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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 didn’t bring things current. You can’t […]

You may have heard about buying a house subject to, especially in a rising interest rate environment. Using subject to is also a way that a real estate investor can save the credit of a homeowner spiraling into financial difficulties. What is buying a house Subject To? Buying “subject to” means buying a home subject to the existing mortgage. […]

What is a mortgage short sale in Kansas City? Isn’t that what happens when you come up short on a mortgage payment? Perhaps it is selling your house with only a short time left on your mortgage. Actually, a Mortgage short sale occurs at the sale of property by a financially distressed borrower for less than the […]

I had a conversation with a friend recently. He tells me that he graduated from college, got his first job, and married.  “My wife and I figured out how to save for our first house.  Our first house was about 2,000 square feet, two story 2BR, 1BA house, and the house cost $14,250. We put […]

Of all the reasons to sell the Four Ds dominate. The four Ds are Death in a family, too much Debt, Downsizing in Kansas City after the kids leave home, and Divorce. We hadn’t thought too much about downsizing until a friend’s mother decided to sell the big house after her husband died. Imagine the […]

Two weeks ago,  we defined the FICO 9 Credit Score and explained how calculations result in the FICO credit scores.  If you recall, FICO credit scores run from 300, considered the highest risk of default, to 850, the lowest risk. Now, Bernice Ross at INMAN tells us that FICO is a Big Fake. Did you […]

Get Title Insurance when you buy house in 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 […]

The Fair Isaac Corporation (FICO) has changed the way in which they calculate your credit score.  The new credit scoring system, called FICO 9 Credit Score, is a tongue twister. It went into effect in 2014.  However, it wasn’t until banks starting using the new score in mass that Fair Isaac made the new formula […]

Some people ask how to sell a house privately, without the help of a real estate agent, according to the Citizens Advice Bureau. Some might say you’re a fool to represent yourself in court. I sigh when I hear that a homeowner is going to sell their home by themselves. Consider whether you can present […]

There’s good news if you want to sell your Kansas City home. “Even as it seems the market can’t get any tighter, the inventory of homes available for sale in the Kansas City area continues to fall. With multiple offer situations becoming increasingly common, it appears that we have transitioned into a sellers’ market, at […]