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

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

Thank you for joining me, my name is Kevin Kauffman, co-owner of Group 46:10, one of the leading real estate and short sale teams in Avondale; in fact, we are one of the leading short sale businesses in the country. I am here to talk to you today about short sales and credit; it is currently one of the most commonly misunderstood things in the real estate world. I have individuals approach me regularly saying they’ve heard that if they do a short sale it’s going to decrease their credit score by 100 points and if they foreclose it will decrease by 200 points. I want to clarify something for you: there is no formula or calculation to tell you how much your credit score is going to drop. Everyone’s situation is unique. It is not even the short sale that impacts your credit score. It does impact your credit report, meaning the writing and notes on your credit report, not your numbers. What affects your numbers are things like missed payments. If you would like to decrease the impact to your credit score, it’s essential to begin and complete the short sale process right away.

That’s why it’s important to work with a team like ours, Group 46:10, who has over a 90% success rate with short sale closings. We actually complete short sales in about 3-4 months currently. Most real estate agents are taking 6-7 months to get their short sales completed, but not Group 46:10. Call us at 602-492-4610 and let us know what we can do to assist you. We’d like to talk to you about your underwater mortgage and what we can do to relieve you of your distressed property 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 Legal Recommendation For My Short Sale?

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

Hello, my name is Kevin Kauffman and I’m with Group 46:10, Avondale’s primary short sale team. You probably found this blog because you’re looking across the web for short sale information and one factor that is probably going through your thoughts is should you get legal advice. I have to inform you it’s not a bad idea. I actually assume that authorized advice is a extremely good concept for somebody in your situation. Actually, we advise all of our clients to go ahead and obtain authorized recommendation because I believe that is the best route when you’ve got any lingering questions at throughout the process and what to anticipate from a legal standpoint and what your liabilities are.

We will clarify every little thing really well. We are able to share with you our expertise of having closed well over 600 short sales within the last couple of years. We can clarify all that to you, but on the end of the day, it’s possible you’ll not really feel snug with your grasp and you might wish to discuss to an attorney. We’ve got really partnered with one of the high local law companies here in the Avondale area to supply free recommendation at no cost to you in terms of doing a short sale if you list with us.

Once more, I am Kevin Kauffman with Group 46:10, Avondale’s primary short sale team and we’re here to help. If you need extra information 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 talk to you about our expertise with short sales, however we are able to get you in front of one of the city’s top attorneys to talk to you about your state of affairs and it does not even cost you a penny. This is likely one of the benefits to working with Group 46:10. Give us a call at the moment and we look ahead 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 Will It Take To Short Sale My Phoenix Region Residence

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

Hello everyone my name is Kevin Kaufmann and I’m the co-founder of the nations leading short sale group, Group 4610. My business partner Fred Weaver and I use our blog to help educate Avondale owners on their options for avoiding foreclosure on their underwater mortgage. In case you can no longer afford your mortgage, or if a short sale makes probably the most business sense, stop by my website or contact me directly to discuss all of our Avondale real estate options.

At this time I wanted to speak with you about how long it may take to complete a short sale on your house in Avondale. It is a question I hear from homeowners fairly often and fortunately there is a fairly simple answer to understanding the short sale timeline. A year ago I’d have told you anywhere from seven to eight months but present day our crew is closing short sales in four to five months on average. Thanks to the short sale market heating up in Avondale and our short sale process continuing to enhance we have been in a position to make great strides in getting fast approvals. This complete process starts by accumulating all the documents you will have as a way to submit a short sale file to your lender. Once we have your paperwork our crew will begin advertising your property over a one to two week span. Once we find a purchaser we are able to have your file negotiated in just over 45 days.

Once your house completes a twenty one day close of escrow period we’re only taking a look at three and half months from starting to end. So if you’re contemplating a short sale please contact our crew to get your file approved quickly. Thank you so much and have a terrific 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 Contemplating Short Selling Your Home?

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

Hi, my name is Kevin Kauffman, the co-owner of Group 46:10, considered one of Avondale’s primary short sale teams. I’m here right now simply answering more of your questions. We get numerous emails, telephone calls and individuals are coming to us for advice on short sales. We have closed so lots of them. Actually we have closed over 600 in the final couple of years and with an over ninety% success rate. Which means 9 out of 10 of our shoppers have efficiently prevented foreclosure.

One of the questions that comes up continuously is about what to do when you have a home equity line of credit or HELOC and is it doable to do a short sale? Well the straightforward answer is yes, you are able to do a short sale. The not so simple answer is this, most occasions you may still end up owing the bank whether you do a short sale or not. This can be news that you just didn’t need to hear, but sadly in the event you undergo a foreclosure, you have to cash out the home equity line of credit which means you got this line of credit after you bought the home. Any time after you bought the home and you obtain cash on it, then completely you could possibly be responsible for the deficiency amount.

We’re experts at getting that deficiency amount negotiated down and in some circumstances our clients are able to walk away owing nothing. Some walk away paying as little as 5-10% of that balance. We are ready to try this because by means of the short sale process, we get the other lender to help pay for that home equity line of credit by the sale of the home.

So consider it or not, not like your first mortgage, the home equity line of credit is a lien against you personally. You might be personally responsible for it; it is not simply in opposition to the property. So when we sell the property, we’re in a position to take some of those funds, apply it in the direction of that balance and help reduce your liability.

Once more, I am Kevin Kauffman with Group 46:10, one of Avondale’s leading short sale groups and we’re right here to help. If you would like extra info on short sales or the short sale process, give us a call. We’re specialists in home equity lines of credit and short sales and we will help you out. You’ll be able to reach us at 602-492-4610. Thanks a lot, have an excellent day and we look forward 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.