FORECLOSURE REAL ESTATE Bank owned Real Estate, REO and Short Sales Joe Stanley: 816-215-4954 Pat Holbert: 816-215-4934 We all know that the availability of Foreclosure real estate in the Kansas City area is changing daily. Most generally the Foreclosed home is purchased AS IS, although there are a small percentage of banks and mortgage companies that have or are willing to renovate foreclosed homes. The Short Sale simply means the home is being sold for less than the loan balance of the existing mortgage. Short Sales must be approved by the Bank or Mortgage company holding the existing Mortgage on the property. There can be many pitfalls and delayed closings when buying Foreclosed and Short Sale homes. Just be sure, you have good representation from your Real Estate Buyer's agent. Feel free to call or email us if we can help you with any questions you may have before looking into purchasing a Foreclosed or Short Sale home, in the Kansas City metropolitan areas, states of Missouri and Kansas. Thanks, Joe and Pat email: jsph4@att.net |