How does the Kansas City Missouri foreclosure process work? Missouri is primarily a non-judicial foreclosure state, meaning lenders do not need a court order to sell your home. Once you are 120 days delinquent, the lender can initiate the Missouri deed of trust foreclosure timeline. They must provide a 20-day notice before the Jackson County MO foreclosure auction. Because there is no long-term redemption period after foreclosure in Missouri unless you follow strict, expensive bond requirements, the most effective way to stop foreclosure in Kansas City MO is to sell the property to a cash buyer like Huck Homebuyers before the auction date.
I remember talking to a gentleman from Raytown fairly recently. He spoke to me on the phone like he saw a haunted figure jump out of the shadows. But it wasn’t that. It was something that I think might be far more terrifying to most people. It was a “Notice of Sale” letter that had been sealed in a certified letter from his lender. I’ll never forget the words he said to me when he called my team at Huck Buys Homes:
“I can’t believe this is happening. I don’t know if I’m out of time. Is it too late to sell before the date of the auction?” The voice of his was wavering like he was running out of time and didn’t seem like he had any options. But I calmly assured him that while the letter of sale does indicate something about the Kansas City MO foreclosure process, it’s a race against the clock. But I told him that he doesn’t need to worry about it. He can simply sell the house to us and the auction will never happen.
Whether you have received the notice already or behind on the payments, I can help you get the house off your hands. Best of all, I don’t even care if the house isn’t in the best shape. You give my team and I a call and we’re there to do a lookover of the property and you get a cash offer. Simple as that.
I have heard plenty of homeowners assume that foreclosure involves long delays and court dates. In Missouri, that’s not true. If you bought your home, you likely signed a Deed of Trust instead of a traditional mortgage. The document is something called a “Power of Sale” clause. Here’s what it does:
Homeowners in Jackson County, Clay County, and Platte County have gone from notice to auction in just a few weeks. It can cost a lot on the wait alone. Huck Homebuyers can stop foreclosure from ever happening by purchasing your home before the auction ever happens. With that said, let’s take a look at the following steps of what goes on between now and the time of the auction.
Before the foreclosure even starts, you get a buffer thanks to federal law. I remind this to sellers who are behind on payments and want to sell before things get worse. When you fall behind on payments, the lender sends warning letters. At this point, you’re not in the public foreclosure records. But I highly suggest that you take action at this stage since this is your best shot to act quietly and strategically.
The reason why I say this is because once the foreclosure becomes public, that’s when you’ll see investors circling like buzzards. These are what I like to call “auction chasers”. And oh boy have I heard horror stories about them. Lowball offers because they know the deadline is looming. Speaking of which, I can give you a cash offer in Kansas City that is even better than these lowball offers. Those will scare off those auction chasers because it’ll be in Huck Homebuyer’s name after the deal is done.
Let me remind you of one other thing, you are still in control of the situation. At this point, you could list the property and negotiate with the bank. Or you can sell it fast to me and that’ll be the end of it. The last thing you need is for things to escalate.
Now, this step is going to be a bit more painful for someone reading this. It was for the man I was talking about earlier. In Missouri, you get a Notice of Sale at least 20 days prior to the auction date. Even worse, the notice is published in the local newspaper for that 20 day period. Right there, the situation becomes public record and it might be one of those embarrassing moments.
I don’t recall if your name is ever mentioned, but the address more than likely. If people are familiar with that address, you may be getting hit with phone calls and messages. On Day 18 I have people calling me thinking they still had options. But I tell them the only option they have left is to sell their Overland Park house (or wherever they may be) and get a cash offer now so we can stop the auction from happening.
Yes, even I witnessed the foreclosure auction myself. A homeowner failed to find a solution in time the auction would begin. Usually, this will take place on the Jackson County Courthouse Steps or inside the courthouse somewhere. No judge is present, just an auctioneer and investors fiercely bidding. I didn’t participate in this one auction I was at. I was just there to witness it.
I wasn’t sure who was the previous owner of the home. But my heart sank for them. The property is sold immediately after the gavel falls. The previous owner no longer owns it. Sadly, there’s no turning back. It was too little, too late. I hate seeing that happen and it’s one of the many reasons why I’m willing to give you a cash offer before the auction ever begins. We buy houses in Independence that are on the brink of foreclosure so you still have enough time if you act fast. Otherwise your home will be one of the foreclosure homes for sale in Kansas City.
Many homeowners have asked me whether or not they buy the house back later on. I tell them that while Missouri does have a redemption process, it doesn’t always work. And I say this realistically. The reason for this is that they need to file a Notice of Intent to Redeem, post a large bond, and repay the full amount within a certain time period. I hate to say it but I have never once seen someone successfully use this redemption period. For that reason, I highly suggest that you act before the auction as a way to protect your equity.
I’ll cut to the chase, if you just received the notice of sale then it’s too late for a traditional listing. The average closing time is 45 to 60 days. But remember, you have 20 days. Meaning you don’t have the time to get that all done. So what’s your only solution at this point that isn’t allowing the house to foreclose and go to auction? Sell it to us and avoid the whole thing. You don’t even have to pay the Missouri closing costs that you normally would in a traditional sense.
We buy your house in as little as 7 days, pay the bank in full, and the auction never happens. Your credit is still intact and you can get cash in your pocket. If that isn’t one of the most appealing offers that will save you financially in the future, I don’t know what is.
Yes you can stop foreclosure. But I highly recommend you move immediately. Instead of getting in contact with the lender to make a payment before the auction starts, you call Huck Homebuyers and we’ll perform the 15 minute property discovery and give you a cash offer. It’s a lot better than waiting minutes if not hours to sort things out with the lender. Plus, you probably won’t have enough for a minimum payment anyway.
We help homeowners across the metro area including Kansas City, Independence, Raytown, Lee’s Summit, Blue Springs, and Gladstone. If you’re near this coverage area, we’ll be glad to help you out.
I say the sooner you get in contact with my team and I at Huck Homebuyers, the better. I highly suggest not waiting until the last day. But I will do my best to make sure you get a cash offer in time before the foreclosure and auction happens.
If you have a home that is about ready to be foreclosed, the clock is running out of time faster than you think. I don’t want you to wait until the last minute. If you’re behind on payments by 120 days or if there’s a Notice of Sale in your hand right now, get in contact with us here at Huck Homebuyers. Let my team and I perform a 15 minute property check and give you a cash offer that is fair for you. Save your long-term financial standing and give us a call now.
