Estate Agent with Prudential Preferred Properties in Chicago. He has lived in Chicago his whole life and has extensive knowledge of the Real Estate Market in Chicago. If you would like to read more Real Estate articles by Pete or if you would like to learn more about the great city of Chicago, please visit his blog at http://www.pickpete.com and enjoy.

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Watch Kevin and Fred, Short Sale Specialists, 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

Hi, I am Kevin Kauffman. I’m part of Group 46:10, one of the nation’s best short sale and real estate teams based right here in Paradise Valley. Are you struggling to make your mortgage payments or are tired of being underwater on your mortgage? We at Group 46:10 can offer you different options to alleviate some of these problems. As one of the top short sale teams in the country, we’ve closed over 500 short sales in the past 4 years and have a success rate of over 90%.

I’m here today to discuss short sales and tax ramifications. One of the concerns that we hear quite often from prospective clients is that they would like to short sell their home, but are worried about the taxes they’ll have to pay after the sale. Perhaps you’ve heard from other people that have done short sales that there were some tax liabilities and want to find out more.

The Mortgage Debt Relief Forgiveness Act, which ends at the end of 2012, allows homeowners, such as yourself, to not pay taxes on the forgiven amount if the home is their main residence and the selling price is less than $2.5million. If you are thinking about short selling your house, 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 don’t qualify for this act, don’t let that keep you from short selling your house. We have a couple of other ways to avoid paying taxes as well. A practiced short sale specialist, 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 Kauffman and Fred Weaver of Group 46:10, Short Sale Specialists, on the daily Short Sale Power Hour.

Stop Foreclosure and Stay in Your Home “Payments Free” For Years Even Without Government Help

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

Most of the homeowners that are facing the possibility of foreclosure have discovered that qualify for Obama’s mortgage modification program was not as easy as they though it would be. To be precise, about 90% of homeowners have been rejected or never considered for the program.

Thousands of those homeowners have already lost their homes to foreclosure while others are in the middle of the foreclosure process. Some of those homeowners have sought helped and have been able to avoid or delay the foreclosure process. How long you can stay in your home after your lender has filed for foreclosure against you will depend on the fight that you put to your bank.

Some homeowners can delay the foreclosure process for years once their foreclosure process has already started while others have lost their homes in just about a few months. This doesn’t have to be this way; there are many techniques and strategies that can be used along the foreclosure process to delay it, even if you don’t have enough income to qualify for any government help.

Most of these techniques don’t require any expenses from your part and usually you could stay in your house for over two years and in most cases without making even one single mortgage monthly payment. Obviously, you need to know how the foreclosure process work, and what to do in every step of the process in order to do this successfully.

The first step of your fight is to answer the foreclosure Summon once you receive the file notification. If done properly, this technique only could delay the foreclosure process for months. At this point there are different tactics you can use to get your lender to stop the foreclosure temporally.

Other techniques include: To negotiate a repayment agreement with your lender in order to receive more time in exchange, the requesting of a court hearing, rejecting the foreclosure notice, among others techniques.

Again, the time that you will stay in your home after foreclosure will depend on the fight that you put against your lender to delay the process and on your ability to use different aspects of the law in your favor to avoid foreclosure.

Foreclosure is a process and there are ways for you to delay that process and stay in your home mortgage-free for a few years even if you do not qualify for The Obama’s Loan Modification Plan or any other Program, even if you have not income at all. Unfortunately, most people don’t know about the many tactics and strategies available for fighting foreclosure.

To stop foreclosure and stay in your home is of up-most importance not only because it can potentially save you thousands of dollars, but because it will ensure that you maintain the ability to qualify for future programs.

For more detailed information and for tips and strategies to avoid foreclosure and stay in your home for over two years without making any monthly mortgage payments, go to: How-To-AvoidForeclosure.info Click Here: How To Stop Foreclosure Remember, you can do this without paying for Lawyers, Agencies or for any service at all. Click here to save your home Stay In Your Home.

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