Junior Liens and the Short Sale

A Junior Lien is usually a second mortgage or home equity lien of credit but can also be mechanic's liens, child support liens, credit card liens, attachment for repossessed automobile or a number of other situations.  Many home owners financed their home with a combination of two loans. They are called Junior Liens because they are junior or second in line to the primary or first lien (usually your first mortgage).  The order that the liens are filed are usually the order that they get paid … Continue reading...

The Move Up Home Buyer

Moving up in a buyers market

One thought thrown around by home sellers is... I will wait until my home was worth 5 years ago before I purchase a new one. Seems to makes sense.... or does it? On the surface it probably seems to make sense for many Massachusetts homeowners that are looking to sell their home and buy a new one. I would like to show you why, you might want to reconsider.  Selling your home in a down market or buyers market to purchase a larger more expensive home can make a lot of sense from a financial … Continue reading...

When Should I Consider a Short Sale on My Home?

There are many things to consider when you are deciding when to short sale your home.  As a Massachusetts Real Estate Agent who has specialized in short sales over the past four years, the most important piece of advice I can give you is remove the emotion and work through the decision pragmatically.  I know, easier said then done. Once you see yourself in trouble work quickly through your options.  Once you start missing mortgage payments its harder and harder to get caught up.  The mortgage … Continue reading...

How Low is too Low for an offer on a Short Sale?

This questions was just asked on Trulia, "I am interested in a short sale property which has been on the market for 2 years. How low is to low of an offer?" I thought it was a great question, as many home buyers think that a short sale means they can steal the property.  In most cases, that is not true.  Does it happen? Yes, but very infrequently.  Unfortunately, many home buyers are disappointed and miss out on great homes because they do not understand how banks think about … Continue reading...

12 Senee Court Amesbury MA 01913- MLS#71203581

For Sale 12 Senee Court Amesbury MA 01913- MLS#71203581 Sorry its Sold!!  View all the Amesbury MA condominiums for sale Townhouse   3 Bedroom   1.5 Bath  1190 square feet Highly affordable Amesbury MA Townhouse located in Whitehall Lakes Condominiums.  Vaulted ceiling in the large living room.  Hard to find 3 bedroom condo!! Nice open concept through the the main living area.   Great private patio though dining room slider with extra storage.  If affordability and size is what you are … Continue reading...

Three Simple Tips to Prepare Your Home to Sell

Massachusetts home sellers need to clean, clean, clean!!

As the spring market starts to heat up, home sellers are getting their homes ready to enter the real estate market.  There are three simple tips to prepare your home to sell. While your home may benefit from some costlier repairs, not every home seller can spend a lot of money preparing there home for the real estate market.  But, there are three simple, no cost our low cost solutions that a home seller can do to prepare their home.  First impression are very important with most things in life.  … Continue reading...

Ultimate Online Property Search for Massachusetts Home Buyers

Advanced Map Based Search for Massachusetts Real Estate for Sale

I have spent a considerable amount of time researching the best online home search that I can for Massachusetts home buyers. I have found a system that bring the best of both world to home buyers.  It a both a list based search as well as a map based search.  It easily allows you to see where each property is in a given community. It feeds directly from the Massachusetts Multiple Listing Service with the most up to date home information. My online home search also allow you to search by many … Continue reading...

Who Pays the Fees for Short Sales in Massachusetts?

A common concern for many upside down homeowners in Massachusetts that are considering a short sale is..... Who pays the fees associated with the short sale, including Realtor Commission and Attorneys Fees? It may vary depending on who you use as a Short Sale Realtor/ Short Sale Negotiator.  But my short sale team, made up of myself and my attorneys office do not typically charge the homeowner any fees to complete a Massachusetts Short Sale.  Our fees and typical closing costs are contingent … Continue reading...

The Short Sale Hardship Letter for Massachusetts Short Sales

Massachusetts Short Sales- Acceptable hardships

One of the vital pieces the banks are looking for in a short sale is the financial hardship.  You will be asked to submit a hardship letter.  I have a format that I use for all of my short sale sellers. Remember to keep in simple!!  The short sale hardship letter should be neatly handwritten and reduced to less than one page.  Bear in mind the short sale negotiator is working on hundreds of files and don't want to be reading page after page of why you can no longer make your mortgage … Continue reading...

96 Summer St – Unit 1 Haverhill, MA 01830- MLS 71197127

Haverhill MA Short Sale

Sold for $ 82,000  Another successful short sale!! 96 Summer St - Unit 1 Haverhill, MA 01830- MLS 71197127 3 Bedroom 1 Bath 960sqft Taste, style and charm abound in this spacious, well decorated home. Lots of large windows and soaring ceilings splash this unit with sunlight. Rooms are very large. 2 Fireplaces, hardwood floors detailed door, window and crown molding and other great details add to the appeal of this gorgeous unit. The eat in kitchen is newer with a large pantry. … Continue reading...