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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  • 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 it is still up to the owner whether they choose to forward an offer or contract to ...
    Posted to More about Merrimack Valley Real Estate (Weblog) by 108393 on April 15, 2010
  • 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 appears loan modification have not worked in the way the administration was hoping ...
    Posted to More about Merrimack Valley Real Estate (Weblog) by 108393 on February 9, 2010
  • Who Pays the Real Estate Commission in a Short Sale?

    One of the biggest question/ concerns a short seller has, is "Who will pay your commission in a short sale?". The answer is very simple.  In a successful short sale negotiation the lender will pay the real estate commission.  There are also other fees in the transaction that must be paid:Real Estate CommissionAttorney Fees ( ...
    Posted to More about Merrimack Valley Real Estate (Weblog) by 108393 on April 25, 2009