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Home Buying in Groton : Real Estate Advice

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  • Local Info1
  • Home Buying3
  • Home Selling0
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Activity 3
Thu Jun 21, 2012
Julie Marion answered:
Hello Cherry,

These towns have some similarities and some huge differences which reflect the values of the town.
If you go to www.HottelRealEstate.com and click on the profile of each town there is a synopsis of what each town offers. If you would like any clarifiation or need more information. Please contact me I'd be happy to help.

Hottel Real Estate
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Mon May 16, 2011
Lew Corcoran answered:
It depends on how long you plan on waiting to purchase another home and how you intend to finance it.

If you're looking to go with a conventional mortgage the next time you buy a home, then a deed-in-lieu is treated pretty much the same as a short sale.

However, if you're looking to finance with FHA, VA or USDA, then a deed-in-lieu is treated the same as a foreclosure.

In general, a short sale will have less impact on your overall credit scores and credit history than a foreclosure or a deed-in-lieu. With a short sale, you may be able to purchase a home in as little as 2 years. However, with a foreclosure and a deed-in-lieu, the wait will depend on the amount of downpayment, and can be anywhere from as little as 2 years with 20% down to as much as 7 years with 10% down.

You should consult with an attorney who is experienced in handling these types of transactions so as to minimize the impact on your overall credit and to maximize your potential to purchase another home in as little time as possible.
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Wed Jan 28, 2009
Territory.com answered:
The listing expired on the 24th .. Chances are it will come back on the market. Hard to tell when though as sometimes the seller will change agencies and price, etc, which can take a couple weeks or months. It could take longer if they are going to hold out until the spring market. That said, if you are still interested in the property a buyers broker can help you contact the seller and the old agent.

Hope that helps!

Here is a link to every property actively for sale in Brewster:
http://www.territoryre.com/idx/search.html?search=true&search_string=brewster

Good luck!
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