Foreclosure in Middlesex County : Questions & Answers

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victor_coelh…, Home Owner in Framingham, MA
victor_coelho87 asked:
are short sales or foreclosures a good option?
0 votes Share Flag Thu Aug 16, 2012 Foreclosure in Holliston
Michael Cheng, Real Estate Pro in San Jose, CA
Michael Cheng answered:
how can I know about whether a house was sold or not. it was in pending status. the informations on the internet are outdated.
If you can provide the property address here, I'm sure you'll get a definitive answer quickly.
0 votes Share Flag Tue May 29, 2012 Foreclosure in 02148
Robin Silver…, Real Estate Pro in Garden City, NY
Robin Silverberg answered:
How does reciept of a foreclosure notice affect ones credit?
If he has a loan on the house, the reason that he would be getting the foreclosure notice is because he has late payments, which affects his credit score. Getting the letter doesn' ... more
0 votes Share Flag Mon Dec 5, 2011 Foreclosure in 02465
Judy Boyle, Real Estate Pro in Northborough, MA
Judy Boyle answered:
Does anyone know anything about auction schedules for the houses on Central Street and the house on White Avenue in Concord?
Hi Ningtien,

261 Central Street is being auctioned off on 11/12/10 at 9:00 AM.

63 White Ave - 1/28/11 at 1:00 PM

Feel free to contact me if you need more information.

Judy B ... more
0 votes Share Flag Tue Nov 9, 2010 Foreclosure in Concord
Blasic Smith…, Real Estate Pro in Murrieta, CA
Blasic Smith Team answered:
Why are properties listed at a much higher price after foreclosure than before foreclosure?
Hi Asa,

The banks can typically get them back for less at auction as this is the judgement amount. Then they turn and sell them for market value or more as the demand for bank owned ... more
0 votes Share Flag Tue Sep 21, 2010 Foreclosure in Magoun Square
Sherri Way, Real Estate Pro in Framingham, MA
Sherri Way answered:
i want to know if the house i live in was foreclosed ? i live in 48 waushakum st in framingham ma 01701
There is nothing in public records which indicates that there has ever been any foreclosure issues with this property. Why would you think it was in foreclosure?
0 votes Share Flag Tue Jul 20, 2010 Foreclosure in Framingham
Brenda Honey…, Real Estate Pro in Rangeley, ME
Brenda Honey Rogers answered:
If I were to decide to let my home go into foreclosure (in Massachusetts), what would the time line be for me to vacate?
It depends on the bank, your relationship with them, or your mortgage holder. We lost properties when the economy crashed 3 years ago. We vacated the property right away and moved int ... more
0 votes Share Flag Sun Jul 11, 2010 Foreclosure in Marlborough
Peter J. Mla…, Real Estate Pro in 33131
Peter J. Mlaguzi Iii answered:
Under Agreement
Ben,

How are you? The property goes underagreement/under contract when the seller has signed and accepted an offer. In regards to viewing a property that's underagreement, it� ... more
0 votes Share Flag Mon Sep 28, 2009 Foreclosure in Waltham
Territory.com, Real Estate Pro in Massachusetts
Territory.com answered:
Deutsche bank has deed in their name how long do they take to 1. accept/reject offer 2. complete P&S 3.
Hi, Liz!
yes, that is the logical assumption about banks wanting to get the properties off their books but you will find this very often is not the case. Banks are still overwhelmingly ... more
0 votes Share Flag Tue Sep 1, 2009 Foreclosure in 02453
Gary Mast, R…, Real Estate Pro in Dublin, PA
Gary Mast, Realtor, ABR answered:
What are our options with a mortgage we are struggling to pay.?
Kay,
In no particular order, you can declare bankrupcy, stop paying your mortgage & allow property to go to forclosure, you can give the Lender a deed in lieu of forclosure, or do a sh ... more
0 votes Share Flag Mon May 17, 2010 Foreclosure in 01752
Anthony Allen, Real Estate Pro in District of Columbia
Anthony Allen answered:
Need to understand the implications of a reservation by the lender in a short sale for a deficiency judgement
Hello Ray, you will gt a lot of suggestions on this board. My suggestion is that you get professional legal advice. Only a lawyer can help you weigh your options. Of course you proba ... more
0 votes Share Flag Thu Jul 9, 2009 Foreclosure in Framingham
Ken Lambert, Real Estate Pro in Exeter, NH
Ken Lambert answered:
Title Issues??
Hello- Title issues will often become financing issues, as the lender will conduct a full title search, and will dig pretty deep especially if it is a REO (bank or Fannie) owned proper ... more
0 votes Share Flag Wed Sep 29, 2010 Foreclosure in Acton
Alan Strange, Real Estate Pro in Broomfield, CO
Alan Strange answered:
Hi, We bought our house with 18% down in 2004 for $370K with a 30 year fixed loan. Although we can afford our
Going through a foreclosure can be a devasting event. Aside from the ethical issues involved in letting go of an obligation we put our names to it's wreaks havoc on many aspects of you ... more
0 votes Share Flag Fri May 14, 2010 Foreclosure in 01752
Sandi Jeffery, Real Estate Pro in 48632
Sandi Jeffery answered:
i paid fo lawyer to negotiate a modification. My loan was sold, i lost my job in dec 2007 and September 2007.
You should contact your lender to request a short sale. You'll need to submit several things in order for them to consider a short sale. Your you'll need to submit a letter of hardship ... more
0 votes Share Flag Fri Jan 30, 2009 Foreclosure in Hopkinton
Sherry And T…, Real Estate Pro in Rockwall, TX
Sherry And Tony Chandler answered:
I am about to purchase a foreclosre that looks in great shape. they want me to sign before having an
Lynne,
You should have a Realtor represent you. Your Realtor will work in your best interest. In Texas, we have an "option period" that gives the buyer the unrestricted right to back ... more
0 votes Share Flag Sun Feb 8, 2009 Foreclosure in Cambridge
Judy Boyle, Real Estate Pro in Northborough, MA
Judy Boyle answered:
looking for 2 bed and 2 bath garden style single level conda's with 2 car garages in Massachusetts. Can?
Hi Ed,

What towns and price range are you looking in? There's lots of great inventory and I'm sure I can help you out!

Judy
0 votes Share Flag Wed Feb 9, 2011 Foreclosure in Ayer
Territory.com, Real Estate Pro in Massachusetts
Territory.com answered:
any buy agent who is specialized in REO owned properties in Middlesex county or Suffolk county, MA?
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 ... more
0 votes Share Flag Tue Nov 9, 2010 Foreclosure in 02474
Pacita C Dim…, Real Estate Pro in Alameda, CA
Pacita C Dimacali answered:
What are the Pros and Cons of a forclosure? Should I stay away?
Here"s a very good link that discusses the pros and cons of buying foreclosures http://homebuying.about.com/od/4closureshortsales/qt/093007_Foreclos.htm

No, you don't have to stay aw ... more
0 votes Share Flag Tue Jul 1, 2008 Foreclosure in Malden, MA
Brecht Palom…, Real Estate Pro in Massachusetts
Brecht Palombo answered:
I have seen esp. in the last few days a lot of REO properties in the area of Newton, MA, how would i go about
You don't NEED a buyer's agent ever. But if you work with someone who knows the game you are likely to do better than you would on your own. We offer a free list if you follow the link ... more
0 votes Share Flag Fri Jun 6, 2008 Foreclosure in 02460
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
My landlord is already in short sale and home is under agreement. who do I pay my rent too?
I'm not a lawyer, so this isn't legal advice. However....

You pay your rent to the person stated on the lease. That, probably, is the current owner. The lease probably contains provi ... more
0 votes Share Flag Wed Nov 4, 2009 Foreclosure in Everett
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