What Happens to Equity in a Foreclosure in Kansas City?

What Happens to Equity in a Foreclosure in Kansas City?


Home equity is a fickle thing that has many factors, but what happens when you foreclose on your home? Do you lose your equity? Does the bank take all of your money? In the end, if you have equity on the home, you get to keep it, but there are a few catches.


What is Equity?


What is equity anyway? Here is a dumbed down explanation of it. Let’s say you buy a house that values at $250,000. When you bought the house, you put $50,000 on it, this means your equity on the house is $50,000. So, in other words, if you were to sell the home today, you would make $50,000 back and the remainder would go towards the mortgage. As you make payments on your mortgage and the market value of your home remains the same, you will gain more equity in your home.


When You Foreclose, You Still Get Your Money


Alright, let’s talk through a scenario. You bought a house 15 years and got a 30-year mortgage. You lost your job six months ago and have fallen behind on your payments. You decide that foreclosure is the best option for you.


You have a bunch of equity on the home and the value of your home has slowly increased over the last 15 years. So, let’s say you bought it for $200,000, and now it values at $265,000. You have been a faithful mortgage payer for 15 years and only owe just over $120,000 on the home. Well, that means you have $145,000 in equity on the home.


Now that you are foreclosing though, don’t you think you should get that money back? It would only make sense.


Fees Can Hurt

Alright, first off, because you are so behind on your mortgage, you have late fees. Those end up affecting your equity. With those fees affecting the equity, your equity will start to decrease. So, if we use the above scenario, let’s say those late fees equated to $10,000. You now only have $135,000 in equity.


On top of those fees, the process of foreclosing actually costs money too. So, you start to lose more and more of your equity. This could be upwards of $20,000, leaving you with only $115,000 in equity.


The Home Appraisal


When a home goes up for foreclosure, the lender will often take the lowest appraised values. This way they can sell the home quickly. So, let’s say the lowest appraised value of your home ends up being $250,000 now. Well, that is a $15,000 decrease in your equity. You are looking now at $100,000 in equity.


On top of that, the lender usually will take an offer of only 90% of the appraised value so that they can sell the home quickly. So, the house then sells for $225,000. This would leave you with only $75,000 in equity.


Another Option


As you can see, you just lost half of your equity by going forward with your foreclosure. But, what if we told you there was another way? Sell your home to us. We will pay cash for it. There are no fees or commission paid to us. We buy any house in any condition. Fill out the form below or call us at 316-536-0132 to get your cash offer.

Recent Posts

Give Us A Call Today

316-536-0132 or


  1. Французские натяжные потолки с давних пор вытеснили прочие виды ремонта. Сегодня это обусловленно несколькими вариантами их сильных сторон. Промеж основополагающих можно выделить лёгкий уход, недорогую расценку и слишком много иных. Рассмотреть фотоснимки поливинилхлоридных потолков в интерьере жилых помещений и также индивидуальных коттеджей Лично вы можете на вэб страничке интернет-ресурса от специализированной компании Комфорт кривой рог – Натяжные французские потолки кривой рог https://potolki.kr.ua/

  2. Натяжной потолок в зале лучше всего-навсего смонтировать с лаковой поверхностью. Такая фактура добавит нарядности и торжественности отделанной комнате. Увидеть фото установленных потолков в гостиной Вы сможете на ресурсе Натяжные потолки с установкой кривой рог https://potolki.kr.ua/%d0%bf%d0%be%d1%82%d0%be%d0%bb%d0%be%d0%ba-%d0%b2-%d0%b7%d0%b0%d0%bb-%d0%b3%d0%be%d1%81%d1%82%d0%b8%d0%bd%d1%83%d1%8e/

  3. Плёночные натяжные потолки с незапамятных времен вытеснили остальные типы внутренней отделки. Это сегодня обусловленно целым рядом их сильных сторон. Середи главных выделяют удобность, доступную цену и полным-полно других. Рассмотреть фотографии таких потолков в интерьере жилых помещений а также личных сооружений Вы лично можете на странице выдачи ресурса от компании поставщика Кривой рог комфорт: Натяжные тканевые потолки кривой рог цены https://potolki.kr.ua/

  4. Выявляем Ортопедический матрас. Время отдыха – единственное, при котором тело максимально восстанавливается, а наилучшим способом его полного расслабления становится положение лежа. При этом требуется, чтобы спина, конечности или шея не были в положении давления мягких тканей или испытывали давление вследствие неразумной позы или несимметричности давления на разносторонние участки позвоночника со стороны соприкасаемой поверхности опоры. Организовать должные условия релаксирования возлагаются на ортопедические матрасы. На какие моменты подбора покупатели обязаны учитывать, ознакамливайтесь на странице: Ортопедические матрасы кривого рога https://ortopedicheskij-matras-krivoj-rog.kr.ua/

  5. overcrowding Poor filtration or especially no filtration common with Bettas kept in bowls High ammonia, nitrite, nitrate levels Unstable pH High amounts of organic decomposition often in the gravel or filters. doxycycline teeth

  6. Tamoxifen, and anti estrogen, was found to exert distinctly estrogenic effects during treatment of post menopausal women what is lasix 5 resulted in increased number of labeled cells

  7. สล็อตฝากถอนวอเลทเว็บไซต์ตรง ไม่ว่าผู้เล่นหรือนักเสี่ยงดวงท่านใดจะมีทุนกี่บาท ทุกคนก็สามารถลงทะเบียนสมัครสมาชิกเข้าใช้บริการพนัน pg สล็อตเว็บไซต์ตรงกับทางเว็บของพวกเราได้

  8. Under current IRS rules, an exchange from one type of cryptocurrency to another type of cryptocurrency is not a like-kind exchange, and therefore, any gains are taxable as income. Of course, a sale of a cryptocurrency asset, in which you convert the asset to cash trading into another cryptocurrency, is also a taxable event. Additionally, when you use cryptocurrency to make a purchase, this purchase transaction also creates a taxable event. Hopefully, in the future, more of the world can come to a consensus on how cryptocurrencies should be regulated (if they can be regulated at all) and how crypto-taxation can be enforced. Until then, we are in an unknown territory, and it is best to keep yourself as safe as possible. The short answer to this question is “it’s a good idea.” When a business accepts cryptocurrency as payment for goods and services, the transaction must immediately be recorded as income using the fair market value of the cryptocurrency on the date of receipt. Technically, you are not obligated to exchange or convert the cryptocurrency into U.S. dollars immediately. However, if you do not do so, and the value of the crypto goes up, you could find yourself having to pay both income taxes as well as reporting and having to pay taxes on capital gains when the currency is ultimately converted into dollars or used to pay for business expenses. If the value goes down before you convert it, declaring the loss can be complicated.
    If you’d rather invest in companies with tangible products or services and that are subject to regulatory oversight—but still want exposure to the cryptocurrency market—you can buy shares in companies that use or own cryptocurrencies and the blockchain that powers them. You’ll need an online brokerage account to buy shares in publicly-listed companies such as: Now that you have the first step to crypto trading down (aka buying crypto assets), you’re poised to be a real crypto investor. See? It wasn’t that hard. All it takes is a bit of cash, a healthy dose of due diligence, and a crypto trading platform that’s on your side. Cryptocurrency trading and execution services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software license agreement between Apex Crypto LLC and Stash Financial, Inc. Apex Crypto is not a registered broker-dealer or a member of SIPC or FINRA and is licensed to engage in virtual currency business activity by the New York State Department. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Advisory products and services are offered through Stash Investments LLC, an SEC registered investment adviser. Cryptocurrency is a highly volatile investment; please ensure that you fully understand the risks involved before trading crypto. Visit apexcrypto.com/legal.

  9. VCLA, Inc. assists low-income clients that need free access to an attorney. This information was prepared to give you some general information on the law. It is not intended as legal advice about any particular problem. If you have questions about the law you should consult a lawyer. If you do not know a lawyer, you can call the South Carolina Bar Lawyer Referral Service weekdays between 9 a.m. and 5 p.m. The number is 799-7100 in Richland or Lexington Counties, and 1-800-868-2284 from other parts of the state. Idaho Legal Aid Services, Inc. Stay connected! Follow on Facebook LinkedIn Serving the Wisconsin Supreme Court and State of Wisconsin When you seek the assistance of a trusted Tempe family law attorney…. Idaho Legal Aid Services, Inc.
    37 direct, 8 general Gordon & Rees opened its 72nd office in Spokane, Washington in October of 2021. The attorneys in the Spokane office work closely with our other offices in the Pacific Northwest and collaborate with Gordon & Rees attorneys across all 50 states. The firm’s national platform was designed to meet clients’ needs across the country.  February 19, 2020 314.878.5600 It’s an advanced lawyer augmentation system delivered in the form of a knowledge graph. The ranking shows Pond Lehocky’s impressive growth over the last several years. The firm has evolved from a single office with 22 employees to numerous offices with about 250 employees nationwide. It has become Pennsylvania’s largest workers’ compensation firm, with the most certified workers’ compensation attorneys in the state. It also boasts a national Social Security disability practice that has helped more than 35,000 clients across the country.

  10. Millions of people rely on their convenience of online reservations at low prices at all times. You can book tickets for domestic, international flights, trains, buses, get three-star, or even five-star hotel reservations instantly with a few clicks of the mouse. It is a pleasure to have that power in our hands! Travel with corporate rates on flights and hotels, get free data change and free cancellation under my biz. You can connect with myBiz anytime and anywhere for all your business travel needs through the Makemytrip app. Also, come across various Makemytrip coupons and discount codes on our portal.  Any queries or suggestions can be offered on the Make My Trip toll-free line which is 1-800-11 8747 from MTNL/BSNL phones and 1-800-102 8747 from all other networks. The Make My Trip head office is located at :
    Here are 15 of the best cities for weekend getaways in the USA. It’s hard to think of a lovelier seaside spot than Whitstable. Kick off a day there at Blueprint Coffee and Books with a pot of something strong and ethically sourced (and maybe a mini orange-and-rosemary bundt cake). Next, rent a bike from Whitstable Cycle Hire and pedal your way along the five-mile seafront Oyster Bay Trail. And for lunch? Oysters, of course – watch them being shucked in front of you at The Forge. Stay on the beach for a drink as the sun sets: Whitstable is one of the few in the UK with a pub, the Old Neptune, right on the shingle. Why a girls’ holiday is best later in life рџљ— How to get there: 1.5 hours by car from El Paso and 3.5 hours by car from Albuquerque☀️ Best time to visit: March to May and September & October for the best weather

  11. Confirming other studies, we found that in all patients and in hormone therapy treated patients, TP53 wild type status conferred superior 5 year overall survival, but survival curves crossed at 10 or more years viagra vs cialis

  12. รีวิว bozz777ครับ ผมเป็น AI ที่ถูกสร้างขึ้นเพื่อช่วยให้คุณได้รับความช่วยเหลือและคำแนะนำในการเขียนบทความภาษาไทย PG SLOT

  13. เว็บสล็อตออนไลน์ ล่าสุด อัพเดทใหม่ทั้งระบบ ezslot22

Leave a Comment