Is it Troublesome to Work with Desert Schools Credit Union on Finishing a Short Sale?

Posted by webmaster on Jan 27, 2012 in Uncategorized | 0 comments

Hi, my name is Kevin Kauffman, I’m with Keller Williams and Group 46:10, one of Scottsdale’s main real estate teams specializing in short sales. I’m here to talk to you at present about Desert Schools Federal Credit Union. I get about 2 or three calls per week from folks just like yourself who have been doing research on Desert Schools Federal Credit Union and whether or not they’ll do a short sale with them. I got to let you know, Desert Schools has been tough to work with. Through the years we have worked with them so many instances that we’ve got been capable of construct some relationships there and understand their process so we will better serve our clients and their members.

Many individuals come to us as a result of they’ve heard that it’s tough to work with Desert Schools Federal Credit Union and you know what, that may very well be true for most people. I believe that we understand their process now and we know methods 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 loan with Desert Schools Federal Credit Union, and you want to speak to any individual who has got the experience, then give us a call. We’ve handled them multiple instances and we’re positive that we can help you. We’ve got an nearly ninety% success rate, we’ve closed over 500 short sales now in the last four years. Once more, I am with Group 46:10, Scottsdale’s main short sale teams. Give us a call. You can reach us at 480-449-6642 or simply fill out a form here on the web site 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.

Closing in on a Foreclosure

Posted by webmaster on Jan 27, 2012 in Foreclosure | 0 comments

Buying a foreclosure is much easier than you might think. Most people have the notion that dealing with banks will be a hassle, and bank officers are only looking to say “no” when ever they can. Not so. Banks are in the business of lending money for a return. Owning property is not part of their business plan. So don’t be intimidated by dealing with banks.

Here are some things you need to consider as you pursue the purchase of a foreclosure.

First, foreclosed properties will be bought “as is”. That is, what you see is what you get. The bank has not done any upkeep or fixed any parts of the property as, again, that’s not the business they are in. So make sure you hire a reputable property inspector. And here’s a hint: when you have found an inspector who will work for you, tell the bank you are willing to shorten the inspection period you require. Sometimes they will jump on this idea as they are just wanting to get rid of the property as quickly as possible.

Second, know the neighborhood. Even in these times, the standard real estate axiom applies: buy the worst property in the best neighborhood. Unless, of course, you plan on living on the property. But even then, you want to protect your investment by buying in a good neighborhood.

The bank will generally use two tactics when accepting offers. First, they will take offers up to an appointed time then toss out all but the top two. They will then ask you for your best offer and/or your final offer. The bank wants to get as much money from you as possible, like any seller. Second, they might accept the first decent offer they get.

Finally, there are real estate professionals in your town that have represented and sold foreclosed properties. Your agent should be able to get for you some critical information that you will need. Such as: comparable sales, pending sales, and the number of offers on the property. Of course, the number of offers on a property will impact the offer you come in with. And your real estate professional will submit your pre-approval letter to the bank so that they know your offer is legitimate. But, again, when finding a professional that you need to trust, ask around.

If you happen to live in the California’s bay area there are many areas that offer great deals on foreclosed homes. Two of the areas I would recommend are Hollister Ca homes for sale and San Jose Ca homes for sale.

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

Does a Short Sale Affect the Value of Property?

Posted by webmaster on Jan 26, 2012 in Short Sale Arizona - Phoenix - Queen Creek | 0 comments

The economy is not at its good and the property owners are finding it very difficult to cope up with the monthly payments. When a mortgage refinance can be overlooked by the borrower, it means, it can lead to a short sale. This term indicates:

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

Are You Curious 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 country’s best short sale and real estate businesses based right here in Scottsdale. Are you struggling to make your mortgage payments or are tired of being underwater on your mortgage? We at Group 46:10 can provide you with various alternatives to alleviate some of these problems. As one of the premiere short sale groups in the nation, we’ve finalized more than 500 short sales in the past 4 years and have a completion 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 want to short sell their home, but are concerned about the taxes they’ll have to pay after the sale. Perhaps you’ve heard from others that have done short sales that there were some tax liabilities and wish to find out more.

The Mortgage Debt Relief Forgiveness Act, which expires at the end of 2012, 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 property, you need to act quickly because the transaction would need to be finalized by the end of 2012 in order to qualify for The Mortgage Debt Relief Forgiveness Act.

Please give us a call 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 propety. We have a few 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.