Honest Realestate Agent

Posts Tagged ‘foreclosure’

Short Sale Power Hour

We have talked regarding foreclosure sale dates in the  past.  And hopefully, you learned from that video  that you should never tolerate no for an answer. 

Lately, we had a file that was a lender that we  had never worked with before, namely MetLife.  So,  last week we submitted a short selling packet with an  proposal.  We confirmed that they received it and have  confirmed in two separate talks that a  foreclosure selling date delay had been made. 

The foreclosure sale date happened to be yesterday,  so we called the trustee and the selling date had not  been delayed.  This brought some stress to the  issue, more so than we are used to.  Again, we  tried to make contact with MetLife and couldn’t find anybody to  answer the phone.

In an attempt to solve the difficulty, we call the  CEO and his aide directed us to a horde of other  people to phone.  Coincidentally, none of them  answered the phone either. Still, we refused to be  ignored, sending out a vast email to any and all  METLIFE people we could uncover. 

The consequence was a phone call from the woman that we  had initially worked with telling us that they  wouldn’t allow a deferment of the foreclosure  sale date.  Basically, Group 4610 called her bluff  and got in touch with someone else at METLIFE who was competent to suspend the foreclosure selling date just  a few short hours before it was to transpire.

Had we left this practice in the banks hands and  waited for a response from them, this house would have  foreclosed.  The lesson here is obvious.  Be  unrelenting in your pursuit of the answer that you  are looking for.

http://group4610shortsale.com” title=”Arizona Short Sale Specialists Answer Questions”>Short sale FAQs and more.

Get powered up by Kevin and Fred at http://shortsalepowerhour.com/nothing-is-ever-what-it-seems-short-sale-power-hour-01-05-10/ title=”Nothing Is Ever What It Seems”>Short Sale Power Hour by the Short Sale Specialists of Arizona

Obtaining your home or property from a list of foreclosed homes is a wonderful way for people nowadays to get more for their money and make a sound investment.

Buy Foreclosed Property Now

For both seller and buyer, a lot of profit can be made from foreclosed properties. The sellers get rid of the troubled properties (and recover their money) and the buyers get homes at a tremendous discount prices compared to the prevailing rates of non foreclosure property on the market. For years, real estate investors have taken advantage of bank owned properties. Because of an increase of online services offering foreclose listings, it has now become effortless for even the average home buyer to find incredibly affordable homes and investments.

List of Foreclosed homes

If a homeowner isn’t able to pay their monthly bill for their home, the mortgage lender will take back the property, or repossess it. Once the lender has possession of the property, the goal is to recoup their money. Usually, the lender is not looking to make a huge profit; they simply want to resell the property. Because of this, foreclosed houses are easy to get at discounted prices.

Lists of Discounted Property

Bargain shoppers and real estate investors love these situations, as they’re rife with profit potential. A list of foreclosed homes will provide you with information about the properties that are up for sale. You should use lists as a primary resource if you’re interested in purchasing a foreclosed home. A plethora of lists of foreclosed homes exist. Certain listings are outdated and offer little help. You’ll encounter this issue a lot when dealing with free lists of foreclosed homes, as you typically only see them after the majority of them are sold via paid listings.

How to Find an Online List of Foreclosed Homes?

You can find online lists of foreclosed homes from varying companies. If you are new at real estate investments or if you are interested in buying a home cheap, you will want to check out these lists. Housing lists consist of a large database of homes for as little as ,000. You will be provided with the description of the property, the property’s price, and be told how to contact the real estate agent. You’ll find consulting a list of foreclosed homes online exremely helpful compared to printed lists. If you get a subscription to the service, you will be provided with properties throughout the country that have been foreclosed. What’s more, you’ll find the most up-to-date listings on homes with online services.

If you type in “foreclosed home” and perform a search on the internet, you will get many pages of these kinds of services. Membership fees are required by some online services before access is granted. These fees are not outrageous and will be worth it if you find the home of your dreams. You can check out a paid service, with a 14 day FREE membership. This amount of time will allow you to find out if you like the foreclose listing service and you be able to quickly see the amount of homes available where you live or invest.

Buy Foreclosed Property Now

Short Sale Power Hour

In an attempt to get some valuable information from Lee Honish without all of the added clamor, we’ve decided to fasten Lee’s mouth shut and ask him questions that he can only respond yes or no too.

Here are the results…
1) Do lenders aim to foreclose on properties? NO

2) Does it matter what the investor guideline says? NO

3) Does a designation matter when conducting any short sale practice? NO

4) Is Lee Honish’s Short Sale Genius Training the greatest education accessible to real estate agents? YES

5) Is it essential that a real estate professional reduces their commission to get a short sale accepted? NO

6) Is it true that Bank of America will not pay HOA charges? NO

7) Is it correct that at most lenders you can never get more than 3% closing costs to a buyer? NO

Is it accurate that banks don’t pay for specific fees like recording fees?  NO

9) Do the processors in fact make any of these decisions? NO, they are solely monkeys.

So, there you have it.  Nine pointed questions to Lee Honish with only the answers and not any of the oratory that generally comes with an answer from Lee Honish.  We know it’s uncommon to listen to Lee without the rambling and ranting, but if we can present you Lee without all of the ranting, we can achieve anything. Group 4610, the NATIONS premiere short sale team!

http://group4610shortsale.com” title=”Arizona Short Sale Specialists Answer Questions”>Short sale FAQs and more.

Get powered up by Kevin and Fred at http://shortsalepowerhour.com/shhhhhhhhhhh-short-sale-power-hour-01-12-10/ title=”Lee Honish Gets Quiet”>Short Sale Power Hour by the Short Sale Specialists of Arizona

Short Sale Power Hour

If you didn’t look at yesterday’s video, allow us to introduce Lee Honish.  Lee is a past head loss mitigator who, as of October 2007, owned the premier gross on record at 53 cents on the dollar with a closeout ratio of more than 95%.  In summary, Lee Honish is a short sale whiz kid.  Not by chance, Lee has educated thousands of other agents to fulfilled short sale dealings. So, we determined that we would like to hear Lee’s outlook on what makes a respectable negotiator.

Three easy things make a good quality negotiator.  Firstly, someone who positions themselves correctly. Second, someone who doesn’t bring their job home with them. And third, someone who remembers why they are doing this, namely, the families you help, and your family at home. As we constantly say, if you know why, it doesn’t matter how.

A more intricate look at the qualities of a good negotiator reveals that they must;be totally impartial, naturally assume that everything the bank tells you is fake.  Bear in mind, the lender is after the money, either from the buyer, the seller, or from you.

They will make an effort to get more money from the buyer, by telling you that they don’t concur with the appraisal.  For the home owner, it has the whole lot to do with what you put forward in your package.  And for the agent, to take your commission, the bank just makes up false rules. 

Quite plainly, this video is a MUST WATCH!  There is some wonderful content from Lee about the bank’s viewpoint on short sales. 

http://group4610shortsale.com” title=”Arizona Short Sale Specialists Answer Questions”>Short sale FAQs and more.

Get powered up by Kevin and Fred at http://shortsalepowerhour.com/what-makes-a-good-negotiator-by-lee-honish-short-sale-power-hour-01-07-10/ title=”What Makes a Good Negotiator”>Short Sale Power Hour by the Short Sale Specialists of Arizona

Short Sale Power Hour

At present, the majority of you agents get the regular listing of fictitious statements supported by Bank of America, Chase, and Wells Fargo. They appear something like this…

-You have both ends of the agreement, but we only pay three percent commission.
-We received the financials and we will need an unsecured note for the remaining balance.
-We received our appraisal back and the appraisal is for a lot more. Consequently we will want more money from the buyer.

These are the effects that the lenders have been telling you for the last several years. 

Additional things that we have cultured from Lee over the past few days. (1) The market and the banking world have evolved so much that you Ought to be skilled in short sales. (2) Never telephone a bank after 3:00 pm on Friday for the reason that nobody that can make a decision will be there anyway. (3) Lee is a fantastic Fantasy Football player. (4) All question the lenders ask you will be focused on being paid money from either the seller, the purchaser, or you.

It’s important to observe something as you view these videos featuring Lee Honish.  When he was working for IndyMac, he got the deal that he wanted almost all of the time.  Now, on the other side of the fence, he still receives the deal that he desires nearly all of the time.  The common fiber is Lee, and more notably, Lee’s will power.  The frame of mind that you will not take no for an answer is far more imperative than any information, data, or figures.

http://group4610shortsale.com” title=”Arizona Short Sale Specialists Answer Questions”>Short sale FAQs and more.

Get powered up by Kevin and Fred at http://shortsalepowerhour.com/fd-up-friday-with-lee-honish-short-sale-power-hour-01-08-10/ title=”F’ed up Friday with Lee Honish”>Short Sale Power Hour by the Short Sale Specialists of Arizona

Lots of times, home owners pay attention to the word foreclosure and assume that there is no way out. So, unsurprisingly, they decide to provide up.  They pack up all of the belongings that made their house a house and think it a lost cause and that there is no use fighting to stop foreclosure sale.   The factual certainty is that they could have the alternative to stop foreclosure sale or in the worst case situation, they could at least stay in the house until it is sold at foreclosure.  There are other options obtainable in Gilbert, Arizona to stop foreclosure sale that many people are not conscious of. 

Doesn’t it appear a bit impractical to pack up and abandon if there is still a opportunity that you can stay, end foreclosure sale, and be the victor?   In nearly all states, you have the capability to stop foreclosure sale.  Although every state and every mortgage business handles these situations a bit differently, most have choices to end foreclosure sale.  You need to do some exploration to see what choices are available to you.  Many governing states or mortgage companies will let you make good on your mortgage until as late as an hour prior to the sale of your home.  So, since you don’t know what the future has in store, you may be able to end foreclosure sale at the last minute.  No matter whether you are paying off the back payments and fees that you owe, paying off the entire mortgage, or finding another suitable choice to prevent foreclosure sale, you can stop the foreclosure sale at the last minute.  Do not give up! 

Many times, there are businesses and entitites in Gilbert, AZ that can help you stop foreclosure sale.  You just have to find all of the choices offered to you.  The bank needs to retrieve their money, which is why they foreclose and sell the home.  Nonetheless, their aim is to regain as much of the lost money as they can.  So, if you and they can find a better option to getting them some money, the mortgage company will typically take note.  This need to recover money that exists with your mortgage company can help you prevent foreclosure sale.  The mighty dollar is also the motive that a short sale can be in the best appeal of both you and the lender. 
A short sale will provide the mortgage company the most money towards recovering their balance due and help you prevent foreclosure sale.  For all intents and purposes, a short sale will help you end foreclosure sale, since you have found a buyer for the house.  That buyer will pay more for the house than the mortgage company will get by advertising it at foreclosure.  So, you have found a way to stop foreclosure sale.  The bank will regularly take the selling price over the option of a foreclosure sale so that they squander less money.  In turn, while you prevent foreclosure sale, you also have the capability to purchase a home in the very near future because you have not stained your credit score. 

Do you want to go to the next step? http://group4610shortsale.com” title=”Arizona Short Sale Specialists Free Consultation”>Free Short Sale Consultation by Short Sale Specialists.

Fred Weaver and Kevin Kauffman, Group 46:10, do daily blog – find it here: http://casa-grande.short-sale-arizona.info/” title=”Casa Grande – Short Sale Arizona”>Casa Grande – Short Sale Arizona

Short Sale Power Hour

We have watched and participated in a lot of  negotiations.  Fred, Kevin, and Coach Collard have  been through the short sale method so many times  that they realize the word no really means possibly.  We decline to take that two letter word for an  response. 

When Group 4610 is faced with a big shot who wants to  say no to a short sale, we oppose them on their  bank policy, talk to them concerning their  investors, ask extra questions and do several additional  things to remind them that they can not disallow the  short sale method. 

Literally, on a frequent basis, Fred gets black  listed with the lenders.  However, each instance he  gets the deal accepted.  The black listing doesn’t  last especially long.

Fred also likes to confront people’s reason on  things.  He wishes people to be empowered to answer a  problem with their own judgment rather than just spurt  out a corporate reaction.  If he gets that plain  retort that at times comes out of a lenders lips,  Fred merely moves up the steps and asks the next  someone the identical questions.

The Four Hour Work Week has some terrific points that  we think should be repeated. Learn to be tough  when it counts.  Being assertive will help you get  superior treatment without having to solicit or  struggle for it every instance. 

With Group 4610, we do not agree to no as an answer.   Working meticulously to get the short sale accepted  and fulfill your transaction is our concern.

http://group4610shortsale.com” title=”Arizona Short Sale Specialists Answer Questions”>Short sale FAQs and more.

Get powered up by Kevin and Fred at http://shortsalepowerhour.com/dont-take-no-for-an-answer-short-sale-power-hour-12-29-09/ title=”Don’t Take No For An Answer”>Short Sale Power Hour by the Short Sale Specialists of Arizona

Short Sale Power Hour

Group 4610 is Arizona’s premier short sale team. Several magnificent things happened in 2009 for Group 4610. One of the greatest things that was prepared in 2009 was the Loan Modification Waiver.  As Group 4610 went through the short sale procedure with lenders, the banks persistently noted that the home owners needed to submit an application for a loan modification.  We laughed at that. So, the Loan Modification Waiver form was created to tell the lender that the house owner does not want to pay for the home any more.  We think the lender got the message.

Also enjoyable for Group 4610 was REOTrans.  REOTrans became a nuisance for house owners to complete.  So, Fred and Kevin simply took over the process of filling in all of the required information.

Repeatedly we get lenders that have us authorized on the house owners account.  The proper paperwork have been filed and we are in the middle of the short sale method.  Then the lender abruptly tells us that they are no longer able to speak to us on the account. Why? Because my borrower’s authorization has expired.  Ridiculous, because there was no ending date on the authorization form.  So, we added a little bit to the last part of the form that acknowledged something to this effect…

This permission is forever in effect, renewable, extendable, in no way expires, shall never die, shall for all time remain in effect until my short sale has been completed by Group 4610.

http://group4610shortsale.com” title=”Arizona Short Sale Specialists Answer Questions”>Short sale FAQs and more.

Get powered up by Kevin and Fred at http://shortsalepowerhour.com/short-sale-process-changes-short-sale-power-hour-12-30-09/ title=”Short Sale Process Changes”>Short Sale Power Hour by the Short Sale Specialists of Arizona

Short Sale Power Hour

Timothy Ferriss’ book, the Four Hour Work Week has  a good deal of great content.  There are a array of books  out there that chatter about accomplishment and prosperity and  expansion. On the other hand, there is very little talk or  writing with reference to elimination.  Ferriss’ book has an  whole sector committed to elimination, the things  that we should eliminate in life.

The elimination hypothesis that Ferriss’ presents talks  about refers to cutting out unneccesary steps in life.  In  short, elimination with this book, talks on the subject of  getting clear of the extra load so that you can center  on the significant stuff.  With the short sale process  this is true also.

For illustration, be realistic and unambiguous.  Be  purposeful with your actions. With negotiators and  banks, make your talk resolute.  With your  clients, present them with information that is  resolute. 

Numerous times, phone calls and conversations with your  lender or your mediator or your bank are formless and  unpurposeful.  Eliminate those talks so that  you can concentrate on the important parts of your existence,  your business, and your relationships. 

If you are not receiving the results that you require,  hang up the phone.  As coach remarks, there is no directive  in any of the fifty states that governs hanging up  on someone in the midpoint of a telephone exchange.  So, make your life persistent. Focus on the job at hand. By elimimating the extra stuff, your life will be enriched and fulfilled because your entire focus is centered on the important aspects of your life. 

http://group4610shortsale.com” title=”Arizona Short Sale Specialists Answer Questions”>Short sale FAQs and more.

Get powered up by Kevin and Fred at http://shortsalepowerhour.com/e-is-for-elimination-short-sale-power-hour-12-28-09/ title=”Short Sale Glendale More Mindset”>Short Sale Power Hour by the Short Sale Specialists of Arizona

Do you {currently|presently} find yourself {behind|late|in arrears|overdue} on your mortgage and facing an {impending|looming|approaching} foreclosure?  Are you living in {fear|horror} that you may not be able to {avoid|keep away from|steer clear of|evade|dodge|elude|escape} foreclosure and soon find yourself {without|devoid of|lacking} a {place|space|spot|site} to call home in Queen Creek, Arizona?  Is it {possible|likely|probable} that you will have to find yourself {residing|living} in a {place|space|spot|site} that is new and {uncomfortable|awkward} to you?  You {need|have|ought} to know that there are {several|quite a lot of|quite a few|numerous} ways to {avoid|keep away from|steer clear of|evade|dodge|elude|escape} foreclosure and save you {house|home|residence} from being foreclosed on.  You just {need|have|ought} to know the {options|choices} that are {available|accessible|obtainable}, what you watch for and what needs to be done going {forward|ahead}.  The following are {several|quite a lot of|quite a few|numerous} {options|choices} {available|accessible|obtainable} to you.  Not all of them are great {options|choices}, but none the less, they are {options|choices}.  {Carefully|Cautiously} {weigh|consider|ponder} them and {determine|decide} which is the best for you
 
Loan Modification, the {option|choice} worth {considering|taking into consideration}
To {avoid|keep away from|steer clear of|evade|dodge|elude|escape} foreclosure in Queen Creek, AZ, {consider|mull over} contacting your mortgage lender and {request|ask for} a loan modification.  This {option|choice} is alright for those that are not quite making the payments on their {existing|current} mortgage.  {Many|Lots of|A lot of|Numerous} times, to {avoid|keep away from|steer clear of|evade|dodge|elude|escape} foreclosure by using loan modifications, you must meet {several|quite a lot of|quite a few|numerous} requirements.  You will {need|have|ought} to take the {total|whole} {amount|sum} of your mortgage, insurance, and taxes and {compare|contrast} them to your income.  If they are more than thirty percent of your income, you may {qualify|meet the criteria|meet the requirements|be eligible} for a modification to {avoid|keep away from|steer clear of|evade|dodge|elude|escape} foreclosure.  {However|Nevertheless|Nonetheless}, you may also be required to be in a financial {bind|quandary|dilemma} that there is not an {immediate|instant|urgent|direct} resolution to.

Bankruptcy, the {option|choice} to NOT consider
To {avoid|keep away from|steer clear of|evade|dodge|elude|escape} foreclosure, you can file bankruptcy.  This does some major {damage|harm|impairment|destruction} to your credit score and can {affect|have an effect on|influence} your {ability|capacity|capability} to do a {multitude|large number} of things that could lie in your future.  So, while there are very few reasons to {consider|think} this a true {option|choice}, it is, none the less, still an {option|choice} to {avoid|keep away from|steer clear of|evade|dodge|elude|escape} foreclosure
 
Short Sale of your home, the {BEST|Finest|Greatest|Most excellent} {option|choice}
The short sale of your home is a {unique|distinctive} and fairly {unknown|mysterious|unfamiliar|unheard of} way to {avoid|keep away from|steer clear of|evade|dodge|elude|escape} foreclosure.  The short sale helps you get the most out of a {bad|terrible|awful|dreadful} {situation|state of affairs|circumstances|condition}.  Mortgage {lenders|banks} will often, though {sometimes|occasionally} {reluctantly|unwillingly|unenthusiastically|grudgingly}, find this to be the best {option|choice} for their {interests|wellbeing} also.  So, the short sale is a win/win {situation|position} for the {lender|bank} and the {home|house} owner.  Here’s a {brief|short} {synopsis|outline|summary|summation} of how it works.  The {home|house} owner, {facing|in front of} a mortgage that is far {greater|larger} than the {value|worth} of the {home|house|residence} or {facing|in front of} a mortgage that they can not {afford|have enough money} to pay, finds a {buyer|purchaser} for their {home|house|residence}.  The {buyer|purchaser} agrees to a price for the {home|house|residence} that will not pay off the existing mortgage.  The {bank|lender}, wanting to {recoup|get back|make back|regain|recover} as much in the sale of the home as they can, will also {choose|decide|prefer} to {avoid|keep away from|steer clear of|evade|dodge|elude|escape} foreclosure and {forgive|pardon|excuse} the {remainder|rest} of the mortgage.  In this way, they will {gain|get|acquire|obtain|secure|collect} more from the sale of the {home|house|residence} than they would if the {home|house|residence} were sold at foreclosure.  So, to {avoid|keep away from|steer clear of|evade|dodge|elude|escape} foreclosure the bank and the {home|house|residence} owner {agree|consent} to the sale. 

Do you want to go to the next step? http://group4610shortsale.com” title=”Arizona Short Sale Specialists Free Consultation”>Free Short Sale Consultation by Short Sale Specialists.

Fred Weaver and Kevin Kauffman, Group 46:10, do daily blog – find it here: http://avondale.foreclosure-short-sale-phoenix.info/” title=”Avondale – Foreclosure Short Sale Phoenix”>Avondale – Foreclosure Short Sale Phoenix