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short sale vs. foreclosure

Why Should You Consider A Short Sale Right Away On Your Arizona Property

Hello everyone my name is Kelly Cook with the KC Real Estate Team, your :k1: short sale experts, thank you for your time today. I work with Keller Williams Realty in the :k1: area and our team of experts are working with distressed property owners every day to help them find their best option for avoiding foreclosure. If you are currently behind on your mortgage or need to sell your distressed property in a hurry please browse my website or call my office today to chat with an expert about your real estate options.

For my blog today I wanted to talk with :k1: homeowners about a great free tool on my website. On my website you can try out our free Short Or Stay Calculator today that will help you determine if a short sale is your best option. In my opinion a short sale is an :k1: homeowners best option for selling their distressed property and this great tool can help you make that decision. Keep in mind that the Mortgage Debt Relief Act is set to expire as of today which is in place to save on your taxes. As short sales become more common I have even seen :k1: homeowners buy a home again in as little as two years. Given the housing market and interest rates available today a short sale could be your answer to starting over at the best time.

So if you are considering a short sale or just want to learn more about your options for avoiding foreclosure take a minute to fill out a contact form on my website or call me directly. And of course make sure to try out the Short Or Stay Calculator on my website to learn about your current property value and what your next step should be. Thank you for your time today and I look forward to helping you in the future with all of your :k1: real estate needs.

Do I Have To Be Late On My Mortgage To Complete A Short Sale In Arizona

Hello everyone my name is Kelly Cook with the Kelly Cook Real Estate Group, your :k1: short sale specialist, thank you for joining me today. Our team of short sale experts are working with :k1: homeowners every day to find the best solution for avoiding foreclosure. If you are behind on your mortgage or just have questions on the short sale process take a minute to search my website or call me directly to learn more about how the Kelly Cook Real Estate Group can help you.

For my blog today I wanted to speak with you about an interesting topic that many :k1: homeowners ask about when considering a short sale. It is some what of a controversial topic but homeowners often ask me if they need to be late on their mortgage payments in order to complete a short sale. The short answer to this question is no but for most :k1: homeowners you will need to be behind on your mortgage to get approved for a short sale. While there are some ways to get a short sale done and stay current most lenders require the mortgage to be delinquent in order to allow a short sale to take place. The short sale guidelines put in place by most banks require a valid reason, or hardship, to complete a short sale which is why staying current through your short sale and getting an approval may be a challenge.

If this is a topic you have been thinking about give me a call to discuss the details of your mortgage situation and the different ways we may be able to help you. If you are unsure if a short sale is right take a minute to try the Short Or Stay Calculator on my website to learn more about the property value of your home in different recovery scenarios. Thank you for your time today and I look forward to hearing from you soon at :k1:’s short sale specialist with the Kelly Cook Real Estate Group.

Do You Have A Mortgage With PNC Bank And Want To Do A Short Sale?

Hello everyone this is Kelly Cook with the Kelly Cook Real Estate Group, your :k1: short sale specialist. We can be found online at www.azkcrealestategroup.com. We specialize in helping homeowners throughout the entire :k1: area find alternatives to foreclosure through the means of a short sale. Today we are going to discuss doing a short sale with the bank PNC.

They are based out of Pittsburgh, PA and a lot of their loans are held in second position. They are tough to deal with for a couple of different reasons. The main thing to remember though is that if you are trying to do a short sale with PNC, you definitely want to strategize in terms of how you’re going to let the short sale play out through a financial standpoint. A few things that we recommend is that you give us a call because we work with them a lot; if you’re able to put some things in place up front, the success rate with them is pretty good. If you don’t plan ahead, it’s going to be a very tough, uphill battle. Please give us a call and we’ll help lay out a plan for you and help you put your short sale strategy together.

Contact us here on our website, email us at info@kellycookhomes.com, or give us a call at 480.442.9868. For more useful information regarding you short sale with PNC Bank, or any other bank that you have your home loan with, please contact us today. If you live in the :k1: area, we can help you avoid foreclosure, free you from some of your debt and successfully short sell your home. Also feel free to check out our Short or Stay Calculator. By inputting in some simple mortgage and property information our calculator can help you determine if it’s financially better for you to stay in your home or if a short sale is the better option for you. I highly encourage you to take advantage of it today.

Finding The Secret To Success While Working With ACS On A Short Sale

 

Hello everyone Kelly Cook here with the KC Real Estate Team, your premiere short sale team in the :k1:, thank you for checking out my blog today. My team and I are dedicated to helping :k1: homeowners avoid foreclosure and I use my blog to provide valuable information on that exact topic. If you are behind on your mortgage, or already considering a short sale, please take a minute to browse my website or contact me directly to discuss your options.

For my blog topic today I wanted to discuss working with ASC on a short sale file and some of my recent experiences. ASC is a mortgage servicer that is a division of Wells Fargo and I have extensive experience working with their team. Unfortunately it can be pretty hard to find contact information for ASC online and their website is actually listed under a different name. Aside from that I love working with ASC because they have worked hard to make the short sale process fairly easy. ASC uses a secured e-mail system that makes it easy to get in touch with the representative in charge on your file. Thankfully I have made some great contacts within the ASC short sale department who I can always turn to if one of your files is having trouble getting approved. Our team has closed over ninety eight percent of the :k1: short sales we have taken on with ASC and are very proud of that number.

So if you have questions on ASC please take a minute to visit my website or contact me directly for even more specific information. On my website you will find a great new product called the Short Or Stay Calculator that will give you a big picture idea of when your home will become an asset again. Thank you for your time today and I hope to hear from you soon at the KC Real Estate Team.

Should I Choose Select a Chase Short Sale Over a Foreclosure?

Hello everyone, my name is Kelly Cook with the Kelly Cook Real Estate Group, :k1:’s short sale specialists. We specialize in helping valley homeowners across the entire Phoenix area short sale their properties while finding alternative options to foreclosure. We can also be found online at www.azkcrealestategroup.com.

Now the topic we are addressing today specifically is do we deal with Chase Bank on short sales? The answer to that question is a profound yes. We do a lot of business with Chase and have helped a lot of valley homeowners short sale their properties when they have Chase loans. We deal with each type of loan structure with Chase from clients who only had one loan to clients who had two loans with Chase. We’ve been very successful negotiating the highest dollar amount possible from the first loan with Chase to go to the second loan whether or not it is a home mortgage, amortized second or a HELOC. Now Chase does have a separate HELOC division that we’ve been very successful with and have established some good relationships and contacts with that department as well.

Now Chase kind of follows the old fashioned way of doing business by printing and faxing documents into them which can be kind of cumbersome, but that’s the way in which they do it, so that’s what we do for our clients. We’ve established some great relationships with Chase over the years from the negotiators to the loan processors to the work out specialists.

So if you have a Chase short sale today, please don’t hesitate and give us a call today. Again, I’m Kelly Cook with the Kelly Cook Real Estate Group, one of :k1:’s leading short sale specialists and we will put our contacts and our experience to work for you. You can contact us on the form here on the website; you can also email us at info@kellycookhomes.com or simply give us a call at 480-227-2028. I hope you enjoyed the video today and we look forward to seeing you on the next one. Take care, goodbye.

For more information on short sales and how to avoid foreclosure, visit the Kelly Cook Real Estate blog or you can also contact the Kelly Cook Team and get started today.

Arizona’s Anti-Deficiency Law And How It May Affect You

Hello everyone, this is Kelly Cook with the Kelly Cook Real Estate Group, your :k1: short sale specialist. If you are struggling to pay your mortgage or are tired of being underwater on your home, we have the answers you are looking for. To get more information about our company, alternatives to foreclosure and short sale resources, please check out our website. We can be found online at www.azkcrealestategroup.com. Today the topic we are addressing is Arizona’s anti-deficiency statute.

This is a topic that gets a lot of buzz because it does provide additional protection in a foreclosure or short sale situation. It’s important, too, because Arizona is only one of fourteen states that have some sort of anti-deficiency exemption when there is a potential foreclosure or short sale. Another aspect of the Arizona anti-deficiency statute that is commonly misunderstood, not only by people, but by the banks as well, is the fact that it also protects investors and investment properties. A lot of banks think that if it’s an investment property, the statute doesn’t apply and this is not the case. Several years ago, the state government tried to get it passed through the legislature to not have the anti-deficiency statute cover investors, but they were not successful in getting it passed.

This anti-deficiency statute does go much more in depth and we’d love to discuss this with you further on a case-by-case basis. Please feel free to contact us on our website under the “Contact Us” tab, email us directly at info@kellycookhomes.com, or give us a call at 480-227-2028 to schedule your free consultation. At Kelly Cook Real Estate Group, we can assist you with all of your short sale needs and provide you with the resources and information to keep you current on the short sale world. If you are looking to avoid foreclosure by short selling your home, please contact us today.

While A Short Sale Is Best Consider All Your Options For Avoiding Foreclosure

Hello everyone my name is Kelly Cook with the KC Real Estate Team, your short sale specialists in the :k1: area, thanks for checking out my blog today. My team and I are devoted to helping :k1: homeowners avoid foreclosure and I use my blog to provide valuable information on that exact topic. If you would like more information on the short sale process or are already considering a short sale take a minute to browse my website or contact me directly to discuss your options.

For my blog topic today I wanted to cover your different options for avoiding foreclosure and how they compare to a short sale. Aside from a short sale your other options for avoiding foreclosure include a loan modification, bankruptcy, and a deed in lieu of foreclosure. Personally I feel a short sale is the best option for any homeowner but it is always good to have options. A bankruptcy is pretty self explanatory and should only be used in certain circumstances since it will have a profound impact on your credit and ability to secure a loan in the future. Second is a deed in lieu of foreclosure which is performed much like a foreclosure but could have a decreased impact on your credit depending on your lender. The third and final alternative is a loan modification and this will serve to reduce your monthly payments and allow you to stay in your home.

While these three alternatives do have their advantages a short sale can be a better option in the long run. If you are behind on your mortgage and considering your options please give me a call today to discuss your unique situation. This is Kelly Cook with your :k1: short sale specialists, thank you and have a great day.

How Long Does The Arizona Short Sale Process Take?

Hello everyone, Kelly Cook here with the Kelly Cook Real Estate Group, your :k1: short sale specialist. We can be found online at www.azkcrealestategroup.com; we service and help homeowners across the entire :k1: area short sell their properties and find alternatives to foreclosure if they are underwater.

Today we are addressing one of our frequently asked questions, “How long does the short sale process take?” The simple answer to that is approximately ninety days. You also have the time in front of that, which is the marketing period where you have to find a buyer and obtain an offer on the property. Then there’s the negotiation period where we submit everything to your lender up until the point where we negotiate the lender’s approval. This usually lasts about ninety days. The last stage is the escrow period; this is the time it takes the buyer to close on the loan, which usually takes about thirty days. It could easily be up to 180 days to complete the short sale process, but on average it usually takes about 90 days.

There are also other factors that could impact the length of your short sale transaction, such as who your bank is or who your investor is. It’s always good to have a qualified and experienced short sale agent like the Kelly Cook Real Estate Group help you out. If your short sale process gets stuck and is slow moving, we can call upon one of our contacts that we’ve established a relationship with over the years.

If you are stuck in negotiations that have gone nowhere, it’s always good to be able to contact someone on the inside of the company to help you out and find a solution. Again, you can only get these things by hiring an experienced agent that is well-practiced in short sales. Please contact us on our website, via the live chat, email us or give us a call at our office. We look forward to hearing from you and helping you with your short sale.