Hello everyone Kevin Kudrna here with Integrity Team Short Sales, your Colorado Springs short sale experts, thank you for checking out my blog today. I work with Keller Williams Realty in the Colorado Springs area and up date my blog frequently to provide distressed property owners with valuable information on their options for avoiding foreclosure. If you can no longer afford your mortgage, or are already considering a short sale, stop by website or contact me directly to learn more about your options for getting out from under your mortgage.

Today I wanted to discuss working with Bank of America on an FHA short sale and some of my recent experiences. First off I wanted to mention that working with the FHA and Bank of America has been great. This is largely impart to their streamlined program and overall I have had incredible success getting approvals quickly. By using their pre-foreclosure program we are able to gather all the paperwork needed for your short sale file. Once your paper is submitted the FHA will send out an appraiser to determine what price we can sell the home for. By having this appraisal we will already know what your lender will accept to settle your mortgage. This will in turn save us plenty of time in getting an approval once we have an offer on your Colorado Springs property. One thing to note for Colorado Springs homeowners is that you will need to be thirty days late on your mortgage in order to qualify for this FHA program. Having worked with Bank of America in the past I also have made plenty of great contacts to help get an approval if we run in to any problems.

If you have questions on your Bank of America mortgage please give me a call today to arrange a free consultation. Thank you for your time and I hope you have a great day.

Hi, this is Kevin Kudrna with Keller Williams Realty, your Colorado Springs short sale specialists. We’re here to help you with any questions you might have about a short sale or to help you list your short sale. If you have any questions that you want to get answered right now, you can call us at 719-205-6478 or you can hit the get started button on our website and fill in the information and we will contact you as soon as possible.

Today I’ll be talking about short selling a house with tenants. It can be a very tricky situation when you have tenants in the house and you need to short sell it. The lease is still valid regardless of whether or not you need to sell it. So, unless they are on a month to month, there are a few things that you might want to consider in order to make a smoother transition. Number one, I would definitely talk to the tenants about your situation. Tell them that you need to sell and that you need to do a short sale. You also want to try and see if there is a possibility that they could move out earlier than what their lease shows.

Also, I would consider reducing their rent for the sake that showings can be a pain and to basically give them an incentive for showing the house, for keeping it clean and showable. Also you might want to see if they are interested in buying the house. If they are already there, they may have interest in buying the house and you already have a buyer ready to go.

Lastly, we want to help you simplify this process working with the tenants. We do this on a regular basis and we have a great opportunity to help smooth things over, get the showings going, and have the tenants happy and able to leave in the end without any problems.

Again, I’m Kevin Kudrna with Keller Williams Realty, your Colorado Springs short sale specialist and I’m here to help. If you have any questions for us about this or any other questions regarding a short sale, you can call us at 719-205-6478. Thanks and we hope you have a great day.

Hi this is Kevin Kudrna with Integrity Team Short Sales at Keller William’s Realty in Colorado Springs. We are short sale experts for the Colorado Springs area; we’re here to help you with any questions you may have about a short sale or any other alternatives to foreclosure. You can call us now at 719.205.6478 or you can click on the "Get Started" button on this website to get started.

Today the topic I want to talk about is "can you short sell your house if it needs repairs?" The answer is yes; regardless of the condition of your house, you are able to sell it in "as is" condition. When we short sell your house, we adjust the price based upon the condition of the house and the sales comparables in the area. If the home would typically sell for $150,000 but needs minor repairs, we may reduce the price by $5000-$10,000. However, if the home is in need of extensive repairs, such as a new roof, a new kitchen or new carpet, it’s possible we may reduce the price by $30,000-plus dollars.

As long as the appraisal works out with the bank, then we are able to go and short sell the house. When the appraiser from the bank comes to look at the house, they’ll take into account whatever repairs are required to be done. If you do have a house that needs a lot of repairs, we also have inventors that are available to go and make an offer on the house immediately so you don’t have to worry about having a lot of showings.

Again, if you have any short sale questions for us please give us a call at 719.205.6478 or fill out the form on our website and we will get back to you. Thank you for joining us at Integrity Team Short Sales.