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Foreclosure in Boston : Real Estate Advice

  • All1K
  • Local Info121
  • Home Buying456
  • Home Selling55
  • Market Conditions33

Activity 52
Mon Mar 27, 2017
Joyyasmith asked:
Wed Mar 8, 2017
Tallgirl6 asked:
Sat Dec 17, 2016
Barbarajung57 answered:
Fri Sep 4, 2015
Claudinabaarros asked:
Fri Aug 28, 2015
Manuel Benitez asked:
Thu Jan 16, 2014
Sveta Vakhitova answered:

Unfortunately it is no longer on the market.
0 votes 6 answers Share Flag
Wed Nov 20, 2013
Elena M. Lau answered:
Hello Manuel,

I would be glad to assist you. Please directly contact me. Contact information below.


Elena M. Lau
Multilingual Licensed and Accredited Real Estate Consultant
Realty Direct
... more
0 votes 7 answers Share Flag
Sat Nov 16, 2013
Wen Farina answered:
You may get a few calls. If you are a serious and ready buyer you should consider hiring your own buyer's agent to assist you (someone that is knowledgeable in foreclosures if that is what you're looking for). ... more
0 votes 6 answers Share Flag
Mon Sep 16, 2013
Scott Godzyk answered:
You should go back to the ad, simply click on the profile of the listing agent and contact them direct. your pther and possible best choice is to get a buyer broker who can get property info and set up showings while guiding you through the buying process. ... more
1 vote 3 answers Share Flag
Tue Jul 9, 2013 answered:
It is hard for anyone to answer this question because we have no idea what the interiors of the home look like and how big the unit/home is. I.e, is this a gut rehab? Are you considering doing just one bathroom or just the kitchen? My guess is $5000 won't get you far if you are trying to stretch that budget over the entire home.

Good luck!

Territory Real Estate
Boston's Premier Destination for Home Buyer's
617 848 5407 ext 704
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0 votes 15 answers Share Flag
Sat Apr 13, 2013
James Pinson answered:
This property is NOT currently on the market. I'm not sure why Trulia doesn't clarify this with bold, large font, black with red lettering stating this fact. Trulia shows properties that are now bank owned.

As the description states...Bank Repossessed. This property has completed the foreclosure process and is now owned by the foreclosing lender, which took title to the property.

There's a good chance the property will be listed in the near future by an agent. Contact a local agent and have them keep their eye out - and follow yourself! Do not pay any attention to the price they show next to the address. The owning bank will hire an appraiser or agent to visit the property and assess value. They will price the property based on local comparable sales and condition. That will likely be the price they will start the listing.
... more
0 votes 3 answers Share Flag
Fri Apr 12, 2013
Mario Pavli answered:
I would be glad to assist.

If any questions please call or e-mail me at anytime.
0 votes 8 answers Share Flag
Mon Oct 29, 2012
Heath Coker answered:
Real estate is a business.
There are common and approved methods for making decisions.
If you must rely on others for experience, choose the most experienced professional available.

First - go into the property, preferably with a professional (contractor) who can put a dollar figure on the fixes needed AND the fixes you want.
Assess the level of expense, time and involvement that this will take.
Decide if it is within your personal comfort level.
No "deal" is so good that you cannot walk away.

Ask a local lending professinal to give you a verbal valuation of the property with the improvements you are planning to make.
Ask if they will make you a loan to do the work and the eventual end loan.

Assess the costs, the possibility of the use of the end project, the time involved, and the comfort level.
Now add 35% to the cost and 50% to the time and re-answer.

(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those who answer questions here.)
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0 votes 14 answers Share Flag
Fri Sep 21, 2012
Vincent Murphy answered:
It's a Bank nothing is FAST- assuming they let you have a Inspection on a foreclosure and it was no good you will get your money back-
0 votes 9 answers Share Flag
Tue Jul 24, 2012
James Furlong answered:
The Boston market is strong right now. The inventory for investor property is low. This is a bank owned property and the banks (in general) are not willing to just dump their REO because they understand the negative impact such a rash action could have on the local real estate and including the other REO properties that they own in the area. The big question here is how the values of $310K and $210K have been determined - obviously both cannot be right and why would you only want to drop $10K to $15K if you believe the property is $100K overpriced?? As regards your offer strength, If you were buying "all cash" you might have a stronger position but 25% down is common place for investment properties. You might want to consider taking your mortgage with the lender who currently owns the property - it shouldn't make a difference but it often does. ... more
0 votes 9 answers Share Flag
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