So you have determined that you owe more on your Kansas City home than it is worth and you need to sell because you cannot afford your home any longer. You decide to short sale your Kansas City Home.
There are some tips that I would like to share with you based on my experience in assisting a number of Kansas City homeowners short sale their homes. Without each, your chances of a successful short sale of your Kansas City home will be diminished.
This post is as to Tip 1 which seems really simple to answer. But, unless you are absolutely certain of the answer to this, you will leave yourself open for an easy denial of your request for a short of your Kansas City home.
- TIP 1: WHO DO YOU OWE ? Anyone who has a lien or mortgage on your home must approve of your request for a short sale. You might be surprised to learn that includes first, second, third mortgage holders, lines of credit, contractors and any other entities or individuals that have placed liens on your home.
As an agent for my short sale clients, this is a key starting point that I research. Don't get caught at the end realizing that you failed to make a request for your short sale approval from all lien holders and now you cannot sell your Kansas City home via a short sale to a prospective buyer.
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- If you or someone you know don’t know what to do if you owe more than your home is worth, you are falling behind on your mortgage payments or you are currently facing foreclosure of your Kansas City home, Kansas or Missouri, please continue to read the upcoming posts and Request a Free Confidential, no obligation, analysis of your home and options that may be available to you to help reduce the burden you may have.
Suzanne Hinton, your best choice for a Kansas City short sale expert.
(There are potential tax consequences that should be discussed with a tax professional. Please do not interpret this information as providing legal, tax or other professional advice which you should seek independently.)
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• Homes for sale in Kansas City •What’s My Kansas City Home Worth In this Market
About the Author:
Suzanne Hinton
Hinton Homes-Affiliated with ReMax Premier Realty
Voted 5 Star Best in Customer Satisfaction Real Estate Agent
Phone: 816-520-0917
Email: shinton@remax.net
www.hintonhomes.com
©2011 Suzanne Hinton-Hinton Homes-Kansas City Short Sale Realtor
Kansas City Short Sales
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