Foreclosure in Wareham : Questions & Answers

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Philzao, Home Buyer in East Wareham, MA
Philzao answered:
is wareham a good place for seniors to live?
Well Linda, I am not a self serving broker. I am a senior and looking to buy a home in Wareham b/c family is close by. I can tell you this much. The town board of Assessors are a bu ... more
0 votes Share Flag Wed Apr 18, 2012 Foreclosure in Wareham
Jobass24us, Home Seller in Ware, MA
Jobass24us answered:
when my house has been foreclosed on what happens to the second mortgage?
Im not an attorney but Im in this situation right now. I spoke with an attorney and yes in this state the 2nd lender can come after you for the amount owed. However, that is if you have ... more
0 votes Share Flag Wed Sep 7, 2011 Foreclosure in 02571
Beverly Gora…, Real Estate Pro in Plymouth, MA
Beverly Goranson answered:
I am renting and wondering if the property is in default?
Sounds like you could be right. If the proerty is going into foreclosure there will be notices posted in the local paper. Does your real estate agent know? If you are currently a ten ... more
0 votes Share Flag Thu May 19, 2011 Foreclosure in Wareham
Joe Arnao, Real Estate Pro in Sandwich, MA
Joe Arnao answered:
In Wareham, ma, is it possible to buy a forclosed property, with cash, and take possession quickly? Or does it take long?
As stated by others, yes. Make sure you do your due dilligence before going firm with the P&S. Many bank owned deals end up with problems if they buyer is not careful. Investigate i ... more
0 votes Share Flag Wed Apr 13, 2011 Foreclosure in Wareham
Joe Arnao, Real Estate Pro in Sandwich, MA
Joe Arnao answered:
i have 1st and 2nd mortgage on 2nd home, what happens to 2nd mortage if i allow home to go into foreclosure?
Bonnie,
Stephen is right, Try a short sale and try to avoid some of the long term damage a foreclosure can have on your credit. There are investors that many of us Realtors know, that ... more
0 votes Share Flag Mon Dec 20, 2010 Foreclosure in Wareham
Lori Lincoln, Real Estate Pro in Taunton, MA
Lori Lincoln answered:
What are the ramifications of foreclosure of your 2nd home in Massachusetts?
Hi Kay,

Your credit will be dramatically affected if you get to foreclosure. The foreclosure will stay on your credit report for at least 10 years. With a short sale, the credit rep ... more
0 votes Share Flag Mon Jul 13, 2009 Foreclosure in 02571
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