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short sales: Overland Park Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them - 09/15/11 12:24 AM
Overland Park KS – The Stop Foreclosure Institute recently received a question from Aggie. Here was Aggie’s Question.
“We received a short sale approval on the 1st. They will only pay the second mortgage $3,000. The problem is that the second mortgage wants $5,500.
We are arguing back and forth with the second mortgage. The negotiator there said management decided they won't take less.
I told her the final decision should come from the investors not from management. Any help greatly appreciated. Aggie.
” Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is … (0 comments)

short sales: Overland Park Short Sales: A Few Examples of Loan Servicers Not Doing Their Job - 11/29/10 12:56 PM

Overland Park KS - Most people think the person they mail their mortgage payment to every month is the owner of their loan. Not so. In fact, most of the time, they are not the owner. As an example, 80% of all loans that Bank of America handles are not owned by Bank of America.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
The largest owners of US mortgages are two companies that some would allege are owned by Uncle Sam. They are Fannie Mae and Freddie Mac. They own an estimated 55-60% … (1 comments)

short sales: Overland Park Short Sales: Who benefits from a short sale? - 11/10/10 06:22 PM

 
Overland Park KS - First, it benefits the owner of the loan. This is because they get to sell the house at today's price, versus what it will be worth 6-12 months down the road. I just did a comparison and pulled up sold listings. All of the listings were the similar properties in similar neighborhoods.
First, I looked up the average selling price per SQFT of homes that sold in Spring. They sold for an average of $103 a SQFT. Then, I pulled up homes in the same neighborhoods that sold as REOs in the last 2 months. … (0 comments)

short sales: Buyers Guide For Foreclosures and Distressed Properties - 08/04/10 05:50 PM

 
What do I need to know about buying bank-owned or pre-foreclosed property?
The real estate market is seeing an influx in foreclosed and bank owned home. Sometimes these homes can be a great opportunity for someone looking for a great deal. If you’re having hesitations because you’re not familiar with the process of buying a foreclosed, short sale or bank-owned property, click on the link and take a minute to read through the attached eBook - Opportunity is Knocking: Your Guide to the Ins and Outs of Finding a Good Deal in Today’s Market
… (0 comments)

 
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Overland Park Realtor, Ron Mowery

Overland Park, KS

More about me…

Keller Williams Realty Partners, Inc.

Address: 11005 Metcalf Avenue, Overland Park, KS, 66221

Office Phone: (913) 825-4025

Cell Phone: (913) 269-0479

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