As if Kevin isn’t already versed enough in his field, Kevin has successfully completed hard-money loan transactions and is familiar with the process. Trust that Kevin can help close a hard-money transaction.

While cash may be king, Kevin negotiates strongly for all of his clients. Having worked with numerous cash buyers, Kevin whole-heartedly respects that every dollar being spent by a cash buyer is money immediately spent, not amortized.

By far the most common, Kevin has completed an endless amount of transactions utilizing conventional financing.

Having been involved in numerous VA transactions and having represented numerous VA buyers, Kevin is beyond familiar with the VA loan. Kevin believes that the VA loan is a fantastic part of helping homeowners create the America Dream for themselves.

Kevin is well versed in not only the FHA loan, but also the FHA 203K (rehab) loan as he has utilized the loan himself. Let someone with the personal experience help you through the process of purchasing a home via an FHA loan.

There are two ways to purchase foreclosures. The first and most common way is through the open market, where a bank lists a real estate owned (REO) property for sale on the multiple listing service. These REO properties are advertised and sold similarly to standard sales, except that the seller isn’t the previous owner of the property, it’s the bank that owns or services the mortgage. An asset manager becomes the seller and an REO agent who lists the property has a fiduciary obligation to work for the asset manager. REO banks typically require specific disclosures and contracts. The list price of a property is generally set by the bank.

The second, more advanced and risky method is acquisition via auction. Purchasers meet at the steps of the county court house on Thursday mornings to bid on foreclosed properties. The bidding typically starts at the amount owed on the loan of the property. Winning bidders must pay for the property immediately upon winning the auction with cash (usually in the form of cashier checks). The deed to the property is also exchanged. Winners oftentimes have not seen the interior of the property they are purchasing and are limited to the research they were able to do prior to the auction. This can be a risky but rewarding way to acquire property and is frequently utilized for flips. If a property does not sell at auction, it goes back to the bank and generally becomes an REO sale.

A short sale is a process in which a seller owes more than a property is worth and can no longer afford to make payments on the mortgage due to a hardship. A short sale listing agent prepares short sale documentation to initiate and close a short sale. A short sale buying agent represents a buyer through the lengthier process of a short sale. The listing price of a short sale is often set by the listing agent and may or may not be an approved sales price.

Despite the name, short sales do not refer to being short in time. They refer to an investor selling their mortgage short.

Note: Kevin does not outsource his short sales to other companies or coordinators. He personally walks his clients through the short sale process and ensure that every part of the transaction is done correctly to minimize any potential risk.

A probate sale involves the death of an owner of a property and the acquisition of that property by heirs through a trust, estate, or court approved order.

Have faith that Kevin has successfully negotiated these transactions. Whether representing a buyer or seller, entrust that Kevin will guide anyone of his clients through the process of purchasing or selling a property through a probate, estate, or trust sale.

A standard / equity sale is a sale in which the owner is not underwater and wishes to sell their property and possibly stand to make a profit.

Kevin Paffrath is beyond committed to the standard sales. Whether he is listing the sale or representing buyers, Kevin knows the ins and outs of standard sales and has the experience necessary to make these transactions smooth. Whether its his negotiation prowess, the power of his marketing skills, or his ability to earn top dollar for the person he is representing, Kevin will impress anyone he works for.