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Foreclosure in Bristol County : Real Estate Advice

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  • Home Buying5
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Activity 23
Mon Aug 6, 2012
Michael Emery answered:
As with any real estate listing, the listing price is an 'offer' to sell and does not necessarily reflect the price that will end up being accepted by the bank. Many foreclosed homes are purposely under priced when listed which can bring a flurry of multiple offers above asking price. There are also foreclosed homes that are overpriced and will sit unsold until the price is dropped.

The best chance of having your offer accepted is a cash offer with quick close or a conventional mortgage with quick close. You can (and should) still have it accepted even if it says 'as is'. Just don't count on the bank making repairs should something come up in the inspection.
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Wed Feb 22, 2012
Richard Shapiro answered:
Call an attorney. Your interest in the note probably makes you an owner. Where was your money being sent from?
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Fri Aug 5, 2011
Amy Mullen answered:
John,

I have one of those listings in Shrewsbury. Is that an area you would be interested in?

Amy
508-784-0504
amymullen@remax.net
0 votes 4 answers Share Flag
Fri Apr 10, 2015
Tim Moore answered:
Unfortunately this in not all that uncommon. Currently it's their house, but there is usually verbiage in the loan that says the owner has to take some care with the home. But they are being foreclosed and you can't get blood form a turnip so I am not sure what can be done or by whom. maybe someone knows ... more
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Wed Feb 23, 2011
Meyer & Boss Team answered:
As far as I know your information shouldn't be needed. Sounds like you may need a short-sale team experienced in these handlings. Does your current agent have you speaking with an attorney? Eric and I work closely with real estate law attorneys to sell, negotiate the short sale, and make sure there is no recourse after the sale. Give us a call, if it's not to late we would like to sit down with you for an interview to go over your options. Thanks.

John Boss & Eric Meyer
Sankey Real Estate, Inc.
508-838-3321
baystatehomesales@gmail.com
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Sun Feb 20, 2011
Anna M Brocco answered:
Before signing the deed over, do consider consulting with an attorney, he/she can best advise as it relates to your specific situation.
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Sun Dec 19, 2010
Anna M Brocco answered:
Any local agent can give you the information needed, therefore consider a call to any realty office; if looking to buy, and if especially interested in pre-foreclosure properties, do consider working with an agent of your own--he/she can lookout for your best interest. ... more
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Wed Feb 27, 2013
Elizabeth Herbert answered:
Sat Mar 13, 2010
Chino Hills Homes answered:
Hey Katie take a look at this site see if this helps. http://www.mass.gov/dep/water/wastewater/faqsprop.htm
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Wed Oct 28, 2009
Elizabeth Herbert answered:
The foreclosure question should really be asked of your attorney as it's a legal issue.

Regarding the Title 5: http://www.mass.gov/dep/water/wastewater/faqsesi.htm
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Tue Sep 22, 2009
CCC answered:
Hi, who are you going to negotiate? To the lender/mortgage holder/bank? Most REO properties are listed at close to acurate or requested price. You can always offer what you think the property is worth. REO do not care about your estimates, those companies care about thier bottom line. Their net money at closing.

You can always negotiate.
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Sun Sep 20, 2009
Andrew Adams answered:
Sandy,

You need to figure out what fair market value for the property is "As Is", with out the kitchen. The lender knows it doesn't have a kitchen what they bought it for at auction is irrelevant, that is simply what was owed. ... more
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Sun Sep 20, 2009
Raymond Cardoza answered:
Sandy,

You could definitely put in an offer of $260,000- $280,000. The worse that they can do is say no.
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Sun Sep 20, 2009
Andrew Adams answered:
Sat Mar 13, 2010
Karen Ann Martin answered:
Fri Nov 20, 2009
Keith Manson- Metro Milwaukee Wisconsin answered:
I you check on the court records there should be a copy of the first legal recording that the attorney handling the case would of filed. With the attorney name you should be able to track down the lender servicing the case for Deutsche Bank. Another way is if you have access to realty trac or foreclosure.com, which are for pay service that provide that kind of information. The other way is fiind a buyers agent who may be able to track it down for you.

Good luck


Keith Manson

First weber Group

Certified Distressed Property Expert
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Wed Aug 26, 2009
Scott A. Nelson answered:
Some properties allow for pre-inspection, others do not. It all depends on the rules of the auction. Also that's sometimes why the prices are low, due to the risk involved.
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Sat Nov 7, 2009
Keith Manson- Metro Milwaukee Wisconsin answered:
There are many steps and there are tied to FNMA ( Fannie Mae )and FHLMC (Freddie Mac). I just saw a website that helps you anaylze if you meet the requirements for a modification or the new refinance according to the plan. The web site is:

www.makinghomeaffordable.gov/refinance_eligibility.html
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Mon Oct 21, 2013
Chris Lyon answered:
Jo-Ann

You have to be more specific with "issues." There are many things that can affect title from an improperly signed document to a lein. Just because a bank has taken the property back does not mean a title is clear. Most like ry ly it is something simple your title comapny or attorney can clear up before closing otherwise the closing can be postponed until the bank can transfer the title unincumbered. Check with your closing agent or attorney to find out exactly what the problem is and if it will delay the closing. ... more
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Fri Mar 27, 2009
John Parlatore answered:
Are there really any "good" foreclosure properties? Just kidding, I have nothing productive to add here. But I do know of an awesome agent on the South Shore. If you would like her contact information shoot me an e-mail through my profile.
Good Luck!
--John
... more
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