We sought to speak to you in relation to short sale consultations. When you call us or register for a short sale survival guide via our website you will get a follow up phone call from me directly. On the Steve Horn Team, I am the only one who will answer your questions in relation to the short sale route. In the initial phone conversation we will talk about where you are at in the short sale route.

When we have talked about your current circumstances and I believe that there is a sufficient reason for you to do a short sale, I will arrange an appointment with you. At that instant, I will arrive at your home to do a seller consultation. We will discuss your circumstances face to face. That way, I distinguish where you are coming from and you can hear regarding all of the choices that are out there for you. I want you to be aware of all of the choices out there like short sales, loan modifications, or deed in lieu of foreclosure.

Next, we will talk about the short sale method. This is the best way for you to comprehend the five diverse steps in the short sale process to get to closing. We will also speak concerning the risks involved when we get approval on the short sale.

I will also discuss our marketing strategy with you. Our marketing plan is setup for a 30-day plan. When it comes to short sales, price is one of the key factors. Nevertheless, the marketing that takes place is critically important. Some realtors just don’t have marketing plans.

Lastly, I will also break down the appraisal of your property and go through the paperwork. house appraisal is something that I hang my hat on. I comprehend the appraisal method as well or better than the banks.

We will do all of this things with a short sale consultation to help make the short sale process easier for you to deal through.

Arizona Steve Horn Team can answer your questions. We are Arizona’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtor, Steve Horn, at Homes by the Horn presented by the Steve Horn Team, Short Sale Specialists of Arizona

We would like to speak to you today about our Short Sale survival Guide that we mail out to our clients. As soon as you come to our website, you will see a request to obtain our Short Sale Survival Guide.

In our Short Sale Survival Guide we will include a checklist for you with everything that you need. You will find out everything that the bank may ask for to route your short sale. One of the great things that you will find is that we produce a very clean packet when we send this packet off to the bank. Just like going to a job interview not dressed well, if your packet isn’t tidy the bank will not pay much attention to it. This sets us apart from many short sale agents out there.

When you go through the short sale guide, you will locate information about completing a short sale, hardship letter, W2’s, bank statements, current pay stubs, IRS forms, and copies of your mortgage statements. There will in addition be documents to defend you. Everything in the short sale procedure can be defined in a letter.

Within the guide we even enclose a sellers authorization. This gives us the capability to speak to the bank and negotiate on your behalf. There is in addition a “please do not contact me by phone” document. How many of you have missed payments and get phone calls from the bank? This document asserts to the bank that you are not to be called.

Loan modification waivers, trustee sale plus liability disclaimer. If you are in default on a loan the bank holds the right to foreclose on your property. If you are in a short sale you possess a great opportunity to elude foreclosure. If a real estate agent ensures that they can avoid foreclosure, scurry away from them quick.

The Short Sale seller advisory was crafted by the Arizona Department of real estate. It is also furnished in the Short Sale Survival Guide. A timeline and expectation list are also given.

This is a smart piece of literature to help you stay educated throughout your short sale process.

Arizona Steve Horn Team can answer your questions. We are Arizona’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtor, Steve Horn, at Homes by the Horn presented by the Steve Horn Team, Short Sale Specialists of Arizona

We’d like to familiarize you to particular terms that are used in the short sale process. Lots of inexperienced short sale agents like to apply the phrase ‘escalation’ while trying to acquire new clients. Escalation is a phrase that is employed entirely too often. With the Steve Horn Team you will always get straight forward and honest information. We tell you exactly what we are dealing with in bank deliberations in addition to buyer deliberations. We feel that is the professional thing to do.

Most real estate brokers may notify you that they are remarkable at escalating. Ask them what that means. They will frequently inform you that they ask to talk to the negotiator’s boss. However, more often than not, the agent asks to speak to the manager when something is going wrong.

Our stategy is different than other agents. We don’t ask for the boss as soon as there is a dilemma. We ask for them as soon as we first start dealing with the short sale procedure. We choose to be on an stable plane with the negotiator and then graciously request their supervisor’s contact information. So therefore we have the information sooner than we ever need it.

There are times to escalate and not times to escalate. At times, in order to save a home from foreclosure or to remove the inconvenience of dealing with an unruly negotiator, we will negotiate. For instance, we had a negotiator decline to postpone a foreclosure date for the reason that we had previously spoken with their supervisor. As a result, in that case, we had to escalate to go around the disorderly negotiator.

At the Steve Horn Team, we arrange our procedures in order. That is why we are one of the top real estate teams in the region.

Arizona Steve Horn Team can answer your questions. We are Arizona’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtor, Steve Horn, at Homes by the Horn presented by the Steve Horn Team, Short Sale Specialists of Arizona

Can I short sale my home in the Phoenix market if my home is worth less than my mortgage balance? As a phoenix short sale specialist, I can accurately answer that question. Keep in mind, at all costs the bank doesn’t desire to foreclose on the property. At hand are some diverse scenarios that we want to establish to the bank in order for a successful Phoenix Short Sale.

***does the client have evidence of hardship, the hardship can be produced by loss of pay, loss of job, annulment, employment relocation etc…

****short sale vs foreclosure, the bank in most cases is going to desire the home to sell as a short sale vs foreclosure.

****Is there a foreclosure date set. If there is a foreclosure date set bank may be a lot more agreeable to work a short sale.

Please hold in mind, we have closed more than 100+ short sale properties. We have had individuals who are suffering excessive hardship some individuals have not been as severe. Bottom line is there is a much higher success rate on the short sale, than there is on a loan modification. As a phoenix short sale real estate agent, I will advise you properly on what your best options can be.

Remember, at Short Sales Done Easy, we work hard to make your short sale procedure go smoothly. There is no better benefit to a succesful short sale than having a experienced real estate agent working on your behalf. Steve Horn is one of the most skilled short sale agents in the Phoenix area. Get a hold of him today to discuss the options that are available to you.

Arizona Steve Horn Team can answer your questions. We are Arizona’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtor, Steve Horn, at Homes by the Horn presented by the Steve Horn Team, Short Sale Specialists of Arizona

Figures are critical in the real estate industry because they can give you an exact portrait of the present real estate market. Even with the negative stuff in the news day after day, it’s difficult to recognize exactly what is happening in your area.

The statistics are essential so that we, as real estate specialists, can tell the purchasers and sellers that we work with what could potentialy occur in the real estate market. Minneapolis data are actually very comparable to national statistics. As in most markets, the tax credit that recently expired has severely impacted the real estate market. The week that the tax credit expired, our local market saw roughly 1500 houses sold with the weeks prior to that averaging around 1200 properties sold. To put that figure into perspective, over time the average homes sold in the Minneapolis market per week is around 1000. Yet, with the tax credit now expired, weekly numbers have dipped to approximately 650 homes sold per week.

As the purchasers are lessening each week and fresh listings continue to come on the market, things will almost certainly get tougher for sellers. We believe that it is a fantastic time to acquire a property. While there are a lot of uncertainties with the market right now, interest rates are at an record low and home prices are lower than they have been in decades. The affordability index in the Minneapolis neighborhood is presently at 200%. That means, based on the mean income in the Minneapolis area and active house prices, most people can afford to purchase two homes!

We are very much in support of purchasing in this market. The homes per buyer last year at this time was 5 to 1. Basically, for each buyer looking for a home, there were five properties on the market. This year, currently, that ration is 8 to 1.

Regardless of your stance, be proactive about this process. Waiting to sell your house will only extend the problem and waiting to acquire a property could cost you more money in the future.

Minnesota Short Sale Shift can answer your questions. We are Minnesota’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota

Many times we express amusement throughout this show, but we have to maintain a upbeat attitude because reflects on our company and we want to keep that upbeat outlook to deal with the bank and get short sales completed quickly. So, while we have to be hard with them, we try to preserve a optimistic outlook.

This is true with GMAC, which is our latest favorite lender after venting yesterday in relation to Wells Fargo. GMAC is using Equator which is a short sale folder management system which helps negotiations between us and the lender. It is extremely beneficial. We are working on a file that is moving as quick as we have ever seen. They did forward us a counter offer that was a tad high, but overall, GMAC has been very easy to deal with. We had the home listed at that price for close to a month. So, now we do love GMAC. We only want you to recognize that there are encouraging things occuring at the bank.

When we obtain an offer that nets them a good percentage of what they are losing we have a improved probability at closing the folder. If you are an agent, one of the most important things is to note is what the BPO comes in at. They have been telling agents the percentages that they are attempting to net recently. So, if you know the BPO and you know what percentage the bank is trying to recoup, you will be in front of the game. You will also know whether you need to challenge the folder and get it closed in a timely way.

Thanks for tuning in to Short Sale Shift. If you have a house that you would like to short sale in Minnesota, please don’t hesitate to speak to us today.

Minnesota Short Sale Shift can answer your questions. We are Minnesota’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota

Your Phoenix short sale specialist believes that there are stronger options then foreclosure, yet loan modification have a very small percantage of success.  The loan modification is an effort to reduce your payments in order to retain the borrower in the residence.  There are quite a few hazards involved with the completion of a loan modification.

****most figures state the national average for a successful loan modification is close to 10%

****Multiple banks might present a tryout period although in many cases will not divulge upfront that your credit may be affected while doing a trial period loan modification.

*****90% of my clients that I have spoke to have been issued rejection letters from the banks after trying to achieve a loan modification.

Banks understand that a large percantage of borrowers that attempt loan modification will eventually short sale or foreclose.  The banks task is to accumulate mortgage payments, and when the bank can get the borrower to consent to a trial period they have achieved their function as the bank.  In the Phoenix market, with the high rate of foreclosure, the bank may not postpone sale dates even as the borrower is attempting a  loan modification.  As a short sale specialist, the Steve Horn Team can counsel you on all choices.

Remember, at Short Sales Done Easy, we work hard to make your short sale procedure go smoothly. There is no greater benefit to a succesful short sale than having a skilled realtor working on your side. Steve Horn is one of the most successful short sale realtors in the Phoenix area. Contact him today to talk about the options that are available to you.

Arizona Steve Horn Team can answer your questions. We are Arizona’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtor, Steve Horn, at Homes by the Horn presented by the Steve Horn Team, Short Sale Specialists of Arizona

Today, we would love to discuss a topic that isn’t so fun for the seller. It’s a expression that some realtors already recognize, and are forced to live with.

Buyers are liars

What that ultimately means is that any time we come in contact with a purchaser, we want to be conscious of what can happen. All buyers out there are looking for the best deal out there in the market. There isn’t a whole lot of reliability to the realtors, or their signature when they sign a purchase contract. In this short sale market which we are all working in right now, there is a vast fallout rate.

The difficulty that a short sale team faces is that we will work with the contract as well as work with a bank, speaking with all parties. When we acquire an offer accepted from the bank, we go back to the buyer. Often times the buyer offers us some feeble excuse based on the inspection period or an assortment of other factors. Consequently, there is a huge fallout rate once we get to written approval.

On the Steve Horn Team, we maintain a policy inside our office, that our negotiator and our staff are in continuous interaction with the buyers agent. We like to make sure that the buyer is still in the game. We do this because most of the time, the bank will start over entirely if the buyer pulls out. When you list your house for short sale, you ought to recognize the good and the bad.

Remember, at Short Sales Done Easy, we work hard to make your short sale procedure go smoothly. There is no greater benefit to a succesful short sale than having a skilled realtor working on your side. Steve Horn is one of the most successful short sale agents in the Phoenix area. Get a hold of him today to talk about the choices that are available to you.

Arizona Steve Horn Team can answer your questions. We are Arizona’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtor, Steve Horn, at Homes by the Horn presented by the Steve Horn Team, Short Sale Specialists of Arizona

Yesterday we talked about how vital it is to have an in house negotiator versus outsourcing it to a 3rd party negotiator that you have no control over. Today, we will talk about negotiating the short sale.

What is a day in the life of a negotiator like and why is it so valuable to have them in house while you negotiate a short sale? When you acquire a purchase agreement and present it to the bank, it takes about thirty days to get your file assigned to a negotiator and another 30 days to have an appraisal ordered. With negotiators working in house, they call on your file each day. That allows us to slash the appraisal time down from sixty days to thirty days. We make sure of this because we don’t want your home to go to foreclosure and your debt to swell. We furthermore do not want you to continue to miss payments because this may hurt your credit score even more. Accordingly, we have a vested interest in you as our client to have this done as quickly as possible.

Our negotiator will get your file over to the bank as swiftly as possible. Afterward he calls the bank each day to guarantee that the appraisal gets ordered as quickly as possible. When we have the negotiator and the appraisal ordered, we let you know that we are on the right track. That is what surprises me with Phoenix real estate brokers that profess they are short sale specialists. Anyone can list a short sale. Conversely, as a listing agent, I couldn’t possibly go to listing appointments plus negotiate dozens of short sales at the same time. That is why we have hired somebody who specializes in negotiating with the banks.

No matter if you have a listing in Avondale, North Phoenix, Gilbert, Maricopa, or a multitude of other areas we want your listing.

Arizona Steve Horn Team can answer your questions. We are Arizona’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtor, Steve Horn, at Homes by the Horn presented by the Steve Horn Team, Short Sale Specialists of Arizona

As we are increasing the short sales on the market, I was reading an editorial from a popular news summary source regarding how condominiums are lower than the cost of a Corolla. I know real estate property have been depreciating recently. Yet, at the prices we are seeing now, you are certainly better off buying a condo than a Corolla. I like Corollas. They last for a long time, but buying assets that can cash flow is probably a better deal.

We predominantly do short sales. We are Minnesota’s leading short sale group. Nonetheless, I also look at the things that people ought to be taking advantage of right now. The existing times are much like the Great Depression where there is an equalization of assets. The citizens who had all of the money lost a noteworthy amount and the citizens who had nothing weren’t burned. This is the time to acquire. We presently are seriously invested in real estate.

We don’t take the foreclosures and short sales lightly. It is a difficult time for property owners. Yet, on the other end of the spectrum, this will help make housing more affordable. Citizens who are doing short sales right now will almost certainly be able to get a better property with the same amount of money. As the market continues to go downhill, the opportunities are all over. This is a wonderful time to invest. We look forward to talking to you again soon.

Maybe now is the time to think about a change in thinking. If there was ever a time to buy while prices are lower.

Minnesota Short Sale Shift can answer your questions. We are Minnesota’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota