WEST VALLEY SHORT SALE UPDATE – DID YOU KNOW???

May 1, 2012 By Leave a Comment

There is some great things happening in our West Valley pertaining to short sales. Here is some helpful information for you to help guide you.

Avoid foreclosure by short sale with the krone team•The Mortgage Tax Forgiveness Act is due to expire on 12-31-12. This act may protect a homeowner who short sells or foreclosures on their homes from a huge tax liability.
•It could be possible to purchase another home immediately after closing on a short sale
•You don’t necessarily have to be behind on your mortgage payments to be approved for a short sale.
•You may qualify for a government program which will pay you $3,000 at the closing of a short sale
•Regardless if your home forecloses or you do a short sale, your HOA dues must be paid in full by you. This will be a personal judgment will be filed against you personally.
•In most cases, a Loan Modification is only a temporary “fix”, and over 70% of people who have done a Loan Modification end up in foreclosure or short sale.

Please contact Cheryl Krone at (623)298-4340 or email cheryl@kroneteam.com for a free short sale consultation. We have helped hundreds of families avoid foreclosure. Get all of the information you need to make the best decision for you and your family.

Filed Under: Short Sale Information for the West Valley of Phoenix, AZ Real Estate Tagged With: , ,

FREE Real Estate Short Sale Seminar, Goodyear AZ May 19

April 16, 2012 By Leave a Comment

The Krone Team will be conducting a free short sale seminar on May 19, 2012.

We have been talking with a lot of clients lately and they have all been having alot of questions.  What if my loan modification does not work out?  What are the tax consequences?  What are the legal issues that could arise?  Can I do a short sale if there is more than one loan on my home?

Please join us this Saturday at our seminar to get all these  questions answered and many more.  We will have a certified public account and an attorney on hand to get you the latest news.  The Krone Team has a  full time negotiator on staff to work on your behalf and take the sting out of you having to go through the painfull process of dealing with your bank.

Please join us this Saturday and get all of your questions answered at our short sale seminar.

Seating is limited, Please call Cheryl Krone at (602) 708-2073 to RSVP for your free seminar.

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Yes, You can Avoid Foreclosure in Phoenix!

July 20, 2011 By Leave a Comment

With more than half of homes and homeowners “under water” in the Greater Phoenix area, you may be one of thousands of people who are looking for information on how to Avoid Foreclosure in Phoenix. The Arizona Department of Real Estate and the Arizona Association of REALTORS® – suggests these options be explored before deciding to Short Sale your home. These options include:

Loan Workout
Forbearance
Loan Modification
Refinance
Deed in Lieu of Foreclosure
Work Out Sale
Bankruptcy
Foreclosure

After reviewing these options, almost in every situation when the homeowner must sell or thinks the only way out is losing the house to foreclosure, there is actually a third option. That third option is a Short Sale, and most often, is actually the best option – even if you also plan to file Bankruptcy. A Short Sale in conjunction with Bankruptcy is a more complicated Short Sale process; however, with the guidance of their Attorney and experienced Short Sale Realtor, Arizona Short Sale homeowners can get the fresh start they are looking for.

Foreclosure should be avoided as it often affects your credit by over 200 points, 7 years and an even impact your security clearance with many employers. The choice of last resort, letting the property go to Trustee Sale in a foreclosure should be avoided by first attempting to Short Sale your Phoenix home.

With so much to weigh out, it’s important to speak to a Realtor that is a Short Sale Specialist and can answer your questions, identify your options and assist you in being proactive. Keith and Cheryl Krone have been Realtors since 1983; and for the last 3 years have specialized in Short Sales in Avondale, Buckeye, Goodyear, Litchfield Park and Surprise.

For more information about Avoiding Foreclosure and Short Sales in Phoenix, please feel free to visit our website at AvoidingForeclosureInPhoenix.com, or for a confidential consultation contact Keith & Cheryl Krone directly at (623) 337-8277 ext. 201 or by emailing Info@AvoidingForeclosureInPhoenix.com.

Filed Under: Sellers Tips for the West Valley of Phoenix, AZ Real Estate, Short Sale Information for the West Valley of Phoenix, AZ Real Estate Tagged With: ,

Keith and Cheryl Krone can help ease the pain of a confusing real estate market

July 20, 2011 By Leave a Comment

We began our Real Estate careers in 1983 and have been residents of the Phoenix area since 1987. We have seen the explosion of growth and are excited about the future of this great state of Arizona.

With over 24 years of experience along with our CDPE designation has truly allowed us to help both our long time clients as well as those we are just meeting during some of the toughest times they have faced. What does being a Realtor with CDPE designation mean to you? A Certified Distressed Property Expert® (CDPE) has a thorough understanding of complex issues in today’s turbulent real estate industry and knowledge of foreclosure avoidance options available to homeowners. We can provide solutions, specifically Short Sales, for homeowners facing market hardships.

Unfortunately, homeowners regularly proceed without guidance of any kind through the often financially and emotionally devastating prospect of foreclosure. Speaking with a well-informed, licensed real estate professional is the best course of action for a homeowner in distress. Through comprehensive training and experience, we have the tools to help homeowners find the best solutions for their unique situations and to avoid foreclosure through the efficient execution of a short sale.

Living through financial difficulties poses a challenge for any family; it is our goal to help as many families as possible, every step of the way. To make that happen, we have hand selected a team of professionals who have the same moral and work ethics which has made our business such a success. Our team byline of “Integrity Based….Service Driven” is something we strive to meet with each and every customer and client.

For more information about foreclosures and short sales in Phoenix, please feel free to visit our website at AvoidingForeclosureInPhoenix.com, or to contact Keith & Cheryl Krone directly at (623) 337-8277 ext. 201 or by emailing Info@AvoidingForeclosureInPhoenix.com.

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New Resource for Avoiding Foreclosure in Phoenix

June 10, 2011 By Leave a Comment

Keith & Cheryl Krone of The Krone Team at Keller Williams Realty Professional Partners launches website and marketing plan specific to homeowners facing foreclosure hardship in the Phoenix, Arizona  real estate market.

 

Phoenix, AZ — Keith & Cheryl Krone of The Krone Team at Keller Williams Realty Professional Partners, a Phoenix real estate specialist, has developed a marketing strategy and website that is focused on assisting distressed homeowners find information and investigate options to avoid the foreclosure process. As an expert in short sales, a real estate transaction option that banks will consider instead of foreclosure with specific guidelines, Krone is determined to provide essential knowledge to homeowners in Phoenix facing this unfortunate circumstance.

Visitors to AvoidingForeclosureInPhoenix.com will find information regarding the process of foreclosure, what effects foreclosure has on a homeowner, and ways to prevent the foreclosure process from continuing. The website features easy-to-understand informational tools such as a list of frequently asked questions, a glossary of terms and free reports as well as resources that allow the homeowner to get their questions addressed in a confidential manner. In addition, the website offers the homeowner information regarding short sales, often a viable solution to foreclosure that can save a distressed homeowner from the damaging effects foreclosure has on their credit.

“I feel that it is important in today’s economic conditions for homeowners to know that they have options other than the foreclosure route,” says Krone. “Statistics show that 50% of homeowners facing this stressful situation often ignore the issue and that doesn’t have to be. There are options such as a short sale, especially if the homeowner works with an experienced REALTOR® to provide them assistance in showing the lender the hardship situation and other real estate documentation.”

Krone and The Krone Team at Keller Williams Realty Professional Partners new website provides visitors with a description of how the short sale process works, how it compares to a foreclosure, and how a homeowner may be able to qualify for a short sale. As a Certified Distressed Property Expert (CDPE), Krone has taken the initiative to become an educated and prepared advocate on the behalf of a homeowner in distress. Earned by completing detailed and thorough coursework via the Distressed Property Institute, real estate agents with the CDPE designation are armed with the necessary tools and information to help distressed property owners avoid foreclosure and continue their lives.

For more information about foreclosures and short sales in Phoenix, please feel free to visit the website at AvoidingForeclosureInPhoenix.com, or to contact Krone directly at (623) 337-8277 ext. 201 or by emailing Info@AvoidingForeclosureInPhoenix.com.

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Does a Short Sale affect my credit differently than Foreclosure?

February 4, 2011 By Leave a Comment

Are you considering a Short Sale in the Avondale, Goodyear or Litchfield Park area but unsure how it will affect your credit? A short sale may be considered to be a derogatory mark on your credit even though credit bureaus do not show the word “short sale” on your credit report. It may say “paid in full for less than agreed” or similar category.   Some clients have reported negative FICO score drops from 50 points to 130 pointswhile the drop is 200 to 400 points after a foreclosure! Generally this credit score will remain on your credit report as a public record for 7 to 10 years.

All lenders report short sales differently and some do not report them to the credit bureaus at all. However a Foreclosure stays on your credit report for 7-10 years. If a prospective employer runs a credit check on you, your job application may be denied if you have a foreclosure on your record. In this job market, it’s an important factor to consider.

Another thing to consider, Loan applications do not ask questions about a short sale. You may report that you sold your home. However with Foreclosure, you are required to answer the question: “Have you ever had a property foreclosed upon or given a deed-in-lieu thereof in the past 7 years.” If the bank sees you have had a foreclosure, your loan most likely will be denied. If you lie, you may be subject to investigation by the FBI for fraud.

With so much to weigh out, it’s important to speak to a Realtor that is a Short Sale Specialist and can answer your questions, identify your options and assist you in being proactive.  Keith and Cheryl Krone have been Realtors since 1983; and for the last 3 years have specialized in Short Sales in Avondale, Buckeye, Goodyear and Litchfield Park. To schedule an appointment to discuss your unique situation, contact Cheryl at(602) 708-2073 or Cheryl@kroneteam.com. 

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Short selling your home in Goodyear, Litchfield Park, Avondale and Buckeye

September 26, 2010 By Leave a Comment

If your thinking about Short selling your home in Goodyear, Litchfield Park, Avondale and Buckeye AZ you’ve come to the right team!  Having been Realtors in the Phoenix area since 1983, it is a priority for us to continually build upon our knowledge to best serve the community of Litchfield Park, Goodyear, Avondale and Buckeye. We are Short Sale Specialists and recently attended a Specialized Conference last week which provided us further advanced knowledge on how to best assist the Short Sale Seller. This is imperative as it takes a highly skilled Realtor to successfully complete a Short Sale. We have an excellent team of Short Sale Specialists to serve the South West Valley. We have found that our clients feel huge relief after a consultation explaining the options they have and simply knowing they are not alone!

If this short selling your home in Goodyear, Litchfield Park, Avondale and Buckeye is something  you would like to learn more about, please call Cheryl Krone with the Krone Team at Keller Williams to set up your private consultation and you can attend our next Short Sale Seminar scheduled for October 16 at 1:00 p.m. (602) 708-2073 or emailCheryl@kroneteam.com.

 

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SHORT SELLING YOUR HOME IN GOODYEAR, ARIZONA

July 20, 2010 By Leave a Comment

Although short sales take up a massive amount of time, there is certainly a gratification in saving someone from going into foreclosure.

If your thinking about short selling your home in Goodyear Arizona please give us a call today.  Alarmingly there are still many people who when faced with a payment they can no longer afford, just don’t know their options. Most of our clients feel a huge amount of relief after my consultation explaining the options they have. It takes the skill of a veteran Realtor to successfully complete a short sale. Before entering into any short sale situation with an agent, be absolutely positive short sales are their specialty & they know what they are doing.

If you own real estate in Goodyear and are thinking about short selling your home and would like to find out your options, please call Cheryl Krone with the Krone Team at Keller Williams to set up your private consultation. (602) 708-2073 or email at Cheryl@kroneteam.com

Filed Under: Sellers Tips for the West Valley of Phoenix, AZ Real Estate, Short Sale Information for the West Valley of Phoenix, AZ Real Estate Tagged With:

Goodyear AZ short sales from a buyer’s perspective

January 31, 2010 By Leave a Comment

Goodyear AZ short sales from a buyer’s perspective.  Oh, the short sale. Almost 1/2 of the homes on the market today are either short sales or foreclosures. There are some advantages in buying a short sale, and also some frustrations.

By definition, a short sale is where the seller owes more money on their home than the market is willing to pay. This has become very commonplace due to the intense appreciation we were experiencing 2-3 years ago.

The advantage from a buyer’s perspective is obviously finding a good deal. Often banks are letting homes go for rock-bottom prices just to get them off their books. The disadvantage is the amount of time it takes for the bank to respond. Typically the Loss Mitigation Department works on these short sales. They are extremely backed up at the moment, so a it may take them 4-8 weeks to get an answer back on a buyer’s offer. This can be frustrating for any Goodyear AZ short sales from a buyer’s perspective.

Bottom line: The bargains are there, as long as time is on your side. By the way, the banks are much more timely on homes that have already hit foreclosure.

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