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Saturday, July 03, 2010 9:11 AM

Misconception about the Declaration of Homestead

The Declaration of Homestead Act basically allows a homeowner to protect up to $500,000 in equity in their home against creditors. The home must be the homeowners primary residence. I have recently run into a situation where homeowners are stunned that
Posted by Kevin Vitali | 0 Comments
Thursday, June 03, 2010 6:05 PM

Wakefield MA- Short Sale Closed Today!!

Successfully closed on a short sale in Wakefield Massachusetts today. This home was a relatively easy one. US Bank was the only lien holder and we received short sale approval in 15 days from submitting the package. No deficiency judgments!! From the
Posted by Kevin Vitali | 0 Comments
Thursday, May 27, 2010 10:25 AM

Buying a Short Sale- What you must know....

Definition of a short sale: A short sale of a property is where a homeowner must sell their home due to a hardship (usually financial) for less money than what is owed to the mortgage holder(s). In a short sale the seller must get permission from the
Posted by Kevin Vitali | 0 Comments
Monday, May 24, 2010 3:52 PM

Short Sale Success in Haverhill MA

18 Jeffery Lane, Haverhill MA 01832- Sold $160,000 2 Bed, 1.5 Bath, 1240 square feet- Townhouse Last week we were able to close on this townhouse last week. The transaction was a short sale and required lien holder approval form the first lien holder,
Posted by Kevin Vitali | 0 Comments
Tuesday, May 11, 2010 10:01 AM

The Short Sale "Hardship"

For many homeowners a short sale is the last option before foreclosure. When a bank is considering a short sale they aren't doing it just because the seller is upside down on their home. They are generally looking for a financial hardship to justify
Posted by Kevin Vitali | 1 Comments
Monday, May 10, 2010 3:29 PM

Dracut Massachusetts Short Sale Successfully Closed- No Deficiency Judgements!!

Another Dracut MA Short Sale Successfully Closed Short Sales can be a complicated real estate transaction. My Short Sale team and I just successfully closed another short sale in Dracut Massachusetts. This particular home required short sale approval
Posted by Kevin Vitali | 0 Comments
Thursday, May 06, 2010 7:30 AM

Colonial For Sale in Ayers Village

• 3,328 sq. ft., 3 bath, 4 bdrm colonial - MLS® $460,000 Ayers Village, Methuen - Beautiful, modern colonial, set back on its own private oasis. Built in 2005 this home offers plenty of space, large eat in kitchen, many rooms with hardwoods and
Posted by Kevin Vitali | 0 Comments
Monday, May 03, 2010 5:03 PM

Short Sales and Your Tax Liability

There is a lot of confusion surrounding the tax liability in regards to the forgiveness of debt when it comes to a short sale. First off it is important to state you are concerned about the tax liability in a short sale, you should definitely talk to
Posted by Kevin Vitali | 1 Comments
Saturday, May 01, 2010 6:44 AM

Downtown Haverhill Loft for Sale- Short Sale

• 985 sq. ft., 1 bath, 1 bdrm other - MLS® - Stunning Loft Just Reduced- $79,000 Downtown, Haverhill - Stunning downtown loft with a one minute walk to the train station. Large windows, high ceilings and exposed bricks make this loft and exciting
Posted by Kevin Vitali | 0 Comments
Thursday, April 15, 2010 6:53 AM

Short Sale Myth Buster

I find much confusion among buyers and many agents when it comes to who controls a short sale property. The mortgagor or owner of the property still owns and controls the property. What does this mean? If an offer is tendered on a short sale property
Posted by Kevin Vitali | 0 Comments
Sunday, March 28, 2010 10:02 AM

Dracut MA- Completed Short Sale

I just successfully completed a successful short sale transaction for 22 Redgate Road in Dracut Massachusetts. Wells Fargo was the first lien holder as well as the second lien holder. Sold for $325,000 If you are facing foreclosure, call Kevin at 978-360-0422
Posted by Kevin Vitali | 1 Comments
Monday, February 15, 2010 4:27 PM

Wakefield home in a Great Neighborhood... Must see!!

Great potential for this home needing TLC. Homes in the neighborhood selling for much more. Excellent neighborhood setting on a side street that is close to town and Route 95/128. Master bedroom on its own level. Very spacious finised lower level for
Posted by Kevin Vitali | 0 Comments
Tuesday, February 09, 2010 1:57 PM

Obama Admisitration Looking at Short Sales

Seth Wheeler, Senior Advisor to the Treasury Department, is indicating that the Obama administration will take a closer look at foreclosures and deed in lieu of foreclosure as a solution to homeowners that are in a financially distressed situation. It
Posted by Kevin Vitali | 0 Comments
Monday, January 18, 2010 4:53 PM

New to Market- 140 Old Ferry Road Unit J

Riverside, Haverhill - Announcing a price reduction on Unit J-140 Old Ferry Road, a 1,052 sq. ft., 2 bath, 2 bdrm 2 story. Now MLS® $110,000 - Affordable Townhouse. Property information
Posted by Kevin Vitali | 0 Comments
Thursday, December 24, 2009 9:59 AM

Buyers Avoid Dissappointment when dealing with Short Sales

First the bad news!! Short sales take time. I may be 90-120 days before you receive a response to your offer, sometimes more. You must be able to wait several months before receiving a response from the seller/bank regarding your offer. The good news!!
Posted by Kevin Vitali | 0 Comments
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