Mortgage Matters

Our country is in a real crisis right now. We are suffering from an over-built, over-leveraged, and "over-credited" industry. The housing market has carried the economy for the last several years. Home ownership has been at an all-time high. Builders, developers, bankers, mortgage companies, finance companies, etc. have all benefited from this surge in home ownership.

However, this "great run" has come at a price. In an effort to "feed the monster", the consumer was given more options than ever. The consumer that was maybe two or three years away from purchasing a house or the consumer that was maybe two or three years from purchasing their dream home was given an immediate opportunity. Suddenly, delaying gratification was a thing of the past. There are currently millions of consumers in a house that they simply can not afford and the house they currently are living in may be depreciating as they speak. Suddenly the dream home is a nightmare and the first time home buyer will soon be looking to rent an apartment again.

In an effort to undo this crisis, National Bank Of Kansas City has formed a division called, National Mortgage Recovery. The bank believes the consumer needs a loan that they should have received in the first place. We also, believe that the consumer should be educated and put back in the driver's seat. Our National Mortgage Recovery Team is currently working with current holders of mortgage notes in an effort to "work-out" a better solution for their borrowers. It is our hope that we can turn the nightmare back into a dream and to instill pride, not shame, back into home ownership.