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Foxboro : Real Estate Advice

  • All14
  • Local Info2
  • Home Buying4
  • Home Selling1
  • Market Conditions1

Activity 6
Wed Jan 23, 2013
Carissa Whitbread answered:
Depending on where in Foxboro you are, you may be able to bike to the Mansfield MBTA Station. The Mansfield train line is a great MBTA option to get in to Boston. They even have shorter "Express Trains" during peak commuting hours. ... more
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Mon Dec 2, 2013
Judy Boyle answered:
Hi foxsanta,

I have seen the banks that hold the notes on these distressed properties (in your case a short sale) ask for the prospective buyers to demonstrate their commitment to buy by asking them to put upwards of 5% into escrow....before beginning the short sale approval process.

To ask for a buyer to get a full mortgage commitment, including paying for an appraisal, however, is in my opinion extreme.

I don't even know if YOUR lender will provide a mortgage commitment without having an approved short sale. Unless I am missing something, I don't see that you could possibly provide a commitment before receiving an answer to the short sale.

Good luck and please keep us posted!
... more
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Sat Aug 25, 2012
Jim Simms answered:
Don’t put up a lot of money, an underwriter is going to apply the rules that exist when you apply for a real loan, they won’t follow your contract with the seller unless is jives with mortgage guidelines. They are not as simple as you think they are, see the link below, good luck,
Jim Simms

NMLS # 6395
Financing Kentucky One Home at a Time
... more
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Fri Apr 29, 2011
Nancy Warburton answered:
Typically you can recover the amount you had to put down for a deposit in the loan, so you can get that money back at closing or put it towards closing costs and points. If not having the monies available for the deposit - Did anyone explain to the Seller that you are using a 100% loan program and that you probably don't have the 3.5%?? In my area where we havea Navy base and many Coast Guard personnel, Sellers know that $1,000 or so is typically what we will get from a VA buyer for a deposit. ... more
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Tue Feb 14, 2012
Kathy Kelly answered:
Hi! I would love to help you. What is the exact address of this property in Foxboro.

Thank you,

Kathy Kelly
Option Realty
0 votes 1 answer Share Flag
Fri Jul 31, 2009 answered:
It was listed for $279,900 and sold for $275,000 on 4/15/2009, 17 days after it was put on the market.
Looks right to me.
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