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mashpee ma real estate: Mashpee MA Foreclosures and Bank Owned Real Estate for Sale - 09/04/10 08:44 PM
Mashpee MA Foreclosures and Bank Owned Real Estate for Sale Purchasing a home at a Mashpee MA foreclosure auction has many risks to a potential buyer and in most cases the bank will be the high bid and take possession of the property. The property is then referred to as bank owned, REO (real estate owned) or foreclosed property. Previous to a foreclosure, a home owner may attempt a "short sale" whereby the bank agrees to accept less than the mortgage balance based on the owner's hardship and financial status. Obtaining approval can be a long and difficult process. Additionally, there is no assurance (1 comments)
Here we go again! Congress left town without reauthorizing the National Flood Insurance Program (NFIP). Until they extend NFIP, no new or renewal flood policies can be issued, this means thousands of residential and commercial transactions are on hold. If you need guideance and more information about this situation you can to the National Flood Insurance Program to learn more about the hiatus. Some of your most frequently asked questions and answers can also be found on the FEMA website so you can be more informed to get your scheduled closings done. About the author: This blog is provided by (4 comments)
mashpee ma real estate: Mashpee Real Estate Report 2006-2009 - Condominiums Sold - 05/16/10 06:14 PM
The Mashpee real estate market report for Condominiums sold from 2006 through 2009 shows that the average days on market (DOM) has increased from 110 days in 2006 to 237 days in 2009. In addition, the number of condos sold in 2006 was 119 units compared to only 92 units sold in 2009. Clearly the condominium market has not found its bottom in the town of Mashpee. The average price for a condominium sold in 2009 was $356,019 and the median price was $287,542. This is down from 2006 where the average price was $400,821 and the median price was $315,000.
The Mashpee real estate market is showing signs of stability in the number of homes sold from 2008 to 2009 as 178 homes sold consistently from year to year. This is still down from 200 homes sold in 2006. In addition the average Days on Market has improved from 160 days in 2008 to 145 days in 2009. The average sales price for single family homes in Mashpee for the year 2009 was $400,557 and the median sales price was $280,000. Most experts believe the bottom of the Massachusetts statewide real estate (2 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the
real estate agents, loan officers and brokers listed on this site
. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors
to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for
the content in these profiles, that are written by the members of this community.