Rush Properties have served homeowners facing foreclosure.
According to Travis Jones, Rush Properties have served homeowners facing foreclosure for over 15 years. In Kansas and Missouri, Travis Jones, Rush Properties and have worked with hundreds of homeowners at all stages of the foreclosure process and offer the following truth about foreclosures.
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First, begins Travis Jones of Rush Properties, foreclosures don't only happen in poor areas. In fact, according to RealtyTrac, the biggest increases in foreclosure rates are amongst the $1MM-$2MM+ homes right now. Almost every neighborhood across the country has experienced some level of foreclosure activity, confirms Travis Jones. Rush Properties has worked with homeowners in the toniest areas of Kansas, to the poorest.
Travis Jones, Rush Properties owner continues, foreclosed homes are not all in serious disrepair. Many people think that foreclosed properties have been stripped of their plumbing or worse, but this is overwhelmingly not the case, comments Travis Jones of Rush Properties. A majority of foreclosed properties only require cosmetic fixes. People who face foreclosure have pride in their homes, just like everyone else, Travis Jones of Rush Properties reminds readers.
By the same token, notes Travis Jones of Rush Properties, buyers should not be looking for bargain basement deals on foreclosed homes. While banks will price their homes to sell, explains Travis Jones of Rush Properties, they are still in the business of making money and recouping their losses. If a foreclosed home has been on the market for some time, the bank may be more willing to move, advises Travis Jones, Rush Properties founder.
People also imagine foreclosures lead to blighted neighborhoods, suggests Travis Jones of Rush Properties. The fact is, many investors, like Travis Jones, Rush Properties, purchase foreclosed homes, renovate them, and improve the homes. At the same time, foreclosures may impact appraisal values of comparable homes, explains Travis Jones. Rush Properties has found that foreclosures in the neighborhood now factor into home appraisals, when in the past they have been excluded.
Many think foreclosure is quickas if the bank comes in one day, and the homeowner is evicted by week's end. This is simply not the case, notes Travis Jones. Rush Properties has seen the foreclosure process take months, even years to finalize. This lengthy process can be a good thing for homeowners looking for alternative options for getting out of their mortgage, explains Travis Jones, Rush Properties founder.
Travis Jones, Rush Properties founder, tells homeowners facing foreclosure to take heart: being foreclosed doesn't mean never owning another home. Yes, it may take three to five years to be qualified to buy again, but foreclosure is not a home-buying death sentence, confirms Travis Jones of Rush Properties.
Travis Jones started Rush Properties in Olathe, Kansas to meet the needs of homeowners facing foreclosure. When not aiding homeowners, Travis Jones of Rush Properties enjoys volunteering, gardening, and spending time with his wife and three children. To learn more about Travis Jones, Rush Properties and Cherry Park Properties, visit cherryparkproperties.com.
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Posted in Real Estate Post Date 10/17/2015