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MLS# 70880091 Single Family Home $559,900 Arlington, 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
Arlington, Massachusetts - 02474
County:Middlesex County
Population: 44,630
Tax Rate: 10.95 (Tax Year 2007)
Town Profile:Town Profile for Arlington, MA
Web Site:Town Website
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Listing Remarks
Elegant 1920s colonial with all the charm and character of the period located in the Bishop School area near public transportation. Home features superb granite kitchen with eating area, spacious living room with beamed ceiling and fireplace with built ins,first floor family room or den,four corner bedrooms and third floor studio or playroom with skylights.There is a pretty updated bath.A must see!!

Listing Information
MLS #: 70880091   Status: Active
List Price: $559,900
Style: Colonial   Acres: .24
Lot Size: 10480 sqft.   Liv. Area: 2031 sqft.
 
Basement: Y   Garage: 1
Rooms: 9 Bedrooms: 4
Full Baths: 2
Half Baths: 0
Master Bath: N
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   23X12 Hard Wood Floor
  Family Room 1   15X8 Hard Wood Floor
  Dining Room 1   12X12 Hard Wood Floor
  Kitchen 1   19X10 Granite/Solid Counters
  Master Bedroom 2   12X12 Hard Wood Floor
  Bedroom 2 2   12X8 Hard Wood Floor
  Bedroom 3 2   12X10 Hard Wood Floor
  Bedroom 4 2   12X10 Hard Wood Floor
  PLY 3   19X16 Skylight
  PLY B   21X18




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 Maryann Dionne from Coldwell Banker Residential Brokerage - Arlington.
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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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