Will My Credit Be Impacted If I Do A Short Sale?

Posted by webmaster on May 20, 2012 in Uncategorized | 0 comments

Thank you for joining me, I am Kevin Kauffman, co-owner of Group 46:10, one of the top real estate and short sale businesses in Mesa; in fact, we're one of the premiere short sale teams throughout the country. I am here to talk to you today about short sales and credit; it's currently one of the most commonly misunderstood topics in the real estate world. I have individuals approach me quite frequently saying they've heard that if they do a short sale it's going to negatively impact their credit score by 100 points and if they foreclose it'll drop by 200 points. I want to clarify something for you: there's no formula or calculation to tell you how much your credit score is going to drop. Everyone's situation is different. It is not even the short sale that hurts your credit score. It does impact your credit report, meaning the writing and notes on your credit report, not your numbers. What impacts your numbers are things like missed payments. If you would like to decrease the impact to your credit score, it is essential to start and complete the short sale process immediately.

That's why it is important to work with a team like ours, Group 46:10, we have over a 90% success rate with short sale completions. We actually close short sales in about 3-4 months right now. Most short sale agents are taking 6-7 months to get their short sales done, but not Group 46:10. Give us a call at 602-492-4610 and let us know what we can do to assist you. We'd love to talk to you about your underwater mortgage and what we can do to relieve you of your distressed home and get you working towards a better financial future. Please contact us with all of your short sale questions today.

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.

Should I Get Authorized Advice For My Short Sale?

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

Hi, my name is Kevin Kauffman and I'm with Group 46:10, Mesa's number one short sale team. You in all probability discovered this blog as a result of you are looking across the internet for short sale info and one factor that is most likely going through your thoughts is must you get legal advice. I have to tell you it is not a bad idea. I actually think that legal advice is a really good thought for somebody in your situation. In reality, we advise all of our clients to go forward and acquire legal recommendation because I think that is the greatest route when you have any lingering questions at all around the process and what to expect from a authorized standpoint and what your liabilities are.

We are able to clarify all the pieces really well. We will share with you our experience of having closed well over 600 short sales in the last couple of years. We are able to clarify all that to you, but at the end of the day, you may not really feel comfortable with your grasp and it's possible you'll wish to discuss to an attorney. We have now truly partnered with one of many high local law corporations right here within the Mesa area to offer free advice at no cost to you with regards to doing a short sale in case you list with us.

Once more, I am Kevin Kauffman with Group 46:10, Mesa's number one short sale team and we're here to help. If you want more info on that, give us a call 602-492-4610, or you may as well fill out a form on our website. Not only can we discuss to you about our experience with short sales, but we will get you in front of one of the city's top attorneys to talk to you about your scenario and it does not even cost you a penny. This is one of the benefits to working with Group 46:10. Give us a call at present 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.

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

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

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

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

At the moment I wanted to talk with you about how long it may take to complete a short sale on your own home in Mesa. This is a question I hear from owners fairly often and thankfully there is a pretty straightforward answer to understanding the short sale timeline. A year ago I would have instructed you anywhere from seven to eight months but present day our staff is closing short sales in 4 to 5 months on average. Because of the short sale market heating up in Mesa and our short sale process continuing to enhance we have been able to make great strides in getting fast approvals. This complete process starts by accumulating all the paperwork you'll need to be able to submit a short sale file to your lender. As soon as we have your paperwork our staff will start advertising and marketing your property over a one to 2 week span. As soon as we find a purchaser we can have your file negotiated in just over 45 days.

Once your own home completes a twenty one day close of escrow period we are only taking a look at three and half months from starting to end. So if you are considering a short sale please contact our group to get your file approved quickly. Thank you so much and have an important 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 Kauffman and Fred Weaver of Group 46:10, Short Sale Specialists, on the daily Short Sale Power Hour.

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

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

Hello, my name is Kevin Kauffman, the co-owner of Group 46:10, considered one of Mesa's number one short sale teams. I'm here right now just answering more of your questions. We get a number of emails, phone calls and people are coming to us for advice on short sales. We have closed so many of them. Actually we have closed over 600 in the final couple of years and with an over ninety% success rate. This means that 9 out of 10 of our purchasers have efficiently prevented foreclosure.

One of the questions that comes up continuously is about what to do if in case you have a home equity line of credit or HELOC and is it attainable to do a short sale? Well the straightforward answer is yes, you can do a short sale. The not so simple reply is this, most occasions you would nonetheless find yourself owing the bank whether or not you do a short sale or not. This can be information that you simply did not want to hear, however sadly if you happen to undergo a foreclosure, you have 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 bought the home and you receive money on it, then absolutely you might be accountable for the deficiency amount.

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

So consider it or not, unlike your first mortgage, the home equity line of credit is a lien against you personally. You're personally accountable for it; it is not just against the property. So after we promote the property, we are in a position to take a few of these funds, apply it in the direction of that balance and help cut back your liability.

Again, I'm Kevin Kauffman with Group 46:10, certainly one of Mesa's leading short sale groups and we're here to help. If you would like extra 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 can help you out. You can reach us at 602-492-4610. Thanks so much, have an amazing day and we look ahead 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.