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Short Sale Agents Take Care Of You

Published February 5, 2011 in Bank America Short Sales - 0 Comments

My First Short Sale

Hi! Welcome to Group 46:10’s short sale website. We are Kevin Kauffman and Fred Weaver, Arizona’s premier short sale realtors. There are a lot of excellent pieces of information on this blog to help Arizona property owners stay up to date or get educated concerning short sales in Arizona. We have closed higher than 300 short sales over the past few years at a very high success rate. So, we have lots of good quality information to share with you.

We also have some great news to share with you at present. When you work with Group 4610 on your short sale, we are going to educate you. We take pleasure in making sure that you have your questions answered. Too frequently, people in the commerce simply want to turn out a quick buck. However, we are going to exhaust the time with you to resolve any and all questions that you might have.

Additionally, when you choose to work with us, you do not have to worry about dealing with the lender any longer. We take care of calling the bank and faxing in your paperwork and the hours of hold time. We get all of that off your shoulders. We are not going to leave you in the dark though. We have a routine that will actually update you on your short sale transaction in real time, 24 hours a day. You can rest easy knowing that you do not have to worry and deal with the lender. You can capture a deep breath and grasp a sigh of relief.

We would like to speak to you more regarding your options. Please fill out a form on our website concerning your Arizona short sale. We look forward to speaking with you.

Short sale FAQs and more.

Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona

2011: Short Sale Help

Published February 3, 2011 in Bank America Short Sales - 0 Comments

When a homeowner considers a short sale one of the first steps is talking with a Realtor.The Realtor can put together the right plan to generate interest and hopefully gain an offer, But is it enough?.  The problem today is many buyers steer clear of short sales.

Why do buyers avoid short sales? 

Here are a two main reasons a buyer won’t pursue short sales in 2011:

  • Difficult to close because lender must approve the loss
  • Too much competition from bank owned properties

If you need a short sale what can you do?

An unconventional approach that gained more popularity in 2010, and certainly will in 2011, is to work with a local short sale investor.  A local short sale investor can bring a number of benefits to the table for the homeowner.  They may be the type of knowledgeable buyer that is needed to avoid foreclosure.

Working with an investor, can be one of the best options for the homeowner because the investor usually has a much better understanding of the difficult sales process.  In other words, it means the investor is more likely to stay in the transaction until it closes   This, of course, means a better opportunity for the homeowner to avoid foreclosure.

The next question may be: How do I find a local investor who is experienced with short sales?

The answer is actually quite simple: Just search the internet for an investor.These investors are out there. They’re located in every market and looking for properties to buy.

To find your local short sale investor you can use Google of Yahoo.  Search terms such as “short sale” and your city such as Phoenix Short Sale for and investor such as ShortSaleHelpMaricopaCounty.com, or Los Angeles Short Sale for an experienced team such as FreedomShortSaleBuyers.com.  Or try something like Dallas Short Sale Realtor for a knowledgeable Realtor with investor connections such as dallas-shortsale-realtor.com. 

 

Working With Second Lien Holders During A Short Sale

Published February 3, 2011 in Bank America Short Sales - 0 Comments

Short Sale Power Hour

We would like to talk about second liens today. In the last few classes we have had tons of questions concerning dealing with second liens. We teach a quite complicated approach concerning multiple HUDs in our short sale Crush It package. However, i’m not going to go into that progression.

We identify that the second lien holder always needs more. Here is the very first thing you should do. Set them up to expect very little. Put a few hundred dollars on the HUD or just a few percent of their loan. Then go to the primary lender and inform them that the second is looking for 20% of their loan remainder. The plan is easy. The second lien holder continually wants more.

Once in a while we get approvals without having to dispatch numerous HUDs. But, that only occurs when it is the lenders’ own portfolio. So, the first word of advice is to merely lower the expectations.

The second thing to keep in mind is that you have to remove yourself from thinking about how much the second lien holder is owed. That is exactly what the second lien holder wants you to contemplate. Realize that you will hear some extremely direct negotiation strategy from second lien holders. Nonetheless, this is not about you. They just want the money and you have to uncover a way to make that work. If you have not perfected it yet, check out our video coaching series. We go into a very detailed plan on how we handle first lender versus second bank.

We will close it up with this reminder. The second lender has no negotiating position. There is a little strategy with this process, but know that they have no negotiating position. If the house goes to foreclosure, the second lien holder gets Nil!

Short sale FAQs and more.

Get powered up by Kevin and Fred at Short Sale Power Hour by the Short Sale Specialists of Arizona

A Word Of Warning About Loan Modification Letters

Published February 2, 2011 in Bank America Short Sales - 0 Comments

Sold By Short Sale

Thank you for joining me. I would like to share a story with you today. I met with a friend the other day who is late on their mortgage. He and his spouse came to our office and showed us all of the distinctive mail that they have been getting from different kinds of companies that are offering to help them out of their existing situation. Let me warn you right now. The great majority of those companies are scam artists. It is merely a group of people looking to benefit from other people’s problems.

When i looked at their circumstances, in reality the have a decent loan. Their interest rate was below 5%, but the problem is that they’re making significantly less than they were when they originally purchased the residence. I looked over a few of these mail and most of them offered to help with a loan mod for about $2000. This is a complete waste of time and funds.

My understanding is this. If you require help obtaining your loan modification, give me a call and I will help you do it. You can complete it on your own at no charge. I will show you what the bank is looking for and how to begin the procedure. But don’t give in to these third party businesses that ask for money and then perform the loan modification. That is what’s different about agents. We perform the job and after that get paid. We are counting on our knowledge to get your Wilmington, DE/Philadelphia residence sold and then we get rewarded. These companies are asking for cash up front.

Some specialists charge a small up front fee, but that is to deal with the immediate cost related with submitting a short sale.

I would like to talk to you about a loan modification with your Wilmington, DE/Philadelphia house. I was born and raised by Wilmington, DE/Philadelphia and I care about our community. If a loan mod is workable, I can show you how to do it. For more details on loan modification or a short sale of your Wilmington, DE/Philadelphia home, contact us now or sign up for our webinar. Please do not hesitate to call me. I’m here to help you deal with your Wilmington, DE/Philadelphia property.

Philadelphia Sold By Short Sale can answer your questions. We are Philadelphia and Wilmington Foreclosure Avoidance and Short Sale Specialists.

Get more help from Philadelphia short sale Realtor, Matt Fetick, at Sold By Short Sale presented by the Premier Short Sale Realtor in Philadelphia and Wilmington

Building Urgency With Short Sale Homeowners

Published February 2, 2011 in Bank America Short Sales - 0 Comments

Short Sale Power Hour

We are a couple weeks from the close of the year and there are lots of things going on with homeowners across the country. We have seen a change in homeowners minds as it relates to short sales, loan mods, and foreclosure.

It is a bit more difficult this time of year. Many potential customers just want to get past the holidays before they deal with their house. Despite this idea, we have to continue to create urgency with prospective sellers.

We were reading today on the subject of homeowners that are being denied loan mods and trial loan mods. You have to be able to employ real information to put urgency into these potential clients.

Here is what is really going on. The HAMP plan will help steer clear of foreclosure for 800,000 homeowners by the wrap of 2012. It was supposed to help 3 to 4 million. Through the end of October, they have completed about 500,000 loan mods. Nonetheless, the 90 day delinquency rate is over 20%. The Treasury expects a 40% redefault rate over a five year period. Something else to impart with homeowners, conversions from a trial loan mod to a permanent loan mod have dropped every month ever since June.

Trial modifications are really just an application fee to look at your file. It’s a few months of payments before the homeowner has to do something else. You have GOT to put this information into your possible clients’ hands. If you are tired of homeowners getting taken advantage of, this information has to be brought to the attention of homeowners.

Do not forget about our holiday sale. All of our teaching materials are on sale Thursday and Friday, December 16th and 17th. We’ve reduced prices severely to help you help homeowners.

Short sale FAQs and more.

Get powered up by Kevin and Fred at Short Sale Power Hour by the Short Sale Specialists of Arizona

The Foreclosure Procedure And How To Prevent It

Published February 2, 2011 in Bank America Short Sales - 0 Comments

Sold By Short Sale

Hello, I’m Matt Fetick with Sold By Short Sale, Philadelphia and Delaware’s premier short sale realtor. Do you have questions about foreclosure? Do you wonder how the procedure works? We will attempt to satisfy some of those questions now. When you purchased your property, you made a commitment to the lender. Unfortunately, there are many different reasons why people fall behind on their mortgage payments. It could be a separation, drop in income, health challenges or medical bills. Many people find themselves in this situation.

Here is what happens. When a property owner is behind by three payments, the mortage company will start in on the process to foreclose on the home. This procedure can look different in different states. In the Philadelphia and Delaware area, the lender will file an action at the community courthouse. The homeowner is then served a letter and a hearing day is set. More often than not, the homeowners don’t show up and the lender shows that you failed to make payments. When this is done, the judge will find in favor of the bank.

Keep in mind, in Philadelphia and Delaware you always have the option of getting caught up on your payments and stopping foreclosure actions. If you can not do this, the bank will hold an auction for your home. That cash is then used to fulfill the mortgage.

You can also end your foreclosure by selling your house by the use of short sale. If you give us an opportunity to get an offer on your property the lender will commonly stop or extend the foreclosure proceeding. The banks do not want to take your home from you. They only want to get their money back.

We would encourage you to give us a call if a Philadelphia and Delaware short sale can help you end foreclosure.

Philadelphia Sold By Short Sale can answer your questions. We are Philadelphia and Wilmington Foreclosure Avoidance and Short Sale Specialists.

Get more help from Philadelphia short sale Realtor, Matt Fetick, at Sold By Short Sale presented by the Premier Short Sale Realtor in Philadelphia and Wilmington

Property Investor Businesses Buying Short Sales

Published February 1, 2011 in Bank America Short Sales - 0 Comments

Short Sale Shift

Thank you for tuning in to our blog. Happy New Year. It’s a new year and another year to help as many Minneapolis homeowners as possible. We plot our goals, but for each person we assist there are thousands that aren’t receiving help. With a target to help several hundred homeowners throughout a Minneapolis short sale, we’re ready to help you.

Now we wanted to chat about something that you may have seen or heard recently. Property investor businesses are trying to obtain your short sale without advertising it to the public. We are comfortable with property investors helping us correct this market. However, lots of of our Minneapolis short sale patrons are getting contacted by these businesses. They are trying to get our short sale customers without the house going to the market. They try to put in a very low proposal and then negotiate with the lender themselves. There are some things wrong with that. The bank requires you to sign documents that says the investor is not negotiating the short sale.

The worst part of this process is that the Minneapolis house isn’t being put on the market. The lenders want to be certain that the home is on the market and obtaining the best offer. When you get to a point that the bank will have to accept an offer, you can find trouble with how much the shortage is between what the home sells for and what is due on the loan. To be clear, the short sale route is a complicated one. We believe that it is the best interest of Minneapolis potential customers to list their property on the MLS and show the lender that they are receiving the highest offer possible.

Minnesota Short Sale Shift can answer your questions. We are Minnesota’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota

Have You Gotten A Notice Of Default? What Now?

Published February 1, 2011 in Bank America Short Sales - 0 Comments

The Capstone Team

Today, we would really like to speak about something that we hear from Bay Area homeowners on a regular basis. Being Bay Area short sale agents, we talk with homeowners each day about their concerns.

The tale is very common to us; a homeowner has received a Notice of Default and wishes to know what they should do next. The homeowner doesn’t want to lose their home, nevertheless, at this phase their options are very limited. Once a Notice of Default is sent by your bank, the time has passed to be able to do a loan modification, or otherwise complete some sort of workout plan. Your options at this instant are generally the following:

Do nothing – You will lose your house to foreclosure

File for Bankruptcy – Frequently this delays a foreclosure, but does not stop it

Do a Short Sale – Allows you to buy a property again in 2 years

No one wants to lose their Bay Area home, however, in a lot of situations it is inevitable. The major causes of ending up in a situation include health issues, job loss and death of a income earner. There are other situations that will lead to a homeowner being unable to pay their mortgage, but they are less ordinary. Nonetheless, at this tough time, it is really vital to take a mental step back from the circumstances, look to the future, and plot a route to financial well-being. Since the beginning of the economic calamity, we are seeing many people that have made the decision to execute a short sale, and are now, a couple of years later, have the credit and the financial power to purchase a home again.

For more details on what your choices are with your Bay Area house, give us a call and we can look at your circumstances with you to determine what the best solution for you and your family is.

The Capstone Team can answer your questions. We are Bay Area Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtors, Derick and Andrea, at The Capstone Team presented by the Short Sale Specialists of the Bay Area

Ways To Avoid Foreclosure Through The Holiday Time

Published January 31, 2011 in Bank America Short Sales - 0 Comments

Sold By Short Sale

Right now we are going into the holiday time. It’s that time between Thanksgiving and the New Year where everyone from diverse kinds of faith and upbringing start to observe the holidays. It is supposed to be a period where families get together to share and rest. If you are a Wilmington, DE/Philadelphia homeowner watching this video, you are perhaps among a rising group of people that don’t feel like you have much to be thankful for any longer. Perhaps you are in arrears on your mortgage. Perhaps you have had a job loss, divorce, or health bills that have not permitted you to keep up with your mortgage.

With that in mind, it is hard to be grateful for anything. However, as hard and tough as these times might be, you have options in dealing with your Wilmington, DE/Philadelphia home. There are ways that you can utilize that will help you overcome your current situation.

It may not be simple and it can certainly be frustrating. However, in the end, this can be a period of time that you look back on and appreciate that you weathered the storm. If you are facing foreclosure or are upside down in your Wilmington, DE/Philadelphia property and must sell, we can provide realistic options for you and your Wilmington, DE/Philadelphia home. Those choices include loan modifications, deed in lieu of foreclosure, and short sales.

I would be happy to chat about those options with you. My team has a vast knowledge of the present market and we can be a valuable resource to you and your family.

There are a couple of ways that we can help you. Firstly, you can join one of our free webinars where we share the different ways to duck foreclosure on your Wilmington, DE/Philadelphia house. If that doesn’t work for you, you can also ask for a free over the phone session with me regarding your Wilmington, DE/Philadelphia house. I look forward to chatting to you and wish you and your family the best throughout this holiday season.

Philadelphia Sold By Short Sale can answer your questions. We are Philadelphia and Wilmington Foreclosure Avoidance and Short Sale Specialists.

Get more help from Philadelphia short sale Realtor, Matt Fetick, at Sold By Short Sale presented by the Premier Short Sale Realtor in Philadelphia and Wilmington

Tax Responsibility With Short Sales

Published January 31, 2011 in Bank America Short Sales - 0 Comments

Orlando Short Sale Expert

Good afternoon. Thank you for stopping to view our video. I am Mark Alan Adams, founder of the Mark Alan Adams group. We are Orlando’s leading short sale group. Today we wanted to present you some data about taxes and short sales. Before we go to far, let me tell you that we aren’t CPA’s or licensed to give tax information in any way. Therefore, please remember that as we chat with you today.

One of the main questions we receive from Orlando homeowners is regarding tax responsibility with a Orlando short sale. Orlando vicinity homeowners want to know if they are going to get taxed on the difference between what the residence sells for and what they owe the bank. The simple answer is yes. You will get a 1099 tax form from your bank. Many homeowners think that they ought to merely let the property go to foreclosure so that they don’t get taxed for it. This is inaccurate information. You will be given a 1099 either way. There are two different types of 1099 forms.

There is a 1099a, which is used for abandonment and a 1099c which is for cancellation of debit. Either way you will be given a 1099. When you obtain a 1099, the first thing you have to do is take it to your accountant or tax expert. They will be familiar with what to do with it.

As far as paying the taxes, there are two options to evade tax liability. The first means is with the Debt Relief Forgiveness Act of 2007. This action relieves the bulk of homeowners from any tax liability. Remember that you do have to meet the requirements for it. The second way is through insolvency. You can meet the requirements for insolvency by going to the IRS website search for form 982. Download that form and fill it out. If you meet the requirements you will be relieved of any tax liability.

If you are presently viewing this video on our blog, orlandoshortsaleexpert.info, you can download our complimentary short sale package. Even if you decide not to hire us to aid with your Orlando short sale it has lots of great details regarding short sales and it’s free! Hopefully, we will be in touch shortly.

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale expert, Mark Alan Adams, at Orlando Short Sale Expert presented by the Short Sale Specialists of Orlando