springfield foreclosures: Is The Housing Market Improving In Springfield Missouri?
- 01/23/13 11:17 AM
Is The Housing Market Improving In Springfield Missouri?
I believe it's beginning to improve. After last year's market report, several areas of Sprngfield are beginning to turn around. After receiving a call from another agent today referring me to a client that needs to shrt sale their home, I called the client and learned she was not actually behind yet, but could be in the near future.
Looking for comparable homes in her area, without seeing the home, I felt like we may not have to short sale their home. We might be fortunate enough to list her … (3 comments)
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springfield foreclosures: Riding The Wave | Springfield Mo Real Estate Market | Springfield MO Short Sales
- 11/09/11 01:05 PM
Visiting the dentist today, he asked me "How's Real Estate?" My reply is always Great! We went on to discuss my real estate market, how my office was still going strong and then said" You're riding the wave.
I never thought of it that way, but he's right. Over the past 3 years, we changed the way we sold real estate........we started helping Springfield Mo homeowners save their homes from foreclosure so they could come back to us in a few years and buy once again.
The Springfield Mo real estate short sale … (2 comments)
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springfield foreclosures: Benefits of Buying A Short Sale in Springfield Missouri - Springfield Mo Real Estate
- 09/29/11 02:43 PM
Benefits of Buying A Short Sale in Springfield Missouri - Springfield Mo Real Estate
Springfield Mo Short Sales - You Can't Learn Too Much! Short sales will be here for a long time. And short sales can be stressful and time consuming. But short sales can be better buys than a foreclosure.
Although short sales are sold in AS IS condition, foreclosures are as well. But the majority of short sales are in better condition. The seller wants to sell and is more motivated to accept a lower offer.
If you are planning to purchase a short sale in or … (0 comments)
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springfield foreclosures: The Government Has Stopped Home Purchases
- 07/04/11 12:08 PM
The Government Has Stopped Home Purchases The government has stopped home purchases......not really. But what if the government quit all the federal funding? Next, the banks will require 30% down before agreeing to loan you money. In a Springfield Mo real estate market where we see an abundance of foreclosures and short sales, we're also faced with lower home prices. You would think this would bring home buyers running out to purchase. Add some of the lowest interest rates to the formula. Now we have a market that we haven't seen in a long time.
So where are the buyers? I'll … (9 comments)
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springfield foreclosures: NOOOO! They Foreclosed On My Short Sale- YEAH! They Rescended The Foreclosure - Springfield Short Sales
- 11/02/10 02:47 PM
NOOOO! They Foreclosed On My Short Sale - YEAH! They Rescended The Foreclosure - Springfield Short Sales I've been working for the past 4 months on a short sale, patiently waiting for the negotiator to submit the paperwork to the underwriter for approval.
Finally, last week, she sent the paperwork and received an approval the following day, indicating she had stopped the foreclosure for the end of the week. Phhhhh! That was close.
But, on Saturday, I receive a call from the buyer's agent stating the home had been served an eviction notice.......the home has tenants. They were also informed the home was … (4 comments)
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springfield foreclosures: Ms. Buyer, We Rejected Your Offer On Our House-It's Okay Because We’re Not Going to Give It Away
- 08/07/10 02:20 PM
After posting an article from Cindy Jones, here's a counterpoint written by Tom and Gina Branch about their experience is selling a great non-distressed home in their market. Springfield Missouri Real Estate has great homes, listed below market value that are not distressed properties.
Counterpoint to Cindy Jones' blog titled, "Mr. Seller You Didn't Accept Our Offer On Your House-It's Okay We're Not Heartbroken"
Dear Ms. Buyer,
You made an offer on our property. The offer was nowhere near our asking price. We have a great listing agent and our list price is actually below the median sales … (6 comments)
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springfield foreclosures: Springfield Mo Market Reports - Foreclosures Market June 2010 - Springfield Mo Real Estate
- 07/17/10 03:01 PM
Springfield Mo Market Reports - Foreclosures Market June 2010 - Springfield Mo Real Estate Early in 2010, the Springfield Multiple Listing System added a foreclosure catagory to track foreclosures in the Springfield real estate market.
As of June 30, 2010, there are currently 274 active foreclosures on the market. An additional 265 foreclosures have sold.
If you are looking for foreclosures in the Springfield and surrounding areas, contact me and request a list of foreclosures.
… (4 comments)
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springfield foreclosures: Wells Fargo Short Sale Closed - Springfield Mo Short Sales
- 07/16/10 01:26 PM
Wells Fargo Short Sale Closed - Springfield Mo Short Sales Starting out 339 days ago, as a traditional sale, this home was built in 2004. with 4 bedrooms, 2 baths and a 2 car garage. The sellers, knowing that they may be facing foreclosure, contacted us well in advance to avoid foreclosure.
We started the price out according to market value, but six months into the listing, we came close to a foreclosure date, reduced the price (calculating market value/ time owned / interest rate) to $72,000 and started a short sale. The bank accepted $70,000 after completing their own research and … (6 comments)
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springfield foreclosures: Springfield Real Estate Market Report - June 2010 MLS Statistics
- 07/09/10 01:57 AM
Our Springfield MLS system recently added two catagories - Bank/REO's and Pending Short Sales. The number of bank foreclosures may not be a true figure - many current listings are not being reported correctly.
Below are the statistics for June, 2010, courtesy of Springfield MLS. With 1833 active listings on the market, 77 are bank foreclosures. A small amount compared to some markets.
The number of Springfield sales - 280. Of them, 40 were bank foreclosures.
… (3 comments)
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springfield foreclosures: Springfield Foreclosure Sold! Rivercut Golf Property - Springfield Real Estate
- 07/08/10 02:58 PM
Springfield Foreclosure Sold! Rivercut Golf Property - Springfield Real Estate!
Springfield Mo real estate - Rivercut Golf Properties has a new resident and the bank has one less foreclosure.
The main wants and needs of the new owners was to be on or near the golf course. This wonderful Springfield golf property is an all brick home and overlooked one of the fairways. We wish the buyers much happiness here.
… (4 comments)
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springfield foreclosures: We Don't Just List Springfield Short Sales, We Close Them!
- 05/06/10 08:56 AM
We don't just list Springfield Mo short sales, we close them! Some have taken longer than others. No matter the timeline, the seller has avoided foreclosure and the buyers have patiently waited for great buys.
For a variety of reason, many homeowners face foreclosure this year. We're spreading the word that Springfield short sales actually do close.
I have seen favorable results from several of the major banks since April 4, 2010.
With some many foreclosures getting ready to hit the market, banks are becoming proactive to assisting Springfield homeowners avoid losing their homes and helping salvage their … (6 comments)
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springfield foreclosures: 1770 Union Ridge, Clever Mo - Springfield Real Estate and Foreclosures
- 03/20/10 12:43 PM
1770 Union Ridge, Clever Mo - Springfield Real Estate Sold - 20 Acres
Owners Loss Your Gain!
Your own cabin in the woods! On 20 wonderful acres, built in 1939, this 3 bedroom home would make a home for new owners wanting space.
$59,900
Located South of Clever Missouri on Union Ridge Road.
This bank foreclosure won't last at this price.
Search Springfield MLS … (5 comments)
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springfield foreclosures: Banking On The Economy To Recover - Will We Ever See Good Times Again
- 03/18/10 02:06 PM
Backing on the economy to recover in the coming months, many Springfield homes for sale will continue to be short sale and foreclosures. Are we waiting for a pipe dream or will we ever see good times again? In my opinion, the market continues to thrive from foreclosures and short sales.
Unemployment and reduction of income is among the major reasons so many Springfield Mo homes are facing foreclosure.
Unemployment in Springfield is 8.2% (according to the Source: USDC, Bureau of Labor Statistics, Local Area Unemployment Statistics, December 2009. Regional workforce data is occasionally one month delayed) of the workforce in … (9 comments)
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springfield foreclosures: Springfield Distressed Property Versus Regular Sales
- 03/13/10 08:59 AM
Springfield Distressed Property Versus Regular Sales
Distressed Property Versus Regular Sales
For years, searching for distressed properties has been difficult. Our Springfield MLS system did not have a catagory for bank foreclosures.
I would search all the agents I though listed foreclosures and send or show listings that appealed to the buyers. Then I'd do a vacant search, look for the sellers name, check the availability. It took hours to find the right home.
With all the foreclosures and short sales hitting the Springfield real estate market, MLS of Springfield added a new tab to assist real estate agents in their search for foreclosures.
Now … (4 comments)
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springfield foreclosures: Springfield Short Sales Are Increasing - Alternatives To Foreclosure
- 03/09/10 01:38 PM
Springfield Short Sales Are Increasing - Alternatives To Foreclosure
Many Springfield sellers are finding it harder to make their mortgage payments -- and may of them are headed in default because they don't know they have alternatives to foreclosure. Home owners that can no longer make mortgage payments, refinance or work out financing alternatives have options for sale:
Sellers can market their homes and sell before foreclosure. Give a deed-in-lieu of foreclosure to the bank or let the bank foreclose. Or sellers can can negotiate with the bank on short sales before the home foreclosure is complete. Short sales are … (4 comments)
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springfield foreclosures: Six Reasons Why the Springfield Housing Market Peaks Can Not Return
- 03/01/10 12:51 PM
Six Reasons Why the Springfield Housing Market Peaks Can Not Return The Springfield real estate market has seen a slowdown in the past several years, with more foreclosures, short sales and price drops. But across the country the housing market has taken a beating. Joe Mulkey wrote why the housing market peaks can not return......at least for the next few years.
Via: Joe Mulkey Six Reasons Why the Housing Market Peaks Can Not Return
Recent conflicting reports about the housing market and whether or not it is truly in recovery have left consumers as well as those in the real … (2 comments)
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springfield foreclosures: Eight Ways To Avoid Springfield Foreclosures - Springfield Real Estate
- 02/21/10 12:54 PM
Eight Ways To Avoid Springfield Foreclosures - Springfield Real Estate Are you trying to sell you home and slowly getting behind in your payments?
Here are 8 ways to avoid foreclosure:
Rent the property. Renting is an option only if you are current in you payments. Forebearance. Contact the bank and work out a temporary repayment plan. Refinance. Refinance can help reduce your monthly payments and allow you to remain in the home. Loan Modification. Sometimes the bank will modify the loan terms enabling you to reduce your payments. Sell the Home. Selling your home may free up equity to help pay of the home. … (5 comments)
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springfield foreclosures: Understanding the New Rules of the Springfield Short Sale Game: What Major Players Are Doing to Increase Activity
- 02/20/10 03:43 AM
Understanding the New Rules of the Springfield Short Sale Game: What Major Players Are Doing to Increase Activity
After working short sales for the past several years, I still don't know everything there is to know about short sales. Probably never will. The banks tend to change things as they go along.
Wendy Rulnick and Bryant Tutas are Superstars when it comes to short sales. Their website is a wealth of information for me when I deal with a new bank.
This coming Monday, I'll be in a webinar class listening to two major banks, sponsored by RE/MAX:
"Understanding the New Rules … (5 comments)
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springfield foreclosures: 2007 Mortgage Debt Relief Act - Extended through 2012 - Springfield Short Sales
- 01/24/10 08:18 AM
2007 Mortgage Debt Relief Act - Extended through 2012 - Springfield Short Sales
For many Springfield home owners, foreclosure or short sales still loom around the corner. The fact that the Adjustable Rate Mortgages will be ballooning in the next few years, means foreclosures and shorts sales will also continue.
If homeowners sell between now and 2012, the excess debt, if the homeowner completes a short sale, will be forgiven by the banks.......and the excess debt will not be included on their income tax as income.
The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge … (3 comments)
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springfield foreclosures: Results of NOT Winterizing Your Home - Coming Soon To A Neighborhood Near You!
- 01/19/10 11:51 AM
Results Of NOT Winterizing Your Home
I recently wrote about Winter Energy Saving Tips - But these disgruntled homeowners went too far!
We are getting ready to put this Springfield bank foreclosure on the market and found the home had been vacated, debris all over the home and the home not winterized. When my assistant, Brian, entered the home, he heard the sounds of a waterfall......literally. The pipes had frozen and broke.
All the utilites were off, however, the water was not turned off on the inside of the home. The home is on a shared well, with a large number of … (12 comments)
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Is The Housing Market Improving In Springfield Missouri? 
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