Few Fannie Mae properties in Pioneer Valley qualify for “First Look” incentive program Reply

The icon that appears on certain REO properties listed by Fannie Mae that qualify for the incentive.

The icon that appears on certain REO properties listed by Fannie Mae that qualify for the incentive.

Massachusetts in one of 27 states where home buyers who purchase certain properties can receive up to 3.5% of the final sales price in closing cost assistance from Federal National Mortgage Association, also known as Fannie Mae.    More…

Federal Reserve Bank of Boston offers interactive tool regarding Massachusetts foreclosures Reply

I recently discovered this great interactive map of the commonwealth. It allows you to look at the Massachusetts foreclosures statistics by town and by year, as well as other information? Click here to check it out.  The photo below is just a screen shot. More…

A bill addressing short sales could help prevent declining home values and declining personal wealth Reply

A new bill has been submitted that will require lenders to respond to short sale requests in a timely manner.

Short sales are when a homeowner sells a property for less than what is owed to the bank.  I have handled a few short sales and they are not fun.   I even had a situation where the bank took so long to respond that the buyer walked away from the transaction.   The bank then sold the property for less than the offer that was being considered, much to my chagrin. More…