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

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

Hi, I am Kevin Kauffman. I'm part of Group 46:10, one of the nation's best short sale and real estate groups based right here in Apache Junction. Are you having trouble making your mortgage payments or are tired of being upside down on your mortgage? We at Group 46:10 can provide you with different alternatives to alleviate some of these problems. As one of the premiere short sale groups in the country, we have finalized more than 500 short sales in the last 4 years and have a completion rate of over 90%.

I'm here today to talk to you a little bit about short sales and tax ramifications. One of the concerns that we hear quite often from potential clients is that they would like to do a short sale, but are concerned about the taxes they'll have to pay after the sale. Perhaps you've 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 home is their primary residence and the selling price is less than $2.5million. If you're thinking about short selling your home, you need to act quickly because the transaction has to be completed by the end of the year in order to qualify for The Mortgage Debt Relief Forgiveness Act.

Please call us or fill out the form on our website, group4610shortsale.com, to find out more about this act or if you have questions about your specific situation. If you don't qualify for this act, don't let that stop you from short selling your house. We have a couple of different ways to avoid paying taxes as well. A qualified short sale expert, 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.

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

What Are Your Short Sale Options?

Posted by webmaster on Jan 24, 2012 in Uncategorized | 0 comments

Hello, are you contemplating a short sale but you're not fairly certain of what your options are? Well, my name is Kevin Kauffman and I'm a part of Group 46:10, Apache Junction's premiere short sale crew and Apache Junction's premiere short sale team. I'm right here to tell you that you do have options and I would love to talk to you about them. My group and I've closed over 500 short sales in the last 4 years. We're right here that can assist you so for those who want any assistance, whether you have an FHA mortgage or possibly you've got obtained a VA loan, we can help. Perhaps you are unsure as a result of there are 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 experts and get a free consultation with us. We'd love to speak to you about what your options are. We have worked with every financial institution out there. We have worked with over one hundred banks. We have dealt with Fannie Mae and Freddie Mac, and FHA and VA, and anyone and everyone in between and we know that we are able to assist you.

So please give us a call today. You possibly can reach us at 480-449-6642. You may as well fill out a form right here on our website. If you happen to’re not on our website, you may visit us at Group4610shortsale.com. Right here you will get your free short sale decision calculator outcomes in addition to request an in individual meeting. We'd love to speak to you about your options and if a short sale is best for you, we would love to help you. Thanks a lot and have an amazing 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 and Fred, Short Sale Specialists, on the Short Sale Power Hour. Video for Short Sale Specialists.

Is Bankruptcy Worse Than Foreclosure For Your Credit Score?

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

For anyone who might be thinking of whether to file personal bankruptcy, it's a good idea to think of the long term impact of bankruptcy versus any other way of fixing your credit problem. One of the big issues facing many people today is the threat of foreclosure on their home, compared to bankruptcy. It's not an apples to apples comparison, but here are some issues to consider.

First, foreclosure is another debt, just like a credit card. If you default on your home loan, the lender can take your house, or foreclose on the note. If you are behind on a car loan, the lender will take back your car. Either of these are major bad credit events, and will result in a drop in your credit score.

Bankruptcy however is a situation where multiple debts are either discharged, or wiped away, by a bankruptcy court, or you instead set up a plan to repay. While credit agencies won't specify which is worse or by how much, avoiding multiple debts in bankruptcy means that many creditors were left unpaid. For secured creditors, however, like mortgage companies or car financing companies, they did get back a portion of their loan through repossessing your home or car.

If you aren't sure whether to file bankruptcy or let the bank take your home, there are multiple issues for your to consider. Many times, you can file bankruptcy and lose your home in foreclosure anyway, as a secured mortgage lender can ask the bank to allow them to sell your home and get paid that way. This would happen in Chapter 7 more than Chapter 13 bankruptcies. In Chapter 13 bankruptcies, you will be setting up a repayment schedule, which could help you keep your home and make payments according to the repayment plan you set up with the bankruptcy court. In this case, the bankruptcy court could stop your home fro being sold, if you are making approved payments, thereby avoiding foreclosure.

Whether to file bankruptcy or let your home go to foreclosure will depend on your specific situation, your income, your total debt, and your other expenses. It's best to make an appointment with an attorney to discuss whether a bankruptcy could actually help you save your home and avoid foreclosure. You might decide that your primary concern is to save your home, and not worry about your credit score. You can rebuild your credit score after bankruptcy, but buying a home or saving the one you have is much tougher. Talk with a credit counseling agency or bankruptcy attorney before you decide whether bankruptcy is worse than foreclosure for you and your family.

Do you need to decide right away whether to go through bankruptcy or foreclosure? You can find more about filing personal bankruptcy at BankruptcyHelpOnline.

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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 Mulling Over Strategic Default?

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

Hello, have you been considering strategic default? I am Kevin Kauffman and I am part of Group 46:10, the premiere short sale group in Apache Junction. I'm here to tell you that you have options if you're thinking about strategic default. More specifically I would like to talk to you about the actual consequence of strategic default as it applies to the amount of money that it will cost you to do it.

My business partner, Fred, and I have created a tool called the Short Sale Decision Calculator to help homeowners like you 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 home and allow you to enter your interest rate, the unpaid principal balance on your mortgage and your monthly payment. By putting in this information, we'll 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 how much 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 choice for you or if you should short sell your home.

Should you determine a short sale is the best decision for you, we would love to help you out. We've closed over 500 short sales in the past few years and have over a 90% closure rate. Please either visit our website or call us 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.