Interested in purchasing a townhome in Grafton Massachusetts? This town home at 43 Lincoln Lane in the Forest Hills neighborhood is just spectacular. This Amherst design is the former model home for the development. It is loaded with upgrades and extras. It is listed at $364,900 and is a short sale.
Watch the slide show video to see the gorgeous interior of this townhome.
See 43 Lincoln Lane Grafton Massachusetts for additional information.
*** Update ~ This Grafton townhome sold on 10/28/2009 for $350,000. ***
For other local Real Estate information visit Grafton Mass Real Estate
Thinking of selling your Home? Here are a few Real Estate articles that may be of interest:
Top ten mistakes to avoid when selling your Massachusetts home
Preparing your Massachusetts home for the Spring selling season
Selling your home does not have to be a mystery
About the Author: The above Real Estate information on 43 Lincoln Lane Grafton Massachusetts was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356.
Showing posts with label short sales. Show all posts
Showing posts with label short sales. Show all posts
Tuesday, April 7, 2009
Sunday, March 15, 2009
Fannie Mae Says No More Reduced Short Sale Commissions
If you are a Massachusetts Realtor or even someone who is selling a home and needs to do a short sale, the fact that Fannie Mae has dropped the hammer on banks trying to reduce a Realtor's commission is welcome news!
Short sales require much more work from the Real Estate agents involved than a traditional sale. To read the complete story see on why this is such a victory for those that need to do a short sale in Massachusetts see Fannie Mae Short Sale Commission No Longer Reduced.
Need to do a short sale in the Metrowest Massachusetts area? Having good representation is real important. Here are a few other articles I have written on the subject.
Avoiding foreclosure by a short sale or loan modification
Deed in lieu of foreclosure and short sales
Massachusetts short sales information
______________________________________________________________________________________________________
About the Author: The above Real Estate information on Fannie Mae short sale commissions no longer reduced was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356.
Have a home to sell in Metrowest Mass? I have a passion for Real Estate and love to share my marketing expertise!
For Metrowest Massachusetts Real Estate and homes see Metrowest Mass Real Estate. Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.
I service the following towns in Metrowest Massachusetts: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, Franklin, Douglas, and Framingham MA.
Click here to view Bill Gassett's Real Estate profile.
SUBSCRIBE TO MY METROWEST HOMES BLOG via email.
Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 23 years.
Thursday, December 18, 2008
Massachusetts Short Sale Realtor
Do you own a home in the Metrowest Massachusetts area and are considering a short sale? Working with someone or even a team of people that know how to successfully complete a short sale is very important. There is no room for error in picking a Realtor to work with when doing a short sale because you are very likely not to far away from having to deal with a foreclosure.
The last thing you want as a homeowner is to experience a foreclosure. Besides the fact you are losing your home, your credit will be damaged for years. Here are a few articles that I have written that will explain short sales, a deed in lieu of foreclosure and also a loan modification. These options are all a means of avoiding a foreclosure and getting you out from under your mortgage debt.
Avoiding foreclosure by a short sale or loan modification
Deed in lieu of foreclosure and short sales
Picking a Massachusetts Short Sale Realtor
Massachusetts short sale debt removal
Questions to ask a Massachusetts short sale listing agent
I have been successfully completing short sales and would welcome the opportunity to help you escape your debt. In most cases the options available to you will be far better than losing your home. For a complete explanation on the whole short sale process see Massachusetts Short Sales.
Sunday, July 20, 2008
What is a Short Sale?
I have been getting this question asked quite often lately with Real Estate in Massachusetts taking the proverbial "big hit".
For those that have been hearing the term "short sale" and don't quite understand what it means, a short sale is a legal lender approved solution designed to assist those home owners who are financially strapped to get out from under their mortgage debt.
A short sale is negotiated through the mortgage holder of an owners home where by the mortgage holder agrees to take less than what home owner owes on the property.
An example of a short sale would be if a home owner owes $400,000 on their current mortgage and their home is only worth $375,000. The lender in this example would agree to take a short fall of $25,000 at closing. In many cases the mortgage holder may completely wipe out the debt and the home owner does not have to repay the 25k.
The home owner benefits in this situation because they get out of a sticky financial mess without going to foreclosure which can seriously damage your credit.
You may be thinking why would a mortgage holder want to allow a short sale? There are a number of reasons, most notably the cost involved for the lender going through a foreclosure proceeding. The mortgage holder when all is said and done can easily spend $40,000-$50,000 going through a foreclosure. This avenue can save the lender money they would otherwise lose.
With property values continuing to drop in Massachusetts there are many more lenders who will consider the short sale route.
As a Realtor representing a seller in a short sale scenerio there some issues you need to be aware of. See Ethics in a short sale for an explanation.
When selling your home and you know you are going to be faced with a short sale make sure you choose to work with a good Realtor who has some working knowledge of short sale procedures! A good Real Estate lawyer in your corner who has worked with short sales would also be an important consideration.
For a more in depth view of some of the other things worth mentioning regarding short sales see Massachusetts Short Sale Realtor.
Here are a few other short sale articles worth reading:
Avoiding foreclosure through a short sale or loan modification
Short sales and deed in lieu of foreclosure
Massachusetts short sale problems to avoid
______________________________________________________________________________________________________
About the Author: The above Real Estate information on what is a short sale was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356.
Have a home to sell in Metrowest Mass? I have a passion for Real Estate and love to share my marketing expertise!
For Metrowest Massachusetts Real Estate and homes see Metrowest Mass Real Estate. Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.
I service the following towns in Metrowest Massachusetts: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, Franklin, Douglas, and Framingham MA.
Click here to view Bill Gassett's Real Estate profile.
Subscribe in a reader
SUBSCRIBE TO MY METROWEST HOMES BLOG via email.
Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 23 years.
Tuesday, July 1, 2008
Home Foreclosures Hitting Record Highs in Massachusetts!
The number of foreclosed properties in Massachusetts hit a record high in May! According to the Warren group, a publisher of Real Estate information, foreclosure deeds jumped by 107.5 % from May of 2007 to May of 2008. The number of foreclosure homes went from 677 to 1405.
Below are the statistics for a few of the towns in the Metrowest and Greater Worcester area:
Milford
YTD petitions to foreclose 2007: 57
YTD petitions to foreclose 2008: 90
* A jump of 57.89%
YTD foreclosure deeds 2007: 5
YTD foreclosure deeds 2008: 42
* A jump of 740%
Medway
YTD petitions to foreclose 2007: 11
YTD petitions to foreclose 2008: 14
* A jump of 27.27%
YTD forecosure deeds 2007: 2
YTD foreclosure deeds 2008: 6
* A jump of 200%
Northbridge
YTD petitions to foreclose 2007:
YTD petitions to foreclose 2008
* A jump of 31.82%
YTD foreclosue deeds 2007: 11
YTD foreclosure deeds 2008: 15
* A jump of 36.36%
Hopkinton
YTD petitions to foreclose 2007: 17
YTD petitions to foreclose 2008: 19
* A jump of 11.76%
YTD foreclosure deeds 2007: 1
YTD foreclosure deeds 2008: 5
* A jump of 400%
Most people are aware that the local Real Estate market peaked in the Spring of 2005. Since that time we have seen the local Real Estate market continue to slide. This is know as a "buyers market". There are many home sellers today that have still not come to the realization that their home is not what it was worth a few years ago. Unfortunately, most peoples homes are not worth the same as they were 6 months ago! Market values have not hit bottom either. If I were a betting man, I would venture to guess we have a ways to go before we hit the bottom.
We have been lucky locally as there really has not been that many foreclosed homes. With the number of foreclosed homes on the rise and home values continuing to drop, it really makes sense as a home seller to be smart when you get an offer on your home. Losing a deal over a few thousand dollars is usually a big mistake.
If the foreclosure market does increase to the point where there are many more bank owned homes hitting the market, we will see a bigger drop in home values. When a similar or better bank owned home down the Street is on the market for X, don't expect that you can put your home on the market for X + 20k and expect to sell it. It is not going to happen. Short sales can also drag the Real Estate market down as well and we will be seeing more of that too.
The take home message is to make sure you make a wise decision when you think about holding out for a few extra $$$. Don't cut off your nose despite your face in this challenging market.
Below are the statistics for a few of the towns in the Metrowest and Greater Worcester area:
Milford
YTD petitions to foreclose 2007: 57
YTD petitions to foreclose 2008: 90
* A jump of 57.89%
YTD foreclosure deeds 2007: 5
YTD foreclosure deeds 2008: 42
* A jump of 740%
Medway
YTD petitions to foreclose 2007: 11
YTD petitions to foreclose 2008: 14
* A jump of 27.27%
YTD forecosure deeds 2007: 2
YTD foreclosure deeds 2008: 6
* A jump of 200%
Northbridge
YTD petitions to foreclose 2007:
YTD petitions to foreclose 2008
* A jump of 31.82%
YTD foreclosue deeds 2007: 11
YTD foreclosure deeds 2008: 15
* A jump of 36.36%
Hopkinton
YTD petitions to foreclose 2007: 17
YTD petitions to foreclose 2008: 19
* A jump of 11.76%
YTD foreclosure deeds 2007: 1
YTD foreclosure deeds 2008: 5
* A jump of 400%
Most people are aware that the local Real Estate market peaked in the Spring of 2005. Since that time we have seen the local Real Estate market continue to slide. This is know as a "buyers market". There are many home sellers today that have still not come to the realization that their home is not what it was worth a few years ago. Unfortunately, most peoples homes are not worth the same as they were 6 months ago! Market values have not hit bottom either. If I were a betting man, I would venture to guess we have a ways to go before we hit the bottom.
We have been lucky locally as there really has not been that many foreclosed homes. With the number of foreclosed homes on the rise and home values continuing to drop, it really makes sense as a home seller to be smart when you get an offer on your home. Losing a deal over a few thousand dollars is usually a big mistake.
If the foreclosure market does increase to the point where there are many more bank owned homes hitting the market, we will see a bigger drop in home values. When a similar or better bank owned home down the Street is on the market for X, don't expect that you can put your home on the market for X + 20k and expect to sell it. It is not going to happen. Short sales can also drag the Real Estate market down as well and we will be seeing more of that too.
The take home message is to make sure you make a wise decision when you think about holding out for a few extra $$$. Don't cut off your nose despite your face in this challenging market.
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