Is it Tough to Work with Desert Schools Credit Union on Completing 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, considered one of Maricopa’s leading real estate groups specializing in short sales. I am right here to talk to you as we speak about Desert Schools Federal Credit Union. I get about 2 or three calls a week from people just like your self who’ve been doing analysis on Desert Schools Federal Credit Union and whether or not or not they will do a short sale with them. I got to tell you, Desert Schools has been tough to work with. Over time now we have worked with them so many times that we now have been in a position to construct some relationships there and understand their process so we will better serve our clients and their members.

Many people come to us because they have heard that it is tough to work with Desert Schools Federal Credit Union and you understand what, that could possibly be true for most people. I believe that we understand their process now and we know the right way to best set up our clients for success in a short sale with Desert Schools Federal Credit Union.

So, if that’s you and you have a mortgage with Desert Schools Federal Credit Union, and also you wish to talk to somebody who has got the expertise, then give us a call. We have handled them a number of instances and we’re certain that we are able to help you. We have an almost 90% success rate, we have closed over 500 short sales now in the last 4 years. Again, I’m with Group 46:10, Maricopa’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 talk 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.

Avoid Foreclosure by Refinancing Your Mortgage With Obama’s Stimulus

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

Mortgage refinancing to avoid foreclosure is becoming an increasingly popular option for many homeowners. Whether they have a bad increasing mortgage, are facing financial hardships, or just need a lower monthly home loan payment, the Governments “Making Home Affordable” plan can help.

This plan is part of a $75 billion mortgage bailout program which helps struggling homeowners keep their home and avoid foreclosure, or defaulting on their mortgage. This plan is designed to help the millions of homeowners who need lower monthly payments. This will be done by giving money to mortgage lenders and banks as an incentive to approve struggling homeowners for refinancing or home loan modification. This money, besides covering any closing costs the homeowner may incur, will cover a lot of the financial risks the mortgage lender takes on with a struggling homeowner.

What this means for homeowners is easier, more flexible, and more beneficial refinancing and mortgage modification options than ever before. Homeowners who have been denied, do not have enough equity in their home, or owe more on the mortgage than the homes worth, can get approved for home loan assistance. Before this plan existed, these homeowners were pretty much out of luck and on their own. Now though, with the record foreclosure rates, and people losing their homes everywhere, things have changed for the benefit of the homeowner.

With so many advantages for homeowners, this plan will help millions of people. Besides helping individual homeowners, the overall housing market, and economy, will see a benefit from this. With such a massive number of people losing their homes, no one benefits. Mortgage lenders, banks, and the Government have stepped in to help homeowners, and you need to take advantage.

At my site I will teach you how to properly refinance or modify a home mortgage saving you thousands of dollars, or even your home. A lot of Greedy Mortgage Lenders will try to suck you dry if you let them. Learn the right way to refinance or modify your home loan at my site: http://www.refinancingcondo.com

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

Are You Concerned About Tax Ramifications In Doing A Short Sale?

Posted by webmaster on Jan 25, 2012 in Uncategorized | 0 comments

Hello, I am Kevin Kauffman. I am part of Group 46:10, one of the nation’s premiere short sale and real estate teams located right here in Maricopa. Are you having trouble making your mortgage payments or are tired of being upside down on your home loan? We at Group 46:10 can provide you with various alternatives to alleviate some of these struggles. As one of the leading short sale businesses in the country, we’ve finalized more than 500 short sales in the prior 4 years and have a closure rate of over 90%.

I’m here today to talk to you a little bit about short sales and tax ramifications. One of the concerns that we hear quite often from prospective customers is that they would like to short sell their home, but are worried about the taxes they will have to pay after the sale. Maybe you’ve heard from other people that have done short sales that there were some tax liabilities and wish to find out more.

The Mortgage Debt Relief Forgiveness Act, which ends at the end of 2012, allows homeowners, such as yourself, to not pay taxes on the forgiven amount if the property 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 needs 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 particular situation. If you don’t qualify for this act, don’t let that keep you from short selling your propety. We have a few different ways to avoid paying taxes as well. A skilled short sale expert, 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.

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

The Credit Problems of a Short Sale Vs Foreclosure

Posted by webmaster on Jan 25, 2012 in Short Sale Arizona - Phoenix - Queen Creek | 0 comments

It seems that in some towns in California, Michigan and Florida, nearly one is three homes you drive by are for sale. Most likely these homes are not simply voluntary sales by sellers looking to simply move, but rather, a short sale or a foreclosure. More and more homes are going into foreclosure in this economy, or at least being sold short. A short sale is when a homeowner is under water and agrees with the bank to sell the home for less than what is owed on the mortgage. A Foreclosure is simply the bank repossessing your home.

So, what are the credit advantages of a Short sale over a foreclosure?

If you have to foreclose on your home, you will not only have the embarrassment of being kicked out of the place you are living, but also take quite a hit on your credit score. The average drop in your Credit score will be between 200-300 points. In addition to this, you will not be able to buy a new home on credit for 7 years. For a short sale, the credit score drop can still be up to 300 points, however, as of late it seems like the drop is more in the 100-200 point range. Unlike with a foreclosure, the person will be able to purchase a new home after a 2 year waiting period usually.

The one advantage of going the foreclosure route instead of selling your home short is that you can usually live in the foreclosed home for 4-12 months, mortgage free, in a foreclosure, until the bank forces you to vacate.

Neither option is something anyone ever wants to go through, however it’s nice to know the positives and negatives of each, just in case you are in the ever growing group that has to make these decisions.

Check out more information on Credit scores and also the Credit Forum

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