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Avoiding a Real Estate Foreclosure in Kansas City Doesn't Mean You Will Stay in the Home Short Sale

Avoiding a Real Estate Foreclosure in Kansas City Doesn't Mean You Will Stay in the Home

Dowell Family Team July 02, 2012

The feeling of owning your own home is wonderful, especially for those couples that are first time home buyers; however, there are certain problems t…

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Why do real estate agents announce that a listing is a foreclosure property on their websites and on the Kansas City mls? Stating that it is a foreclosure would seem to invite and encourage low-ball offers. Is that the purpose? Overland Park Real Estate

Why do real estate agents announce that a listing is a foreclosure property on their websites and on the Kansas City mls? Stating that it is a foreclosure would seem to invite and encourage low-ball offers. Is that the purpose?

Dowell Family Team May 24, 2012

Question:  Why do real estate agents announce that a listing is a foreclosure property on their websites and on the Kansas City mls? Stating that it …

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I lost my job 3 months ago and I'm now behind on my mortgage on my home in Olathe, Kansas. I knew there was a possibility that I would lose my job so I started working on a loan modification a couple months before I lost my job. I have not heard anything about my loan modification for the past 3 months and then yesterday I received a notice that my lender is starting to foreclose on my home. What are my options? Short Sale

I lost my job 3 months ago and I'm now behind on my mortgage on my home in Olathe, Kansas. I knew there was a possibility that I would lose my job so I started working on a loan modification a couple months before I lost my job. I have not heard anything about my loan modification for the past 3 months and then yesterday I received a notice that my lender is starting to foreclose on my home. What are my options?

Dowell Family Team April 25, 2012

Question: I lost my job 3 months ago and I'm now behind on my mortgage on my home in Olathe, Kansas. I knew there was a possibility that I would …

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I made an offer on a foreclosure home in Olathe last month. According to the contract I need to be approved for a mortgage within 3 weeks. Here is my problem. I conducted inspections and applied for a mortgage. The bank approved me for a mortgage, but not for this home. The banker says the home needs to much work and in order to get a mortgage loan through his bank I would need the seller to make the repairs. Since the bank will not make repairs, my bank issued a denial letter, which was submitted to the listing agent within the 3 week period but not sent to the bank who is handling the foreclosure within 3 weeks. Now the bank wants to keep my $2,500 earnest deposit. Can you help me? Olathe real estate

I made an offer on a foreclosure home in Olathe last month. According to the contract I need to be approved for a mortgage within 3 weeks. Here is my problem. I conducted inspections and applied for a mortgage. The bank approved me for a mortgage, but not for this home. The banker says the home needs to much work and in order to get a mortgage loan through his bank I would need the seller to make the repairs. Since the bank will not make repairs, my bank issued a denial letter, which was submitted to the listing agent within the 3 week period but not sent to the bank who is handling the foreclosure within 3 weeks. Now the bank wants to keep my $2,500 earnest deposit. Can you help me?

Dowell Family Team April 17, 2012

Question: I made an offer on a foreclosure home in Olathe last month. According to the contract I need to be approved for a mortgage within 3 weeks. …

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Is buying a foreclosed home a good buy or is it usually more trouble than its worth? I've heard sometimes foreclosed homes can land up costing more. Is this always the case? How can you avoid bad foreclosure purchases? Kansas City Real Estate

Is buying a foreclosed home a good buy or is it usually more trouble than its worth? I've heard sometimes foreclosed homes can land up costing more. Is this always the case? How can you avoid bad foreclosure purchases?

Dowell Family Team April 13, 2012

Question:   Is buying a foreclosed home a good buy or is it usually more trouble than its worth?  I've heard sometimes foreclosed homes can land…

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I recently submitted an offer on an REO property in Olathe with an expiration so we could hear back quickly and avoid a “highest & best offer” situation due to multiple offers. Olathe real estate

I recently submitted an offer on an REO property in Olathe with an expiration so we could hear back quickly and avoid a “highest & best offer” situation due to multiple offers.

Dowell Family Team March 28, 2012

Question:  I recently submitted an offer on an REO property in Olathe with an expiration so we could hear back quickly and avoid a “highest & bes…

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I receive depressing emails from Kansas City homeowners who have never wondered why they should do a short sale versus having their Kansas City home foreclosed on. - Loan Modification Short Sale

I receive depressing emails from Kansas City homeowners who have never wondered why they should do a short sale versus having their Kansas City home foreclosed on. - Loan Modification

Dowell Family Team March 27, 2012

Weekly, I receive depressing emails from Kansas City homeowners who have never wondered why they should do a short sale versus having their Kansas Ci…

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I offered $225,000 for a short sale property in Overland Park, Kansas with 10% down. The seller countered that buyer must be willing to put 20% down if the lender requires. I accepted the counter, hoping 20% will not be needed and escrow has been opened. Overland Park Real Estate

I offered $225,000 for a short sale property in Overland Park, Kansas with 10% down. The seller countered that buyer must be willing to put 20% down if the lender requires. I accepted the counter, hoping 20% will not be needed and escrow has been opened.

Dowell Family Team March 27, 2012

Question:  I offered $225,000 for a short sale property in Overland Park, Kansas with 10% down. The seller countered that buyer must be willing to pu…

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As first time home buyers, my husband and I were excited to make an offer on a foreclosure home in Gardner, Kansas. Gardner Real Estate

As first time home buyers, my husband and I were excited to make an offer on a foreclosure home in Gardner, Kansas.

Dowell Family Team March 01, 2012

Question: As first time home buyers, my husband and I were excited to make an offer on a foreclosure home in Gardner, Kansas. Everything seemed to be…

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Bank accepted an offer on an Overland Park, Kansas foreclosure home in 2 hours on a Sunday night Overland Park Real Estate

Bank accepted an offer on an Overland Park, Kansas foreclosure home in 2 hours on a Sunday night

Dowell Family Team February 25, 2012

Question:  I have been in the market for a home for over 6 months. The perfect home came on the market Friday in Overland Park. It had already been r…

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I hear that in areas like Las Vegas, NV and Phoenix, AZ over half of the sales are cash sales. Is that the case in Johnson County, Kansas? How about Kansas City? Short Sale

I hear that in areas like Las Vegas, NV and Phoenix, AZ over half of the sales are cash sales. Is that the case in Johnson County, Kansas? How about Kansas City?

Dowell Family Team February 24, 2012

Question: I hear that in areas like Las Vegas, NV and Phoenix, AZ over half of the sales are cash sales. Is that the case in Johnson County, Kansas? …

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I'm looking at a real estate foreclosure in Olathe, Kansas. How much less than asking price should I bid? Olathe real estate

I'm looking at a real estate foreclosure in Olathe, Kansas. How much less than asking price should I bid?

Dowell Family Team February 18, 2012

Question: I'm looking at a real estate foreclosure in Olathe, Kansas. How much less than asking price should I bid? Anna B. from Olathe, Kansas …

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I saw two foreclosure houses for sale in Olathe, Kansas that are vacant and have HUD notices in the window. I want to find out information on these homes and how much they are for sale. How do I find out this information on these homes and any other HUD home I find? Olathe real estate

I saw two foreclosure houses for sale in Olathe, Kansas that are vacant and have HUD notices in the window. I want to find out information on these homes and how much they are for sale. How do I find out this information on these homes and any other HUD home I find?

Dowell Family Team February 15, 2012

Question:  I saw two foreclosure houses for sale in Olathe, Kansas that are vacant and have HUD notices in the window. I want to find out information…

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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 Overland Park Real Estate

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

Dowell Family Team February 04, 2012

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 o…

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I am purchasing a single family foreclosure home in Kansas City that is bank owned and there is a delay in closing due to the title Overland Park Real Estate

I am purchasing a single family foreclosure home in Kansas City that is bank owned and there is a delay in closing due to the title

Dowell Family Team January 31, 2012

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 …

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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. Short Sale

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.

Dowell Family Team January 27, 2012

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 jo…

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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? Short Sale

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?

Dowell Family Team January 26, 2012

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…

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