Lien Holder Approval- What does it mean?

Massachusett Short Sales- What is Lien Holder Approval

With 15-20% of the homes for sale being short sales, many times you will see under disclosures, "sale subject to lien holder approval".  What does lien holder approval mean? Lien Holder Approval Lien Holder Approval means that the seller must, get an "ok" from the lien holder to sell the property for the terms and conditions set forth in the contract.  While yes, the seller owns the home and can choose any offer they like, they may need to ask their lender for approval to sell their home for … Continue reading...

17 Greenmeadow Drive, Billerica MA 01862- MLS# 71388033

17 Greenmeadow Road, Billerica MA 01862

Gambrel  | 3 Bedrooms | 2 Full Baths | 1685 sq |  MLS# 71388033 | $340,000 Seller says Get THIS HOUSE SOLD!! Any reasonable offer will be considered! Showings begin at the first open house on Saturday June 2nd 12-2 followed up with another open house on Sunday June 3rd 12-2.  Offers will be reviewed Wednesday the 6th at 12pm.  Get your offer in. 17 Greenmeadow Drive is located in North Billerica in the 01862 area code. 17 Greenmeadow Drive is located at the end of a large cul-de-sac with … Continue reading...

Two New Real Estate Blogs

Massachusetts Short Sales

I wanted to take the time to introduce two new real estate blogs that I have started in companion to Merrimack Valley MA Real Estate.  Many people have questions about short sales and home buying.  I decided a site for each topic would make it easier for home owners and home buyers. Massachusetts Short Sales MassachusettsShortSales.info is a blog site dealing directly with the topic of Massachusett Short Sales and Avoiding foreclosure in Massachusetts.  While my real estate blog site has … Continue reading...

What is Title Insurance?

Why do I need title insurance

What is Title Insurance? A common question for home buyers is, what is title insurance? Title Insurance is an indemnification policy which insures real property against defects in the title and invalid or unenforceable mortgages.  The company issuing the policy will pay to defend any lawsuits that may arise from title issues, reimburse any financial loss due to any title defects or pay to remove title defects that may inhibit a transfer of the property. If you purchase a home, using an … Continue reading...

Rent vs Buy- Should I Buy a Home?

Sold Home

Rent vs Buy .... which is right for you? Buying a home is a very personal decision for each individual.  Eventually there will become a time where you will investigate whether it makes more sense to rent or buy a home.  Buying a home should never be strictly a financial decision.  While you should definitely consider the financials when buying a home there is also a sense of security and pride of owning your home. Lately, I have been showing some rentals and have noticed that rents are on … Continue reading...

New Massachusetts Open House Page

Massachusetts Open Houses

I just created a page to help home buyers easily identify open houses Middlesex County and Essex County Massachusetts.  You can see every open house in Massachusetts or in a given town.  Hope the Massachusetts home buyers find it useful.  Come back often as open house change weekly!! I also created two new pages identify homes new to the market in Middlesex County and Essex County.  If you have been out looking at houses you know the good ones go fast!!  Find the new homes for sale easily … Continue reading...

The Trilogy: Explaining the Deed, Promissory Note and Mortgage at a Massachusetts Closing

Here is a great article about what gets recorded at a real estate closing. Prospective real estate buyers tend to think of the “mortgage” as the contract they are signing with the bank. This is misleading. The promissory note is the actual contract to loan and borrow money between lender and borrower. The mortgage is the lender’s instrument, or more accurately, its security interest, to enforce that loan contract. This is an important distinction because, if for example, a couple purchases … Continue reading...

New Mobile Optimized site for Massachusetts Home Searches

Mobile optimized Massachusetts Home Search

I am pleased to announce a new mobile home search for home buyers searching for Massachusetts homes and real estate for sale.  If you have an Android, Blackberry or IPhone you can bring your home buying on the road with you any where!!  Mobile IDX is a mobile optimized site and no app is necassary to startwearching for your new home today. This mobile based version allows you to search for homes based on town, specific criteria or even a map based search. Do a radius search or even using your … Continue reading...

Surprises are for Birthdays- Not Real Estate Closings!!

MLS Property Finder- Massachusetts Home Search

In the tumultous real estate climate there are many reasons your purchase may fall apart revolving around financing.  Here are a few tips to keep you in check and prevent heartache. Don't change your credit profile- Do not open any new lines of credit.  It may be obvious not to purchase a new car or a boat, yet buyers still do it.  More importantly some people open lines of credit to buy furniture, appliances and other household items.  Wait until after the closing to open any new lines of … Continue reading...