Should I Get Legal Advice For My Short Sale?

Posted by webmaster on May 18, 2012 in Uncategorized | 0 comments

Hello, my name is Kevin Kauffman and I'm with Group 46:10, Scottsdale's primary short sale team. You in all probability found this blog as a result of you're looking around the internet for short sale info and one thing that's probably going through your thoughts is should you get authorized advice. I have to tell you it's not a bad idea. I actually suppose that legal recommendation is a very good thought for somebody in your situation. Actually, we advise all of our clients to go forward and acquire legal recommendation as a result of I think that's the best route you probably have any lingering questions at all around the method and what to expect from a authorized standpoint and what your liabilities are.

We are able to clarify all the pieces actually well. We can share with you our experience of having closed well over 600 short sales within the last couple of years. We can clarify all that to you, but at the end of the day, you might not feel comfortable together with your grasp and you may wish to speak to an attorney. Now we have truly partnered with one of the prime local law firms right here in the Scottsdale area to supply free advice at no cost to you when it comes to doing a short sale if you happen to list with us.

Once more, I'm Kevin Kauffman with Group 46:10, Scottsdale's number one short sale team and we're here to help. If you would like more info on that, give us a call 602-492-4610, or you can also fill out a form on our website. Not only can we talk to you about our expertise with short sales, but we can get you in front of one of the city's prime attorneys to talk to you about your scenario and it does not even cost you a penny. This is likely one of the benefits to working with Group 46:10. Give us a call today and we look forward to speaking 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.

How Long May It Take To Short Sale My Phoenix Region House

Posted by webmaster on May 17, 2012 in Uncategorized | 0 comments

Hello everybody my name is Kevin Kaufmann and I am the co-founder of the nations leading short sale crew, Group 4610. My business partner Fred Weaver and I use our blog to help educate Scottsdale owners on their choices for avoiding foreclosures on their underwater mortgage. When you can no longer afford your mortgage, or if a short sale makes probably the most business sense, stop by my web site or contact me directly to discuss all of our Scottsdale real estate options.

Today I wanted to talk with you about how long it might take to complete a short sale on your home in Scottsdale. This is a question I hear from homeowners very often and fortunately there's a fairly straightforward answer to understanding the short sale timeline. A year ago I might have instructed you anywhere from seven to eight months but present day our team is closing short sales in four to five months on average. Thanks to the short sale market heating up in Scottsdale and our short sale process continuing to improve we have been capable of make great strides in getting fast approvals. This complete process begins by collecting all the documents you will need with a purpose to submit a short sale file to your lender. Once we have your paperwork our workforce will begin marketing your property over a one to 2 week span. Once we find a buyer we will have your file negotiated in just over 45 days.

Once your house completes a twenty one day close of escrow period we are only taking a look at three and half months from beginning to end. So if you are contemplating a short sale please contact our crew to get your file approved quickly. Thank you so much 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.

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

Do You Have A HELOC and are Contemplating Short Selling Your House?

Posted by webmaster on May 16, 2012 in Uncategorized | 0 comments

Hi, my name is Kevin Kauffman, the co-owner of Group 46:10, one of Scottsdale's primary short sale teams. I am right here at the moment simply answering more of your questions. We get a lot of emails, telephone calls and individuals are coming to us for recommendation on short sales. We have closed so many of them. The truth is we have closed over 600 within the final couple of years and with an over 90% success rate. This means that 9 out of 10 of our shoppers have efficiently avoided foreclosure.

One of many questions that comes up continuously is about what to do when you've got a home equity line of credit or HELOC and is it doable to do a short sale? Well the easy answer is yes, you are able to do a short sale. The not so simple answer is this, most instances you possibly can nonetheless end up owing the bank whether or not you do a short sale or not. This can be news that you didn't need to hear, however sadly for those who go through a foreclosure, you've got to cash out the home equity line of credit meaning you got this line of credit after you bought the home. Any time after you purchased the home and you receive money on it, then completely you could possibly be responsible for the deficiency amount.

We're specialists at getting that deficiency amount negotiated down and in some circumstances our clients are in a position to walk away owing nothing. Some walk away paying as little as 5-10% of that balance. We are ready to do this as a result of by the short sale process, we get the other lender to assist pay for that home equity line of credit by way of the sale of the home.

So imagine it or not, unlike your first mortgage, the home equity line of credit is a lien against you personally. You are personally responsible for it; it is not just in opposition to the property. So when we promote the property, we are able to take some of these funds, apply it in direction of that balance and help scale back your liability.

Once more, I'm Kevin Kauffman with Group 46:10, one of Scottsdale's main short sale groups and we are right here to help. If you'd like more info on short sales or the short sale process, give us a call. We are specialists in home equity lines of credit and short sales and we will help you out. You can reach us at 602-492-4610. Thanks so much, have a great day and we look forward to talking with 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.

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

Closing a Short Sale – Why is This a Better Choice

Posted by webmaster on May 16, 2012 in Short Sale Arizona - Phoenix - Queen Creek | 0 comments

Amidst the global recession, there are plenty of impacts and results that have constantly bombarded every industry and sector in the world. Real estate is no exemption to the rule thus, several governments in the United States and probably anywhere else in the world are doing their best to regulate and issue programs and schemes to help those greatly affected by the plunge down of property rates and market value like short sales. This is to support and assist financially and in other possible way the thriving real estate industry and helps it bounce back to progress.

What is the definition of short sale?

Technically, this term is an alternative or option taken by homeowners or sellers when they can no longer afford their mortgage payment and related financial obligations. In this particular scheme, sellers put up their properties under this category and thus agree that the sale price for their property would amount to a much lesser value than the original price they purchased them for. Not all cases however would be allowed by the lenders to fall under this specific category since a careful evaluation and assessment of such property and the seller's background as well must first be conducted to prove and support their application. In the process of putting up your property to short sale and eventually closing the deal, there has to be important steps to do and accomplish before finally coming to the close of any deals or transactions between sellers, buyers and the lenders as a whole.

How do you qualify for short sale?

Basically, not all application for this bracket are approved and qualified for the said alternative. Thus, for those who want to put their properties as short sale in the competitive real estate market, there are certain criteria to remember and strictly comply with.