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MLS# 70860825 Single Family Home $529,900 Danvers, Massachusetts  

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Foreclosures

The problems in the sub prime lending area have led to a high amount of foreclosures. If a house has been through the foreclosure process then the lending bank takes ownership of the property. When looking to buy a foreclosure the process can take a little longer than purchasing a typical property. This is because banks are not set up to sell properties and they can be slow. In addition when purchasing a foreclosure the banks typically want you to sign various legal documents to protect them from liablity if there is something wrong with the house. Like buying any property you should have a home inspection and be wary of any problems. If you do your homework buying a foreclosure can be a great investment.

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Town Summary
Danvers, Massachusetts - 01923
County:Essex County
Population: 24,174
Tax Rate: 10.4 (Tax Year 2008)
Town Profile:Town Profile for Danvers, MA
Web Site:Town Website
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Listing Remarks
RING-IN THE HOLIDAYS WITH THIS WELL MAINTAINED HOME w/legal in-law apartment, stunning custom cherry eat-in kitchen w/granite counters & SS appliances, large vaulted ceiling family rm w/skylights, 3-season porch with gas heater overlooking large lot with in-ground pool, front to back master bedroom suite with walk-in closet and bath, mostly updated systems, large 2-car garage & more. Close to Rtes 114, 1, & 95, shopping & Danvers Town Forest. *Suject to seller finding suitable housing.*

Listing Information
MLS #: 70860825   Status: Active
List Price: $529,900
Style: Colonial Garrison   Acres: .68
Lot Size: 30000 sqft.   Liv. Area: 3341 sqft.
 
Basement: Y   Garage: 2
Rooms: 10 Bedrooms: 4
Full Baths: 3
Half Baths: 1
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   12X25 Fireplace Hard Wood Floor Bay/Bow Windows
  Family Room 1   22X23 Fireplace Skylight Cathedral Ceils Ceiling Fans Wall to Wall Carpet
  Dining Room 1   11X13 Hard Wood Floor Bay/Bow Windows
  Kitchen 1   14X23 Hard Wood Floor Ceramic Tile Floor Dining Area Granite/Solid Counters
  Master Bedroom 2   12X27 Full Bath Fireplace Ceiling Fans Walk-in Closet Hard Wood Floor Balcony/Deck
  Bedroom 2 2   13X13 Hard Wood Floor
  Bedroom 3 2   11X12 Hard Wood Floor
  SUN 1   18X18 Fireplace Cathedral Ceils Ceiling Fans Wall to Wall Carpet
  KIT B   11X15
  BED B   11X12 Wall to Wall Carpet




The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Content © 2005 MLS Property Information Network, Inc.
This listing is courtesy of Thomas Beauregard from Vernon A. Martin, Inc. .
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Mortgage Pre Approval and Your Credit

The first step when looking for a home is to get pre-approved for a mortgage. The seller of a property wants to know that you are approved for a mortgage and that you can indeed afford the property. There are various mortgage programs available to you. Your credit score or FICO score will greatly affect the type of home loan you are able to receive. If you have bad credit you will pay a higher rate. There are ways to improve your credit score that you should consider as this can save you thousands of dollars in interest over the course of a loan. There are also ways to repair bad credit and small things you can do to improve your credit score in a short time. As many Americans have discovered a Fixed rate mortgage is much easier to manage than an Ajustable Rate Mortgage.

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