Home Buying in Saugus : Questions & Answers

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Ron, Real Estate Pro in Harwich, MA
Ron answered:
I need a hard money lender for a residential owner occupied asap
If you are in Mass I have someone who may be able to help.
Ron Berquist
ron@authentichomefinder.com
0 votes Share Flag Mon Jul 29, 2013 Home Buying in Saugus
David Cutler, Real Estate Pro in Peabody, MA
David Cutler answered:
Question on Foreclosure home
Hi Bobby, unfortunately there is no great way to approach a pre-foreclosure property unless it is currently being marketed as a short sale. If you would like to discuss in more detail p ... more
0 votes Share Flag Tue Jul 16, 2013 Home Buying in Saugus
Jjej54, Home Buyer in 01906
Jjej54 answered:
Buying HUD home and offer was accepted in Oct 2011 and still not closed. Is this normal?
Your answer puts it all together! How about the payment for the extensions since it is taking so long. Is that money I won't get back once I close? We have paid over 1,000 be ... more
0 votes Share Flag Sat Feb 18, 2012 Home Buying in 01906
David Cutler, Real Estate Pro in Peabody, MA
David Cutler answered:
Looking to aquire an REO in the Northshore of MA.
Have you found your REO DEAL yet!? There are a ton of nice single family bank-owned homes popping up in Peabody area lately. Many need a good amount of cosmetic work and maybe a roof or ... more
0 votes Share Flag Thu Feb 16, 2012 Home Buying in 01906
Territory.com, Real Estate Pro in Massachusetts
Territory.com answered:
I am cash buyer - I am interested in a property that is a 'short sale'
Try to negotiate. If the property has been on the market for a while the bank may be ready to make a deal. However, beware of short sales because the bank hasn't necessarily agreed ... more
0 votes Share Flag Sun Sep 11, 2011 Home Buying in 01906
Territory.com, Real Estate Pro in Massachusetts
Territory.com answered:
I am ready to purchase a condo...before signing a P&S what information / documents, ect. should I be reviewing?
If you are buying a condo ask the seller for the following:
Copy of the condo documents and bylaws
A copy of the condo association budgets
How much is in the condominium reserve
Hav ... more
0 votes Share Flag Sun Sep 11, 2011 Home Buying in 01906
Talisa Raffe…, Real Estate Pro in Saugus, MA
Talisa Rafferty answered:
I'll soon be buying a condo and want to start looking at open houses. How do I find a listing of open houses? I see some are listed on the
Hi Nadene,
I live and work in Saugus and I can send you open houses every week if you would like.
Talisa
0 votes Share Flag Thu Jul 7, 2011 Home Buying in Saugus
Ardell Della…, Real Estate Pro in Seattle, WA
Ardell Dellaloggia answered:
I M buying a condo with cash. Would it be easy to make the purchase of a bank owned property? Also do real estate brokers assist buyers with that?
There are normally 3 types of "foreclosure" property. Pre-Foreclosure aka Short Sale, Foreclosure aka bought at The Courthouse Steps, REO Bank-0wned aka post foreclosure.

... more
0 votes Share Flag Mon Jun 6, 2011 Home Buying in Saugus
Pauld, Real Estate Pro in Boston, MA
Pauld answered:
is it possible to get a mortgage with 0% down in mass?
Mass Housing, no longer has a 100% program, but if you want to buy in Fall River, I can get you down payment assistance.
USDA still has funds to lend, and their program is 100% financi ... more
0 votes Share Flag Mon Mar 14, 2011 Home Buying in Saugus
Melissa A. J…, Real Estate Pro in Boston, MA
Melissa A. Juarez answered:
Does anyone know how the school system is in Saugus?
The Saugus, MA Public School System serves approximately 3400 students in four elementary schools, one middle school and one high school. Additionally, there is one early education cent ... more
0 votes Share Flag Wed Mar 2, 2011 Home Buying in Saugus
Tom Matthews…, Real Estate Pro in Weston, MA
Tom Matthews & Joanne Taranto answered:
the seller will not pay the $4000 in closing costs, so I cannot close on the house- what are your
Sam:

If you can't afford $4,000 in closing cost then in my opinion you should not be buying a home. Now if you don't want to pay that is another matter entirely and you ne ... more
0 votes Share Flag Sun Jul 11, 2010 Home Buying in Saugus
Bill Kuhlman, Real Estate Pro in Boston, MA
Bill Kuhlman answered:
i am buying a home that is a short sale with bofa. my agent said the file with investor waiting for approval. how much longer before I get an answer?
Hi-

The wait and frustration is, unfortunately, part of the cost of buying a short sale. There are plenty of deals with short sales and foreclosures, but very, very few steals.

I ... more
0 votes Share Flag Sat Jul 10, 2010 Home Buying in Saugus
Kevin Vitali, Real Estate Pro in 01876
Kevin Vitali answered:
I put an offer on a short sale in march. The bpo was completed April 1st. The listing agent needs me to sign a closing and financing extension doc.
Short sales can be a very long process. They vary in length of time from bank to bank as well as negotiator to negotiator with-in the same bank. All the extension means is you are go ... more
0 votes Share Flag Fri Jul 9, 2010 Home Buying in Saugus
Christine Mo…, Real Estate Pro in Wilbraham, MA
Christine Moran Realtor/Notary answered:
I put an offer on a short sale in march. bpo was completed April 1st. I signed a closing & finacing extention doc. My agent said bank of america
Many agents have had problems with bank of america. The buyers wait and wait and don't hear anything.Then bank closes the file and says the "buyer walked "and they have t ... more
1 vote Share Flag Wed Jun 30, 2010 Home Buying in Saugus
Kevin Vitali, Real Estate Pro in 01876
Kevin Vitali answered:
I'm made a offer on march 17th for a chase short sale, we were told we would know in 30 days, it has been 30 days and they are waiting on bpo,
Who knows!! No one can make any guarantees on time of approval when it comes to short sales. There seems to be no rhyme or reason when dealing with the banks. It seems about on averag ... more
0 votes Share Flag Tue Jun 1, 2010 Home Buying in Saugus
Robert Pratt, Real Estate Pro in Chicago, IL
Robert Pratt answered:
The bpo was completed on April1st on a short sale with Bank of America. How much longer before I hear anything?
It would help greatly if you told us whether you are on the selling side or the buying side. The answer varies greatly depending on which side you're coming from.
0 votes Share Flag Fri May 7, 2010 Home Buying in Saugus
Matt Heisler, Real Estate Pro in 01532
Matt Heisler answered:
The bpo was completed on April 1st. on a short sale. My agent said it is still the processing stage. How much longer before I hear anything?
Short sale time differentials vary greatly, as the situations vary greatly. How many lenders are involved? More means much more time. How much are you trying to short? Some lenders ... more
0 votes Share Flag Fri May 7, 2010 Home Buying in Saugus
Janet Peters…, Real Estate Pro in 02330
Janet Peterson Spaulding answered:
I made an offer on a home on march 9th which was excepted. The bpo was completed.My angent said that it is the processing stage with bank of america.
Dot,

Make sure your agent and the listing agent are using the internet based short sale approval process with Bank Of America. It is super quick and easy for all involved.
Good luck ... more
0 votes Share Flag Sun Apr 25, 2010 Home Buying in Saugus
Territory.com, Real Estate Pro in Massachusetts
Territory.com answered:
I think I was scammed! My mortgage guy is asking for 3.5% down, but when I placed my offer with my agent, he
What is your agents explanation? Did you bring this to his/her attention before signing the offer? Never feel pressured into signing deals without being 100% comfortable that you unders ... more
0 votes Share Flag Wed Jan 28, 2009 Home Buying in Saugus
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