foreclosure: Candid talk of Foreclosures and Bank Owned properties ( First Time Buyers must read) - 02/23/11 03:43 AM
Fact: Bank owned properties are difficult to finance due to your loan companies requirement of Title 5 Certification ( septic passing). When you pursue a bank owned house, you, the buyer are responsible for the title 5 inspection, de-winterization costs for home inspection, and other requirements that your lender will want. In other words, bank owned properties are sold as is, and all buyer lenders will not allow for a failed septic system.  You could spend upwards of $1000.00 of your money prior to owning the house.  Very rare will the bank that owns the house allow for contingencies like these.

foreclosure: KCM BLOG- Predictions 2011 Real Estate- Oswald Acted Alone and We did land on the moon-Taunton Real Estate - 01/12/11 08:34 AM
Oswald Acted Alone and We Did Land on the Moon-reposted with permission
We believe that things are usually as they seem. We are not the type of organization that believes in conspiracies. However, there is something interesting in some of the housing price studies we are seeing in our research. It seems that some of the groups making the predictions are the same ones that have the greatest power to affect the prices they are projecting.
Most housing analysts warn that the heaviest downward pressure on prices will be created by distressed properties and the speed at which they will be … (0 comments)

foreclosure: Halt on Foreclosures-Massachusetts Real Estate and Homes for Sale Somerset, Taunton, Rehoboth - 10/07/10 02:00 AM
Halt on Foreclosures- In Laymans Terms-Massachusetts Real Estate and Homes for Sale Somerset, Taunton Rehoboth
Okay, here we go.. this is how I see it:
Round 1
2004-2006- Mortgages were passed out like candy..i.e. fog a mirror-buy a house. The types of loans given were no doc, no job, no assets, no credit.. NINA Loans, 80-20 loans, 100% financing. Starter Rates wtih high adjustables Banks were lending money based on nothing. How in the world did they expect not to be found out? The investors who funded them were in the CDO business (mortgage backed securities) being sold on wall street.
Esssentially the new … (0 comments)

foreclosure: New Listing! Affordable Home For Sale in Taunton- Not a short sale or a foreclosure - 01/18/10 10:45 AM

foreclosure: Another Reason Why a Buyer's Agent is NOT a Luxury in Today's Market.. IT"s A Necessity!- Bristol County Taunton,-Lakeville MA - 11/15/09 01:03 PM
Another Reason Why A Buyers Agent is Not A Luxury in Today's Market.. It's a Necessity
more so  for Foreclosures, Short Sales, and for the first time buyer.
I was at an open house today.  A buyer walked in. He said he just "lost" a house that he was suppose to buy and close on this week.  Naturally I was curious and asked questions .
 He indicated that he knew it was a foreclosure and wanted a "deal". He also said he didn't have a buyers agent or an attorney.  He agreed to buy the house "as is". 
One of my questions … (2 comments)

foreclosure: Rehoboth Ma Real Estate- More Banks Really Are Likely Work With Homeowers Who Are Late With Their Mortgage.. if The Homeowner communicates. - 01/30/09 10:51 AM
I met with a woman this past summer that was 3 months past due with her mortgage. I recommended that she call the bank and see if she can get them to help her stay in her home. She lost her high paying job, took a new job that where she was earning far less than what she was when she first bought her home.  Further, she has a pay option arm mortgage.
The homeowner called me this morning and informed me of how grateful she was:
She worked out minimum monthly payment agreement for 6 months with her mortgage company … (0 comments)

foreclosure: Taunton MA- Bank Owned Horror Stories- Homebuyers don't let this happen to you! - 12/10/08 02:42 PM
I heard this today ....a situation where a buyer submitted an offer on a bank owned property with her buyers agent. The Buyer was given the lock box combo with permission from the listing agent and the buyers agent to go into the property prior to closing and do some fix up work.
The buyer stripped wallpaper, repainted, then.. hired a home inspector.. The home inspector inspected the property and informed the buyer that her $45,000 bank owned home would cost $45000 more to bring to a point where the bank would actually finance the property.. missing copper, structural issues, etc. The buyer … (3 comments)

foreclosure: Foreclosures, REO's, Short Sales- The market of the moment. - 12/03/08 10:33 AM
If you are buyer, you are probably intrigued with purchasing a foreclosure/bank owned property. I think I've seen all the bank owned properties in Taunton this week!
First time homebuyers who use FHA loans must be advised that FHA has strict guidelines on the homes condition. Many homes in the $100,000 dollar range-$190,000 urban Taunton- Need substantial work.
There are still some good ones out there. I know which ones you should stay away from if you'll be using an FHA loan.
Items that will not meet FHA guidelines:
Most of the foreclosed  homes I've been showing have no heat due … (4 comments)

foreclosure: Assonet Real Estate-New Listing - 08/06/08 03:00 PM
Move Right in! You will love the charm when you walk in and experience the open/spacious feeling of this beautiful 3 bedroom home in Assonet. Set on a peaceful side street..1.6 acre, nicely landscaped lot. The comfortable front porch is relaxing after a hard days work. Plenty of room to entertain guests with the screened in separate cabana, and deck that overlooks the private backyard ( nobody can build behind you here!). Inside: Open Floor plan, asthetically appealing coal burning stove in the living room will save you money on your heating bills this winter.. or you can covert to wood. … (1 comments)

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Greater Taunton Massachusetts Homes For Sale and Real Estate Market Value for Home Sellers and Buyers Education for home sellers and home buyers and homes for sale and Real Estate in Taunton MA, Assonet , Lakeville homes,Rehoboth homes,Seekonk homes, Somerset homes, Dighton homes, Berkley homesFall River homes, Swansea homes, Lakeville homes, Easton homes, Raynham and more. Homes Seller Staging tips, house values, housing market values, Real Estate Market Trends. News for Real Estate Agents and Realtors. FREE Nationwide Home Search- FREE Online Home Value for Bristol County Massachusetts including Assonet MA,Taunton MA, Rehoboth, Freetown, Berkley, and more MLS Search Free and surrounding communities. FREE Short Sale,Foreclosures, Bank owned homes, House Auctions, Mortgage calculator too.




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