Posts tagged as:
Many REO home sales in Massachusetts have stalled recently, unable to close due to a MA Land Court ruling back in March that invalidated two MA foreclosure sales. As described in the current edition of Banker and Tradesman, home buyers and Realtors® are now reporting that many post-foreclosure sales of REO (Real Estate Owned) homes [...]
{ 2 comments }
It’s often ‘buyer beware’ with Massachusetts foreclosures. This is especially the case for unwary buyers of MA foreclosed homes that lack public sewer service. The Title 5 regulations can make buying foreclosed homes with private septic systems a tricky proposition. As you probably know, the Title 5 regulations in Massachusetts mandate that all homes not [...]
{ 11 comments }
Buying a home from a bank after the foreclosure auction can be very lucrative. And by buying a foreclosed property, you are performing an important function in helping stabilize the real estate market in general as well as the neighborhood in which the home is located. But REO home sales carry a hidden problem for [...]
Real Estate Owned (REO) sales are increasingly common on the MLS in Massachusetts. These REO sales are post-foreclosure offerings by the lender often via an agent using the MLS. So most REO homes are easy to find and any agent with MLS access can show these listings. As you will find when you look at the insides [...]
{ 0 comments }
Warren Reynolds, Esq, GRI, e-PRO
Tel: 508.613.2889 | Contact
Century 21 Commonwealth
15 West Central Street
Franklin, MA 02038
Website Design by TCwebsite.
