kansas (11)

I am currently assisting some Kansas homeowners with a request to Wells Fargo of an approval of a short sale of their home.  Their existing loan is FHA and we have requested a pre approval to participate in the short sale program.  While meeting to discuss the various possible options available, I learned that the homeowner that lived in the home was responsible for making the monthly mortgage payments.  Therefore, according to her, she would be the one to request the short sale approval from Wells Fargo.

BUT, what she did not realize is that because her parents had co-signed for the loan at the time of the initial FHA loan was taken out, they too would be included in the request for the short sale and a possible foreclosure.  Just because her cosigners did not live in the home and that she had agreed with her “parents” to make the monthly payment, does not mean that they are immune  to having to provide the required  information and meet the guidelines of the lender from whom a short sale is being requested.  They are also on the note to repay the lender back.

If you have a cosigner on your note, remember make sure that all parties on the note understand what their obligations and requirements are when applying for a short sale approval.

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If you don’t know what to do if  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.

(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.)
(Image courtesy photostock /FreeDigitalPhotos.net)

About the Author:

Suzanne Hinton
Hinton Group-Affiliated with ReMax Premier Realty
Voted 5 Star Best in Customer Satisfaction Real Estate Agent
Phone: 816-520-0917
Email: shinton@remax.net
shortsellingyourkansascityhome

©2011 Suzanne Hinton-Hinton Homes-Kansas City Short Sale Realtor
Kansas City Short Sales

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I recently attended an online seminar regarding short selling and one of the speakers said something that really stuck with me. He said that many times when a homeowner is faced with the possiblity of being unable to make their mortgage payment(s) for whatever reason, they are not interested in learning how to short sell their home. What is important to them is how they can keep their home and not have to sell it.

While assisting Kansas City home owner's sell their Kansas City home is how I make a living, I have learned how important it is to share with others my knowledge of what may help them even though I receive nothing in return. Knowledge is Power!

So, let's start talking about what things you as a Kansas City home owner may be able to do to avoid having to sell your Kansas City home. As you may have heard, there is a government program called "Making Home Affordable". This program is also commonly known as "HAMP."

  • HAMP is a program designed to assist struggling homeowners to avoid foreclosure by modifying their existing loans to an amount that is financially manageable. There are, however, certain guidelines that must be met before you consider applying for this program. One of the requirements is that the home must be your principal residence. There are eligibility requirements based on your finances as well. However, this is a very good starting point if your goal is NOT to sell your home.

If you don't know what to do if 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.

(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.)
(Image courtesy jscreationz-FreeDigitalPhotos.net)__________________________________________________________________

About the Author:

Suzanne Hinton
Hinton Group-Affiliated with ReMax Premier Realty
Voted 5 Star Best in Customer Satisfaction Real Estate Agent
Phone: 816-520-0917
Email: shinton@remax.net
shortsellingyour kansascityhome

 

 

©2011 Suzanne Hinton-Hinton Homes-Kansas City Short Sale Realtor
Kansas City Short Sales

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If you own an FHA or HUD insured home and you are desiring to request a short sale of your home, there are specific requirements that must be met.  I have worked with a number of homeowner's in selling their FHA insured home and before listing their home for sale, we discuss the guidelines that I know FHA is going to require be met by my homeowner Sellers.  

I am going to provide some of the FHA and/or HUD insured guidelines for a short sale over the course of several posts and try to give examples of facts that might fit the requirements.  The first that I want to discuss is the requirement that the home must be owner-occupied with exceptions in certain cases for job transfer, death and divorce for example.

I recently sold a home for a homeowner that had a FHA insured loan.  He had previously vacated the home and had moved out of State.  At the time we requested to be approved for a short sale, the Seller provided evidence that his reason for vacating the property and therefore, the home being vacant, was due to the need to have to move out of State in order to be able to obtain another job in his field of employment.  We documented this through not only with his current income statements, but through a letter explaining the history and reason for his move.  We were able to obtain an exception to the requirement of the home being owner occupied. 

Each situation will be specific to the individual homeowner.  But, overall, it is important to be aware that one of the requirements for a FHA and/or HUD insured short sale, is that your home be owner occupied. 

 

 

If you don't know what to do if  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.

(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.)

(Image courtesy jscreationz/FreeDigitalPhotos.net)
 

About the Author:

Suzanne Hinton
Hinton Group-Affiliated with ReMax Premier Realty
Voted 5 Star Best in Customer Satisfaction Real Estate Agent
Phone: 816-520-0917
Email: shinton@remax.net
shortsellingyourkansascityhome

 

 

©2011 Suzanne Hinton-Hinton Homes-Kansas City Short Sale Realtor
Kansas City Short Sales

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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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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

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©2011 Suzanne Hinton-Hinton Homes-Kansas City Short Sale Realtor
Kansas City Short Sales

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My first post of  "What To Do Right Now If  You Are Facing Foreclosure of Your Kansas City Home" outlined that there are possible options to foreclosure of your Kansas City home.  The second post being "Do You Know

Someone Who Is Falling Behind On Their Mortgage Payments?"

This is the next post in a series to provide information to those who are either facing foreclosure or who may be facing owing more on their home than its worth or are falling behind on their mortgage payments.  There are options! 
 

Just because you were not able to work out an agreeable refinance or modification program with you lender under the "Making Homes Affordable Program", does not mean that you will not qualify for short selling your Kansas City home.

The series of posts that I will be providing next are going to focus on the "Streamlined Short Sale" process.  This is a short sale process that is available to borrowers who are eligible for the Making Home Affordable Loan Modification Program, but for some reason do not qualify for the modification for other reason(s).

Because the short sale process is becoming more popular, the first important issue to understand to determine if you would qualify for the Streamlined Short Sale is knowing what is a short sale.

A informative question and answer document presented by ReMax provides a very good and understandable explanation.  "In a short sale, a lender agrees to let a homeowner facing financing hardship sell a home for less than the mortgage owed." (2010 ReMax International)

Therefore, if you believe that your home's value is less than what is currently owed on the home or you simply are not sure, you would want to confirm this through a market analysis of your home by an experienced realtor which would then confirm if you would currently qualify for the first step to determining if you would qualify for the Streamlined Short  Sale process of your Kansas City home.

The bottom line is DON’T believe that there is nothing that you can do.  There is the possibility of a short sale of your Kansas City home.  I really want to help educate the public and those in need of gathering as much information as possible to better understand what you may be able to do to lessen the burden of your Kansas City home situation in Kansas or Missouri.  I have really learned, while working with foreclosures of Kansas and Missouri homes and while assisting home sellers with their Kansas short sale and Missouri short sale that knowledge can be power in your making the right decisions for your current and future well-being. 

 

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I will continue to provide updates to this subject over a short period of time.  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.

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.

It has been my pleasure to help a number of Sellers with their Kansas short sale or Missouri short sale.  Consider me an available resource to help you determine what the best direction is for you.

(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.)

(Image via Flickr)

 

 

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About the Author:

Homes for sale in Kansas City    •What’s My Home Worth In this Market

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

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©2011 Suzanne Hinton-Hinton Homes-Kansas City Short Sale Realtor
Kansas City Short Sales

 

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12317-wedd-street.jpgBank of America Short Sale Listing Sold in Overland Park.

We are proud to say that another of our Metro Kansas City realty listings has sold via a short sale.

The loan was with Bank of America with a second lien to People's Bank. This Kansas City realty Seller was not required to sign a promissory note and no funds required from Seller at closing.

Certainly short sales are not easy and can take some time, but they are certainly a possible option to consider as to foreclosure and worth becoming familiar with what is a short sale.

If you are considering whether a short sale is a possibility for your Kansas City realty, make sure that you contact an agent that is experienced with having sold several short sales and understands the options for what is a short sale.
  • Request a FREE Confidential, no-obligation, short sale analysis of your Metro Kansas City realty. Serving both home sellers and buyers in Kansas and Missouri
As short sales continue to increase, it is important to work with a Realtor that is familiar with the short sale process from the beginning to the end. Remember, there are significant differences in being able to stand a good chance of selling a home as a short sale that some Realtors are not familiar with. Knowing what is a short sale and the in's and out's of selling a short sale could make or break your success in selling your home in time to avoid foreclosure or other potential issues. It may not be as easy as picking a Realtor that you know or have done business with in the past.

We are proud to have helped several Kansas City realty homeowners successfully complete their short sales.

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About the Author:

Homes for sale in Kansas City Metro What’s My Home Worth In this Market

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

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© 2010-2011 Suzanne Hinton-Hinton Homes-Short Sale Realtor

Kansas City Realty

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The First Step To Consider Taking To Avoid A Foreclosure of Your Kansas City Realty.  My first post of "What To Do Right Now If You Are Facing Foreclosure of Your Kansas City Home" outlined that there are possible options to foreclosure of your Kansas City realty. This is the second post in a series of posts that I want to share.

Before deciding that there is nothing that you can do to avoid foreclosure of your home, STOP and consider all options available. The first being to "talk to your lender" about the alternatives available to avoid foreclosure of your Kansas City realty. You may be very surprised to learn that there are several newer programs being offered that are more realistic than those that were previously offered. The Home Affordable Modification Program is one example. Other programs that I will be blogging about require following certain guidelines be met prior to making application.

The bottom line is DON"T believe that there is nothing that you can do. There are possible options to avoid a foreclosure of your Kansas City realty. But, you have to take the first step. Contact your lender and if that does not offer an answer, then there are other possible options.

I really want to help educate the public and those in need of gathering as much information as possible to better understand what you may be able to do to either avoid a foreclosure of your Kansas City realty, Kansas or Missouri. I have really learned, while working with foreclosures of Kansas and Missouri homes and while assisting home sellers with their Kansas short sale and Missouri short sale that knowledge can be power in your making the right decisions for your current and future well-being.

I will continue to provide updates to this subject over a short period of time. If you are facing foreclosure of your Kansas City home, Kansas or Missouri, please continue to read the upcoming posts.

Request a Free Confidential, no obligation, short sale or pre foreclosure analysis of your home and options that may be available to you.

It has been my pleasure to help a number of Sellers with their Kansas short sale or Missouri short sale. Consider me an available resource to help you determine what the best direction is for you to attempt to avoid foreclosure of your Kansas City realty.

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Related Articles:

About the Author:

Homes for sale in Kansas City MetroWhat’s My Home Worth In this Market

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

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©2011 Suzanne Hinton-Hinton Homes-Kansas City Short Sale Realtor
Kansas City Short Sales

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What to do right now if you are facing foreclosure of your Kansas City home. Having assisted numerous individuals and families facing the foreclosure of their Kansas City homes, for both Kansas and Missouri, I have witnessed first hand the need for educating the public as to foreclosures and short sales during what is a difficult and emotional time.

As we continue to hear in the media, foreclosures are on the rise, but yet there is so much uncertainty as to what a foreclosure really means as well as to what options may be available if you are facing a foreclosure of your Kansas City home.

For example, did you know that the laws of foreclosure are not the same in Kansas and Missouri? So many of the folks who contact me to discuss what options they may have in order to avoid their home being foreclosed, eg. Kansas short sale of their home or a Missouri short sale, do not realize that the steps and procedures involved in a foreclosure for Missouri are not the same as in Kansas.

These differences could greatly affect your decision as to what to do to avoid foreclosure of your Kansas City home.

Visit houselogic.com for more articles like this.

Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®

I really want to help educate the public and those in need of gathering as much information as possible to better understand what you may be able to do to either avoid a foreclosure of your Kansas City home, Kansas or Missouri. I have really learned, while working with foreclosures of Kansas and Missouri homes and while assisting home sellers with their Kansas short sale and Missouri short sale that knowledge can be power in your making the right decisions for your current and future well being.

I will continue to provide updates to this subject over a short period of time. If you are facing foreclosure of your Kansas City home, Kansas or Missouri, please continue to read the upcoming posts.

Request a Free Confidential, no obligation, short sale or pre foreclosure analysis of your home and options that may be available to you.

It has been my pleasure to help a number of Sellers with their Kansas short sale or Missouri short sale.

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If you want some great tips for buying or selling your home, without speaking to a realtor, just go to Facebook-Hinton Homes and click the "Free Tips" tab.

Homes for sale in Kansas City

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

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©2010 Suzanne Hinton-Hinton Homes-Kansas City Short Sale Realtor Kansas City Short Sales

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We are proud to say that another of our short sales listings has received an approval on the submitted short sale contract. This Overland Park KS short sale ha12433920088?profile=originals an existing loan with Bank of America and a 2nd mortgage lien with People's Bank.


The Seller was not required to sign a promissory note and no funds were required from Seller at the time of closing on this Bank of America short sale.

This Overland Park KS short sale is an existing Conventional loan.

Just shows that short sales are a possible option available to foreclosure.


If you are considering a short sale instead of foreclosure, you should consider hiring an experienced Kansas City short sale agent. Request a FREE Confidential, no-obligation, short sale or pre-foreclosure analysis of your home. Serving both home sellers and buyers in Kansas and Missouri.


Contact Me for more information about this home or any other
Homes in Kansas City for sale.

_____________________________________________________________

Suzanne Hinton-Hinton Homes-short sale and pre foreclosure real estate specialists.

Contact Suzanne Hinton at
Phone or Text: (816) 520-0917
Email: shinton@remax.net





©2010 Suzanne Hinton-Kansas City Short Sale agent
Kansas City Short Sales

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Shawnee KS Suntrust Short Sale Listed and Sold

We are proud to say that another of our short sales listings has sold. This Shawnee KS short sale had an existing loan with Suntrust.


The Seller was not required to sign a promissory note and no funds were required from Seller at the time of closing on this Suntrust short sale.

This Shawnee KS short sale was an existing FHA loan.

Just shows that short sales are a possible option available to foreclosure.


If you are considering a short sale instead of foreclosure, you should consider hiring an experienced Kansas City short sale agent. Request a FREE Confidential, no-obligation, short sale or pre-foreclosure analysis of your home. Serving both home sellers and buyers in Kansas and Missouri.


Contact Me for more information about this home or any other
Homes in Kansas City for sale.

_____________________________________________________________

Suzanne Hinton-Hinton Homes-short sale and pre foreclosure real estate specialists.

Contact Suzanne Hinton at
Phone or Text: (816) 520-0917
Email: shinton@remax.net


Specialist in assisting North Johnson County Kansas home buyers and sellers in Fairway, Merriam, Mission, North Overland Park, Prairie Village, Roeland Park, Westwood and Westwood Hills Kansas.




©2010 Suzanne Hinton-Kansas City Short Sale agent
Kansas City Short Sales

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Should I sell or buy my Kansas City home via a short sale?A Continuing Guide to Understanding Short Sales Series.Whether you are facing the possibility of needing to sell your Kansas City Home via a short sale or if you are considering buying a short sale, you will need to have information and tips on understanding this ever growing popular tool for home selling and buying. Over the course of several weeks, I will be providing a series of quick tips and information from experiences that my clients have had in selling and buying short sales as well as very practical information supplied by the National Association of Realtors as well as other well respected short sale authorities.Today let's start with:"What is a short sale?"There are plenty of definitions that you can find. The simplest way that I have defined it is that a short sale arises when the total costs associated with the sale of real estate including, but not limited to, the payment of all outstanding mortgage(s), taxes, real estate commissions and other liens exceeds the amount of the proceeds from the sale AND, the existing lender(s) or mortgage holder(s) agree, based on the borrower/property owner meeting certain requirements, to accept a payoff that is less than the balance due in order that the home can be sold/closed.I look forward to exploring and discussing this ever popular growing niche in selling and buying Kansas City homes with you."Remember, you have options to the financial situation that you may be in with your home-I have helped many families who were facing uncertainty with their Kansas City homes including pre-foreclosure-let me help you."-SuzanneYOU MIGHT BE ABLE TO AVOID A FORECLOSURE WITH A SHORT SALE-Don't wait to find out if you qualify.REQUEST FREE CONFIDENTIAL PRE-FORECLOSURE OR SHORT SALE ANALYSIS OF YOUR KANSAS CITY HOME.Search All MLS Kansas City Home ListingsSuzanne Hinton-Hinton Homes-Pre-Foreclosure and short sale specialist. Specializing in assisting home buyers and sellers with their Kansas City homes-short sales.Suzanne Hinton, Voted 5 Star Real Estate Agent, providing real estate services to home buyers and sellers in the areas of Overland Park, Shawnee, Prairie Village, Olathe, Mission, Merriam, Roeland Park, Leawood, Kansas City, Lee's Summit and all surrounding cities in the Johnson County, Kansas and Kansas City Metropolitan area.Suzanne is also a specialized pre-foreclosure and Kansas City short sale agent with a successful track record of having listed and sold short sale listings throughout the Kansas City Metropolitan area including in Kansas and Missouri.
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