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A Water Leak

Posted by Amy Vochatzer // November 1, 2017

A Water Leak

Arturo bought a house in Kansas City. He inspected the house, and the plumbing looked fine, at least what he could see.  Then he went to the water meter and noted the dials. He wrote the figures down, made sure the water was not running in any of the faucets and came back two hours […]


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Short Sale or Foreclosure?

Posted by Amy Vochatzer // October 25, 2017

Short Sale or Foreclosure?

What is a mortgage short sale? Should I do a short sale or foreclosure? A mortgage short sale occurs when a financially distressed borrower arranges a sale for less than the outstanding mortgage balance. The lender accepts the proceeds of the house sale which is short of the full repayment of the mortgage. The borrower, then, receives a release […]


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Stigmatized Property

Posted by Amy Vochatzer // October 18, 2017

Stigmatized Property

KCTV5 reported, “The housing market in Kansas City is hot. People are buying houses quickly, sometimes before digging into the history of the home.” In this hot market beware of Stigmatized Property. “Think of all of the things you are legally required to know when you buy: Leaky roof, leaky basement, lead paint, etc.” ‘Those […]


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5 Stone Cold Suggestions to Get Lender Approval

Posted by Amy Vochatzer // October 11, 2017

5 Stone Cold Suggestions to Get Lender Approval

Congratulations! You and your spouse are over the moon happy. You waved at indecision and decided the time was right to become a Kansas City homeowner. If you are like most first-time home buyers, you will need a lender. We have 5 stone cold suggestions to get lender approval for a traditional loan. Realize, a […]


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Underappreciated Kansas City MO

Posted by Amy Vochatzer // October 4, 2017

Underappreciated Kansas City MO

Underappreciated Kansas City MO received some very favorable press starting in February in Thrillist Travel. For a thousand different reasons, you’re considering a move this year. But cities you normally think of as cool, Portland OR, Austin or Nashville are over-priced. There are still plenty of amazing places, however, still lurking under the radar. All […]


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How Do You Stop a Kansas City Foreclosure

Posted by Amy Vochatzer // September 27, 2017

That event that you were fearing is close to happening. The phone rings day and night. Not only do bill collectors call, but the bank started calling. First, they sent a notice stating that you were late with your payment. Then they started calling warning about foreclosure if you don’t bring things current. You can’t sleep. Instead of counting sheep you are counting sheriff's visits to your door tacking up notices to vacate. You moan in your sleep, “Please someone tell me, how do you stop a Kansas City foreclosure?” How Do You Stop a Kansas City Foreclosure? • Bringing the Loan Current a.k.a. Reinstatement - Believe it or not, your lender wants to work with you to help you get back on track and make your payments. Foreclosure is no picnic for either party involved. And, frankly, both you and your lender lose in the end • Work Out a “Forbearance Plan” - a forbearance agreement provides short-term relief for borrowers. With a forbearance agreement, the lender agrees to reduce or suspend mortgage payments for a certain period and not to initiate a foreclosure during the forbearance period. • Sell the Home to a Cash Buyer - o How to stop a Kansas City foreclosure? Try calling us. It is quick! You can sell your house fast in Kansas City normally in 30 days or less. That is much quicker than a traditional sale, which can take several months, and closing takes places after repairs. In most cases when an investor and a seller can agree on a price immediately, they can close as fast as one to two weeks. o A real estate investor will buy as-is. Worrying about some repairs that you’ll need to fix based on an appraisal? An investor will estimate the repairs needed to restore your property, arrive at an offer, and will purchase the property in whatever condition. o No Fees! A real estate investor doesn’t charge you a real estate commission and may take care of any other nagging financial problems such as back taxes, code violations, the risk of foreclosure, or past due water and sewer bills. More How Do You Stop a Kansas City Foreclosure? • Selling Through a Short Sale - you may be able to sell your home with the bank's permission before the foreclosure process begins. A pre-foreclosure sale, also known as a short sale, allows homeowners to sell their home at current market value and use that money to satisfy their mortgage [source: Chicago Tribune]. • File for Bankruptcy - Contact a bankruptcy attorney. You need to know your options so you can make informed decisions. How to stop a Kansas City foreclosure? Filing for bankruptcy stops a foreclosure proceeding. • Repayment Plan - Repayment options could include a plan to repay missed payments in addition to making monthly payments, especially if there is a temporary hardship • FHA Programs for Homeowners – Home & Garden writes about the partial claim, a loan modification offered by the U.S. Department of Housing and Urban Development (HUD) for FHA-approved loans [source: HUD]. The FHA provides an interest-free loan to pay off your missed mortgage payments, and it doesn't need to be paid off until you sell your home or make your last mortgage payment [source: HUD]. There are many programs that offer help to those with floundering financials. And More How Do You Stop a Kansas City Foreclosure? • A Deed-in-Lieu of Foreclosure - a deed instrument in which the borrower conveys all interest in a real property to the mortgagee (i.e., the lender) to satisfy a loan that is in default and avoid foreclosure. At the height of the housing crisis in 2007-2008, it was called “jingle mail.” Homeowners simply put the house keys in an envelope and mailed them to the bank and then drove away. A deed-in-lieu is a more formal process for jingle mail. • Loan Modification – Loan modification could include a reduction of the interest rate, convert from a variable interest rate to a fixed interest rate, or extend the length of the term of the loan. A loan modification agreement is a permanent solution to unaffordable monthly payments. Terra Firma Property Solutions, LLC is a professional, full-service real estate solutions firm. We buy and sell properties throughout the greater Kansas City area. We specialize in buying distressed homes, then renovating and reselling them to home buyers and landlords. Terra Firma Property Solutions: excited to be part of the economic rejuvenation of Kansas City and its surrounding areas. Call us today at (816) 866.0566

That event that you were fearing is close to happening. The phone rings day and night. Not only do bill collectors call, but the bank started calling. First, they sent a notice stating that you were late with your payment. Then they started calling warning about foreclosure if you don’t bring things current. You can’t […]


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Who Pays Closing Costs

Posted by Amy Vochatzer // September 20, 2017

Who Pays Closing Costs

Listen, want a rush? Along about midnight, after your neighbors consume many adult beverages and are on the verge of speaking in tongues, see if they can tell you who pays closing costs. They may sweat a puddle trying to answer.  If they know the answer, your buddies should chant, “Who pays closing costs? Closing […]


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Best Paint Colors to Use When You Sell Your House

Posted by Amy Vochatzer // September 13, 2017

Best Paint Colors to Use When You Sell Your House

What are the best paint colors to use when you sell your house? If you look online for recommendations to get a house ready for sale, experts want to hammer home how important paint is to selling your home. They say paint the front door and then move inside and paint all surfaces that were […]


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Buy House Kansas City

Posted by Amy Vochatzer // September 6, 2017

Buy House Kansas City

Get title insurance when you buy house Kansas City. Owning a home continues to be one of the most important parts of the American dream. But, having the deed or title to a piece of land does not necessarily mean the property is yours free and clear. Other people may have certain prior rights or […]


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Buying Down the Rate

Posted by Amy Vochatzer // August 30, 2017

Buying Down the Rate

According to Shashank Shekhar at The Balance, “Discount points are one of the most confusing aspects of the mortgage process for many borrowers. Discount points are fees specifically used to buy down your rate. On a settlement statement, discount points are sometimes labeled “Discount Fee” or “Mortgage Rate Buydown.” Usually, the practice of buying discount points is called Buying […]


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