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

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

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Hi, my name is Kevin Kauffman, I'm with Keller Williams and Group 46:10, considered one of Phoenix's main real estate teams 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 3 calls per week from people identical to your self who have been doing research 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 occasions that now we have been in a position to build some relationships there and understand their process so we are able to 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 might be true for most people. I imagine that we perceive their process now and we know easy methods 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 got a loan with Desert Schools Federal Credit Union, and also you want to talk to any individual who has got the experience, then give us a call. We have dealt with them multiple times and we're positive that we are able to help you. We've got an nearly ninety% success rate, we've closed over 500 short sales now within the last four years. Once more, I'm with Group 46:10, Phoenix's main short sale teams. Give us a call. You may reach us at 480-449-6642 or just fill out a form right 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.

Closing in on a Foreclosure

Posted by webmaster on Jan 26, 2012 in Foreclosure | 0 comments

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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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Does a Short Sale Affect the Value of Property?

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

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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:

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

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

Hello, my name is Kevin Kauffman. I'm part of Group 46:10, one of the country's best short sale and real estate teams based right here in Phoenix. Are you having trouble making your mortgage payments or are tired of being underwater on your mortgage? We at Group 46:10 can provide you with different options to alleviate some of these problems. As one of the premiere short sale teams in the nation, we have completed over 500 short sales in the prior 4 years and have a completion rate of over 90%.

I'm here today to talk to you a little bit about short sales and tax ramifications. One of the issues that we hear quite frequently from potential clients is that they want to do a short sale, but are worried about the taxes they will have to pay after the sale. Perhaps you have 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 expires at the end of this year, permits 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're thinking about short selling your home, you need to act quickly because the transaction needs to be completed by the end of the year in order to qualify for The Mortgage Debt Relief Forgiveness Act.

Please call us 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 do not qualify for this act, don't let that keep you from short selling your home. We have a few different ways to avoid paying taxes as well. A qualified 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.