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Kansas City real estate and community news blog featuring Olathe and Overland Park, Kansas.
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Question: Can I secure a Jumbo mortgage loan to buy a luxury home in Kansas City with 20% down and a credit score of 690?Kenny D. from Kansas City
Answer: Yes, Kenny, you can qualify for a jumbo mortgage loan to buy a home in Kansas City with 20% down and a credit score of 690. I would contact a mortgage company of bank. Most credit unions from my experience will want 710 credit scores.
RE/MAX sells more homes than any other real estate company. For a reason...should we talk? Another blog post written by:The Real Estate Wizards of Kansas City
Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers. Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.
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Question: We made an offer to purchase a luxury home in Kansas City. Everything seemed to be proceeding well until a day before our inspections. We found out through the tenant that they are suing the owner of the property due to unsafe living conditions because of mold. Now the listing real estate agent wants us to sign a release for the mold (small amount in the laundry room) and the current lawsuit. The lawsuit was never disclosed to us when we made the offer to purchase.
My concern is if the tenant wins the lawsuit and the homeowner has no assets, will anything come back to us, the new homeowners? How do I find out if the house has a lien against it? Can the court award the tenant the house even if we have bought it from the owner being sued? –Francis H. from Kansas City
Answer: This sounds like a complicated manner and more information is needed to help you. I am going to recommend you speak to an attorney, immediately. In addition, the title company should be able to tell you if there is a lien or lis pendins recorded against the property you have made an offer on.
If there is not something recorded that does not mean everything is in the clear, that is why I recommend you speak to an attorney to evaluate your risks.
An important manner is you should have a mold expert evaluate the mold issue in the home. There maybe more mold that has been covered up or in an inaccessible area.
RE/MAX sells more homes than any other real estate company. For a reason...should we talk? Another blog post written by:The Real Estate Wizards of Kansas City
Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers. Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.
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Former Citigroup CEO Sanford "Sandy" Weill sold–for the full asking price– his opulent New York City penthouse with a glass shattering $88,000,000 price tag to a young college student. Sandy promises to donate the proceeds to unspecified philanthropic causes. The first reports out of the New York Observer on Sunday pinned the penthouse purchased atop limestone sheathed 15 Central Park West to a Russian chemist turned multi-billionaire potash potentate Dmitry Rybolovlev. Dmitry sold his fertilizer last year for around $6,500,000,000 and is said to be worth somewhere in the neighborhood of 9.5 billion bucks.The folks at Forbes quickly followed up with an important (and flabbergasting) clarification: The Sandy Weill spread, 6,744 square feet of immaculate interior space with a wide terrace that wraps around three sides of the apartment with drop dead park and city views, was not actually purchased by Mister Rybolovlev but rather his 22-year old second daughter, Ekaterina Rybolovleva. Ekaternia is a horse-minded U.S. college student and also competitive equestrian.Forbes actually received a statement from young Miss Rybolovleva's representative(s) who revealed the barely legal heiress "plans to stay in the apartment when visiting New York."
What? "When visiting New York."
This college student just dropped a record breaking $88,000,000 on a second home.
Didn't another kid record the 2nd largest real estate purchase in the U.S.? Yep, that is right. The Candy Spelling mansion in California was purchased by a 22-year old London-based Formula One racing heiress, Petra Ecclestone.
What is the deal with these kids paying so much for 2nd homes?
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! Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.
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