In Mass, there are some cash auctions, but much of the foreclosures are being listed with real estate agents and posted in the MLS. In this case, there will be a lockbox on the door that your buyer agent can access, and you will be allowed to preview it. These properties will be vacant and you will find that most properties will not have electricity and the plumbing has been â€œwinterizedâ€. You will be allowed to conduct a home inspection, but prior to making your offer (in most cases), as the lender holding the deed â€œfrowns uponâ€ offers pending an inspection. If you wish to include the electrical & plumbing in your inspection, you will also bear the cost of turning them back on and off (most likely). Regarding the financing: as long as your fico scores and income/debt meet the lending guidelines, you should qualify for a mortgage. You may even qualify for a 100% financing, as some of my clients have and still are doing this. I hope this helps. The Realtor you choose to help you will be able to take you through the whole process.
Hello there are many beauftuil foreclosure on sprague st fall river mass one is going for 60 thoug. dollars 3 bedrooms with 2 bathrooms. nice size yard!!!!!!!!! there another one next to it for sale but he now own the bank so its going cheaper......... good luck
If you're looking for pre-foreclosures, however, where you can work out a deal before it's sold at auction or taken back by the bank, then you'll want to go a different route since the property is still owned by the homeowner and it's not yet on the market.
In that case, check out a site like http://www.ForeclosuresMass.com which lists all properties starting the foreclosure process in Massachusetts BEFORE they end up at auction or back in the hands of the bank.
Please visit this link to request a free list of foreclosed properties. Photo's, tax info, pictures and addresses will be included in these reports.
Perry C. Long, Broker-Associate
EQUITY REAL ESTATE, INC.
82 Sanford Road
Westport, MA 02790
I know therare many foreclosures in Mass. I would also try the site below. Although this is not all the forclosures. You may get a good deal Here! This site also works for other areas of the country as well.
Trulia has foreclosure information. The link below shows nine foreclosure listings in the Fall River area.
Customer Service Representative