Boston Metro North Real Estate

Dealing with Residential Real Estate in the Merrimack Valley. Articles on Home Selling, Home Buying, Foreclosure and short sales.
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  • Deed in Lieu of Foreclosure vs. a Short Sale

    A Deed in Lieu of Foreclosure can be a great alternative to look into before considering a short sale.   Basically a Deed in Lieu of Foreclosure is where the owner of the property voluntarily agrees to sign the deed over to the bank.  Like a short sale, a Deed in Lieu of Foreclosure, needs to have the terms negotiated and the bank ...
    Posted to More about Merrimack Valley Real Estate (Weblog) by 108393 on June 23, 2009
  • What is the Short Sale Process?

    The short sale process combines a documentation process and the listing process. The docementation process is much like a loan in reverse.  Your short sale specialist will need the following items:Last mortgage statement2 years of W'2's Last 2 paycheck stubsLast 2 months of your checking and savings bank statementsLast quarter ...
    Posted to More about Merrimack Valley Real Estate (Weblog) by 108393 on April 23, 2009