Boston Metro North Real Estate

I have written past articles about why you should consider a short sale over a foreclosure. Lately, I have been on a few short sale appointments where the home sellers feel if they are going to lose their home anyways why bother with a short sale instead of a foreclosure. So I thought it was worth reiterating why a short sale is usually more ...

Downtown Arts District, Lowell  -  The other at 30 Market Street, Unit 14 has been sold.30 Market Street was a short sale with a first and second loan with Bank of America (also had to negotiate with a mortage insurance company). Listed in November and closed in June. Client sells in a short sale and walks away happy. ...

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 lender standpoint this was perfect, no issues no additional liens.  many ...

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 doing the short sale.  The hardship letter and the financial package basically ...

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 your accountant.  Nothing surpasses professional advice.  In 2007, President Bush ...