Foreclosure Sale Days And Home Owners
Hello and welcome to our website. We are Fred Weaver and Kevin Kauffman, Arizona’s premier short sale specialists. We have closed hundreds of short sales and we would love for you to contact us to find out more.
We wanted to chat to you at present concerning what is going on in the short sale industry now. Particularly, can foreclosure sale days be deferred and as a home owner when should you begin working with us in a short sale deal.
Recently, some of the investors do not want to delay foreclosure sale days as much as they have in the past. A year ago, if we were chatting, I would have informed you that we could get your home on the market and acquire an offer in 60 days allowing your foreclosure sale date to be postponed. To be really honest, that isn’t happening any longer.
If you are in a spot where you are 60 or less days from foreclosure, please make contact with us. We aren’t saying that your property is going to go to foreclosure. Nevertheless, if you haven’t missed a payment up till now or you are only a payment or 2 behind, please get in touch with us quickly. The sooner you act, the better off you will be. If we have more time, we have a better likelihood to make a positive result for you.
You must make certain that you are working with a skilled team that has relations within the lender and can successfully close your short sale. The lenders do want to help you out, but you have to make contact with us sooner rather than later.
Thank you for joining us today. Please fill out the form here on our website so that we can be in contact with you quickly. Have a great day!
Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona
Have Faith In Your Instincts In Short Sales
We are joined now by Mark McIntyre, a Phoenix Short Sale Realtor. He has been sharing an encounter that he had last week at a training event called Advanced Leadership. For those that watch us consistently, this Advanced Leadership event is taught by Brian Klemmer, who has been a special guest on shortsalepowerhour.com.
There is something raw about people who have been to the Advanced Leadership class. So, we’ve decided to tap into that with Mark now. Mark has been in the real estate business for roughly five years. Yet, after the Advanced Leadship seminar, he has made a modification. The largest value that Mark took from the seminar was to trust his gut. Basically, he discovered that he is spending too much time thinking and not enough time doing. There are loads of tools that he is utilizing to move ahead.
One of those tools is referred to as the Language of Action. This instrument is about creating an intimate connection with your employees to discover what truly drives them. If you can do that, they will acquire what they want and you can acquire what you desire. It is a win-win situation for everyone. If you do not find out what drives your workforce or co-workers to succeed you might just find the work that you delegated to them sitting on your desk once more.
In general, as people, we are forever dealing with that influence that is always telling us “what-if”, but if you rely on your gut and go into action you will get things completed. This is one of the benefits of the Klemmer seminars. They do not simply have you sit and pay attention to a lecture. There are lots of exercises and experiments to take part in. We notice ourselves living our life in our head. However, there comes a point in time when we have to live our lives from our hearts. From time to time you need to acquire unstuck and simply acquire moving. Action creates many things in life.
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Short Sale Route In Philadelphia, Step 2
Hi, This is Matt Fetick with Soldbyshortsale.com. Thanks for joining me today. We are the Philadelphia area’s leading short sale realtors. We have put together this video series to help you better identify with how to evade foreclosure or how to do a short sale on your property. This is step 2 in our unique procedure on how to get the best outcome possible if you are facing foreclosure or have to short sale your house today. If you haven’t reviewed step one, you can go back and do that at this time.
Step two is the paperwork phase. This stage is probably the most tedious for the client. Even though our objective is to get your house sold and negotiate with the lender, this route is a partnership between us and you. We have to clearly recognize your situation and put the best justification together to get the bank to agree to the loss. So, we need a clear and accurate understanding of what has happened.
This is true with all Philadelphia short sales. Experience tells us that when go to the bank with a clear image and clarify your situation, we get excellent results. So, before we put your property on the market, we ask for a number of papers that paint a picture of what it will take for the lender to appreciate the situation.
We will need to show copies of anyone on the mortage. We need to show what your present income is. We will need copies of your last 2 tax returns. Also, we require a hardship letter that tells the lender what occurred that has caused you to fall behind on your payments or make a short sale on your house. This letter helps the decision maker at the bank realize what truly occurred.
Extra documents are also needed, but we will present a list of those additional documents. All of these documents are kept very confidential. They are scanned in electronically and then shredded. We only give these documents to your lender.
The final piece of this process is a document signed by you that gives us the power to negotiate with the lender on your behalf. When you have collected all of these documents, we can put your greatest case together.
Our Philadelphia short sale team has a 90% success rate. When all of the paperwork is done, we can get started.
Get more help from Philadelphia short sale Realtor, Matt Fetick, at Sold By Short Sale presented by the Premier Short Sale Realtor in Philadelphia and Wilmington
Knolly Williams Speaks Regarding Short Sale Success
Fred is joined by his talented friend Knolly Williams after wrapping up a wonderful week at MegaAgent Camp. Knolly has been working short sales for more than seven years, closing more than 500 short sales. He has spent more than 20,000 hours dealing with short sales. That has helped a great deal when he is chatting with other agents and the challenges that they are in front of. He can easily recollect a situation that is similar to their challenge and assist them.
Knolly now runs a seventh level real estate establishment, meaning that others do everything in his company. He basically oversees the entire operation. Basically he owns the business with an operations manager that runs the day to day process. He couples that with a great system for handling short sales and everything flows smoothly. His system permits him to get all of the work completed with four people, whereas in a conventional retail system it would take nine people to complete the work.
Knolly also has a system for sale that is set into book form. It is the best printed information out there for a short sale system. There are numerous other training companies out there, but no one has put it into a book as well as Knolly.
Like Kevin and Fred, Knolly is passionate on the subject of teaching other realtors and assisting home owners. Knolly is a bit more traditional than Kevin and Fred, but he accomplishes the same things.
This industry is very cyclic. The market that we are presently in, with inflexible banks, is just like they were in 2005. So, really, Knolly has seen it all before. Yet, the lenders need short sale specialists. The banks recognize that short sales save money over foreclosures.
The first thing that Knolly does when he negotiates short sales is to tell the lender employee that he has closed hundreds of short sales and he knows how the process works. This lets the mediator at the bank know that the procedure will be easier because he/she is working with Knolly, an experienced short sale specialist. Keep watching the video for more great information from Knolly and Fred.
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Look After Your Funds In A Short Sale
Welcome back and thanks for visiting us today on our blog. This entire website is devoted to the home owner who is exploring the options on what you want to do with your house. Whether you are in a situation where you can no longer come up with the money for it or are only no longer want to owe as much as you do against your mortgage and want to tactically default, this blog is for you. We hope that you discover a lot of great subject matter here on our blog.
Today we want to center on a matter that has become awfully important in the last couple months. It deals with your money and the assets that you have in your bank account. There are banks out there that are going into home owner bank accounts and taking funds to satisfy deliquencies on their house.
Please know that the mortgage you took out on your house is secured against your home and your residence only. The exception to that rule is with the bank accounts that are with the same lender that has your mortgage. For instance, if you have a checking account with Chase and your mortgage is additionally with Chase, Chase can take cash from your checking account to compensate your mortgage.
We have had numerous customers approach us concerning this exact issue. If you are considering a short sale or have missed a payment or two, we would recommend that you move your checking account to another bank. Close your accounts with a lender that has your mortgage.
Because of the checking and savings account agreements they have with you, they preserve the right to take cash from your savings account.
Give us a call if you would like more information on this subject or any other subject pertaining to short sales and your options. We have fruitfully closed several hundred short sales over the past couple years and we would appreciate the opportunity to talk with you today.
Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona
How Do We Complete Numerous Short Sales
Hello. I’m Josh Pomerleau with Shortsaleshift.com. I’m being joined by my cohort, Sarah Willman. We are Minnesota’s premier short sale team. Today we would like to answer one of the most popular questions we hear. Everyone wants to know how we complete short sales so effectively?
First, our mindset is that we are not going to give up on a folder. Furthermore, no matter what the bank says, it can be done. Nothing is ever what it seems in this industry. At the end of the day we are going to find a lender employee that will give us the response we are searching for.
Second, our procedure is very exact. This helps tremendously when we are a few weeks into the procedure and the bank doesn’t know what is going on, we can rely on our earlier experiences and our system full of simple to access information.
Finally, we do lots of pre screening. We examine our sellers to make sure that the short sale is a good choice for them, because it is not the best choice for everyone. We also screen the property to make certain that it is priced accurately. And lastly, we examine the purchasers to make certain that they are willing to stick with us throughout this procedure.
We have also obtained a lot of education recently. Josh lately met with seven of the leading short sale agents in the nation to compare their process. They are people that understand the short sale procedure at a very high level and that was our objective too. We have now achieved that goal of understanding the short sale process at a high level.
All of these traits make us the foremost short sale realtors in Minnesota. Call us or drop a line to us today.
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Chasing Leads Versus Moving On
Good Morning from Kevin and Fred, Group 4610 cofounders and Arizona’s best short sale team. If you missed yesterday’s installment, check it out. We discussed the judicial foreclosure states and how GMAC, Chase, and Bank of America have halted foreclosure proceedings in those states. However, now we are shifting gears.
We would like to talk about lead generation or rather, when to end lead generation. We talk to lots of realtors that wonder when they should stop tracking down a client to work with you. You have to be able to locate the motivated sellers and determine who are bona fide and who are not real sellers.
We talked about giving sellers 48 hours to finish their paperwork. We do not want to bar someone if they can not get their paperwork to us in 48 hours. Nonetheless, there comes a clear time where you have to make a decision that it is time to stop calling them. Maybe place them on an email campaign. If they call back, help them.
This is very much an assessment of how much your time is worth. Furthermore, this is an evaluation of how motivated the seller is. We, as real estate realtors, need to carefully face them to become motivated. Each state of affairs is different. We want to assist as many people as possible. Nonetheless, not everyone is ready for this. Take a good look at the time you spend on lead generations and make certain that you are not wasting it. There are so many other things that you could be doing with your time. For every property owner that doesn’t get their paperwork turned in, there are three more property owners that need assistance but do not even recognize what their options are.
The bottom line is, how efficiently are you utilizing your time? That should be your focal point with lead generation.
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Jeff Payne Speaks On The Subject Of Short Sales
We are joined now by Jeff Payne, a short sale specialist in Florida, to speak about short sales, lead generation and other short sale related topics. Jeff has been a real estate specialist for four years. He has just finished up speaking at Mega Agent camp to thousands of realtors. So, that ought to give you some idea concerning how important Jeff is.
Jeff mentioned during the seminar that he receives a lot of of his leads via word of mouth. By helping out residence owners, friends, and relatives in closing short sales, word got out. He got a lot of people who came directly to him for assistance.
Additionally, a financial advisor in his area has sent Jeff several leads. Lots of of the people that are sent to Jeff have been informed that they need to liquidate and sell their homes. That has been a great source of leads for Jeff.
Depending on the market that you are in, possible short sales are all around you. The essential thing to recognize is that if you are in a smaller market, you have an chance to take the market over if you are prepared for it.
The thing that sets Jeff apart from others and getting short sales accepted is that he is stubborn and can’t stand to lose. That competitive personality and frame of mind is significant to completing short sales. The nationwide averages show that 20-40% of all short sales close. Nevertheless, guys like Jeff, Fred, and Kevin recognize that is not accectable.
If you take a short sale and are not sure you can close it, you just shouldn’t take it. If you hope to close short sales, just don’t take them. Let someone who has the correct mindset acquire the short sale listings.
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Your Frame Of Mind Makes You A Short Sale Specialist
Kevin Kauffman and Fred Weaver, Arizona’s Best short sale group, are just returning from Austin, Texas and Keller Williams Realty Mega Agent Camp. If you are a Keller Williams agent, you owe it to yourself to take advantage of all of the guidance that Keller Williams provides. With Mega Agent camp in the fall and the Family Reunion in the first part of the year, the teaching is open to all agents. Any occasion to listen to Gary Keller on stage is awe-inspiring.
Being Mindset Monday, we wanted to talk about the week of Mega Agent Camp that we just took part in. We got a huge shake up in the last few days from hanging around high minded, big thinking persons. We enjoyed being around individuals that are doing fantastic business, excellent lead generation, great things with social media, and having fantastic success with short sales.
Our buddy Brian Gubernick said something that is the focal point of our episode today. Brian doesn’t punt on fourth and one. He isn’t going to give up. He’s committed to being aggressive.
So, there two things that are vital to being a successful short sale specialist. Short sales are an uncompromising game. You need to be on the offensive if you are going to be victorious. The other thing to bear in mind is that you need to surround yourself with high-minded, big thinking folks. Find folks that succeed at a higher level than you. If you are hanging out with that kind of persons, their mindset will rub off on you.
If you want to be a short sale specialist, you have to take on the mindset of a short sale agent. Be aggressive. And if you do not necessarily have that mindset yet, find others that do have it and spend some time in their presence.
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Short Sales And Taxes
Hi and welcome. We are Kevin Kauffman and Fred Weaver, the founders of Group 4610. We are the premier short sale agents in the Ahwatukee region. We wanted to chat to you concerning short sales and the tax ramifications that arrive with a short sale.
One of the most misunderstood parts of the short sale and foreclosure procedure is taxes. We have many home owners who tell us that they have been advised not to do a short sale because of taxes. Or many people think that they do not have to pay taxes on a foreclosure. A little of that misinformation comes from tax lawyers and a little of that comes from agents.
Firstly, let us inform you that neither one of us is a licensed CPA or accountant. We are simply sharing what our experience has been. When you owe money on a house, whether that home goes to foreclosure or whether that house is a short sale the bank will have a loss. When their balance sheet shows a deficiency, it has to show up on someone else’s balance sheet as income. So, the lender sends you tax form called a 1099. You receive one of these tax forms whether you do a short sale or a foreclosure.
Lots of house owners we deal with do not have to pay taxes on these 1099 forms. Each home owner that has a debt forgiven will get a 1099. However, there are various ways to guard yourself from having to pay that tax, legally and morally. Both the Mortgage Debt Relief Act and a procedure referred to as insolvency can help you steer clear of paying taxes on this forgiven debt.
Fill out the form on our website to contact us and we can answer any further questions that you may have regarding short sales. Thank you for watching and we will talk with you again shortly!
Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona