Foreclosure in 02474>Question Details

Kathy, Home Buyer in 02474

any buy agent who is specialized in REO owned properties in Middlesex county or Suffolk county, MA?

Asked by Kathy, 02474 Thu Oct 16, 2008

I am starting to look for a REO property in Middlesex county or Suffolk county, MA. Any recommendations for a buy agent who is specialized in REO owned properties? Also, here can I get a list of REO properties in MA?

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Answers

4
Hi Kathy

Banks, FannieMae, FreddieMac, HUD and others all have REOs listed on their sites plus, as mentioned, brokers can help find them for you. I would strongly recommend that you engage an attorney familiar with REO sales as they can be tricky. Your lender may be able to recommend someone who can also close your loan, thus saving on their fee for acting on your behalf as well.

You may find that REOs may need work or are at market price. In such cases they may not be a bargain.

Good luck!

Tom
0 votes Thank Flag Link Tue Nov 9, 2010
All REO proeprties are listed by the brokers. It is easy to find a REO property in any place. Many websites show foreclosure properties, but you have to pay monthly membership fee.

Please email me if you have any further questions.

Hyeon
Cell:908-227-1937
email:hyeonk@gmail.com
0 votes Thank Flag Link Thu Oct 23, 2008
thank you TerritoryRE. I will check out this website.
I am thinking towns of Medford, Malden, Somverville, and need more info. from a agent who knows towns of Everette and Lynn area.
Any recommendation of agents who are familiar with REO foreclosure and these towns? thanks
0 votes Thank Flag Link Fri Oct 17, 2008
Both of those counties are enormous and the amount of reo's/short sales will be quite large so it might be easier to narrow down your search.

Our site compiles every property on the market for sale in Massachusetts and you can search by reo (bank owned) and short sales.
http://www.territoryre.com

Hope that helps get you started. Good luck!
0 votes Thank Flag Link Fri Oct 17, 2008
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