Boston Metro North Real Estate

A Deed in Lieu of Foreclosure rather than a foreclosure might be an alternative for home owners in financial distress. A Deed in Lieu of Foreclosure is when the home owner voluntarily agrees to sign the deed over to the mortgagee (Bank). Similar to short sales, a Deed in Lieu of Foreclosure, the terms need to be negotiated with the bank. ...

There is a lot of news media how bank owned properties (also called Foreclosed, REO) are on the rise.  Many buyers are out sorting through these foreclosed home to find the deal of the century. Is a foreclosed home really a deal? Maybe is the true answer.   In areas where there are large numbers of distressed homes the bank may be ...

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 ...

I recently have had a few people contact me after about doing a short sale on their home.  They have tried to modify their loan and they were disappointed with the results.  They then stop paying their mortgage thinking they will do a short sale.  They feel that they owe way more money on their home than it is worth. The banks ...

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 ...

I have run across a great list of non-profit organizations that offer free foreclosure help.  They will counsel you on your situation and help you decide a course of action for your situation.  This is a great place to start out to see what your options are to foreclosure Foreclosure Help List By Town   Information on short sales ...

Just ran across this information that might be useful to people in danger of foreclosure  It is a little last minute to find out about the workshops, but it may be worth the trip.  Friday, April 3, 2009 2:00 p.m. - 8:00 p.m. Registration closes at 7:00 pm The Conference Center at Massasoit 770 Crescent Street Brockton, MA ...

If your looking at foreclosure, you need to know there are several options to foreclosure.  Do not let the bank take your home through foreclosure.  Foreclosure should be the last resort. Situations vary from homeowner to homeowner, and there is no one solution.  What option are available to you instead of ...