Avoid Foreclosure by Refinancing Your Mortgage With Obama’s Stimulus

Posted by webmaster on Jan 28, 2012 in Foreclosure | 0 comments

Mortgage refinancing to avoid foreclosure is becoming an increasingly popular option for many homeowners. Whether they have a bad increasing mortgage, are facing financial hardships, or just need a lower monthly home loan payment, the Governments "Making Home Affordable" plan can help.

This plan is part of a $75 billion mortgage bailout program which helps struggling homeowners keep their home and avoid foreclosure, or defaulting on their mortgage. This plan is designed to help the millions of homeowners who need lower monthly payments. This will be done by giving money to mortgage lenders and banks as an incentive to approve struggling homeowners for refinancing or home loan modification. This money, besides covering any closing costs the homeowner may incur, will cover a lot of the financial risks the mortgage lender takes on with a struggling homeowner.

What this means for homeowners is easier, more flexible, and more beneficial refinancing and mortgage modification options than ever before. Homeowners who have been denied, do not have enough equity in their home, or owe more on the mortgage than the homes worth, can get approved for home loan assistance. Before this plan existed, these homeowners were pretty much out of luck and on their own. Now though, with the record foreclosure rates, and people losing their homes everywhere, things have changed for the benefit of the homeowner.

With so many advantages for homeowners, this plan will help millions of people. Besides helping individual homeowners, the overall housing market, and economy, will see a benefit from this. With such a massive number of people losing their homes, no one benefits. Mortgage lenders, banks, and the Government have stepped in to help homeowners, and you need to take advantage.

At my site I will teach you how to properly refinance or modify a home mortgage saving you thousands of dollars, or even your home. A lot of Greedy Mortgage Lenders will try to suck you dry if you let them. Learn the right way to refinance or modify your home loan at my site: http://www.refinancingcondo.com

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For more videos on short sales check out Kevin and Fred on the Short Sale Power Hour. Video for Short Sale Specialists.

Is it Difficult to Work with Desert Schools Credit Union on Completing 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, certainly one of Casa Grande's leading real estate teams specializing in short sales. I am right here to talk to you at present about Desert Schools Federal Credit Union. I get about 2 or 3 calls per week from folks identical to your self who've been doing analysis 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. Through the years we've got worked with them so many occasions that we have now been able to construct some relationships there and perceive their process so we are able to better serve our clients and their members.

Many people come to us as a result of they have heard that it's tough to work with Desert Schools Federal Credit Union and you recognize what, that may very well be true for most people. I believe that we perceive their process now and we all know learn how to best set up our clients for success in a short sale with Desert Schools Federal Credit Union.

So, if that is you and you have a mortgage with Desert Schools Federal Credit Union, and you wish to speak to someone who has got the expertise, then give us a call. We've handled them a number of times and we're sure that we are able to assist you. We have got an virtually ninety% success rate, we've closed over 500 short sales now in the last 4 years. Once more, I'm with Group 46:10, Casa Grande's leading short sale teams. Give us a call. You'll be able to reach us at 480-449-6642 or just fill out a form right here on the web site 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.

Watch Kevin and Fred, Short Sale Specialists, on the Short Sale Power Hour. Video for Short Sale Specialists.

The Credit Problems of a Short Sale Vs Foreclosure

Posted by webmaster on Jan 26, 2012 in Short Sale Arizona - Phoenix - Queen Creek | 0 comments

It seems that in some towns in California, Michigan and Florida, nearly one is three homes you drive by are for sale. Most likely these homes are not simply voluntary sales by sellers looking to simply move, but rather, a short sale or a foreclosure. More and more homes are going into foreclosure in this economy, or at least being sold short. A short sale is when a homeowner is under water and agrees with the bank to sell the home for less than what is owed on the mortgage. A Foreclosure is simply the bank repossessing your home.

So, what are the credit advantages of a Short sale over a foreclosure?

If you have to foreclose on your home, you will not only have the embarrassment of being kicked out of the place you are living, but also take quite a hit on your credit score. The average drop in your Credit score will be between 200-300 points. In addition to this, you will not be able to buy a new home on credit for 7 years. For a short sale, the credit score drop can still be up to 300 points, however, as of late it seems like the drop is more in the 100-200 point range. Unlike with a foreclosure, the person will be able to purchase a new home after a 2 year waiting period usually.

The one advantage of going the foreclosure route instead of selling your home short is that you can usually live in the foreclosed home for 4-12 months, mortgage free, in a foreclosure, until the bank forces you to vacate.

Neither option is something anyone ever wants to go through, however it's nice to know the positives and negatives of each, just in case you are in the ever growing group that has to make these decisions.

Check out more information on Credit scores and also the Credit Forum

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Watch Kevin Kauffman and Fred Weaver of Group 46:10, Short Sale Specialists, on the daily Short Sale Power Hour.

Are You Concerned About Tax Ramifications With Your Short Sale?

Posted by webmaster on Jan 25, 2012 in Uncategorized | 0 comments

Hello, I am Kevin Kauffman. I am part of Group 46:10, one of the nation's premiere short sale and real estate businesses based right here in Casa Grande. Are you struggling to make your mortgage payments or are tired of being upside down on your mortgage? We at Group 46:10 can offer you different options to alleviate some of these issues. As one of the best short sale teams in the nation, we have closed over 500 short sales in the past 4 years and have a closure rate of over 90%.

I'm here today to discuss short sales and tax ramifications. One of the issues that we hear quite frequently from potential clients is that they want to short sell their home, but are worried about the taxes they will have to pay after the sale. Maybe you have heard from other people that have done short sales that there were some tax liabilities and would like to find out more.

The Mortgage Debt Relief Forgiveness Act, which ends at the end of this year, permits homeowners, such as yourself, to not pay taxes on the forgiven amount if the property is their main residence and the selling price is less than $2.5million. If you are thinking about short selling your property, you need to act quickly because the transaction would need to be finalized 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 particular situation. If you do not qualify for this act, don't let that keep you from short selling your home. We have a couple of other ways to avoid paying taxes as well. A qualified short sale specialist, 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.