Avoiding the Dreaded Foreclosure

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

Sometimes life can get hard. There are unexpected nasty surprises that pop up so suddenly that have the potency to kill your lifestyle. Being diagnosed with a heavy illness is not at all a welcoming thought. Aside from the emotional and physical strain, you must deal with the financial losses as soon as you recover or even as you lie incapacitated in the hospital. It is really a difficult process because these points of stress do not just come at any one point but rather spread throughout an extended period of time. It is almost as if they do not even like you to recover from the sickness. To make matters worse, your period of incapacity has most likely deprived you of employment which makes it harder to meet financial demands.

Many families and homeowners resort to a real estate mortgage in order to secure a loan. In a real estate mortgage, you deal with financial companies who can grant you a loan to pay necessary expenses such as health and hospital bills. The loan is conditioned upon the attachment of security or collateral that you own. A real estate mortgage as implied from the name requires real estate to be attached as security. Real estate can generally be defined as those immovable properties such as buildings or pieces of land that you may own.

Depending on your agreement, you are given a period of time after the grant of the loan from which to pay off your debts. If the period lapses and there are no grace periods left available to you, the financing company will be forced to go to court in order to foreclose on the mortgage. Your building or land being your collateral in this instance will be forfeited in favor of your creditors. You will be deprived of your home just like that.

However you can avoid foreclosure by utilizing the right strategies and coping mechanisms. Right after securing the loan, make sure to immediately plan ahead and start to process how you would pay off your debts. If your current salary is insufficient, then make a financial assessment of your needs in your current situation. If there are options or luxuries that you are currently taking such as cable then you must make a sacrifice and forego of these amenities. If you spend a lot eating out then take the time to start cooking your own meals.

If those sacrifices are not enough, then seriously consider taking a second job if you are able. There are a lot of simple part time jobs available online as long as you know where to look. A family member can also contribute to the financial gap if they can work at this time. Make sure that you explain the situation so that they would be willing to do so.

If this is not enough, sell some of your assets such as jewelry, a second car, and other similarly placed objects. Make sure that you set your priorities straight because deprived of a home is tragic loss.

For more help regarding real estate issues, visit Ohio Community Blog and Ohio Real Estate Articles.

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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.

Are You Worried About Tax Ramifications In Doing A Short Sale?

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

Hi, my name is Kevin Kauffman. I am part of Group 46:10, one of the nation's best short sale and real estate teams based right here in Fountain Hills. Are you struggling to make your mortgage payments or are tired of being underwater on your mortgage? We at Group 46:10 can offer you different alternatives to alleviate some of these issues. As one of the best short sale businesses in the nation, we have finalized more than 500 short sales in the prior 4 years and have a success rate of over 90%.

I'm here today to talk to you a little bit about short sales and tax ramifications. One of the worries that we hear quite often from prospective clients is that they want to short sell their home, but are concerned about the taxes they'll have to pay after the sale. Perhaps you have heard from others that have done short sales that there were some tax liabilities and wish 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 property is their primary residence and the selling price is less than $2.5million. If you're thinking about short selling your house, you need to act quickly because the transaction would need to be closed by the end of 2012 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 house. We have a couple of other ways to avoid paying taxes as well. A practiced 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.

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 but you're not fairly positive of what your options are? Well, my name is Kevin Kauffman and I'm part of Group 46:10, Fountain Hills's premiere short sale team and Fountain Hills's premiere short sale team. I'm right here to inform you that you just do have options and I'd love to speak to you about them. My staff and I've closed over 500 short sales in the last four years. We're here that will help you so if you want any help, whether or not you might have an FHA loan or maybe you've got bought a VA loan, we can help. Maybe you're not sure as a result of there are totally 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'd love to speak to you about what your choices are. We have worked with each bank out there. We've worked with over a hundred banks. We have dealt with Fannie Mae and Freddie Mac, and FHA and VA, and anybody and everyone in between and we all know that we will assist you.

So please give us a call today. You may reach us at 480-449-6642. You can even fill out a form right here on our website. If you happen to’re not on our web site, you can go to us at Group4610shortsale.com. Here you can get your free short sale decision calculator results in addition to request an in person meeting. We'd love to speak to you about your options and if a short sale is best for you, we'd love to assist you. Thanks quite a bit and have an excellent 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.

Are You Considering Strategic Default?

Posted by webmaster on Jan 23, 2012 in Uncategorized | 0 comments

Hello, have you been thinking about strategic default? My name is Kevin Kauffman and I'm part of Group 46:10, the leading short sale team in Fountain Hills. I'm here to let you know that you have options if you're considering strategic default. More specifically I want to talk to you about the actual consequence of strategic default as it pertains to the amount of money that it will take you to do it.

My business partner, Fred, and I have created a tool named the Short Sale Decision Calculator to help individuals such as yourself to find out whether or not a strategic default is best for them. If you click on the link below or visit our website, group4610shortsale.com, it will take you to a website where you will be shown the value of your property and allow you to enter your interest rate, the unpaid principal balance on your loan and your monthly payment. By putting in this information, we will provide you with a report that will demonstrate how long it will take for the value of your property and the amount you owe to be the same, as well as the amount of money it will take to get you to that point. This free report will provide you with the information you need to determine whether or not strategic default is the right decision for you or if you should do a short sale.

Should you decide a short sale is the best decision for you, we would love to help you out. We've completed over 500 short sales in the last couple of years and have over a 90% closure rate. Please either visit our website or give us a call today so we can set up a free consultation. Group 46:10 can help you avoid foreclosure, get out from your underwater mortgage and successfully short sell your home, so please contact us 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.