Closing in on a Foreclosure

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

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

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

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:

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

Are You Worried About Tax Ramifications With Your 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 leading short sale and real estate businesses based right here in Mesa. Are you struggling to make 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 issues. As one of the premiere short sale businesses in the nation, we have finalized more than 500 short sales in the past 4 years and have a completion rate of over 90%.

I'm here today to discuss 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 concerned about the taxes they'll 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 want to find out more.

The Mortgage Debt Relief Forgiveness Act, which ends at the end of this year, permits homeowners, such as yourself, to not pay taxes on the forgiven amount if the house is their primary residence and the selling price is less than $2.5million. If you are thinking about short selling your house, you need to act quickly because the transaction needs to be finalized by the end of the year 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 do not qualify for this act, don't let that keep you from short selling your house. We have a few other ways to avoid paying taxes as well. A practiced short sale specialist, 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.

What Are Your Short Sale Options?

Posted by webmaster on Jan 24, 2012 in Uncategorized | 0 comments

Hi, are you contemplating a short sale but you are not fairly sure of what your choices are? Well, my name is Kevin Kauffman and I am a part of Group 46:10, Mesa's premiere short sale group and Mesa's premiere short sale team. I'm here to let you know that you just do have options and I would love to speak to you about them. My group and I have closed over 500 short sales in the last four years. We're right here to help you so in the event you need any assistance, whether you have an FHA mortgage or maybe you have obtained a VA loan, we will help. Perhaps you are unsure because there are totally different rules around FHA and VA loans compared to loans with your typical credit union or with Bank of America or Wells Fargo.

Come to the specialists and get a free consultation with us. We'd love to speak to you about what your options are. We've worked with each bank out there. We've worked with over 100 banks. We've dealt with Fannie Mae and Freddie Mac, and FHA and VA, and anyone and everybody in between and we know that we will help you.

So please give us a call today. You'll be able to reach us at 480-449-6642. You can even fill out a form right here on our website. If you happen to’re not on our website, you possibly can go to us at Group4610shortsale.com. Right here you will get your free short sale decision calculator results as well as request an in person meeting. We'd love to talk to you about your choices and if a short sale is right for you, we would love to help you. Thanks rather a lot and have an awesome 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.