Real Estate and *stuff *
A real person helping real people with real estate
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Short Sale Cape-Style at 14 Marcam Village Rd., Unit 14, N. Oxford, MA.-$140,000!
February 15, 2016
This is an excellent short sale property ready to move at $20,000 *BELOW* what it was assessed at!
A true steal at just $140,000! This property is at 14 Marcam Village Road, Unit 14 in North Oxford. 6 rooms, 3 bedrooms and 1.5 baths, open floor plan with a finished basement. Located in a super quiet community and has 4 parking spots available. Call us today!
Open Houses Saturday (tomorrow) & Sunday ONLY 12pm-2pm at 40 Burbank Ln., Lancaster!
February 12, 2016
(MLS: 71957451). Newer colonial in a premier setting at 40 Burbank Lane in Lancaster!
Cul-de-sac location and set back from the road to maximize the privacy of the 3.62 acres. 4 beds, 2.5 baths and nearly 3000 sq feet that includes a full Master Suite with private bath, first floor office, formal dining room and family room. Large kitchen features a center island that can seat 6 people. This custom kitchen with granite counters has expanded features to include a pantry, wine rack and china cabinet. Additional seating area with wood burning fireplace with easy access to the back deck through the sliders really makes this a space to be in! The upper level features generous bedrooms with a full Master Suite that includes a walk-in closet and private bath with Jacuzzi tub. Additional space can be had in the unfinished walk up attic or unfinished walk out basement. Central a/c, workshop and 2 car garage! Don’t miss this short sale opportunity!
***Viewings during open houses THIS WEEKEND on Saturday (tomorrow) 12pm-2pm and Sunday 12pm-2pm ONLY***
Short Sale Cape-style at 14 Marcam Village Rd., Unit 14 in N. Oxford – $140,00!
February 8, 2016
This is an excellent short sale property ready to move at $20,000 *BELOW* what it was assessed at. A true steal at just $140,000! This property is at 14 Marcam Village Road, Unit 14 in North Oxford. 6 rooms, 3 bedrooms and 1.5 baths, open floor plan with a finished basement. Located in a super quiet community and has 4 parking spots available. Call us today!
New listing in Marlborough!
August 2, 2014
 
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REMAX Prof Assoc : 246 Boston Turnpike Road – Shrewsbury, : 617-899-2146 |
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Home
BANK PRICE! What an opportunity on 12+ acres!
May 21, 2013
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©2013 Imprev, Inc.Home owners win two important tax benefits in the fiscal cliff deal
January 5, 2013
The fiscal cliff deal Congress passed this week lets home owners keep the tax deduction for private mortgage insurance payments. It also says troubled home owners won’t owe income tax on amounts forgiven during a mortgage workout or foreclosure.
PMI is what you pay your lender each month if you put down less than 20% on a home, which protects the lender if you default on the home loan.
Without mortgage cancellation relief, home owners who have a portion of their mortgage forgiven as part of a workout plan, short sale, or foreclosure would have to pay income tax on the forgiven amount. This will keep the market moving forward!
In addition, the American Taxpayer Relief Act of 2012 lets home owners continue to keep up to $500,000 ($250,000 for individuals) in home sale profits tax-free. Only home sellers whose income is $450,000 or above (or singles earning $400,000 or more) and who net more $500,000 on the sale of their home would pay taxes on the excess capital gains. For the vast majority of home sellers, there’s no change.
For those earning above the $400,000-$450,000 threshold, the cap gains rate would rise to 20% from 15%.
Congress extended the tax deductions for all mortgage insurance premiums and for state and local property taxes, which, along with the mortgage interest deduction, are important tax considerations for home owners and buyers.
Nondelinquent Borrowers Soon to Be Eligible for Short Sales
October 30, 2012
This is HUGE and a potential solution for homeowners who have been struggling but still making their payments.Mortgage giants Fannie Mae and Freddie Mac have issued new rules, which will take effect Nov. 1, that will allow short sales for underwater borrowers who have never missed a mortgage payment. Previously, Fannie and Freddie allowed only home owners who had missed payments to qualify for a short sale.
Eligible borrowers under the new rules will need to show a hardship to qualify for a short sale, however. Hardships may include unemployment or a death of a spouse.
Inman News points out one potential flaw to the new rule, however: The nondelinquent home owners who undergo a short sale will likely take just as big a hit to their credit score than if they had missed loan payments and gone into a foreclosure.
“Under current national credit reporting practices, those nondelinquent borrowers are likely to be treated the same for credit scoring purposes as severely delinquent owners who go to foreclosure after months of nonpayment, or who simply toss back the house keys and walk away in strategic defaults,” writes Ken Harney for Inman News.
Credit agencies use no special coding to indicate that a short sale was without delinquency. Therefore, home owners could see their credit scores drop 150 points or more after the short sale.
However, officials at the Federal Housing Finance Agency, which oversees Fannie and Freddie, told Inman News they are “in discussions with the credit industry” to explore ways to fix the credit score problem for those who haven’t missed a payment but undergo a short sale.
Source: “Damage to Credit Scores Could Trip Up New Fannie, Freddie Short Sale Program,” Inman News (Oct. 23, 2012)
If you would like more information on this or a private consultation to determine if you are eligible for a short sale, please contact me at 508-784-0504 or amymullen@remax.net. For more information online: www.dontforeclosenow.com
Why Foreclosures Are Awesome – REPOST
August 20, 2012
Even though dirty and uncomfortable…here is why foreclosures are necessary for this market:
Serving those who serve…special VA Home buying, selling and financing meeting
July 18, 2012
This is a GREAT opportunity to find out more about VA Home Loans in person! Active or retired service men and women are eligible for a variety of benefits around home ownership including purchasing with no down payment and no minimum credit scores. Home owners that currently have a VA home loan have a special marketing advantage! New opportunities to short sale with a VA Home Loan exist as well!
Refinance your existing VA Loan to a lower rate or a fixed rate and enjoy the savings!
Whatever your VA Home Loan need – we’re here in person to answer your questions and give you some free information. No obligation, no contracts – just stop in between 5pm and 7:30 on Thursday, 7/19 at the RE/MAX Professional Associates office at 246 Boston Turnpike in Shrewsbury (Route 9 east).
Do you have questions about today’s real estate market?
May 16, 2012
Questions like…
- Do I need 20% down to avoid PMI?
- How long do I have to wait after a short sale or foreclosure?
- Do I need perfect credit?
- When does the market hit bottom?
- Where is the best place to buy?
- How much will I save?
- How much are closing costs and fees?
- What is the current rate?
We have answers!
Come to our FREE networking meeting about how to make the money you spend in rent WORK for you! Find out more about today’s real estate market, investment opportunities and the true cost of not being a home owner. No obligation, just show up with your questions. Join Wes and myself for a relaxed, no obligation meeting to find out the answers to the questions you have.
WHEN: Two dates to choose from: May 17th or 24th at 6pm to 7:30pm
WHERE: Prestige Home Mortgage 45 Lyman Street Westborough MA – Terrace Level
Real Estate and *stuff * 