Gilbert, Arizona Short Sale

Archive for the ‘Short Sale’ Category

Welcome back and thanks for visiting us today on our website. This whole website is devoted to the property owner who is exploring the options on what you would like to do with your property. Whether you are in a situation where you can no longer come up with the money for it or are just no longer want to owe as much as you do against your mortgage and want to strategically default, this website is for you. We hope that you find loads of fantastic content here on our website.

Today we want to focus on a subject that has become awfully crucial in the last couple months. It deals with your funds and the assets that you have in your bank account. There are lenders out there that are going into property owner bank accounts and taking funds to fulfill deliquencies on their mortgage.

Please understand that the mortgage you took out on your property is secured against your home and your home only. The exemption to that rule is with the bank accounts that are with the same bank that has your mortgage. For instance, if you have a checking account with Chase and your mortgage is additionally with Chase, Chase can take funds from your checking account to reimburse your mortgage.

We have had many customers approach us concerning this specific issue. If you are considering a short sale or have missed a payment or two, we would suggest that you move your checking account to another bank. Close your accounts with a bank that has your mortgage.

Because of the checking and savings account agreements they have with you, they keep the privilege to take funds from your savings account.

Give us a call if you would like more information on this subject or any other subject pertaining to short sales and your options. We have successfully closed more than a few hundred short sales over the previous couple years and we would value the chance to chat with you 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 My First Short Sale

Also, follow Group 46:10 on their blog at Chandler - Avoid Foreclosure Arizona

For more videos on short sales check out Kevin and Fred on the Short Sale Power Hour. Video for Short Sale Specialists.

Hello once more and welcome to our website. We are Kevin Kauffman and Fred Weaver, Arizona Short Sale agents. Closing more than 300 short sale deals in the last couple years, we are merely the most successful short sale agents in the Mesa area.

One of the questions that we are asked often is "what makes us different from other realtors? Do we have contacts within the lender?" A couple years ago, we would not have said that our contacts within the lender were beneficial to us. However, we have come to acknowledge that our contacts have saved a number of deals in the last couple years. Our contact with people within the lenders have helped us put off foreclosure sale dates and get deals accepted.

If we need 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. However, you can rest assured that our group has those vital contacts and we know how to apply them.

No matter which lender you are working with, Chase, Citi, Wells Fargo, B of A, or any other lender, we've worked with each of them. more than 100 banks have worked with us in some way, shape, or form. Every lender operates in a different way. And likewise, each lender has a vaguely different way of handling short sale packages. However, with our experience closing more than 300 short sales in the last couple years, we are equipped for each situation.

We would consider it a priviledge to talk with you soon. We look forward to helping you make a decision regarding 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 Maricopa - Avoid Foreclosure Arizona

Watch Kevin and Fred, Short Sale Specialists, 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 realtors. We have closed hundreds of short sales and we would love for you to get in touch with us to learn more.

We wanted to chat to you today regarding what is going on in the short sale business now. In particular, can foreclosure sale dates be postponed and as a house owner when should you begin working with us in a short sale deal.

Recently, some of the investors do not want to reschedule foreclosure sale dates 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 house on the market and acquire an offer in 60 days allowing your foreclosure sale date to be postponed. To be very honest, that isn't occuring any longer.

If you are in a position where you are 60 or less days from foreclosure, please make contact with us. We are not saying that your house is going to go to foreclosure. Yet, if you have not missed a payment yet or you are merely a payment or 2 behind, please get in touch with us quickly. The sooner you act, the better off you will be. If we have more time, we have a greater likelihood to make a positive outcome for you.

You must make sure that you are dealing with a qualified group that has contact within the lender and can fruitfully complete your short sale. The banks do want to help you out, but you have to get in touch with 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 almost immediately. Have a great 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 What Is A Short Sale - Mortgage Short Sale Arizona

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

Hello and welcome to the Group 4610 blog. We are Kevin Kauffman and Fred Weaver, Arizona Short Sale Realtors. We have closed more than a few hundred short sale deals since 2008. With a higher success rate and more skill than almost any other agent in the Arizona Short Sale world, we are the leading short sale specialists in the county.

We would like to chat about a sensitive subject these days. Should you short sale your property? The strategic default, or as we refer to it, the business decision, is a awfully hot subject recently. You may be a property owner out there that is upside down on his mortgage. For instance, you may owe $400,000 on your mortgage, but your property is only worth $200,000. You may be in a position where you are getting ready to retire or you are preparing to relocate. Maybe you have the ability to pay your mortgage, but you are doing this at the determent to your family. Essentially, you are throwing money at a bad 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 options that property owners are taking into consideration. We will not tell you what you should do, but you should make the correct choice for you and your family. Lots of people believe that they have a ethical obligation to make their payments.

While that is a legitimate line of reasoning, there are a few things in your mortgage agreement that give you the right to stop making payments. Similarly, 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 property with a short sale, you should strongly reflect on it.

There are a few things you ought to always remember. This is a individual choice for you. Don't permit anyone to tell you what is right or wrong. Your mortgage is a agreement that has options for you to mull over. Look at what your property is worth today. 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 Peoria - Mortgage Short Sale Arizona

Welcome to Group 4610's blog. We are Kevin Kauffman and Fred Weaver, Arizona's Premier Short Sale team. We have closed hundreds of short sales over the past few years. Yet, this video is not about us, it is 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. Maybe they have not yet experienced the drop in their wages or they have not completely exhausted their whole 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 completed, the banks aren't even allowing for a short sale until the residence owner is missing payments. We think that the banks have made that change since they don't want the residence owner to take benefit of a short sale and still evade the harmful effects of missing payments. Also, it is certainly a way for the banks to keep short sale numbers down. There is not a single lender in the country that has enough employees to deal with the short sale folders they already have.

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

Fill out the form on our website so a member of our team 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 Peoria - Arizona Short Sale Specialist

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

I had a recent situation where a pal was going through a short sale and needed some 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 agent. Ultimately, if you are having problems 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 great strategies and we have great relations inside the bank. When we ask for something, they are conscious of who we are and they react to us. This happens because they understand that we close short sales. We aren't there to squander anybody's time.

Ultimately, our achievement is a direct result of our mindset. Short sales are difficult transactions. They are not like the traditional real estate transactions. Finding solutions to problems, no matter the circumstances, is what we do best. Our deepest committment is our aim and, in turn, your result.

If you decide 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 work done and help you steer clear of foreclosure. There are problems that arise in this procedure all the time. Yet, we choose to defeat those problems.

If you have questions, get them answered here Pre Foreclosure - Short Sale Realtors

We are revisiting a matter that we talked about a month ago regarding BPO disputes and we implied that the market may change a bit regarding BPOs. Essentially, we believed that the number of active listings was going to go up and that sales were going to weaken. We united all of this theory into the thought that BPOs were going to get messed up in this process.

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

This appears to be happening more often now. So, a few of the tips that we have given are to work intensely 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 obtain this information. As we all know, 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 down.

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 tool that you ought to ponder.

There is a company out there that lots of of you are familiar with and the lenders are familiar with it also, specifically, Lender Processing Services. LPS does a lot of things but they have a tool that we, as realtors can really 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 data. It gives many precious pieces of information. This REO market analysis can give you a report that states what the AVM value is and what the REO value is.

The reason we love this report is because it is completed by a third party. Basically, 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 tool. We highly suggest that you sign up for it 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

A vastly critical issue 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 get around it.

Make certain that the lender you are working with on a short sale is not the lender where the house owner has a checking account. We have now had multiple people over the course of the previous couple weeks that have approached us on this topic. Both present 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 checking account without their consent.

We suppose that the note you signed for the mortgage is only secured to the house. It is not secured to the checking account. Yet, we suppose that the banks 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 seize the money from one account to apply it to another account. They are thieving it without any permission.

We don't know if this is right or unethical, but it is happening. So, there is a way around this. Ask your house owner up front where their checking and savings accounts are presently held. Make certain that if they are not held in the lender that you will be doing a short sale with. Without delay have them close down those accounts and get the money out. It is incredibly essential that you know this as short sale realtors and that you share this information with your clients.

Get the word out to other teams and your clients. Don't let this become a predicament for the people that you are trying to help through the short sale process. Also, please comment below if you have seen this happen previously. Let us know what banks are utilizing this tactic.

One extra thing to note, we will be in Las Vegas on August 25th with our Crush It short sales lecture. So, get 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 Chandler - Arizona Short Sale Specialist

Another extraordinary guest graces the pages of Short Sale Power Hour. Derek Gilbert runs a business in the Phoenix region 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 run your business much better with short sales than with REOs. There is a higher profitability in short sales that comes with that management. The average commission on REOs for Derek has only been roughly 1.5-2% with all of the overhead involved. Still, 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 specialist. There are so many unique resources that you can use to fight your way through a short sale. Many lenders will tell you that their procedure is to not pay full commission to real estate agents. Still, those rules can always be adjusted.

For illustration, many lenders will try to slash the commission if the realtors are from the same broker. Bear in mind that the lenders are not in the real estate trade. So, they do not necessarily recognize the real estate industry. You, as an agent, need to help them comprehend the real estate trade now and then to get the commission that you deserve.

With REOs, the bank 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 permit them to pay a discounted commission with a short sale. Bear in mind that they can attempt to discount your commission by one percent or they can incur an additional 10-12% from taking a house to foreclosure.

Don't permit the bank to slash your commission. Escalate up the chain of command if you need to. Sometimes you have to help the bank recognize 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 Mesa - Short Sale Arizona

We have brought a very well-known man back to Short Sale Power Hour. Rick Geha has joined us another time today. For persons who do not know him, Rick had the privilege of being on SSPH in February. Rick has been in real estate for more than 30 years now. Rick is a nationwide speaker for Keller Williams. He is a master faculty member who travels all over the nation. He has six Keller Williams teams.

Rick believes that the main part regarding lead generation is frame of mind. What is keeping you from lead generating? Every agent understands that creating some sort of lead generation activity each day will get you results. Nonetheless, there is such a big gap between the people that recognize this and the people that accomplish this. That act, moving from what you recognize to actually doing it, starts in your head.

It frustrates Rick because he has been seen the results of not doing lead generation frequently. Rick learned some interesting things. First, working on you becoming a better self is the best way to help your company. Surround yourself in life with people that see you as bigger than you see yourself. Encircle yourself with people who will defy 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 stop you. Are you ready to do what it takes? Rick is continuously reminded regarding how exciting life can be if you are ready to do the tedious basics and do things that are difficult.

When your complete life is spent making sure that the people around you are taken care of, without regard to what they will give you back, you will be a lead generation machine. If you enjoyed today's installment with Rick, post a statement below this and let him know that he ought to establish 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 Maricopa - Arizona Short Sale Specialist