Is it Difficult to Work with Desert Schools Credit Union on Finishing a Short Sale?

Posted by webmaster on Jan 27, 2012 in Uncategorized | 0 comments

Hi, my name is Kevin Kauffman, I’m with Keller Williams and Group 46:10, one of Phoenix’s main real estate groups specializing in short sales. I am here to talk to you at present about Desert Schools Federal Credit Union. I get about 2 or 3 calls every week from folks similar to your self who’ve been doing research on Desert Schools Federal Credit Union and whether or not they can do a short sale with them. I got to tell you, Desert Schools has been tough to work with. Over the years we have now worked with them so many instances that we have now been able to build some relationships there and understand their process so we can better serve our clients and their members.

Many individuals come to us as a result of they have heard that it’s tough to work with Desert Schools Federal Credit Union and you understand what, that could be true for most people. I imagine that we understand their process now and we know how you can best set up our clients for success in a short sale with Desert Schools Federal Credit Union.

So, if that’s you and you’ve got a loan with Desert Schools Federal Credit Union, and also you want to speak to someone who has got the experience, then give us a call. We have handled them a number of occasions and we’re positive that we are able to help you. We’ve got an almost 90% success rate, we have closed over 500 short sales now in the last four years. Once more, I’m with Group 46:10, Phoenix’s main short sale teams. Give us a call. You may reach us at 480-449-6642 or just fill out a form right here on the website at Group4610shortsale.com. We’ll speak 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.

For more videos on short sales check out Kevin and Fred 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

Hi, I am Kevin Kauffman. I’m part of Group 46:10, one of the nation’s premiere short sale and real estate teams located right here in Phoenix. Are you having trouble making your mortgage payments or are tired of being upside down on your home loan? We at Group 46:10 can provide you with different options to alleviate some of these issues. As one of the top short sale businesses in the nation, we have completed more than 500 short sales in the prior 4 years and have a closure rate of over 90%.

I am here today to discuss short sales and tax ramifications. One of the issues that we hear quite often from prospective clients is that they want to short sell their home, but are worried about the taxes they’ll have to pay after the sale. Maybe you’ve heard from others that have done short sales that there were some tax liabilities and want to find out more.

The Mortgage Debt Relief Forgiveness Act, which expires at the end of 2012, allows 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’re thinking about short selling your home, you need to act quickly because the transaction has to be closed 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 specific situation. If you do not qualify for this act, don’t let that stop you from short selling your propety. We have a few other ways to avoid paying taxes as well. A qualified short sale expert, 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 and Fred, Short Sale Specialists, on the Short Sale Power Hour. Video for Short Sale Specialists.

What Are Your Short Sale Choices?

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

Hi, are you considering a short sale however you’re not quite sure of what your options are? Well, my name is Kevin Kauffman and I’m part of Group 46:10, Phoenix’s premiere short sale staff and Phoenix’s premiere short sale team. I am here to let you know that you simply do have choices and I would love to speak to you about them. My workforce and I have closed over 500 short sales in the last four years. We’re here to help you so in the event you need any help, whether or not you’ve got an FHA loan or possibly you’ve got obtained a VA mortgage, we can help. Maybe you’re undecided as a result of there are different rules around FHA and VA loans in comparison with loans with your typical credit union or with Bank of America or Wells Fargo.

Come to the specialists and get a free session with us. We would love to talk to you about what your options are. We’ve worked with every bank out there. We have worked with over a hundred banks. We’ve handled Fannie Mae and Freddie Mac, and FHA and VA, and anybody and everybody in between and we know that we can assist you.

So please give us a call today. You can reach us at 480-449-6642. It’s also possible to fill out a form here on our website. If you happen to’re not on our web site, you can go to us at Group4610shortsale.com. Here you will get your free short sale decision calculator outcomes in addition to request an in person meeting. We would love to talk to you about your options and if a short sale is best for you, we’d love to assist you. Thanks lots 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.

Patience = Short Sale Success!

Posted by webmaster on Jan 23, 2012 in Short Sale Arizona - Phoenix - Queen Creek | 0 comments

Patience is a virtue as the saying goes, and that saying is definitely true in Real Estate. I had a buyer client get approved for a short sale at the end of June, we put the contract in during the month of March! The sale is still not closed. The fact about short sales is that they take time, no matter what you hear. It is best to prepare yourself for a long wait. If you can stick out the three months (or four, five,…gulp, or six) that it usually can take, you have more patience than most. Buying or selling a home can be nerve racking as it is, now add weeks of being in the dark about whether or not your contract was accepted. Buying short is not for the faint of heart, so if you are going to explore the possibility of it then go “all in” and stick with it.

If you don’t know what the term short sale is, it is when a person can not sell a property for more or equal to what amount they owe on the loan(s). If this negative amount is too great for the seller to come to the table with at close, then the seller must ask the bank to “forgive” the difference. A property is required to be identified as a short when it is listed by a REALTOR. That way there are no surprises to a potential buyer, everyone knows what they are getting into before the property is put under contract. A property can be sold for less than the amount owed on a loan and not be a short sale, as long as the seller can find a way to come to the closing table with that money. I have been in this situation, and it closed on the contracted date, so it is really all about getting that bank approval that takes time. In the end though the wait could really pay off, banks will usually take up to 80% of the loan amount in most cases and sometimes even more. As a buyer it may be hard to know that number, but a REALTOR should be able to dig around and get you a good approximation.

So I guess, in essence, a short sale is like that old Miller Beer commercial, “if you’ve got the time, we’ve got the beer”. Except put “a lot” before “time” and substitute beer for…well you’re going to need that beer. Feel free to give me a call or shoot me an email if you have any questions about short sales, I would be happy to help.

Pete Picchietti is a Real Estate Agent with Prudential Preferred Properties in Chicago. He has lived in Chicago his whole life and has extensive knowledge of the Real Estate Market in Chicago. If you would like to read more Real Estate articles by Pete or if you would like to learn more about the great city of Chicago, please visit his blog at http://www.pickpete.com and enjoy.

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