My First Short Sale

Howdy and welcome, my name is Kevin Kauffman and that is Fred Weaver. We’re Group 46:10, one of many the nation’s premiere short sale teams. We’re on our blog today speaking about short sales and the type of info we can deliver to you the consumer. You could have discovered this weblog as a result of you’re doing research on short sales. You could be wondering in the event you do a short sale, how long after that may you qualify to purchase a house again. It is a hot topic and a sound question. I honor you for asking it, as a result of not only are you concerned along with your present situation and getting rid of a bad asset, but you’re also looking at profiting from these great prices and how do you get back out there and buy again.

My First Short Sale

Thanks for stopping by our blog today. We are Kevin Kauffman and Fred Weaver, the leading short sale specialists in Arizona and specifically the Phoenix region. We sought to get a couple minutes of your time to talk about short sales and a few of the questions that we hear from potential clients on a regular basis. We have closed greater than 300 short sales over the past couple years and one of the questions we pick up most frequently is “Why would I do a short sale?”

My friend was approached with a Sale Leaseback opportunity. She is promised a certain amount of money over time. She will act as the investor in the situation.
Does anyone know if this is a scam or risk to the investor?
The agent set up the buy of the house on a foreclosure. She takes out the loan, at the end of the lease, the agent gives her money made off of the people who signed the house over to her to avoid foreclosure.

I know both are bad on credit, but is the short sale, a teeny bit better, at least? Also, house is not in my name, so my credit won’t be affected… we can use mine in the future to buy a house when we are ready.