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Kansas City real estate and community news blog featuring Olathe and Overland Park, Kansas.
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Overland Park, KS. Luxury Home4 bedroom, 3 bathroom 2 story with a Recroom in the finished basement 2388 square foot home in a Rodrock Subdivision
| Popular center hall 2 story floor plan. NEW ROOF! Contemporary kitchen with center island, beautiful hardwoods. Formal dining and living rooms, great room with gas fireplace, wonderful windows overlooking backyard. Very large master bedroom, over-sized master bath, ceramic tile tub surround, custom shower. Finished basement, media room! |
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For more information including address, viewing multiple pics and a virtual tour, go to: Overland Park 2 Story HomeHome marketed by: Dowell Taggart Team of RE/MAX Premier Realty
For a reason...should we talk?Another blog post written by:
Comments are appreciated! Go ahead and add your 2 cents . . .
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The two most important questions when interviewing a short sale agent to negotiate a short sale on your Overland Park home are:
1) How many short sales have you successfully completed? (If the answer is 15 or less, you might consider looking further)2) How is the BPO process handled? (If the real estate agent says something like "it just happens" or "the lender orders the BPO", then you may consider looking further)
Why look further? An experienced short sale agent may not have the best path for you to successfully negotiate a short sale on your behalf. Why would you consider an inexperienced short sale agent on such an important issue?
Have any short sale questions, feel free to contact the Dowell Taggart Team. We would be happy to answer your questions.
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: I have a home in Overland Park that I owe $367,000 on and it was recently appraised for a refinance for $325,000. I had my home appraised to lower the monthly payment and complete some deferred maintenance. I need a new roof, furnace, a/c, paint and carpet. Since I can't fix up the home now and can't sell for my loan amount, what should I do? I do not have the money to make the repairs and make the monthly mortgage payment. I feel like I continually fall further and further into debt. I would really like to sell but the only way I see this happening is to do a short sale. I would like to rent a home at a lower monthly payment to build up credit before purchasing a new (more affordable home) within the next five years.Kenny T. from Overland Park, KS.
Answer: Sorry to hear about your problem Kenny. If you can prove a financial hardship, you maybe able to short sale your home in Overland Park, Kansas. But before you start a short sale, I would contact your lender and request a loan modification. Maybe your lender can help. If not, a short sale maybe the only answer.
Lets connect so we can go over the short sale process.
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: I'm in the process of buying the home I rent in Overland Park, Kansas. The problem is my landlord is selling the home as a "Short Sale." My landlord’s real estate agent has prepared a hardship letter to his loan company asking them to accept a short sale… but he said that she needs us “the potential buyers” to get a prequalification letter from our mortgage lender. We got pre-approved for a mortgage in the amount the home is listed and sent it to the landlord's real estate agent. The real estate agent said he wants to show the mortgage lender that “the potential buyer is willing and able to pay the current assessed value of the home.” Is this normal or what? I just want to hear what someone else that is in the business thinks. Thanks.–Candy from Overland Park, Kansas
Answer: It’s normal if you really want to buy the home and can really afford the home. When a short sale is being considered the mortgage company will look at the purchase contract between landlord and you, the potential home buyer. The mortgage lender wants to view the pre-approval letter, copy of the earnest money deposit in escrow, and the sales contract.
Hope this helps, Candy.
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: I have a question regarding short sale ratification. If my contract was ratified weeks ago with the seller paying closing cost, can the seller's bank now change the details of the contract and refuse to pay closing cost?–Kathy G. from Overland Park, Kansas
Answer: Even though the seller accepted a contract weeks ago the seller's lender still needs to approve the contract. The lender can either accept, decline or counter the contract. Many times as you have found out, the lender will counter with paying no closing cost. You may counter with a higher offer and adding the closing cost back into the contract.
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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Save Thousands on this Overland Park, KS. Distressed Home with a Media Room in the Finished Basement, Granite Counter Tops in the Open Kitchen!
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Address: 8515 W 128 Street Type: Residential Style: Single Story Bedrooms: 4 Bathrooms: 3 Suite: No Living Area: 2,388 square feet Year Built: 1996
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Popular center hall 2 story floor plan. NEW ROOF! Contemporary kitchen with center island, beautiful hardwoods. Formal dining and living rooms, great room with gas fireplace, wonderful windows overlooking backyard. Very large master bedroom, over-sized master bath, ceramic tile tub surround, custom shower. Finished basement, media room!
Features Include:
1) Center Hall 4 Bedroom 2 Story
2) Finished Basement with Media Room and Recroom
3) Huge Master Suite with Luxurious Master Bath
4) Hardwood Floors in the Entry, Breakfast Room and Kitchen
5) Granite Counter Tops and and Large Center Island
More Description |
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| This is an Overland Park, Kansas short sale.
Brokered and Advertised by RE/MAX Premier Realty - Overland Park, Olathe, Gardner, Lenexa, Leawood, Shawnee & Kansas City LID 1151592789 |
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Our client expect facts, not fiction. Despite advertising claims to the contrary, the Internet is NOT an experienced Real Estate Professional. It cannot consult, counsel, advise and have knowledge of market conditions and laws. Furthermore, data by itself can be very misleading. To obtain an accurate interpretation of any information you're receiving on line, please contact the Dowell Taggart Team |
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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 | Details | | | | | | | Address: 8515 W 128 Street Type: Residential Style: Single Story Bedrooms: 4 Bathrooms: 3 Suite: No Living Area: 2,388 square feet Year Built: 1996
More Details | |
| Description | | | | | | | Popular center hall 2 story floor plan. NEW ROOF! Contemporary kitchen with center island, beautiful hardwoods. Formal dining and living rooms, great room with gas fireplace, wonderful windows overlooking backyard. Very large master bedroom, over-sized master bath, ceramic tile tub surround, custom shower. Finished basement, media room!
More Description | |
| | Brokered and Advertised by RE/MAX Premier Realty - Overland Park, Olathe, Gardner, Lenexa, Leawood, Shawnee & Kansas City LID 1151592789 | | Our client expect facts, not fiction.
Despite advertising claims to the contrary, the Internet is NOT an experienced Real Estate Professional. It cannot consult, counsel, advise and have knowledge of market conditions and laws. Furthermore, data by itself can be very misleading. To obtain an accurate interpretation of any information you're receiving on line, please contact the Dowell Taggart Team |
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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I have lived in my home in Overland Park, KS. for 15 years. I need to sell but I owe to much. What can I do?
Question: I have lived in my home in Overland Park, KS. for 15 years. Recently, my boss has announced that our department is moving to another state. I like my job really well and have decided to move with my department. I have interviewed 4 real estate agents and they all have me coming to closing with $15-25,000 after paying the mortgage off and closing cost. My wife and I don't have that kind of money. What do you recommend.Cliff from Overland Park, Kansas
Answer: Cliff you would not believe how many times a week I get this question. I too would find it hard to come up with that kind of money to sell my home. Since you live in Overland Park you must have refinanced your home or taken out a second mortgage. The market has slumped in Overland Park, but not that much.
I would recommend looking into a short sale. A job relocation is one of the reasons why some banks have been granting a short sale. When the loan payoff from the sale of a home is lower than the actual loan payoff, the representative you have hired to represent you request your mortgage lender to take the lower amount. Your mortgage lender will review the facts and if the short sale makes sense, they will accept the short sale. If your mortgage lender accepts the short sale, typically you will not have to pay the difference at closing in your particular case of $15,000-20,0000.
Hope this helps you. Short sales do have disadvantages so I would review the whole file with an experienced 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! 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: I'm thinking about making an offer on a home in Olathe, Kansas that is a short sale. How long does it take to close a short sale?Cathy L. from Overland Park, Kansas
Answer: Great question, Cathy. Since no two short same, I will address many types of short sales. A short sale that has been approved by the sellers lender should take 25-45 days to close. A short sale that has not been approved by the lender can take 45-6+ months. What delays a short sale that has not been approved by the lender is the lender will need financial docs from the homeowner. In addition, the lender will need to communicate with the investor(s), lien holders and insurance companies. The more entities that the lender needs to communicate with, the longer it will take to close. I'll give you a couple examples.
Example 1: The homeowner has an on the ball short sale representative and the lender has approved the short sale prior to getting an offer. Now home buyer comes around and makes an offer and wants to close within 30 days. The likelihood of this happening is very good.
Example 2: The homeowner has hired a short sale representative to present the short sale to the lender. The short sale representative waits until an offer is received before they present any docs to the lender. Once the docs are presented, the lender request financials. During the process, the lender needs to communicate with their investor and PMI insurance company. Also during the process the short sale representative finds out that there is a home equity line of credit and a tax lien on the property. The short sale representative will need to present a short sale request to the home equity line of credit lender as well negotiate with the IRS regarding the tax lien. The buyer wants to close within 45 days according to the contract. Best guess, it will take 3-6 months minimum to close this contract.
Hope you get the idea. All short sales are different.
Have questions on negotiating a short sale whether you are a homeowner or buyer, contact the Dowell Taggart Team. We have experienced negotiators who can handle your needs.
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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Question: My house in Overland Park is in foreclosure. I received notice that the Johnson County Sheriff will auction my house in a few weeks. I don’t know how it works, can they auction my house without us signing any papers?Greg, Overland Park, Kansas
Answer: Well Greg. You're not going to like my answer. Yes, your lender has the right to foreclose on your Overland Park, KS. house and order the Johnson County Sheriff to auction off your house to recover losses.
I would first recommend contacting an attorney to help you. If you do not know of a good attorney. I'll recommend one at the end of my answer. In Kansas, a mortgage lender has strict guidelines on how to foreclose on your house. Next, after the sheriff sale, a Kansas homeowner has at minimum of 90 days to redeem the sale.
Before the sheriff sale, you may also request a short sale from your mortgage lender. If you need guidance on this, feel free to contact the Dowell Taggart Team.
Real Estate Attorney:Mark D. Molner, Esq. PRICE LAW GROUP, APC 2210 W. 75th Street Prairie Village, KS 66208
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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Q: When an offer is made on a short sale on an Overland Park or Olathe home and the seller has approved the offer, in order to expedite the process, can the buyer call the seller’s bank negotiator and talk to them directly to see what it would take to get the bank to accept their offer? My offer was 90% of the seller’s asking price.–Beverly from Kansas City
A. The quick answer is YES the buyer can call the seller's mortgage lender. The long answer is No they should not contact the seller's mortgage lender and here is why:1) The listing agents job is to market the home and get the best and highest offer on the seller's home. If the buyer is calling the mortgage lender, they are sending a message that they are anxious. This will almost always guarantee a counter offer. 2) The mortgage lender will be forbidden to discuss personal information about the seller and their finances to the home buyer. So the home buyer will not get the full scoop.3) The loss mitigation or prevention representative from the mortgage lender is over worked. The last thing they want is another contact on the file. They prefer only 1 contact. Once an authorized person contacts the representative on a short sale file, the representative will most likely be required to have the legal department review the file for up to 21 days. This is will most likely delay the file.4) Many short sales are negotiated on Equator, a software that many banks prefer to use to negotiate short sales recently. In many cases the listing agent communicates with a middle person and never communicates with the mortgage lender anymore.
Hope this helps. I would not recommend contacting the mortgage lender. I would recommend asking for more or better communication from the listing agent.
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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Behind on your Overland Park, KansasMortgage Loan?
What does a mortgage lender look at inorder to help an Overland Park, Kansas homeowner behind on amortgage?
When a mortgage lender is deciding tohelp a struggling homeowner, a mortgage lender looks at the followingcriteria: Has there been a job loss? If yes, the mortgage lender may offer options. Is there a illness or a medical emergency in the family? If yes, a mortgage lender may offer options. Is there a death in the family? If yes, a mortgage lender may offer options. Is there a divorce and a loss of a 2nd income? If yes, a mortgage lender may offer options. Is there an over extension of debt? If the debt load is over the lenders accepted ratio compared to the monthly income, the mortgage lender may offer options. Is there is a job demotion or temporary loss of income? If yes, the mortgage lender may offer options. Is the adjustable rate monthly mortgage payment increasing? If yes, the mortgage lender may offer options. Is there an unexpected major home maintenance expense? If yes, the mortgage lender may offer options.
If you or someone you know is havingproblems making the monthly mortgage payment, contact the Kansas CityReal Estate Network.
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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Preventa Foreclosure in Overland Park, Kansas - Do You Qualify for a HAFAshort sale in Overland Park, Kansas? Inorder for a Overland Park homeowner to qualify for a HAFA short salethey must 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 Overland Park homeowner meets these requirements, then theyshould contact a HAFA short sale specialist. If not all requirementsare met, maybe a HAFA short sale specialist can direct you to aKansas City 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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Scan this with your Smartphone ...links to a Listing Website. |
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| Tremendous Value! | | Overland Park, KS 66212 | | MLS#: | 1722373 | | Price: | $114,950 | | Bedrooms: | 3 | | Full Bathrooms: | 3 | | Half Bathrooms: | 0 |
Tremendous value in Overland Park home! Bright and open floorplan was expanded and now includes an oversized kitchen with vaulted ceiling, skylight, and an island with cooktop! Private office is not offered in any other plan in this subdivision. Hardwoods in living and dining, while family room has gas fireplace. Bedrooms and upstairs hall feature hardwoods and plenty of sunlight! Outdoor living area with a 30x30 partially covered deck and private backyard. Expanded plan includes private office off of kitchen and storage area adjacent to garage. |
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| Sub Property Type | Single Family | | Age | 41-50 Years | | Year Built | 1967 | |
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| Floor Plan | Side/Side Split |
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| Garage Type | Attached
Front Entry
| | # of Garage/Parking | 2 | |
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| Total Taxes | 2166 |
| | | Subdivision | Sylvan Grove | | County | KJO |
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| | Building Features | | | Construction | Frame
Shingle/Shake
| | Architecture | Traditional | | Roof | Composition | | Basement Description | Full
Finished
Garage Entrance
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| | | Interior Features | Pantry
Fixer Up
Kitchen Island
Partial Carpeting
Skylight(s)
Vaulted Ceiling
Wood Floor
| | Cooling | Central Electric | | Heating | Central Gas
Forced Air Gas
| | # of Fireplace | 1 |
| | | Fireplace Description | Gas
Family Room
| | Equipment | Disposal
Ceiling Fan(s)
Dishwasher
Gar Door Opener(s)
Rng/Oven- Built In
Rng/Oven- Electric
| | Dining Area | Eat-In Kitchen
Formal Dining
| | Utility Room | Basemnt,Dry-Ele |
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| Other Room Type | Office
Breakfast Room
Den/Study
Fam Rm Main Level
Great Room
Recreation Room
Workshop/Hobby
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| Lot Description | Treed
City Lot
Cul-De-Sac
| | Exterior Features | Deck
Deck- Covered
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| Sewer | Public/City | | Water | Publc |
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| School District | Shawnee Mission |
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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 PREMIER REALTY #1 Kansas City Real Estate Team to market short sales and pre- foreclosures View 18,000+ homes for sale in Kansas for free including foreclosure homes, new homes, luxury homes and first time buyer homes, go to, View Kansas City Homes. The Dowell Taggart Team and the Kansas City Real Estate Network service the Kansas City metropolitan area including Gardner, Olathe, Overland Park, Leawood, Shawnee, Lenexa, Prairie Village, Mission, Liberty, Platte City, Gladstone, Lee’s Summit, Pleasant Hill, Raytown, Belton, Raymore and the surrounding cities in Kansas City. We have real estate specialist who help home buyers and sellers with short sales, foreclosures, luxury homes, new homes, first time buyer homes, land properties, 2 story homes, ranch homes, split level homes. Find out why we’re #1 in customer satisfaction. |
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 inOverland Park, Kansas
When your mortgage lender has filed aNotice of Default, your options as an Overland Park homeowner arelimited. Before the lender has filed the Notice of Default, beaggressive in following up with the mortgage lender in requestingoptions like a loan forbearance, loan modification or debtforgiveness.
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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