Short Sale Power Hour

Hi and welcome. We are Kevin Kauffman and Fred Weaver, Arizona’s leading short sale specialists. We’ve closed more than 300 short sales in the Ahwatukee region. Still, this blog isn’t about us. It’s about you, the property owner. This website is designed to give you a little information and clarity concerning short sales.

We’re here today to speak to you about GMAC bank. Owned by Ally Financial, GMAC has made a lot of changes over the past few years. They have just changed their process to Equator, which is a smooth online system for dealing with short sales. Their process has gotten much smoother in recent years.

Short Sale Shift

Many times we giggle during this show, but we have to keep a positive approach because reflects on our business and we want to keep that encouraging outlook to deal with the bank and get short sales completed rapidly. So, whereas we have to be hard with them, we attempt to keep a upbeat approach.

Short Sale Power Hour

Kevin and Fred are hanging out at Taco Surf in Pacific Beach, California. Fred in fact held his wedding reception at Taco Surf. If you are ever in the San Diego neighborhood, you must check out Taco Surf. The reason Fred is having such a tardy lunch today is because he has spent numerous hours this morning babysitting foreclosure auction dates.

Short Sale Power Hour

First and foremost, remark on today’s video at shortsalepowerhour.com and you will have the chance to be entered into a drawing for complimentary flip flops from the team at Group 46:10

We are going to talk about a commission dispute that we had on a file that was being handled by Bank of America. The investor on the file was HSBC. The folder was rejected in spite of the offer being the same as the BPO. We came to find out that they sold the mortgage to Condor Capital.

Short Sale Power Hour

Today is Unforgettable Friday Kevin and Fred would like to communicate some scenarios and in particular, one transaction. Hopefully, you will hear some of the mindset that Kevin and Fred take into a short sale transaction. Fred and Kevin get numerous questions centered around some of the ideas focused on in the subsequent story.

Short Sale Power Hour

Group 46:10 will be taking a vacation from their show to go on the path to Italy for a small bit of rest and relaxation. However, there are many quality episodes coming up. So, stay tuned to the week of information and instruction.

Today is about a subject that comes up quite often but is very often misunderstood. Kevin and Fred do not teach about it as much as they could, but that is just because they do not want to give it an credibility. The theme is bank counter offers.

Short Sale Power Hour

Everybody’s preferred day on the Short Sale Power Hour is F’ed up Friday. It gives the boys at Group 4610 the chance to reveal an unforgettable moment in their short sale careers that may or may not be a learning experience for the rest of you.

This week, Fred takes us back to a time when he was putting a short sale together with Ray at EMC Mortgage. Fred and Ray were working on file that was perfect. By flawless folder, we are referring to the proposal and the BPO were the exact same quantity. Both were priced at $315,000. Fred knew the offer and he knew the BPO because he did his research. Ray accepted the agreement. Nevertheless, he said that EMC would only pay 5 percent commission since it was a luxury house.

Short Sale Shift

Many times we giggle during this show, but we have to keep a positive approach because reflects on our business and we want to keep that encouraging outlook to deal with the bank and get short sales completed rapidly. So, whereas we have to be hard with them, we attempt to keep a upbeat approach.