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Home Buying in Dartmouth : Real Estate Advice

  • All48
  • Local Info2
  • Home Buying15
  • Home Selling0
  • Market Conditions2

Activity 17
Mon Apr 27, 2015
Al Roppolo answered:
It would depend on if its off the market because of an expired listing or because its under agreement.
Also, sometimes the home is under agreement, but comes back on the market because it did not sell for some reason...Hope that helps ... more
0 votes 2 answers Share Flag
Tue Jan 6, 2015
Michael Abramsky answered:
Mtnmortgageguy is correct, a late payment will report on your credit for 7 years.

The last 6 months payment history carries the most weight. With the last 2 years having medium impact and the last 7 years having less impact.

You can find more info on late payments here: http://www.creditfirm.net/education/late-payments

Good Luck!
... more
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Thu Oct 16, 2014
answered:
Hello,

I work for a major bank and I'm a top producer with over 10 years plus experience. A bank will have all the major products and even incredible price incentives that most small mortgage companies cannot touch.

If you're seeking basic advice on purchasing such as requirements, expectations, and timeline, it's as simple as picking up the phone and chatting for a few minutes - no cost, no obligation.

If I can assist, please feel free to give me a call.

All the best to you!
... more
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Tue Oct 11, 2011
Heidi Zizza answered:
You would need a complete address to be able to answer a question and also the listing agent would need to be contacted
0 votes 1 answer Share Flag
Sun Dec 19, 2010
Karen Ann Martin answered:
A check in the MLS does not show a home for sale on Bush St.
Also a check in the Registry of Deeds does not show any homes on Bush St that have been served foreclosure documents . If the home goes on the market as a short sale ( pre-foreclosure) you can get an email right away by signing up on my website for free list of homes. . ... more
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Sat Mar 13, 2010
Susan Costa answered:
Katie - what is stated below is only if the system passed Title V and has been pumped for the last three years. Escrow gives you only 90 days to get the system inspected and upgraded. Speak with an attorney - I know a great attorney in Westport who would be happy to answer your questions.
Her name is Trisha Perry McGowen, Attorney at LAw - 508-636-4474
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Sat Mar 13, 2010
Susan Costa answered:
Sandy

Banks are negotiating on properties - more now than ever. As the foreclosures are coming back on th market - you need to justify the offer with the repairs needed. My office is in Westport and I would be happy to assis. I work with First Time Home Buyers with the purchase of foreclosures and short sales.

Give me a call.
... more
0 votes 7 answers Share Flag
Wed Oct 28, 2009
Mike Ouellette answered:
The answer to this question is NO, Massachusetts does not have a redemption period. If it is foreclosed then the homeowners rights are forfeited anyway. You can easily google these answers up, but I invest in Massachusetts and now this answer. ... more
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Tue Sep 29, 2009
Susan Costa answered:
Sandy

I agree with all three answers. Banks do nto negotiate on the property forclosed on. A local REO office will get the listing and buyers will be told to submit the highest and best offer. No negotiating. The bank will then accept the best offer, based on amount, downpayment, credit history and a pre approval along with certain documents required with the offer. All banks require different formats and all offers need to be complete or they are disgaurded. Working with a buyers agent is your best option, they can do the research, advise on the best offer and walk you through the closing. The buyers agent is paidby the commission that is advertised on the property listing. There is no charge to you the buyer.

Any questions, give me a call. I am happy to help.
... more
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Tue Sep 22, 2009
Ken Lambert answered:
Hi Sandy- You may need some help with this- which may get you into this for less. I know a couple people if interested.
It goes all over the place- and is really a case by case basis- and many times there is no rhyme or reason for the bank's loss mitigation department's decisions on what they'll let it go for.
How long has it been listed for sale?
In some cases I've heard of bank's taking 40-50% on what they're owed... But that is no given.
Thanks and good luck,

Ken L.
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Mon Sep 21, 2009
Susan Costa answered:
Sandy

Talk to the IRS and ask your qestion. When the stimulus money for the retired went thru the last two years, people who would qualify but do not file taxes - were able to file just for the stimulus money.

I believe this will be the same for you. You can file a tax return to get the 8K - I believe that you will qualify for the full amount.

Good luck - here is the web site http://www.irs.gov/
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Sun Sep 20, 2009
Susan Costa answered:
Sandy

There are some issues with using the 8K as a down payment or applied ti closing costs in MA.
If you give me a call, I can give you the name of number of somone local who can answer all your questions.

Time is of the essence, Nov 30th closing date is what you need to qualify.
... more
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Sun Sep 20, 2009
Raymond Cardoza answered:
Sandy,

Andrew is absolutely correct.
.
What it boils down to is that the Bank knows it can only sell for "Market Value' or less in today's economy. If it is new to the market, then the bank might wait a while to test its asking price. They will gauge the activity on the property and their needs. What is a bad offer one day can be a great on another.
If you would like, email me the address and i will help you determine its value. Of course this is a free service with no obligations, no strings attached.
... more
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Sun Sep 20, 2009
Joe Arnao answered:
Sandy,

When submitting the offer, be very detailed about the work that needs to be done. Sellers are very suspicious of buyers and the more facts you use the better chance you have of creating a win win situation. You will basically be educating the seller so put it in writing and incorporate in the offer. That way the seller has to read it. You want to be viewed as credible by the seller so they will give serious consideraton to your offer. ... more
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Sun Sep 20, 2009
Jaime Osborn answered:
There isn't really any protocol that they follow, it depends on the assest mgr at the bank as to how much they will negotiate, I hve seen them take 50% of list price and I have seen them turn down full price offers if the buyer asks for closing costs, I have seen banks be willing to paint the interior and exterior of a property and put in a new ac system, but I have also seen them refuse to treat for termites or even to pay for a termite inspection,
so it really just depends,

the best advice I can offer is "make an offer" they may accept it, they may counter it, and they mat just decline it.
Just realize that by making low offers that don't "really" have a chance of getting accepted, you will be leaving the property on the market longer and other people may make offers as well, sometimes my clients get it into thier head that they are going to get an unbelievable deal on some house and then, against my advice make offers way too low, and end up losing the property to someone willing to make a reasonable offer on a property already priced below market value!!

Remeber this If you think it's a good deal somone else probably does as well
hope this helps
Jaime Osborn
Vision Investment Propery.com
... more
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Wed Jul 15, 2009
Brian Barbosa answered:
LAKEVILLE!!! Tons of lakes, and the T. Powerboats and jetskis on Long Pond. But, I'm biased I went to Apponequet High School. lol
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