Queen Creek, Arizona Short Sale

Archive for the ‘Short Sale’ Category

Hello once more and welcome to our website. We are Kevin Kauffman and Fred Weaver, Arizona Short Sale realtors. Closing greater than 300 short sale transactions in the last couple years, we are simply the most successful short sale realtors in the Mesa region.

One of the questions that we are asked normally is “what makes us different from other specialists? Do we have links inside the bank?” A couple years ago, we wouldn’t have said that our links within the bank were beneficial to us. However, we have come to understand that our links have saved a number of transactions in the last couple years. Our contact with people inside the lenders have helped us put off foreclosure sale dates and get transactions approved.

If we need something urgently, we seem to be getting some preferential treatment. Your short sale isn’t going to automatically be approved five times sooner than others. However, you can rest assured that our group has those significant links and we know how to apply them.

No matter which bank you are dealing with, Chase, Citi, Wells Fargo, B of A, or any other bank, we’ve dealt with each of them. greater than 100 banks have dealt with us in some way, shape, or form. Each bank operates in a different way. And likewise, every bank has a somewhat different way of handling short sale packages. However, with our practice closing greater than 300 short sales in the last couple years, we are equipped for every situation.

We would consider it a priviledge to speak with you soon. We look forward to helping you make a choice concerning 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 – 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 website. We are Fred Weaver and Kevin Kauffman, Arizona’s leading short sale specialists. We have completed hundreds of short sales and we would like for you to contact us to find out more.

We wanted to speak to you at present concerning what is going on in the short sale business today. Particularly, can foreclosure sale dates be delayed and as a property owner when should you start working with us in a short sale transaction.

Lately, some of the investors don’t want to put off foreclosure sale dates as much as they have in the past. A year ago, if we were talking, I would have informed you that we can get your property on the market and obtain an offer in 60 days allowing your foreclosure sale date to be delayed. To be truly honest, that is not occuring any longer.

If you are in a spot where you are 60 or less days from foreclosure, please make contact with us. We are not saying that your property is going to go to foreclosure. However, if you have not missed a payment up till now or you are only a payment or two behind, please contact us soon. 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 must make sure that you are working with a proficient team that has relations within the bank and can productively complete your short sale. The banks do want to help you out, but you need to contact us sooner rather than later.

Thank you for joining us at the moment. Please fill out the form here on our blog so that we can be in contact with you quickly. Have a wonderful 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 – Short Sale 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 website. We are Kevin Kauffman and Fred Weaver, Arizona Short Sale Specialists. We have closed more than a few hundred short sale transactions since 2008. With a higher success rate and more practice than just about any other agent in the Arizona Short Sale world, we are the leading short sale specialists in the area.

We would like to talk about a touchy subject these days. Should you short sale your residence? The strategic default, or as we refer to it, the business decision, is a very hot subject recently. You may be a residence owner out there that is upside down on his mortgage. For illustration, you might owe $400,000 on your mortgage, but your residence is only valued at $200,000. You might be in a spot where you are getting ready to retire or you are preparing to move. Possibly you have the ability to pay your mortgage, but you are doing this at the determent to your family. Basically, you are throwing money at a terrible asset or investment.

We have had lots 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 choices that residence owners are taking into consideration. We won’t tell you what you should do, but you should make the correct decision for you and your family. Many people believe that they have a ethical obligation to make their payments.

While that is a legitimate 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 accept a short sale. You need to assess what is most important to you. If that means that you need to walk away from your residence with a short sale, you should strongly think about it.

There are a few things you must always keep in mind. This is a individual decision for you. Don’t let anybody to tell you what is right or wrong. Your mortgage is a agreement that has choices for you to mull over. Look at what your residence is worth today. How long will it take you to get your mortgage back to even? There are consequences to every option that you have. Make contact with us today and we can help you think about 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 Gilbert – 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 Premier Short Sale group. We have completed hundreds of short sales over the past couple years. However, this video isn’t about us, it’s about you!

One of the regular 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 decrease in their income or they haven’t completely spent their whole savings account thus far. They often want to know whether they ought to or ought to not miss payments.

Realize a couple things about short sales. It is feasible to close a short sale without missing payments. However, with the regularity that short sales are being completed, 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 don’t want the residence owner to take advantage of a short sale and still avoid the harmful effects of missing payments. Furthermore, it is definitely a way for the lenders to keep short sale numbers down. There isn’t a single bank in the land that has enough workers to deal with the short sale folders they already have.

We are never going to advise you to make or miss your payment. However, we can tell you that the bank will want to observe you miss some payments before they choose to even look at your short sale. Most of our clients are ok with the credit hit and knowing that they can get back into a residence in a couple years. We will discuss the decisions that are facing residence owners in a future episode.

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

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 – Foreclosure Short Sale Phoenix

We are Group 4610, Arizona’s Best short sale team. Short Sales in Arizona are our concern. We often get questioned about why we are the best short sale agents in Arizona. Ultimately, what seperates us from other agents in this Arizona short sale market?

I had a recent situation where a pal was going through a short sale and wanted a little advice as to what to do with a short sale at Bank of America. I coached her a little bit and gave her some ideas to pass on to her short sale realtor. Ultimately, 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 different. It is not about what we do. Don’t get me wrong. We have wonderful techniques and we have great relationships inside the bank. When we ask for something, they are aware of who we are and they act in response to us. This happens because they understand that we close short sales. We aren’t there to waste anybody’s time.

Ultimately, our achievement is a unequivocal product of our mindset. Short sales are complicated transactions. They are not like the customary real estate business. Finding solutions to problems, no matter the conditions, is what we do best. Our deepest committment is our aim and, in turn, your outcome.

If you choose to work with us, know that when you enter into a relationship with us we take that very seriously. Our deepest committment is to get your short sale done effectively. We have a mindset that we are going to get the work done and help you get around foreclosure. There are troubles that arise in this process all the time. Yet, we choose to defeat those troubles.

If you have questions, get them answered here Glendale – Short Sale Realtors

We are revisiting a matter that we talked about a month ago concerning BPO disputes and we implied that the market may change a bit concerning BPOs. Essentially, we thought that the number of active listings was going to go up and that sales were going to reduce. We tied all of this theory 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 property higher than it is truly worth. When you have had a house on the market for numerous months and had no showings, you recognize that the house is worth less but the bank does not always recognize that.

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

The difficulty is that it takes a while for the lenders to catch up to this change in the market. In order to help you contest BPO values with the bank, we have an additional instrument that you ought to contemplate.

There is a company out there that lots of of you are familiar with and the lenders are familiar with it as well, namely, Lender Processing Services. LPS does a lot of things but they have a instrument that we, as realtors can truly use. Here’s how it works.

Sign up for an account with LPS and then you have the permission to pull REO market analysis reports. That is a report that is derived from tax figures. 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 completed by a third party. In essence, you can not persuade it and we believe that it holds much more weight with the bank. We have had great success utilizing it over the last couple months. This is a helpful instrument. We highly suggest 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 Pre Foreclosure – Avoid Foreclosure Arizona

A vastly critical subject that has come up in the last couple weeks is our focus today. We’ve seen this problem pop up over the last couple weeks and we want you to be able to dodge it.

Make sure that the lender you are dealing 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 last 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 money out of their savings account without their authorization.

We think that the note you signed for the mortgage is only secured to the house. 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 obtain their money. Essentially, they are saying that if you are deliquent on other accounts they can obtain the money from one account to apply it to another account. They are stealing it without any consent.

We do not know if this is right or dishonest, but it is occuring. So, there is a road around this. Ask your property owner up front where their checking and savings accounts are presently held. Make sure that if they are not held in the lender that you will be doing a short sale with. Immediately have them shut down those accounts and get the money out. It is extremely critical that you know this as short sale agents and that you share this information with your customers.

Get the word out to other agents and your customers. Don’t let this become a dilemma for the people that you are trying to help through the short sale process. Also, please remark below if you have seen this take place previously. Let us know what lenders are utilizing this method.

One extra thing to note, we will be in Las Vegas on August 25th with our Crush It short sales seminar. So, obtain 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 Paradise Valley – Mortgage Short Sale Arizona

Another extraordinary 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 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 time now, but he jumped into short sales for a number of reasons. Firstly, you can control your company much better with short sales than with REOs. There is a superior profitability in short sales that comes with that control. The regular commission on REOs for Derek has only been roughly 1.5-2% with all of the overhead involved. Nevertheless, Derek enjoys making more capital earning 3% with short sales.

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

For illustration, many lenders will try to slice the commission if the agents are from the same broker. Remember that the lenders are not in the real estate business. So, they do not necessarily realize the real estate business. You, as an agent, need to help them understand the real estate business sometimes to get the commission that you deserve.

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

Don’t allow the bank to slice your commission. Escalate up the chain of command if you need to. Sometimes you have to help the lender realize the real estate industry and the banking business.

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

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

Rick thinks that the main part about lead generation is mindset. What is keeping you from lead generating? Every realtor understands that creating some sort of lead generation action every day will get you results. Yet, there is such a large gap between the people that know this and the people that achieve this. That act, moving from what you recognize 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. Firstly, working on you becoming a better self is the best way to assist your company. Surround yourself in life with citizens that see you as bigger than you see yourself. Encircle yourself with citizens 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 stop you. Are you willing to do what it takes? Rick is constantly reminded about how exhilarating life can be if you are ready to do the tedious fundamentals and do things that are difficult.

When your complete life is spent making sure that the group 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 commentary below this and let him know that he should create 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 Phoenix – Mortgage Short Sale Arizona