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Kansas City real estate and community news blog featuring Olathe and Overland Park, Kansas.
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Preventa Foreclosure in Olathe, Kansas - Do You Qualify for a HAFA shortsale in Olathe, Kansas? Inorder for a Olathe homeowner to qualify for a HAFA short sale theymust meet the HAMP eligibility requirements. Without getting totechnical, the requirements are:The home must have been used as a principal residence and not vacant for more than 90 days. If the homeowner moved it must have been for a new job or for a job transfer. The homeowner must have originated the first mortgage on or before January 1, 2009. The homeowner must be in delinquency with the first mortgage or delinquency must be foreseeable. The homeowner must have a current unpaid principal balance that is $729,750 or less. The homeowner's monthly mortgage obligation must exceed 31% of the gross monthly income. The homeowner must have a HAMP qualified servicer.
Ifthe Olathe homeowner meets these requirements, then they shouldcontact a HAFA short sale specialist. If not all requirements aremet, maybe a HAFA short sale specialist can direct you to a KansasCity specialist who cab help you prevent a foreclosure.
RE/MAX sells more homes than any other real estate company. For a reason...should we talk? Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today! 
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3 Ways to Stop a Foreclosure in Olathe,Kansas
When your mortgage lender has filed aNotice of Default, your options as an Olathe homeowner are limited.Before the lender has filed the Notice of Default, be aggressive infollowing up with the mortgage lender in requesting options like aloan forbearance, loan modification or debt forgiveness.
If it is too late for assistance or themortgage lender has refused helping you, you still have options toprevent a foreclosure from ruining your credit.
You can request to short sale your home. If the mortgage lender accepts the short sale, they will most likely not go after you for a deficient judgment. If you hire a qualified short sale specialist, you should have no out of pocket expenses. In fact, you may get relocation expenses paid by the mortgage lender if you keep up the property. You can also agree to sell your home and pay any shortage. You can offer to give your home as a Deed-in-Lieu of Foreclosure. This may be less stressful, but mortgage lenders are telling me that the Deed-in-Lieu of Mortgage is viewed like a foreclosure on the credit report.
The Kansas City Real Estate Network isKansas City #1 Short Sale Specialist.
RE/MAX sells more homes than any other real estate company. For a reason...should we talk? Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!
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During the past 30 days, 54 homes inOlathe, Kansas received a foreclosure filing. That means 1 in every773 homes received a foreclosure filing.
The Johnson County, Kansas average fornew foreclosure filings the past 30 days is 1 in 783 homes receivinga foreclosure filing and the national average is 1 in 570 homesreceiving a new foreclosure filing.
In Olathe, Kansas, homeowners havetypically 90 days to redeem their home after a foreclosure.
The Kansas City Real Estate Networkworks with Olathe homeowners with preventing foreclosures. As Olathe,KS. Short Sale experts, we're helping Olathe homeowners every day.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!
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Olathe, Kansas Foreclosure Laws - How to Stop a Olathe, KS. Foreclosure - What is a Short Sale?
Kansas is a judicial foreclosure mortgage state with no non-judicial foreclosures available. All foreclosures in Olathe, KS. are processed through the courts. The foreclosure sale for Olathe properties held at the Johnson County courthouse steps around 130 days into the proceedings. A Olathe homeowner has typically 90 days from the sale date to redeem the sale at the sheriffs office.
The best way to prevent a Olathe, KS. from foreclosure is to short sale it prior to the sale date.
A short sale is when the mortgage lender allows a property to be sold for less than the amount owed on a mortgage and takes a loss. A short sale is important because in Kansas a deficiency judgment is allowed. When the bank accepts a short sale, they are agreeing to release the foreclosure and possible future judgements. If a mortgage lender forecloses on a property, they can attach a deficiency judgment. The Kansas City Real Estate Network can assist Olathe homeowners with a short sale.
If you have questions about a foreclosure, we recommend consulting an attorney.
How to stop a real estate foreclosure in Olathe, Kansas ---> Stop Foreclosure Now!
Some common questions:
Q) When does the sheriff come to the door and evict the Olathe homeowner?
A) The sheriff will be sent to the home after foreclosure date and the redemption period are completed. This period is typically 90 days to 1 year after the sale date.
Q) Can a Olathe homeowner sell a home after foreclosure?
A) A Olathe homeowner can sell the property during the redemption period. Any amount over the redemptive quote can be kept by the homeowner.
Q) I have heard horror stories about delays in processing short sales in Olathe. Are they true?
A) Some of the horror stories are true. We have done so many short sales that we made a science of completing them. Most delays due to not completing the required paperwork in a timely matter. One lender told us that it takes the typical homeowner 60 days to complete and send in the proper paperwork. That is to long when the typical buyer wants to close within 45 days.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!
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How does a mortgage lender qualify an Olathe, KS. Homeowner for a Short Sale?- How to Stop an Olathe, Kansas Foreclosure
There are many misconceptions of what qualifies an Olathe, Kansas homeowner for a short sale. Lets ignore the paperwork and start with simple qualifications for requesting a short sale. The following is an explanation of the three major qualifications that most mortgage lenders look at in order to see if an Olathe, Kansas homeowner is qualified for a short sale.
I) Financial Hardship for Olathe, KS. homeowners
A financial hardship for Olathe, KS, homeowners is a verifiable issue that has caused the Olathe homeowner to miss mortgage payments on their Olathe, KS. home and will continue to miss mortgage payments for the near future. The Olathe, Kansas homeowner is having financial difficulties.
Financial hardships for Olathe, Kansas homeowners can be the results from:
1) Loss of job
2) Loss of income
3) Relocation
4) Illness of borrower or co-borrower
5) Divorce
6) Death of a co-borrower that helped you qualify for the mortgage loan
7) Declining local market property values
8) High medical bills
9) Hefty unplanned expenses
II) Monthly Shortfall for Olathe, KS. homeowners
A monthly shortfall is when an Olathe, KS. homeowner makes less then monthly expenses. Nearly every mortgage lender will want to see first before accepting a short sale that a Olathe homeowner cannot afford to pay their current mortgage. This is typically demonstrated by the Olathe, KS. homeowner completing a financial worksheet or a monthly profit and loss statement.
The equation a mortgage lender uses to figure if an Olathe, KS. homeowner has a shortfall is:
Total Monthly Income – Total Monthly Expense = Monthly Shortfall
You may qualify if you have a monthly shortfall or if a monthly shortfall is imminent
III) Insolvency for Olathe, Kansas homeowners
In order to qualify for a short sale, an Olathe, KS. homeowner must not have the means to pay down their mortgage loan. This means that the mortgage company wants to see that the Olathe, KS. homeowner has more debt than they have in cash. The mortgage lender wants to see that the Olathe homeowner can no longer meet their financial obligations with their lender as debts become due.
The Olathe homeowner does not have to be completely out of cash – this is a common misconception; the mortgage lender typically will want to see that over time the Olathe homeowner will not be able to pay their mortgage obligation. Having cash in the bank for living expenses is common and will not disqualify an Olathe, Kansas homeowner.
An Olathe, Kansas Homeowner is looking to have the mortgage lender grant a short sale to prevent an Olathe real estate foreclosure. The lender will grant a short sale if they believe that a foreclosure is inevitable and by granting a short sale they will save expenses vs. processing a lengthy and expensive foreclosure. To the mortgage lender it is a business decision.
We help stop real estate foreclosures in Olathe, Kansas everyday. Find out why the Dowell Taggart Team of the Kansas City Real Estate Network is the most referred Loss Mitigation Short Sale Specialist in Olathe, Kansas.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!
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Should you short sale your Olathe, Kansas home or let it go to foreclosure? The Olathe, KS. Short Sale Specialist can help . . .
Kids in school, the final days of summer ahead as your family prepares for Fall....Should be a time to relax on the deck in your Olathe, KS. home. Enjoying a few final weekends as summer activities make way for the new school year in the Olathe School District is a routine fall ritual right?
You’re family has been motoring along with its schedule and all of a sudden a few hiccups come along.
The transmission needs to be replaced on the family car, then your son gets injured in a football accident and now your boss announces the news that he will need to start layoffs soon. The end of summer weekend vacation to Branson gets tossed off of the family plans.
The bills start piling up. The “payment due” notices for your mortgage become a weekly delivery in your mailbox. You just received a “Notice of Default” from your mortgage on your Olathe home. Now what?
Solution 1 is the avoidance technique; you quit answering the telephone whenever the familiar “888” prefix pops up....you start to throw away the notices without opening them.
It works for a short while. But after a while, problems soon mushroom into catastrophes. The sheriff comes knocking at the door of your Olathe, KS. home and is the bearer of bad news. You have been foreclosed on, the bank wants your Olathe house back.
When you checkout other Olathe housing situations you find out that the foreclosure and poor credit is limiting your options to rent an Olathe home, apartment or duplex.There are other choices, other options.Solution 2 is to talk to friends or inexperienced confidant who recommends a high priced solution. Remember, the reason you’re in this situation is a lack of funds, right? Or worse yet. They don’t discuss their high fee until the end. Lets look at other solutions. Ok, a friend recommends an Olathe REALTOR to help you for solution 3. Just happens that their best friend dabbles in real estate “part time”. You think you have hired a professional to help you out of the situation but a few days later you find out that the “part time” Olathe REALTOR” you just hired is actually learning. The last time they used the Short Sale Equator System was during the first update. Or worse yet, they have never used the Equator System. Don’t worry about getting any relocation expenses, They don’t understand the proper channels in requesting the expenses. If there is a problem, they don’t understand the escalation steps in order to get a proper remedy. The horror stories you have heard seem to be ALL true. The stress consumes ALL of your energy. You find yourself taking it out on your kids, spouse and friends.If the 3 previous solutions don’t seem like good options, and we can understand if they don’t, try a forth option.The forth solution is to contact an experienced Loss Mitigation Consultant from the Kansas City Real Estate Network who can help you solve your problems. We have a team of professional Olathe REALTORS and Lawyers who have successful solved the foreclosure problems of many Olathe Homeowners for the past 7 years. We bill the banks for serving you and we have even used HAFA and other programs to get relocation assistance of up to $5000 for you. Not only do we understand the Olathe short sales steps, we’re on short sale advisory boards. The Kansas City Real Estate Network will inform you of your choices. A short sale in Olathe is not your only choice. You can refinance, request a loan modification, request a forbearance or give your deed in lieu of foreclosure. We’ll explain what an Olathe short sale is and how Olathe short sales work. We’ll work with you on getting the proper documentation including an Olathe short sale hardship letter.We’ll explain how we’ll get an Olathe short sale negotiator from your lender.We’ll provide additional information about Olathe short sales.Find out why the Kansas City Real Estate Network is the most referred name in helping homeowners out of foreclosure in Olathe, Kansas..1) Did you know that foreclosures are handled differently in Kansas than in Missouri? That’s OK, most people don’t. We can help you whether you’re in Kansas or Missouri.2) Did you know that with many banks don’t answer request for short sales via phone, fax or email? That is right. We communicate with most banks through a private server that they have granted access to help homeowners prevent foreclosure.3) Did you know that most Olathe homeowners don’t pay us a dime? That is right. We collect our fee from the banks and they don’t tack on the fees to you.4) Of course you know that by choosing the wrong person to help you could possibly cost you thousands and BAD credit....?5) A delay won’t hurt, right? I mean I would like to see what I can do myself, first.Wrong idea. A delay of even 2 weeks can put a limit on options of what we can do for you. Did you know that a bank in certain circumstances can foreclose on a home and have the sheriff at your door steps in 45 days? We can help prevent this if we have enough time.6) Isn’t it worth your while to checkout your options? If you said yes. We agree. Contact us for a “Free Consultation.” We’ll let you know up front whether we can help you. We can help you short sale your Olathe home. (913) 712-9313.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!
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Olathe, Kansas Foreclosure Home For Sale |  Beautiful home in Persimmon Pointe Subdivision near the Ernie Miller Nature Park. Small fenced area, within fenced back yard, for your pets. Dark wood w/light colored walls throughout the home. Kitchen has a walkout to Martini Deck on the rear of the home. Tandem 40 gal water heaters and sprinkler system in yard gives this home added appeal. |
| | | | Price: | 220's | | MLS#: | View Brochure | | Address | View Brochure
Olathe, KS | | Type | Single-Family |
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| The information being provided is deemed reliable but not guaranteed. All information must be verified by the purchaser.
Listing information courtesy of: RE/MAX BEST ASSOCIATES
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| Olathe, KS. 1.5 Story with Walkout Basement | | | MLS#: | View Online Brochure | | Price: | $209,900 | | Bedrooms: | 3 | | Full Bathrooms: | 2 | | Half Bathrooms: | 1 |
Rare 1.5 story on corner lot. 2 Sty Living Rm with fireplace. Kitchen features hardwoods, pantry, microwave. First floor master suite with vaulted ceil, double vanity, whirlpool tub & seperate shower. 2 bedrooms upstairs w/large off-season closet. First floor laundry.Walkout Lower Level stubbed for full bath.Bonus 3rd car garage, off basement, great as large work room |
View more information including pictures on our online brochure: |
Emails with no names and/or phone numbers will be considered spamming and will not be followed up on. |
| Listing information courtesy of: RE/MAX BEST ASSOCIATES
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RE/MAX sells more homes than any other real estate company. For a reason...should we talk? Let us know what you think or add to our blog by writing a comment. Do you have a real estate question for the Real Estate Wizards? Email us at RealEstateWizard@DowellTaggart.comBlog post written by the Dowell Taggart Team of RE/MAX Best Associates
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Raised ranch located away from the hustle of the city. Relax beside the woodburning fireplace in the living room. Property sold in "as-is" condition. Inspections welcomed. |
| 3 Bedroom, 2 Bathroom Olathe, KS. R. Ranch with a Partially Finished Basement
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| Price: | 120's | | MLS#: | 9972931 | | Address | Call Agent | | Type | Single-Family | | Bedrooms: | 3 | | Full Bathrooms: | 2 | | Half Bathrooms: | 0 | | Status: | Active |
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| Listing information courtesy of: RE/MAX BEST ASSOCIATES
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Let us know what you think or add to our blog by writing a comment.
Find out why you should contact the Dowell Taggart Team for your Kansas City real estate needs . . . . We can help you with online real estate tools that less than 10 Kansas City REALTORS use Search 21,000 homes for sale in Kansas City including foreclosures, short sales, luxury homes and more . . . Learn how to save on the real estate commission Learn how we can help you save money . . .
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