Foreclosure

Bid Greater Than BPO Equals Everbody Wins?

October 8, 2010

Short Sale Power Hour A couple weeks ago, we aired an episode about disputing BPO’s. Kevin had an exciting little event at one of our preferred lenders that relates to BPO’s. A package was setup and assigned to a processor at Wells Fargo. They asked for some extra documentation, which were provided. Then, Kevin asked [...]

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May I Perform A Short Sale Behind On Equity?

October 4, 2010

Short Sales Done Easy Can I short sale my home in the Phoenix market if my house is worth less than my mortgage balance? As a phoenix short sale specialist, I will accurately answer that question. Take into account, at all costs the bank doesn’t wish to foreclose on the property. Present are a number [...]

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Short Sale Investing Through Tough Times

September 30, 2010

Short Sale Shift We got a slight bit off theme yesterday. However, we wanted to stay off focus for a little bit longer since minnesota short sales and foreclosures have been rising. They have caused a number of interesting things to occur in the real estate marketplace. Is it helpful to have your funds sitting [...]

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Costa Mesa Foreclosures Are Selling At A Huge Discount

September 27, 2010

We all have a lot of options when it comes to investing. We can invest in stocks, bonds, currencies, futures and a lot of other things that all have one thing in common. They are just pieces of paper that we put our faith in. They are basically promises to pay later, made by a company or a country that we have faith in. But the last few years have shaken that faith pretty badly. About the only thing that these investments have that is good, as far as I can see, is that they are easy to buy and sell.

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Dealing With The Push For Deed-in-Lieu

September 6, 2010

Recently, Bank of America sent out nearly 100,000 solicitations to distressed homeowners offering them a chance at a deed-in-lieu transaction. “Deed-in-lieu” refers to giving the deed to your home to a lender in order to circumvent the foreclosure process. You get to walk away from your home, and the lender declares the debt resolved because you returned the home, your collateral. Many lenders have announced that they will offer a variety of incentives for this type of transaction because it saves them a great deal of time and money in processing costs even though they may take a hit when they try to resell the home in today’s market.

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We Apply What We Teach In Short Sale Transactions

September 4, 2010

Short Sale Power Hour Mindset Monday brings us a chat regarding the mindset of triumph. In the last couple weeks, Kevin and Fred have jumped back into the trenches taking on more records than ever before. In the previous three weeks, Kevin and Fred have gotten 16 short sales accepted. We don’t point that out [...]

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Supply And Demand Effecting The Short Sale Market

August 25, 2010

Short Sale Power Hour Yesterday we chatted about existing market data and how we believe that the market will keep going down. So, we would like to talk about what occurs when there is a sharp rise in active inventory and a sharp decline in sold properties. Having been in the short sale industry for [...]

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Post Short Sale Agreement Problems

August 23, 2010

Short Sale Power Hour Today, Kevin and Fred have decided to embrace a topic that they have never covered in the past. Furthermore, they haven’t ever talk about it in one of their Crush It lessons. The subject is post short sale approval troubles. In essence, you previously have an agreement from the lender and [...]

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HOA Fees Producing Troubles In Short Sales

August 20, 2010

Short Sale Power Hour Welcome to Shortsalepowerhour.com. We are Kevin Kauffman and Fred Weaver, Group 4610, which is Arizona’s leading short sale team. Today is unforgettable Friday and we would like to chat regarding HOme Owners Association Fees. There is a lot of energy out there around the HOA fees. From the lender aspect and [...]

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Using Real Estate Software Aids In Buy Decisions

August 11, 2010

real estate as an investment reasons requires a respectable understanding of the risks associated with the acquisition evaluation. There are many resources on hand to help guide the evaluation, but few are as useful as a good real estate investment software package.

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