Will My Credit Be Affected By Doing A Short Sale?
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.









Fred Weaver is a founding co-owner of Group 46:10. He has been working in the financing/real estate business for over 7 years. Fred began his real estate career by working for a large wholesale bank as a processor and rate/lock specialist for home mortgages. After 2 years in the business, Fred transferred from the banking side of home loans to the mortgage side. While on the mortgage side of financing, Fred gained experience originating mortgages and processing files for Morgan Capital of Arizona, Inc.
Kevin is a founding co-owner of Group 46:10. He began working in the real estate business in 2007 after spending 8 years working in the finance industry for companies such as Bank One, Green Tree Financial, & GE Capital.


