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Home Buying in 02062 : Real Estate Advice

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Activity 12
Sun Aug 12, 2012
Eleanor Reilly answered:
9 Mylod Street has an open house today from 12:30 to 2:00. The house is currently being used as a single family. Having not seen the house I'm not sure what improvements are needed to convert it back to a two family.

Good Luck!
... more
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Tue Jun 19, 2012
Amy Mullen answered:
Hi Suz,

It really depends on what is going on with the short sale. In some cases the bank will postpone the foreclosure auction with a signed PnS to allow for the short sale to process.

You can verify the auction date/time online. I would ask the negotiator who is handling the short sale what the status is...there are so many factors that could affect that.

Amy
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Wed Jun 6, 2012
Ron Thomas answered:
For several years, minds better than yours or mine have tried to come up with creative ways to circumvent this; both as a buyer and a seller:

Here's the secret; you got 2 choices;
wait until it goes thru foreclosure, and buy it as an REO,
or,
walk away and find another house.

good luck and may God bless
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Wed Apr 25, 2012
Greer Swiston answered:
Just answered your question in another thread, but here it is again.

Since "good to buy" is always in the eye of the beholder, the best I can do is point you at a couple of resources with data and let you decide for yourself what is most appropriate for you.

For various crime statistics, you can always call the Fitchburg police for the latest crime statistic, or you can look at some stats on the web like http://www.topix.com/crime/fitchburg-ma and perhaps the local paper http://www.sentinelandenterprise.com/police

Compare those stats with perhaps other neighborhoods with which you're currently familiar, perhaps where you live now ... so you can have some context.

If you're interested in school ratings http://www.greatschools.org/ and if MCAS results matter to you, you can look at the state website at http://www.doe.mass.edu/mcas/results.html ... again, I highly recommend that you compare it with a neighborhood with which you are familiar so that you have some context.

Best wishes and let me know if I can be of any further assistance!
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Wed Apr 25, 2012
Brian Greenwood answered:
Bill, you can research and compare schools on this website... http://www.greatschools.org/ This is also on my website. There is also a link on my website to compare the towns in general from demographics to cost of living to commuting. ... more
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Mon Apr 25, 2011
Patricia Ng answered:
As a buyer in today's market even though you can find a lot of answers from the internet, you still need an experience person on your side to negotiate especially in FSBO situation to take the emotion from both sides ... more
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Fri Oct 8, 2010
jo answered:
Anyone here giving you their opinion, is just that, theirs. Go drive around the blocks around each unit. Talk to people who live in the neighborhood. Talk to shop owners. Heck, call the police station, see what they think of the place (crime rate, etc.). It's what you feel inside of you while you're in that neighborhood that matters the most. ... more
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Tue Dec 20, 2011
Patrick Thies answered:
There are two ways to find out if a townhouse is FHA approved. You can contact the Home Owners Association if you know who it is. It will be in their by laws. Another way is to check with your lender. They usually have a list of FHA approved properties. ... more
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Fri Oct 23, 2009
Don Tepper answered:
Check with your local tax assessor.

In many/most cases, the tax assessment will change to the latest purchase value. If it doesn't, then the tax assessment can be appealed. So long as the transaction was an arms-length transaction (not a parent selling a property to a child at a reduced price, for example), the sale is very strong evidence of the true value of the property. ... more
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Tue Sep 8, 2009
Daniel Castagna answered:
Vishali,

I would depend on the day you lock. It probably was there last week. This week, rates seem to be a little up-meaning you might have to pay for it. If you want me to send you a GFE, i would be more than happy to work up the numbes for you. You can reach me at dcastagna@emmloans.com. We can discuss your goals/needs in order to structure the loan properly.

Danny Castagna
SR Loan Officer
E-Mortgage Management
800-793-9633 x 185
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Wed Jul 22, 2009
Scott A. Nelson answered:
You should consult with your mortgage professional to see if it is possible to get funding for this unit. There may be a special circumstance that could allow for it. The mortgage guidelines are rapidly evolving these days, check back and let us know what your mortgage professional says.

Good luck,
... more
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