Avoid Foreclosure Arizona

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 greater than 300 short sale transactions in the last few years, we are basically the most successful short sale agents in the Scottsdale locale.

One of the questions that we are asked normally is "what makes us different from other realtors? Do we have contacts inside the bank?" A few years ago, we would not have said that our contacts within the bank were beneficial to us. Nevertheless, we have come to understand that our contacts have saved a number of transactions in the last few years. Our contact with people inside the lenders have helped us delay foreclosure sale dates and get transactions accepted.

If we require something urgently, we seem to be getting some special treatment. Your short sale is not going to automatically be accepted five times quicker than others. Nevertheless, you can rest assured that our team has those key contacts and we recognize 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. greater than 100 banks have worked with us in some way, shape, or form. Each bank operates in a different way. And likewise, each bank has a somewhat different way of managing short sale folders. Nevertheless, with our skill closing greater than 300 short sales in the last few years, we are ready for each situation.

We would consider it an honor to talk with you soon. We look forward to helping you make a decision regarding your residence.

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 Glendale - Short Sale Arizona

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 specialists. We have closed hundreds of short sales and we would like for you to get in touch with us to learn more.

We wanted to speak to you today concerning what is going on in the short sale business today. Specifically, can foreclosure sale days be deferred and as a home owner when should you start working with us in a short sale agreement.

Lately, some of the investors don't want to defer foreclosure sale days as much as they have in the past. A year ago, if we were chatting, I would have informed you that we can 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 anymore.

If you are in a position where you are 60 or fewer days from foreclosure, please call us. We are not saying that your home is going to go to foreclosure. Still, if you haven't missed a payment up till now or you are merely a payment or 2 behind, please get in touch with us quickly. The earlier you act, the better off you will be. If we have more time, we have a better likelihood to make a positive outcome for you.

You should make certain that you are dealing with a specialized group that has associations within the bank and can fruitfully complete your short sale. The banks do want to help you out, but you need to get in touch with us sooner rather than later.

Thank you for joining us today. Please fill out the form here on our website so that we can be in contact with you quickly. Have a fantastic 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 Casa Grande - Arizona Short Sale Specialist

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 website. We are Kevin Kauffman and Fred Weaver, Arizona Short Sale Realtors. We have completed more than a couple hundred short sale transactions since 2008. With a greater success rate and more experience than almost any other agent in the Arizona Short Sale world, we are the premier short sale agents in the district.

We would like to speak about a touchy matter these days. Should you short sale your house? The strategic default, or as we refer to it, the business decision, is a awfully hot matter recently. You may be a house owner out there that is upside down on his mortgage. For illustration, you may owe $400,000 on your mortgage, but your house is only worth $200,000. You may be in a situation where you are getting ready to stop working or you are preparing to relocate. Maybe you have the capacity to pay your mortgage, but you are doing this at the determent to your household. Basically, you are throwing cash at a bad asset or investment.

We have had numerous 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 choices that house 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. Lots of people think that they have a moral obligation to make their payments.

While that is a valid point, there are a few things in your mortgage agreement that give you the right to stop making payments. Likewise, the lender has the right to foreclose or agree to a short sale. You have to assess what is most important to you. If that means that you have to walk away from your house with a short sale, you should strongly consider it.

There are a couple things you ought to always keep in mind. This is a individual decision for you. Don't permit anyone to tell you what is right or wrong. Your mortgage is a agreement that has choices for you to contemplate. Look at what your house is worth at present. How long will it take you to get your mortgage back to even? There are consequences to each option that you have. Contact us today and we can help you evaluate 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 Tempe - Arizona Short Sale Specialist

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 Best Short Sale group. We have closed hundreds of short sales over the past few years. Yet, this video isn't about us, it's about you!

One of the common discussions we have with residence owners is about missing payments. Many of these residence owners are even now current on their mortgage payment. Possibly they haven't yet experienced the cut in their income or they haven't totally depleted their entire savings account so far. They frequently want to know whether they should or should not miss payments.

Realize a few things about short sales. It is feasible to complete a short sale without missing payments. Yet, with the regularity that short sales are being done, the lenders aren't even allowing for a short sale until the residence owner is missing payments. We think that the lenders have made that change since they do not want the residence owner to take advantage of a short sale and still avoid the harmful effects of missing payments. In addition, it is certainly a way for the lenders to keep short sale numbers down. There isn't a single lender in the land that has enough staff to handle the short sale folders they already have.

We are never going to tell you to make or miss your payment. Yet, we can tell you that the lender will want to witness you miss some payments before they choose to even look at your short sale. Most of our customers are okay with the credit hit and knowing that they can get back into a residence in a few years. We will talk about the decisions that are in front of residence owners in a future episode.

Fill out the document on our website so a member of our group can have a short talk with you. Thank you for joining us today. We will chat 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 Casa Grande - Mortgage Short Sale Arizona

We are Group 4610, Arizona's Premier short sale team. Short Sales in Arizona are our business. We repeatedly get questioned about why we are the best short sale agents in Arizona. Essentially, what seperates us from other agents in this Arizona short sale market?

I had a recent situation where a friend was going through a short sale and needed some guidance 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 realtor. Essentially, if you are having troubles escalate to somebody higher up at the bank.

After getting off the phone with her, something dawned on me. I should have told her something else. It's not about what we do. Do not get me wrong. We have fantastic strategies and we have great relationships inside the bank. When we ask for something, they are conscious of who we are and they react to us. This happens because they know that we complete short sales. We aren't there to waste anybody's time.

Essentially, our accomplishment is a direct result of our mindset. Short sales are complex transactions. They are not like the traditional real estate dealings. Finding answers to problems, no matter the circumstances, is what we do best. Our deepest committment is our target and, in turn, your consequence.

If you choose 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 done effectively. We have a mindset that we are going to get the transaction done and help you avoid foreclosure. There are troubles that arise in this process all the time. Nonetheless, we choose to overcome those troubles.

If you have questions, get them answered here What Is A Short Sale - Short Sale Vs Foreclosure

We are revisiting a subject matter that we talked about a month ago concerning BPO disputes and we hinted that the market may change a bit concerning BPOs. Ultimately, we thought that the number of active listings was going to go up and that sales were going to diminish. We united all of this speculation into the thought that BPOs were going to get messed up in this development.

Particularly, the BPO challenges are emerging from the lender valueing your home higher than it is really worth. When you have had a property on the market for several months and had no showings, you recognize that the property is worth less but the bank doesn't always recognize that.

This appears to be occuring more often now. So, a few of the tips that we have given are to work vigorously to champion your BPO disputes to the bank. Use sold comps and active REO listings to do this. Take a glance at tax records to acquire this information. As we all recognize, the price of the active listings tells us where the market is going. If the price of properties on the active market are low, the market is going downward.

The problem is that it takes a while for the lenders to catch up to this modification in the market. In order to help you fight BPO values with the bank, we have one more means that you should ponder.

There is a company out there that many of you are familiar with and the lenders are familiar with it as well, specifically, Lender Processing Services. LPS does lots of stuff but they have a means that we, as agents can really use. Here's how it works.

Sign up for an account with LPS and then you have the privilege to pull REO market analysis information. That is a report that is resultant from tax statistics. It provides many precious 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 influence it and we believe that it holds much more weight with the bank. We have had huge success using it over the last couple months. This is a helpful means. We greatly 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 Maricopa - Avoid Foreclosure Arizona

A very principal matter that has come up in the last few weeks is our focus today. We've seen this difficulty pop up over the last few weeks and we want you to be able to steer clear of 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 numerous people over the course of the last few weeks that have approached us on this matter. Both current clients and soon to be clients have been telling us that the have missed payments and the lender has taken the money out of their savings account without their permission.

We think that the note you signed for the mortgage is only secured to the property. It is not secured to the checking account. Nevertheless, we think that the lenders have revised or applied their checking account terms of service to get their money. Essentially, they are saying that if you are deliquent on other accounts they can seize the money from one account to apply it to another account. They are stealing it without any authorization.

We don't know if this is appropriate or illegal, but it is occuring. So, there is a method 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. Immediately have them close those accounts and get the money out. It is extremely vital that you know this as short sale agents and that you share this information with your clients.

Get the word out to other realtors and your clients. Don't let this become a crisis for the people that you are attempting to help through the short sale process. Also, please remark below if you have seen this occur already. Let us know what lenders are utilizing this policy.

One extra thing to note, we will be in Las Vegas on August 25th with our Crush It short sales lecture. So, obtain your ticket today!

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 Tempe - Mortgage Short Sale Arizona

Another exceptional guest graces the pages of Short Sale Power Hour. Derek Gilbert runs a business in the Phoenix vicinity as well as in Colorado. Derek has been with Keller Williams for about six years now. 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 time now, but he jumped into short sales for a number of reasons. First, you can run your business much better with short sales than with REOs. There is a superior profitability in short sales that comes with that handling. The regular commission on REOs for Derek has only been roughly 1.5-2% with all of the overhead involved. Yet, Derek enjoys making more cash earning 3% with short sales.

Derek is a go getter. He can close any transaction and has proven that over his time as a short sale agent. There are so many different resources that you can use to fight your way through a short sale. A lot of banks will tell you that their guidelines is to not pay full commission to real estate agents. Yet, those policies can always be adjusted.

For example, many banks will try to slice the commission if the realtors are from the same broker. Keep in mind that the banks are not in the real estate trade. So, they do not necessarily realize the real estate industry. You, as an agent, need to help them realize the real estate trade from time to time to get the commission that you deserve.

With REOs, the lender will always disburse six percent. They will disburse for a multitude of fees with an REO. So, why would you as an agent let them to pay a cut-rate commission with a short sale. Keep in mind that they can attempt to mark down your commission by one percent or they can incur an additional 10-12% from taking a home to foreclosure.

Do not let the bank to slice your commission. Escalate up the chain of authority if you need to. Sometimes you have to help the lender realize the real estate business 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 Chandler - Foreclosure Short Sale Phoenix

We have brought a very famous man back to Short Sale Power Hour. Rick Geha has joined us yet again today. For those who don't 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 orator for Keller Williams. He is a master faculty member who travels all over the country. He has six Keller Williams teams.

Rick believes that the biggest part regarding lead generation is frame of mind. What is keeping you from lead generating? Each agent knows that creating some sort of lead generation action every day will get you results. Nevertheless, there is such a big gap between the people that know this and the people that carry out this. That action, moving from what you identify to actually doing it, starts in your head.

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

Lead generation comes from you being so devoted to what you want in life that nothing will impede you. Are you willing to do what it takes? Rick is continuously reminded regarding how thrilling life can be if you are willing to do the tedious basics and do things that are difficult.

When your whole 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 machine. If you enjoyed today's episode with Rick, post a note below this and let him know that he should start 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 Pre Foreclosure - Arizona Short Sale Specialist

Let's get the announcements out of the way first. Friday, August 13th is the time for Kevin and Fred's Crush It Short Sales session. The price goes up to $99 after midnight August 10th. So, get signed up today. Additionally, please remember that we want you to capture on film your own Short Sale Power Hour video. We want you to disclose one of your most horrific, yet overcoming short sale tales. Put it into a capture on film that is less than ten minutes. Post it on YouTube and offer it to us.

Instantly we are on to other topics, to be exact, FreddieMac. The conversations that Kevin has been having with FreddieMac recently have been outlandish. They have requested a $30,000 promissory note from one of our customers. The dilemma is that the property owner has a actual hardship. The loan is a purchased money loan and the bid is for more than what they think the property is worth. Additionally, they are the single lien holder and the PMI company previously signed off on the agreement devoid of asking for a promissory note.

This owner has a actual hardship. He is in the education discipline and had to move forty miles away to rent a new property while they could not sell their old property. So, they have been making payments on two homes for a few years now. There is no better illustration of an authentic hardship. The property owner has been advised by his lawyer that he ought to walk away from the property and let it go to foreclosure if he can not short sale the property.

FreddieMac has asked for 1.8 billion dollars in help from the gov't since 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 company that is insuring the property right now. It will cost the MI company lots more money if the property 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 Phoenix - Avoid Foreclosure Arizona