Methuen MA Foreclosures and Bank Owned Homes for Sale

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Real Estate Agent with Virtual Homes Real Estate

Methuen MA Foreclosures, Short Sales and Bank Owned Homes for Sale

Purchasing a home at a Methuen MA foreclosure auction has many risks to a potential buyer and in most cases the bank will bid and take possession of the property at auction. The property is then referred to as bank owned, REO (real estate owned) or foreclosed property.

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 that the lender will accept an offer at or above the listed price.

Bank-owned and short sale listings are often marketed with a real estate agent and placed in the Massachusetts Multiple Listing Service (to ensure full market exposure).

Register at Methuen MA foreclosures (bank-owned) listings and short sale opportunities. We will contact you and provide:

  • A list of existing real estate foreclosure (bank-owned) and short sale listings in Methuen.
  • Email alerts on NEW foreclosure (bank-owned) and short sale listings in the MA MLS.
  • Address and mapping information.

Methuen MA Real Estate

For community information including school reports, demographic, relocation, home buying and selling information go to Methuen MA real estate. Visit Methuen MA MLS - Homes for Sale for a mapped based search of property listings by street and neighborhood.  Utilize the the Methuen foreclosures popular search link for quick results.

 Methuen Map

For information regarding foreclosures in other towns and cities visit Massachusetts foreclosures, New Hampshire foreclosures and Connecticut foreclosures.

In addition to Methuen MA foreclosures and bank owned homes, Virtual Homes real estate agents provide home buying services for foreclosed real estate in surrounding communities. Please call 800-856-2479 for information.

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Topic:
Home Buying
Location:
Massachusetts Essex County Methuen
Tags:
methuen real estate
methuen ma foreclosures
methuen ma short sales
methuen ma bank owned
methuen foreclosed
methuen massachusetts

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Rainmaker
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Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

Lynda, I was at a recent foreclosure (which was well attended by registered bidders) the bidding started at a redicuously low price, but quickly accelerated to near current market value...when the bank made it's final bid which was $25,000 more than a recent sale (same unit & floor plan)...We all walked out thinking this was a waste of time....It will come back on soon for $50,000 less than the banks bid.

Sep 12, 2010 11:51 AM #1
Rainmaker
105,001
Lynda Longmire
Virtual Homes Real Estate - Stoneham, MA

Thanks Steve, Yes, that is the usual procedure at a foreclosure auction, unfortunately, many consumer believe that is where the "bargains" are, often confusing foreclosure properties with REO.

Sep 12, 2010 01:07 PM #2
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Rainmaker
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Lynda Longmire

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