Kansas City Real Estate Update

Forclosures in Greater Kansas City

Forclosures in Kansas City are a growing topic. Forclosures happen when a home owner falls behind on their mortgage payments to the point that the bank worries that they may never get it caught up. At this point the bank will go through the many necessary hoops to forclose on the property.

Depending on the market conditions, many of these homes will sell at - or close to the full market value. If you are a seller going through a tough time and forclosure is a possibility...you owe it to yourself to know ALL your options. Contact a professional who can assess the fair market value. Selling to "We buy homes" type organizations could cost you the equity you have built up. Once you get your first notice, and it doesn't look like you can or will get caught up, you could recoup most of your equity, and still sell you home fast enough to keep a foreclosure off your credit.

For the full story on Forclosures in KC, contact The Korn Team at (816) 224-KORN (5676) or send us an email at brad@kornteam.com