The Moores'

Dear Sean Michael,

Originally from Lancaster myself and working the Clinton to Templeton Marketplace I think I can help.

Do you already have the property in Lunenburg picked out?

I spoke to Kathleen Flaherty at Clinton Savings Bank in Clinton and she said yes she believes she has a program that will work for you. She can be reached at kflaherty@clintonsavings.com or by phone at 978-365-3700 x 238 or by cell at 508-395-3197 just let her know that you are the buyer Karissa Moore of Hogan Real Estate called about.

Good Luck and feel free to contact me if you need anything else at 978-407-3054 - Wed Oct 29 2008, 14:24

Dear Seller,

Yes You Can! For one; I’m going to take a guess that your home is being lived in and cared for on a daily
basis. This means that your property’s heating, cooling, electrical and plumbing systems are functioning and will be for the new buyer at closing.

If the market drops out from under you just try not to get greedy. Real Estate is only worth what a buyer is willing to pay.

Good Luck!

Karissa - Thu Oct 16 2008, 11:13

Dear Ozy,

This is truly a stressful transaction. Sounds like your agent is doing their job. And Yes a short sale can take quite awhile and yes you are waiting on the bank. Here is a link to a parody I wrote for my weekly real estate column in our local newspaper.
http://www.realestatenerve.com/My_Homepage_Files/Page3.html


I just wonder about the language in your original offer. Was it contiguent on a short sale? Could we argue that the seller and bank have changed there terms not that the property is in "pre-foreclosure?"

I am not suggesting that you walk away from your offer, but do consider your actual obligations here.
I would keep looking at other properties. I would also digest the thought it might be worth forfeiting your deposit on this property if you find another house. But then I say that without knowing what your deposit is.... Hopefuly you get my point.

Do feel free to contact me if you have any other questions.

Karissa Moore - Wed Oct 15 2008, 11:11

Dear Rich,

Please explain your business workings. Are you rehabing properties? - Wed Oct 15 2008, 10:58

Dear Bron,

There have been several instances in my career that an owners title insurance has fixed the problem. The most memorable incidence was for a house built in the 1930’s. The first owner lived in the property until 1998 and then the second owner hired me to sell it. The second owners’ title company never recognized that the house was in-fact built on the wrong lot - according to the deed. The new buyers bank caught the problem and put the brakes on.

This was huge. Fortunately the original owner in his 80’s was a local firefighter and we were able to track his son down a few towns over for signatures to fix the problem. All this research, the document preparation and the attorney and registry fees were paid in full by the title company.

My husband has worked in the land surveying industry for the past 8 years. I believe that we have a large turn over rate in MA because of all the subdivisions / property line changes and foreclosures. Among these are deed mistakes and title liens and other various safety checks that has accounted for our need for title insurance.

Understand that until recently we didn’t have a deed template and it can be challenging interpreting a deed even 50 years old for a description of premise. The funniest description called for blue slashes on trees. Those blue slashes are or have turned green along with red and yellow and other various colors on all sorts of trees in that general area. So do we assume the blue turned green or did the owner run out of blue and decide yellow and red should do or were they logging. You get the point.

As far as earthquake insurance. ??? They say the east coast has a big fault line. When it will be active, who really knows? I suppose you might weight the replacement cost of your property to the overall lifetime cost of the insurance. And then consider what the monthly payment in a decent IRA fund might make. It might surpass the replacement cost of your house in less time.

Good Luck,

-Karissa - Sun Oct 12 2008, 17:22