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| Missouri Broker Disclosure It's The Law! This disclosure is to enable you,a prospective buyer, seller, tenant or landlord of real estate, to make an informed choice BEFORE working with a licensee. ALL licensees are required to provide this information PRIOR to gathering proprietary information from a customer. |
| Click on the Image for a downloadable PDF of the Missouri Broker Disclosure Form |
At Whiteaker Realty, LLC we
believe in and adhere to the Federal
Fair Housing Laws. We ask that
you join us in working to make sure
that everyone has the opportunity to
experience the joys of home owner-
ship! Briefly, the law states;
In the Sale and Rental of
Housing: No one may take any of
the following actions based on race,
color, national origin, religion, sex, familial status or
handicap:
Refuse to rent or sell housing
Refuse to negotiate for housing
Make housing unavailable
Deny a dwelling
Set different terms, conditions or privileges for sale or rental
of a dwelling
Provide different housing services or facilities
Falsely deny that housing is available for inspection, sale,
or rental
For profit, persuade owners to sell or rent (blockbusting) or
Deny anyone access to or membership in a facility or
service (such as a multiple listing service) related to the
sale or rental of housing.
For more information go to www.hud.gov
believe in and adhere to the Federal
Fair Housing Laws. We ask that
you join us in working to make sure
that everyone has the opportunity to
experience the joys of home owner-
ship! Briefly, the law states;
In the Sale and Rental of
Housing: No one may take any of
the following actions based on race,
color, national origin, religion, sex, familial status or
handicap:
Refuse to rent or sell housing
Refuse to negotiate for housing
Make housing unavailable
Deny a dwelling
Set different terms, conditions or privileges for sale or rental
of a dwelling
Provide different housing services or facilities
Falsely deny that housing is available for inspection, sale,
or rental
For profit, persuade owners to sell or rent (blockbusting) or
Deny anyone access to or membership in a facility or
service (such as a multiple listing service) related to the
sale or rental of housing.
For more information go to www.hud.gov
| TELL US WHAT YOU'RE LOOKING FOR... WE'LL FIND IT FOR YOU! New properties arrive on the market daily and we can make sure you are the FIRST to know about them! Just complete the information and we will send you properties as they come available! |
SORTING IT OUT...
There are several terms that have recently become predominate in the real
estate industry. While they have always been around, the recent changes
in the economy have brought them to the forefront of attention and we
know a lot of people would like to know more.
To help you better understand these terms we have provided a quick
glimpse into what they are and how they may be of interest to you. To take
advantage of these or other great programs that exist, please contact us
today!
There are several terms that have recently become predominate in the real
estate industry. While they have always been around, the recent changes
in the economy have brought them to the forefront of attention and we
know a lot of people would like to know more.
To help you better understand these terms we have provided a quick
glimpse into what they are and how they may be of interest to you. To take
advantage of these or other great programs that exist, please contact us
today!
-SHORT SALE
A homeowner finds that they
just aren't going to be able to
continue to make the payments on
their home. They realize that this
means they are going to lose the
property and it will likely cause
serious damage to their credit and
future ability to get credit. In many
cases they have tried to sell the property but they find they simply can't get
enough to pay off the loan... What are they to do?
This is where a "short sale" becomes a possibility. Prior to the lender
going through the expensive and time consuming process of foreclosing on
the home and then having to try and manage the sale of the property, the
owner makes arrangements with the lender to offer the property on the
terms of a "short sale". This simply means the lender will considering
accepting less for the property than is owed.
How do the Homeowner and Lender Benefit?
In most cases when this arrangement is approved by the lender, the
homeowner will suffer less damage to their credit. This means that they will
be able to recover their "credit-worthiness" sooner and with less problems
than if they were to let the property simply go back. The lender knows they
will be faced with having to take over the care and maintenance of a vacant
property, be subject to various legal fees to cover the foreclosure process,
and then have to oversee the sale of the property. If they can facilitate a
sale of the property before the foreclosure, it may be that they will actually
save money in the long run.
How do YOU benefit?
In most cases these properties are still in good condition, the ownership will
go directly to you from the owner and you are buying a property at a very
good price. There is generally less repair and up-front costs to you.
A homeowner finds that they
just aren't going to be able to
continue to make the payments on
their home. They realize that this
means they are going to lose the
property and it will likely cause
serious damage to their credit and
future ability to get credit. In many
cases they have tried to sell the property but they find they simply can't get
enough to pay off the loan... What are they to do?
This is where a "short sale" becomes a possibility. Prior to the lender
going through the expensive and time consuming process of foreclosing on
the home and then having to try and manage the sale of the property, the
owner makes arrangements with the lender to offer the property on the
terms of a "short sale". This simply means the lender will considering
accepting less for the property than is owed.
How do the Homeowner and Lender Benefit?
In most cases when this arrangement is approved by the lender, the
homeowner will suffer less damage to their credit. This means that they will
be able to recover their "credit-worthiness" sooner and with less problems
than if they were to let the property simply go back. The lender knows they
will be faced with having to take over the care and maintenance of a vacant
property, be subject to various legal fees to cover the foreclosure process,
and then have to oversee the sale of the property. If they can facilitate a
sale of the property before the foreclosure, it may be that they will actually
save money in the long run.
How do YOU benefit?
In most cases these properties are still in good condition, the ownership will
go directly to you from the owner and you are buying a property at a very
good price. There is generally less repair and up-front costs to you.
-HUD ACQUIRED PROPERTIES
Many loans that are provided to
home buyers are "insured" by
various government programs.
Ultimately these programs rely
upon assistance by HUD for the
funding and insurance to the
lenders guaranteeing recovery of
all or at least a portion of the initial
funding should the home buyer fail to pay as agreed. When this occurs,
these properties are acquired by HUD and are made available for purchase
by others.
There are special criteria for the purchase of these HUD Acquired
properties and the purchase transactions are required to be prepared by
Real Estate Brokers that are specially qualified to handle those
transactions. Whiteaker Realty, LLC is proud to be among those Brokers
who are certified to handle such transactions.
While somewhat paperwork intense, we have found these properties and
the dealings with the HUD related entities to be straightforward and easily
completed.
How are HUD Properties different than other foreclosures?
Primarily, since we deal directly with the agency charged with disposition of
these properties the information flows smoothly, accurately and without
confusion. There are certain criteria that must be met and you should
contact us prior to starting your search for a HUD acquired property. We
highly encourage people to look at these properties when available.
Our experience has shown that HUD Acquired properties will often require a
bit more "fix-up" than most Short Sales, and maybe a bit more than typical
bank foreclosure properties, but they are also generally better "buys" in the
long run, especially for certain buyer categories! GO HERE FOR MORE...
Many loans that are provided to
home buyers are "insured" by
various government programs.
Ultimately these programs rely
upon assistance by HUD for the
funding and insurance to the
lenders guaranteeing recovery of
all or at least a portion of the initial
funding should the home buyer fail to pay as agreed. When this occurs,
these properties are acquired by HUD and are made available for purchase
by others.
There are special criteria for the purchase of these HUD Acquired
properties and the purchase transactions are required to be prepared by
Real Estate Brokers that are specially qualified to handle those
transactions. Whiteaker Realty, LLC is proud to be among those Brokers
who are certified to handle such transactions.
While somewhat paperwork intense, we have found these properties and
the dealings with the HUD related entities to be straightforward and easily
completed.
How are HUD Properties different than other foreclosures?
Primarily, since we deal directly with the agency charged with disposition of
these properties the information flows smoothly, accurately and without
confusion. There are certain criteria that must be met and you should
contact us prior to starting your search for a HUD acquired property. We
highly encourage people to look at these properties when available.
Our experience has shown that HUD Acquired properties will often require a
bit more "fix-up" than most Short Sales, and maybe a bit more than typical
bank foreclosure properties, but they are also generally better "buys" in the
long run, especially for certain buyer categories! GO HERE FOR MORE...
-TYPICAL BANK FORECLOSURES
There are a lot of misconceptions about buying "foreclosures". Mostly we
find that people think they are buying the property "on the courthouse
steps", when in fact that isn't the case. These properties are homes that
have already gone through the "courthouse step" phase and are now owned
by the lender who foreclosed on the property or their "Real Estate
Ownership" (REO) division who is then charged with the dispensation of the
"asset" or "asset recovery". Their goal of course, is to sell the property and
recover as much of their investment as possible.
Sounds good... are there good buys on these?
Yes. There are definitely some excellent opportunities that exist in purchasing the bank owned properties. The
problems that we encounter stem from the general confusion in the process. We have encountered a surprising
number of institutions that almost seem to go out of their way to make the transaction difficult when you would think
that they would be just the opposite.
Make the transaction difficult?...
Yes. We find that often we are dealing with a representative who has little or no real access to the owner which
causes a serious communication issue. These transactions can be aggravating and sometimes frustrating due to
this communication difficulty. Just as frequently we find the paperwork relating to the process additionally frustrating.
So are you suggesting we may not want to look at foreclosures....
NO... by all means these homes are often EXCELLENT values and are an OUTSTANDING way to purchase. We just
want to make sure all of our clients are properly prepared for some of the things they may encounter along the way.
Our expertise and experience will give you the edge you need to take advantage of these great opportunities.
Previously you mentioned buying these "on the courthouse steps"... can we?
Yes. That is an entirely different investment method. You have to either have cash or a prearranged credit line with
someone who will back your purchase the day you make it. You are also at risk to discover all of the outstanding title
issues and problems that may exist. In addition, there are several people who have businesses who specifically buy
these properties, you will have to be prepared to compete with them for such purchases. It can be done, but
sophistication and knowledge are going to be your most important qualifications! Before you select this as your goal,
we strongly suggest you acquire the services of knowledgeable legal counsel, as well as sophisticated financing and
accounting sources.
There are a lot of misconceptions about buying "foreclosures". Mostly we
find that people think they are buying the property "on the courthouse
steps", when in fact that isn't the case. These properties are homes that
have already gone through the "courthouse step" phase and are now owned
by the lender who foreclosed on the property or their "Real Estate
Ownership" (REO) division who is then charged with the dispensation of the
"asset" or "asset recovery". Their goal of course, is to sell the property and
recover as much of their investment as possible.
Sounds good... are there good buys on these?
Yes. There are definitely some excellent opportunities that exist in purchasing the bank owned properties. The
problems that we encounter stem from the general confusion in the process. We have encountered a surprising
number of institutions that almost seem to go out of their way to make the transaction difficult when you would think
that they would be just the opposite.
Make the transaction difficult?...
Yes. We find that often we are dealing with a representative who has little or no real access to the owner which
causes a serious communication issue. These transactions can be aggravating and sometimes frustrating due to
this communication difficulty. Just as frequently we find the paperwork relating to the process additionally frustrating.
So are you suggesting we may not want to look at foreclosures....
NO... by all means these homes are often EXCELLENT values and are an OUTSTANDING way to purchase. We just
want to make sure all of our clients are properly prepared for some of the things they may encounter along the way.
Our expertise and experience will give you the edge you need to take advantage of these great opportunities.
Previously you mentioned buying these "on the courthouse steps"... can we?
Yes. That is an entirely different investment method. You have to either have cash or a prearranged credit line with
someone who will back your purchase the day you make it. You are also at risk to discover all of the outstanding title
issues and problems that may exist. In addition, there are several people who have businesses who specifically buy
these properties, you will have to be prepared to compete with them for such purchases. It can be done, but
sophistication and knowledge are going to be your most important qualifications! Before you select this as your goal,
we strongly suggest you acquire the services of knowledgeable legal counsel, as well as sophisticated financing and
accounting sources.
-SO WHAT IS THE BOTTOM LINE?
In most cases, we find our clients are simply trying to get the best buy possible on their home.
We've found that they don't really care if it is a foreclosure, short sale, HUD... what really matters the
most is that it is the home they want for their family, and they are able to get it at a price that best
fits their budget. That is exactly how your Whiteaker Realty agent is going to handle your needs.
We have the knowledge and resources to help you find the home you want be it a foreclosure
or not.... you know, often there are homes that are available that are neither foreclosures, short
sales, or HUD properties and they are still GREAT BUYS!
-FOR THE INVESTMENT MINDED...
When it comes to the investor looking for a "fixer-upper" to sell at a profit or a shopping center for
commercial rental, we have the knowledge, experience and connections to help you get the investment you are
hoping to put in your portfolio. Simply contact us via the web, complete the information below, or give us a call at
636-464-3700 and we'll get the ball rolling for you TODAY!
In most cases, we find our clients are simply trying to get the best buy possible on their home.
We've found that they don't really care if it is a foreclosure, short sale, HUD... what really matters the
most is that it is the home they want for their family, and they are able to get it at a price that best
fits their budget. That is exactly how your Whiteaker Realty agent is going to handle your needs.
We have the knowledge and resources to help you find the home you want be it a foreclosure
or not.... you know, often there are homes that are available that are neither foreclosures, short
sales, or HUD properties and they are still GREAT BUYS!
-FOR THE INVESTMENT MINDED...
When it comes to the investor looking for a "fixer-upper" to sell at a profit or a shopping center for
commercial rental, we have the knowledge, experience and connections to help you get the investment you are
hoping to put in your portfolio. Simply contact us via the web, complete the information below, or give us a call at
636-464-3700 and we'll get the ball rolling for you TODAY!
| DO NOT WAIT... CALL US NOW AT 636-464-3700 THESE PROPERTIES GO QUICKLY AND DON'T FORGET; 1. $8000 TAX CREDIT FOR FIRST TIME HOME BUYERS THAT YOU CAN GET NOW! 2. VERY LIMITED $15,000 FREE "GRANT" FOR PURCHASING A FORECLOSURE CALL NOW OR CONTACT US |
TO GET FINANCING PRE-APPROVED
NOW!
NOW!
