Working Foreclosures, Short Sales and REO's - Springfield Mo Real Estate

By
Real Estate Broker/Owner with RE/MAX Broker, RE/MAX 1999033519

Short Sales and Foreclosures

Working Foreclosure and Short Sales in the Springfield real estate market.

The Springfield real estate market remains stable in our area, however, those once easy to close sales have now become more difficult. 

Short sales and bank foreclosures are usually the first listing to be shown now, leaving the owner occupied homes overlooked.  Unless they are priced to be competative with the short sales and foreclosures, they tend to remain on the market longer.  

Earlier this year I completed a class through RE/MAX on "Foreclosures, Short Sales and REO's."  Nancy Freeman was awesome!

Armed with all this new information, I closed a short sale last week that was blessed with a first and second.  Having brought the buyer to my own listing, both buyer and seller remained much more patient and within 6 weeks, we closed.  Phew!!!!!!  The time spent on the phone with the banks is exhausting.  But I can tell you every representative of each bank was courteous, friendly and patient.  All my questions were quickly answered.  Every problem was confronted.

Would I do this again? Absolutely!  I currently have six other short sales working.  Learning to work with each bank is like learning a new dance daily.  It's well worth the time to hear the relief in the seller's voices when I let them know the bank has approved the short sale.

 

Kay Van Kampen Team - Re/Max  Subscribe To My Blog

 

Kay Van Kampen is a local Realtor serving Springfield, Ozark, Nixa, Rogersville, Republic and surrounding areas in Missouri.  She is ready and available to help you with all your Springfield Mo real estate needs.  To contact her go to www.kayvankampen.com.

If you would like a free list of homes for sale in this area/neighborhood, would like more information about Springfield, Ozark, Nixa, Rogersville, Republic, Willard and surrounding areas or would like to be the first to know about hot new listings before other buyers do, then give me a call at:  417.839.4534.

 

 

Posted by

Kay Van Kampen - Springfieldmohouses.com

Direct:  417-839-4534

Kay services the following towns in the Springfield area:  Springfield, Ozark, Nixa, Rogersville, Republic, Clever, Billings, Willard, Battlefield, Sparta, Highlandville, Spokane, Marshfield, Ash Grove, Strafford, Fordland, and Greene, Christian and Webster Counties in Missouri.

 For information on Springfield Mo real estate visit: www.springfieldmohouses.com

 

  Search For Springfield Homes

 

Kay Van Kampen | RE/MAX Solutions. Springfield Mo 65804

 

 

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Short Sale REALTORS®
Tags:
foreclosures
short sales
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bank owned properties
springfield mo real estate

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Rainmaker
134,355
Steve Hall
RE/MAX United - San Marcos, CA
Make the Call to Hankins and Hall

Six weeks!!! I usually don;t get a response from the seller's bank for at least two months.  It took the bank 5 months to respond to my last offer on a short sale.  Our market adjusted so much in that time, my buyer decided not to continue with that purchase and moved on to another property.

Nov 30, 2008 07:06 AM #1
Rainmaker
882,279
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Steve, the class I took was through RE/MAX Mainstreet.  I am having problems with Countrywide...they are delaying everything!  I still have not been assigned a negotiator with them on 3 other short sales.

Nov 30, 2008 07:15 AM #2
Rainmaker
134,355
Steve Hall
RE/MAX United - San Marcos, CA
Make the Call to Hankins and Hall

Kay - I believe I will watch the video. I assume it is on ATOD?

Nov 30, 2008 07:32 AM #3
Rainmaker
882,279
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Steve - I bought the tapes from RE/MAX direct.  I did see Dave Liniger talking about Nancy Freeman on his blog.  Not sure if it is on RSN.  I had the realtors in my office sit through the training too.  No reason why we should loose a sale.  I do know the buyers start getting restless when they don't have an answer from the banks.

Nov 30, 2008 07:36 AM #4
Rainmaker
183,218
Debbie DiFonzo
Debbie DiFonzo - United Country VIP Realty, SW Missouri - Lebanon, MO
Lebanon MO and Buffalo Missouri Real Estate

Congratulations Kay! What an awesome feeling - to make a short sale work for the buyer and the seller.

Nov 30, 2008 12:43 PM #5
Rainmaker
882,279
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Thanks Debbie.  Hope you are doing well.  I've been a little busy lately and haven't been in AR much.

Nov 30, 2008 11:22 PM #6
Rainmaker
284,699
Gene Allen
Fathom Realty - Cary, NC
Realty Consultant for Cary Real Estate

From what I have seen you are one of the few and should be blessed that it went smoothly.  Hope for the best for the rest of them.

Dec 02, 2008 04:41 AM #7
Rainmaker
882,279
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Thanks Gene,

It was not an easy close, and I can't tell you how many hours was spent on the phone.  With the help of the class that Nancy Freeman taught, I had all my documentation in order.  Really made the banks job easier.  I'm almost ready to close another.  Thanks for stopping and commenting.

Dec 03, 2008 11:46 AM #8
Rainmaker
388,997
Steven Beam
RE/MAX Alliance - Parker Colorado Real Estate. - Parker, CO
Parker Colorado Real Estate

Just got one closed with Countrywide that took 8 months almost to the day to get closed. Tough way to make a living. Tough way for first time home buyers to get their feet wet buying a home.

Dec 31, 2008 01:56 AM #9
Rainmaker
882,279
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Steven, I hate to hear that!  I'm working 4 homes with Countrywide right now.  There's got to be a better way to get them to close faster.

Dec 31, 2008 12:32 PM #10
Rainmaker
396,722
Sal Poliandro - NJ Bergen County Realtor
RE/MAX Properties - Ridgewood, NJ
Short Sale Specialist - CDPE, SRES, SFR, IRES

Hi Kay,

   Great job turning around the short sale in such a quick timeframe. Countrywide is one of the slower banks that I have been working with. What bank did you have your six week success with? HB Beneficial was very responsive on my last transaction with them. Keep up the good work.

Jan 03, 2009 09:42 AM #11
Rainmaker
396,722
Sal Poliandro - NJ Bergen County Realtor
RE/MAX Properties - Ridgewood, NJ
Short Sale Specialist - CDPE, SRES, SFR, IRES

Hi Kay,

     I just posted a blog about this topic. The house was originally listed for $955,000 in 2006. They could not successfully negotiate a short sale, now I am listing the property for the bank that received possession from the Sheriff of Bergen County. I am representing the bank and the property is being listed for $537,900. These folks could have used your help two years ago.

Jan 03, 2009 10:07 AM #12
Rainer
334,174
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

yes they look so nice but Foreclosures are such tough on to stomach.

Sep 15, 2011 06:54 PM #13
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Rainmaker
882,279

Kay Van Kampen

Realtor®, Springfield Mo Real Estate
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