Will My Credit Be Affected By Doing A Short Sale?

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

Thank you for joining me, this is Kevin Kauffman, co-owner of Group 46:10, one of the leading real estate and short sale teams in Queen Creek; in fact, we are one of the top short sale companies throughout the nation. I’m here to talk to you today about short sales and credit; it’s currently one of the most commonly misunderstood things in the real estate world. I have people approach me quite frequently saying they have heard that if they do a short sale it is going to drop their credit score by 100 points and if they foreclose it will decrease by 200 points. I want to clear something up for you: there’s no formula or calculation to tell you how much your credit score is going to decrease. Everyone’s situation is different. It’s not even the short sale that affects your credit score. It does affect your credit report, meaning the writing and notes on your credit report, not your numbers. What hurts your numbers are things like missed payments. If you would like to reduce the impact to your credit score, it’s essential to begin and complete the short sale process right away.

That’s why it is 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 realtors are taking 6-7 months to get their short sales closed, 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 like 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 Legal Advice 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, Queen Creek’s number one short sale team. You probably found this weblog as a result of you are looking across the web for short sale information and one thing that is most likely going through your thoughts is do you have to get authorized advice. I have to let you know it’s not a bad idea. I actually suppose that authorized recommendation is a really good concept for somebody in your situation. The truth is, we advise all of our clients to go forward and obtain legal recommendation because I think that’s the finest route if you have any lingering questions at throughout the method and what to anticipate from a legal standpoint and what your liabilities are.

We are able to explain every thing really well. We can 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, however at the end of the day, you may not really feel snug with your grasp and it’s possible you’ll need to talk to an attorney. We’ve got truly partnered with one of the high local law companies here in the Queen Creek area to offer free recommendation for free of charge to you when it comes to doing a short sale in case you list with us.

Once more, I am Kevin Kauffman with Group 46:10, Queen Creek’s primary short sale team and we’re right here to help. If you want extra info on that, give us a call 602-492-4610, or you can even fill out a form on our website. Not only can we discuss to you about our expertise with short sales, however we can get you in front of one of many city’s prime attorneys to talk to you about your scenario and it does not even cost you a penny. This is likely one of the advantages to working with Group 46:10. Give us a call today 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 May It Take To Short Sale My Phoenix Region House

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 main short sale team, Group 4610. My business partner Fred Weaver and I use our blog to help educate Queen Creek householders on their choices for avoiding foreclosure on their underwater mortgage. Should 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 Queen Creek real estate options.

Immediately I wanted to talk with you about how long it might take to complete a short sale on your own home in Queen Creek. It is a question I hear from householders fairly often and thankfully there’s a fairly straightforward answer to understanding the short sale timeline. A year ago I’d have advised you anywhere from seven to eight months but present day our crew is closing short sales in 4 to 5 months on average. Thanks to the short sale market heating up in Queen Creek and our short sale process continuing to improve we have been capable of make great strides in getting fast approvals. This complete process begins by gathering all the paperwork 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 can have your file negotiated in just over forty five days.

As soon as your own home completes a twenty one day close of escrow interval we are only looking at three and half months from starting to end. So if you are contemplating a short sale please contact our team to get your file approved quickly. Thank you a lot and have an incredible 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 House?

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

Hi, my name is Kevin Kauffman, the co-owner of Group 46:10, certainly one of Queen Creek’s number one short sale teams. I am right here right now simply answering more of your questions. We get numerous emails, telephone calls and individuals are coming to us for recommendation on short sales. We’ve closed so a lot of them. In truth we have closed over 600 within the final couple of years and with an over 90% success rate. Because of this 9 out of 10 of our clients have efficiently averted foreclosure.

One of the questions that comes up often is about what to do if you have a home equity line of credit or HELOC and is it attainable to do a short sale? Well the straightforward answer is sure, you can do a short sale. The not so easy reply is this, most instances you might still end up owing the financial institution whether you do a short sale or not. This may be information that you simply didn’t need to hear, however unfortunately in the event you undergo a foreclosure, you have to cash out the home equity line of credit meaning you got this line of credit after you got the home. Any time after you bought the home and also you obtain cash on it, then completely you might be liable for the deficiency amount.

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

So believe it or not, unlike your first mortgage, the home equity line of credit is a lien against you personally. You’re personally answerable for it; it isn’t just against the property. So when we promote the property, we’re able to take some of those funds, apply it in direction of that balance and help reduce your liability.

Again, I am Kevin Kauffman with Group 46:10, certainly one of Queen Creek’s main 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 might help you out. You possibly can reach us at 602-492-4610. Thanks a lot, have an amazing day and we look forward to speaking 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.