Kansas City Real Estate Network

Q: I’m very interested in buying a bank foreclosure home in Olathe, Kansas. I have looked at the home without an agent and wanted to make an offer on the home yesterday. The listing real estate agent advised me to wait because there were two other buyers who had an offer with the out of state bank and that the bank had to make a decision if ...

Question: I am purchasing a single family foreclosure home in Kansas City that is bank owned. According to neighbors, the home that has been vacant for a year and a half. The bank accepted my offer and I submitted an earnest check in early November, 2011. A clear title seems to be the delay. My question is do banks put homes on market without ...

Question: I want to buy a Gardner house. We sold our other house in Gardner, KS. a year ago as a short sale. We were late on payments and between jobs. Our income per household is good. Since selling our home, our income is good. Leslie, Gardner, Kansas Answer: Good thing you sold your home as a short sale versus letting it get ...

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 ...

Can you make multiple offers on many Olathe, KS. short sale and distressed homes? Question: We have made an offer on an Olathe, KS. home that is a short sale. As of today, the seller has approved the offer but the seller's lender has not. We are aware of how long short sales might take so we have been keeping an eye on other homes in our ...

Do Kansas City Homeowners who are facing a Bank of America understand their new Cooperative Short Sale Program?  Just as the short sale process was getting its kinks worked out, Bank of America throws a HUGE wrench into the short sale process.  First, Kansas handles their foreclosures through the judicial courts so the new guidelines ...

If Mortgage Debt Relief is not Extended - Short Sales May Decline, Real Estate Foreclosures and Bankruptcies will INCREASE in Kansas CityShort sales are becoming more and more common. Ten years ago few real estate agents knew what a short sale was compared to today where 99% of the real estate agents know and experienced a sale that involved a ...

Fannie Mae Issued New Forbearance Guidelines for Unemployed Borrowers who are Behind on Their Mortgage Payments  Fannie Mae issued new guidelines to its servicers this week that allow lenders offer a temporary forbearance program of suspending or reducing the monthly payments for borrowers who are unemployed. Servicers can approve ...

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 ...

O.J. Simpson may lose is Florida Luxury Home Estate to Foreclosure - JP Morgan Files Foreclosure It guess it is hardly surprising that O.J. Simpson is able to make his mortgage payment on his luxury home estate in Florida. Who can when they are making probably less than $10 a week while they serve time in a Nevada jail for robbery and ...

Q: What should I do if the Olathe, KS. home I'm renting is in the first stages of foreclosure? I got home from work last week and saw that I was served by the Johnson County Courts. It appears that my landlord is not paying the mortgage on the home I'm renting and the lender has started the foreclosure process. Should I still pay the rent to ...

Q: What is the difference between short sale, preforeclosure, foreclosure in Kansas and how do they differ in regards to when to make offers? What exactly comes first second or third and any auctions or whatever after…how can public buy these foreclosed deals? Adam D. from Overland Park, Kansas A: First, since you asked about Kansas, I ...

MANY KANSAS CITY HOMEOWNERS GET AWAY WITH DEFAULTING ON MORTGAGE PAYMENTS FOR YEARS.... Never realizing the long-term impact of all of those missing payments on their credit scores. Reggie and his wife Barbara called and asked me to help them market their home for a short sale.  We had an in-depth telephone conversation prior to our ...

Foreclosure Real Estate Stats for Stilwell, Kansas - Stilwell lower than the number of filings in Johnson County According to the real estate foreclosure information by Realty Trac for Stilwell, Kansas, 1 in every 318 Stilwell homes received a foreclosure filing in November 2011.The number of real estate foreclosure filings is lower than the ...

Foreclosure Real Estate Stats for Olathe, Kansas - Olathe lower than the number of filings in Johnson County According to the real estate foreclosure information by Realty Trac for Olathe, Kansas, 1 in every 509 Olathe homes received a foreclosure filing in November 2011.The number of real estate foreclosure filings is lower than the number of ...

9 Steps on how to avoid a real estate foreclosure on a Kansas home - Kansas City real estate  You have received a notice of foreclosure on your home in Johnson County, Kansas. Saving your home may seem hopeless, but the last thing you should do is give up. Many people encounter life-altering events that interfere with their ability to pay ...

Foreclosure Real Estate Stats for Overland Park, Kansas - Overland Park above the number of filings in Johnson County According to the real estate foreclosure information by Realty Trac for Overland Park, Kansas, 1 in every 970 Overland Park homes received a foreclosure filing in November 2011.The number of real estate foreclosure filings is ...

Foreclosure Real Estate Stats for Leawood, Kansas - Leawood filings is above the number of filings in Johnson County According to the real estate foreclosure information by Realty Trac for Leawood, Kansas, 1 in every 1,510 Leawood homes received a foreclosure filing in November 2011.The number of real estate foreclosure filings is higher than ...

Foreclosure Real Estate Stats for Mission, Kansas - Mission above Johnson County Filings According to the real estate foreclosure information by Realty Trac for Mission, Kansas, 1 in every 1,302 Mission homes received a foreclosure filing in November 2011.The number of real estate foreclosure filings is higher than the number of filings for ...

How do you finance a distressed home in Kansas City that needs lots of repairs? If you are looking to buy a home in Kansas City that needs repairs, then you may have already found that finding the distressed home is the easy part. There are plenty of opportunities in the Kansas City real estate market. There is a record number of distressed ...