Wichita County, KS Real Estate News

The moratorium implemented by a number of lenders on the sale of distressed properties is not exactly welcome news to home sellers and buyers in Wichita, Kansas. According to local realtors, the freeze is not being seen as a form of foreclosures help, even by homeowners threatened by foreclosure. Realtors report that the temporary suspension imposed on the sale of foreclosed properties have left hundreds of distressed dwellings waiting for purchase agreements to be closed while they continue to deteriorate and lose value. For homeowners facing foreclosures, most of them have admitted that the freeze will only be temporary and that they will still likely lose their properties unless they find an alternative agreement. A considerable percentage of Wichita housing industry is affected by ...
Comments 0
Explore Wichita County, KS
View all cities
Wichita County, KS Real Estate Professionals