There was alot of confusion with Manchester NH Home Buyers with the risks involving buying a SHORT SALE, FORECLOSURE or BANK OWNED HOME? With different information coming from so many sources questions on these types of properties continue to rise. I am happy to report that the most risk is with auctions which most buyers are not using tio purchase these types of properties. For the average owner Occupied Buyer there is plenty of protection available to you for a seamless purchase.
a. First thing is that if you are getting a mortgage than your bank will make sure the title is clean before they give you a mortgage. The bank will work with the closing attorney to review the title report.
b. If you are paying cash, you will want to hire a lawyer to conduct the title search and make sure the title is clear.
TITLE INSURANCE: Whether you are paying cash or getting a mortgage, it is recomended to get owners title insurance.
CLOSING: Before closing a HUD also know as the settlement statement will be calculated. The closing attorney should make sure all liens, back taxes, HOA fees are paid by the seller at the closing. Any prorations for prepaid amounts will be debited to the buyers side. in the world of short sales at your expense.
In conclusion buying through an auction is seperate from buying Short Sales or Bank Owned Homes listed by traditional means An auction is AS IS and usually includes all liens and defects. Purchasing a home listed with a local broker is not like an auction. The condition may be AS IS but the deed is cleaned, cleared and usually a Foreclosure or Special Warranty Deed transfers the home from the bank to the new buyer. Having a local, Full time agent who is WELL experienced with Bank Owned Homes and or Short Sales can easily guide you through the buying process.
It does not take magic to turn your "For Sale" sign into a "Sold" sign. it takes a full time Local Agent who specializes in Listing homes like yours.
If you need to sell your home and you owe more than your house is worth, i may be able to help. I specialize in working with home owners to get your home sold. There are many options such as a short sale whcih may be able to help you.
Please try and avoid out of state or out of town agents and companies that make "out of this world promises". We are local agents with experience who never charge any up front fees. WE GET RESULTS!!!
We stand by you through every step in selling your home.
PLEASE SEE MY "TOP" TIPS FOR BUYING A HOME
PLEASE SEE MY "TOP" TIPS FOR SELLING A HOME
ONE OF NEW HAMPSHIRE'S LEADING AGENTS FOR SHORT SALES AND BANK OWNED HOMES...
If you are Looking for a Real Estate Agent you have come to the right place. Scott Godzyk is a Full Time and Local agent ready to serve all of your Real Estate needs through each step of the buying or selling process. We are proud to be locally owned and operated.
If you owe more than your house is worth, If you are behind in your payments, I may be able to help. Call me to find out how you may be able to sell your home at no additional cost to you.
Scott Godzyk is the Owner/Broker of The Godzyk Real Estate Services located in Manchester NH. With 25 years of Real Estate experience Scott specializes in Listing and Selling Bank Owned Homes, Short Ssles, Residential Properties, Condominiums, New Construction and Investment Properties. Scott services the counties of Hillsborough, Merrimack, Rockingham and Belknap. To contact Scott Godzyk please call 603-661-2121 or email firstname.lastname@example.org. his website is www.ScottSellsNH.com.