Stop Foreclosure Wichita, KS
The Blues Brothers Real Estate Team can help Stop Foreclosure and Save your credit
View the Shortsale Video in the Left column!!
Blues Brothers Short Sale FAQs
Who Am I Dealing With?
The Blues Brothers Real Estate Team are the premier short sale team in the Wichita area, specializing in helping homeowners that owe more against their home than it is currently worth—selling their home without bringing any money to closing. We specialize in the negotiation process with banks. We started working short sales over 10 years ago and since that time we have successfully closed on more than 95% of our short sale transactions —a number unmatched in the Wichita area. Homeowners hire us because they understand the value that we offer. This value comes from our experience, results, and process.
What Short sale Experience Do We Have?
As a team, the Blues Brouthers Realty team has more than ten years experience in negotiating and successfully closing short sales. We got our start negotiating short sales as investors, and in recent years we have begun negotiating files for clients. All of the Short sale negotiation is done “in-house.”
What Results Are We Getting?
Nearly 50% of our business is currently short sales. We have numerous short sale listings at any given moment. More than 95% of our short sale listings successfully close. While we will never guarantee that we can close every short sale (and we think you should be really leery of anyone that tells you they can), we strongly believe that if it is a deal that can be done, we will get it done!
Why Choose a Short Sale?
Comparison of Foreclosure vs. Short Sale
|
|
Foreclosure |
Short Sale |
|
Credit Score Damage (based on agent reports) |
250 points or more |
150 points or less (NOTE: credit monitoring agencies may change policy on score modification) |
|
Mark Against Your Financial Record |
Permanent record at county courthouse |
Drops off credit scoring system after 7 years |
|
Time to Qualify to Buy Again (FNMA) |
5–7 years |
2 years |
|
Down Payment on Future Purchase (FNMA) |
10 percent or greater, Most likely 20 percent |
Less than 10 percent |
Facts about Short Sale and Foreclosure
Many people do not realize there are many options to stop foreclosure and save their credit. The Blues Brothers Real Estate Team is ready to help you stop foreclosure and save your credit!
The Blues Brothers Real Estate Team at Keller Williams Hometown Partners is family team of Jeff, Jason and Jamey Blubaugh. They have been helping clients save their credit and avoid foreclosures for years. Through their experience they have learned the ins and outs of dealing with lenders and help put the homeowner in control rather than the bank.
If you owe more on your home than current market value or you face possible foreclosure; the Blues Brothers can negotiate a short sale with your lender. A short sale is when you sell your home for less than what is owed and the bank absorbs the difference. For example, you owe your mortgage company $200,000 and you sell your home for $150,000; the remaining $50,000 can be negotiated as a write off for the bank.
According to Jamey Blubaugh with the Blues Brother Team, Short sales make up about 50% of their overall business. The cost of a foreclosure for the bank can vary between $20,000 and $50,000 for legal fees, property management and other fees associated in the foreclosure process. Many mortgage companies will work with home owners to curtail their financial losses.
A short sale itself has minimal affects on your credit report in comparison to a foreclosure which can drop your FICO score from 200 to 400 points and will generally show up on your credit report for 10 years.
The Blues Brothers can get your home on the market within 4 hours of meeting with you and put our aggressive internet marketing to work for you; all with no upfront cost.
The Blues Brothers are a family team that offers over 20 years of combined real estate experience, backed by Keller Williams Hometown Partners.
Stop foreclosure and save your credit regardless of your current situation. A foreclosure can stay on your credit report for several years. Almost any situation can be successfully resolved. We are very knowledgeable of the foreclosure process with first hand experience in the following areas:
* Investors waiting to make an offer on your home
* Short payoffs
* Sheriff & Tax Sales
* Transfer of redemption rights
* Selling Incentives to you for mortgage payoff
Let us assist you in finding a solution today!
If you need a real estate team that delivers fast results or if you have additional questions about short sales call the Blues Brothers at 316-640-0656
