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Save Thousands on Your Next Home Purchase . . . Buy Distressed Homes Like Foreclosures & REO's The short answer is that a distressed home is much easier to purchase right now than in the past. To understand the basis of my humble opinion, please read on. Let me begin by stating that the foreclosure process varies from state to state. The basic process comes in two flavors: either judicial foreclosure, or non-judicial foreclosure. The difference is whether the foreclosure process must go through the courts. Here in Kansas we practice judicial foreclosure, so we have to fuss with the courts to get defaulting home owners out of a Kansas property. Missouri is structured as a non-judicial foreclosure state where the we don't fuss with the courts. Both have their positives and negatives. Additionally for Buyers, there is a distinction between properties being sold as a result of the foreclosure (a true foreclosure property) and those that have already been through the process and have now been taken back by the mortgage lender after the default (REO or Real Estate Owned properties). If you ask most Kansas City real estate agents, they don't know the difference. For the Buyer, by far the safer and easier purchase of the two is an REO property. The lender must provide a clear title when selling the property, there can be no liens, it will already be vacant (and usually personal possession free), and all taxes, HOA dues, etc will be paid up to date. A true foreclosure purchase guarantees none of that and the Buyer must exercise a great deal of due diligence. 
Short sale vs Foreclosure:
I'm going to assume from this point forward that Buyers are referring to the REO version. 5-7 years ago the banks were faced with the situation with REO's that they now face with short sales. There was a sudden, overwhelming increase in the number of cases and the lenders were simply not capable of handling the sheer volume. There were no systems in place, or those that existed were woefully mismanaged and under resourced. The lenders took a long time to respond, their policies would change, and there was quite a bit of turmoil and general dissatisfaction with all parties involved in those transactions. Fast forward to about a year ago. Foreclosures have been at near record highs all over the country. The lenders have stabilized their REO departments but still have a huge backlog of defaulting homeowners. People are looking for alternatives to the foreclosure process, trying to prevent default, and salvage their credit scores. Short sales have become "trendy." Short sale applications have swelled practically overnight and the Loss Mitigation departments have begun the nightmarish cycle all over again. Did you know Johnson County, Kansas is predicted to hit a record high in short sales within 60 days? In another 60 days after that, Johnson County is predicted to hit a record number of foreclosures. Wouldn't you want to SAVE Thousands on your next real estate purchase?  A Kansas City Foreclosure Property
The good news in all of this is that some companies have gotten their policies and procedures in order already and short sale approvals move relatively quickly through their systems. Our real estate team has had a successful closing in under six weeks from the time we made application to closing- which is incredibly fast. The flip side is that the larger lenders, especially the biggest mergers are suffering catastrophic losses due to poor trained personnel and poorly written policies. These lenders have figured that their losses can be reimbursed by the private mortgage insurance companies. In reality, these large lenders are loosing more than what they figured because of the large number of under performing loans. We know if we work with one of these lenders, we need to be patient and submit the paperwork multiple times. Most important of all when purchasing a distressed property- whether a short sale or foreclosure- be sure you are working with someone who has experience dealing with these types of transactions. Working with an amateur can and most likely cost you thousands. Just contact any real estate attorney in Johnson County and find out how much an amateur actually costs. These are not your garden variety purchases and it takes quite a bit of due diligence, perseverance, and above all clear lines of communication. We can communicate directly with our lenders via through the software linked in our office. Only 3 real estate agents have this access in Johnson County. The benefit to you is we will save you time and communication hassles when purchasing a real estate foreclosure. Did you know that many home buyers who buy foreclosures, end up in foreclosure? Why, you ask. They were not prepared and got a HUGE surprise after closing. Find out why we are the most referred name in distressed home sales. Our office receives 20 foreclosures and 35 short sale opportunities a week. On average that means 80 foreclosures and 140 short sale opportunities a month. Many of these sell thousands below value. The best ones don't only sell low, they also sell FAST! When you work with a newbie or a middleman, you are delaying finding the best deals. We are the largest distressed home representatives in Johnson County, period. Checkout the Multiple List Service. When you work with us, you work with NO MIDDLE MAN. You work with the "TOP GUNS". If you are looking to save THOUSANDS and find a distressed home FAST, complete this application. A representative will contact you soon. Oh, by the way, we also have access to another source of distressed homes with current inventory of 126 Johnson County homes. To receive this list of private distressed homes, register today! Don't worry if you decide to not buy a distressed home. We have some awesome specialist who sell everything but distressed homes. There is no cost to review our services. Lets see if we are a perfect fit for you! The best part is when you decide to hire us, we'll have the bank pay for our services for representing you. Register TODAY and receive our "Top 21 Private Foreclosure List" Still not convinced about what we can do? Check this property out that just landed in our laps: We just had a great property land in our laps. "Deal of a Lifetime"!
This 4 bedroom, 3.5 bathroom 1.5 story sits on 10 acres in Johnson County. Matter a fact this property sits 6 minutes from 169 & I-35 and amongst million dollar estates.
All of this for under $200,000....
This property features:
A wrap around porch 30' x 20' shed, which can be used for additional storage Large kitchen with tons of cabinets and a breakfast bar Formal dining room off of kitchen Formal living room with view of acreage Family room with a vaulted ceiling and a fireplace Main floor master bedroom with private bathroom and door to patio 2nd floor master bedroom with huge private bathroom and a loft 2 additional bedrooms on second floor 2 car garage with extra storage Still not convinced . . . Looking for a "Good Buy" on a Real Estate Deal? We have 56 upcoming real estate deals in May that may fit what you're looking for in Kansas City We have foreclosure properties (I can't believe they're foreclosure properties after viewing the interiors) We have Johnson County, Kansas properties 9 great Olathe foreclosure deals 12 great Overland Park deals 4 homes with walkout basements 3 homes with 5+ bedrooms Ranch homes, homes on acreage, 2 story homes and split level homes 8 homes with tax appraisals over $200,000 Many homes that will sell below $200,000 Here are just a few special deals: $420,000 4 bedroom ranch home that is in pristine condition with a finished basement that will be listed for $275,000 A 4 bedroom 2 story home on 10 acres that is priced below $200,000 A 3 bedroom Northeast Olathe home that will list for under $100,000 A 3+ bedroom Overland Park home in the Blue Valley School District that will list below $170,000 A 3 bedroom Prairie Village home that will list in the low 100's A 4 bedroom 3 car garage Olathe home with a finished basement that will list in the 200's A 5 bedroom, 3+ bathroom Overland Park home with a walkout finished basement that will list way below value (probably in mid 200's) A 3 Bedroom Shawnee home that will list in the 100's 3 newer Gardner homes that will be listed way below value
A 4 bedroom 3 bathroom Johnson County home on acreage with a 5 acre lake Register today and you'll be telling all of your friends about the deal you got! 
Thank you for your time. Dowell Taggart Team of RE/MAX Best Associates
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