March 08, 2010 at 09:18 AM · Posted under Kelly Kuchta
Contact The Kuchta’s Kelly and Colleen with Shorewest Realtors for a free consultation on Short Sales in Milwaukee, Waukesha, Washington or Ozaukee counties. We specialize in Short sales and will perform a free evaluation to determine if conditions exist for a short sale, loan modification, forbearance or other acceptable workout solution.
The Kuchta’s will prepare a comprehensive short sale package containing the required documents to be delivered to the lender. We aggressively market the property to generate the best possible purchase offers.
When the lender approves the terms and conditions of the short sale, The Kuchta’s move forward with the closing of the sale between the owner and new buyer. We then negotiate the terms of the short sale with the lender. These terms may include the sale price, closing costs and more.
For more information or would like to set up an appointment, call or email The Kuchta’s Kelly & Colleen at 414-651-1613 or kkuchta@shorewest.com.
February 01, 2010 at 10:46 AM · Posted under Glenn Hanon
This quick video gives some reasons why walking away from your home may not be a good idea. The financial impact of a foreclosure decision can negatively impact your credit for the next 5-7 years. Short sales are longer and can be more difficult routes, however the negative impact can be as little as 2 years on your credit. Take a look at the video and decide for yourself. If you find yourself in this situation feel free to call me and we can discuss your options.
January 15, 2010 at 02:27 PM · Posted under Glenn Hanon
Wisconsin has generally fared better than the rest of the country due to our more conservative roots when it comes to wild spending and reckless mortgages. However according to a recent report by Realty Trac, Wisconsin has had a bumpier road than what we would expect. Nevada, Arizona & Florida are the top three states with the biggest issue in the foreclosure arena. Our neighbor to the south, Illinois comes in at #9 on the list of states with severe problems and the cheesehead state ranks #19! I was surprised by this factoid. According to the report over 35,000 properties received filings for foreclosure in 2009. That is up 78% over 2008 and 190% over 2007. For the savvy buyer today who buys real estate, the stories around the water cooler in five years will be, “I wish I would have bought in 2010, what was I thinking?” Interest rates are still very low and the inventory is perfect!
April 16, 2009 at 04:00 AM · Posted under Glenn Hanon
In Wednesday’s edition of the Wall Street Journal the paper pointed to an ominous sign on the horizon with respect to foreclosures across the United States. You can read the full article here. According to Kerry Grace the articles author, many of the larger banks voluntarily suspended some of their foreclosure processes while they awaited the bailout money. The resumption of the foreclosure process could add an extra burden to the already soft real estate market. If you find yourself in an otherwise difficult situation and foreclosure may be your final option, wait. There are some other alternatives that we can discuss before you throw in the towel that will not only protect your credit score but can make it less difficult to buy another home. If you would like an honest evaluation of your home and the net that you will receive from a sale, call Glenn Hanon at 262-567-4349 or email me at ghanon@shorewest.com. I may not be able to keep you from the foreclosure process, but we can evaluate your situation and give you the best road to travel on.