Real Estate Foreclosures In MAssachusetts - Finding Them

By
Real Estate Agent with http://www.CapeGroup.com & http://www.REindex.com 9023635

Real Estate Foreclosures In MAssachusetts - Finding Them

Finding foreclosures in MAssachusetts is a matter of knowing how and where to look - and then what to do next.  If you know how to look for pre-foreclosures, you may be able to find owners who would like to sell instead of being foreclosed on.  But not all foreclosures or pre-foreclosures are worth spending time researching.

In MAssachusetts, anyone can find details for any property - if the seeker knows where to look and what to look for.  One thing that can be found is a document that is required in order for a mortgage holder to start the foreclosure process. If you know what to look for, it can help start the research process for identifying foreclosures and pre-foreclosures.

There are laws for making contact with anyone who has received indications that they are in arrears on a mortgage.  Make sure you know what you're doing before you contact anyone.  Sometimes, these properties can be purchased ahead of foreclosure, to provide an option to the debtor other than foreclosure.

An example search I recently did in one place, returned 14 possible pre-foreclosure properties for the month of January 2015.  The same place had evidence of 6 actual foreclosures.  Once an address is identified, the mortgage being foreclosed on and the other encumbrances can be further researched to find the possible debt(s) that the property has on it.  Specific information can help to  identify properties with reasonable price possibilities.

Each Investor uses their own formula for evaluating property. Some drive by, some make effots to access the property, and some just rely on straight math.  Cash buyers always have an advantage in any bidding process.  Knowing where to look is only the beginning step. The other parts require good legal advice and support, and a knowledgeable, experienced real estate professional.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Massachusetts
Groups:
Independent Brokerages
Almost Anything Goes
Free Tools For Real Estate Agents
Positive Real Estate News
Post Your Properties Here
Tags:
foreclosure
massachusetts foreclosures
real estate in ma
ma foreclosures
how to find foreclosures
find foreclosures in ma
ma real estate listings foreclosures

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,668,977
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

I hope you get lots of buyers from this post - it certainly is an interesting topic still for many investors

Feb 07, 2015 12:23 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
595,080

Associate Broker Falmouth MA Cape Cod Heath Coker

Heath Coker Robert Paul Properties Falmouth MA
Ask me a question
*
*
*
*
Spam prevention

Additional Information