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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| Link to this page: |
http://www.HomesForSaleinMA.com/propertydetail.cfm?mls=70927467
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Town Summary
| Worcester, Massachusetts - 01604 () |
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| Listing Remarks |
| Just reduction! Lovely home with lots of potential- perfect for a 203K stream line loan. UMASS/Lake Ave buyers: Looking for character of yesterday, newer roof, & f/h/a gas furnace (2003- 1st fl only- can be extended to 2nd level), most replacement windows (age?), enclosed rear porch & garage. Circuit breaker(8/09), eat-in kitchen, pantry. 1st fl full bath + shower(basement), Large bedrooms, 3 walk-in closets. Good ceiling height main levels. Long term owner. Buy Worcester Now. Bring offers. |
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| Listing Information |
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| MLS #: |
70927467 |
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Status: |
Active
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| List Price: |
$165,000 |
| Style: |
Colonial
Antique
|
|
Acres: |
.12 |
| Lot Size: |
5100 sqft. |
|
Liv. Area: |
1530 sqft. |
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| Basement: |
Y |
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Garage: |
1 |
| Rooms: |
6 |
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Bedrooms: |
4 |
| Full Baths: |
1 |
| Half Baths: |
0 |
| Master Bath: |
N |
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| |
| Room Information |
| Room |
Level |
|
Dimensions |
Features |
| Living Room |
1 |
|
12X14 |
Ceiling Fans
Hard Wood Floor
Wall to Wall Carpet
Main Level
Picture Window
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| Kitchen |
1 |
|
15X15 |
Ceiling Fans
Dining Area
Pantry
Vinyl Flooring
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| Master Bedroom |
2 |
|
16X12 |
Walk-in Closet
Vinyl Flooring
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| Bedroom 2 |
2 |
|
16X12 |
Ceiling Fans
Walk-in Closet
Vinyl Flooring
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| Bedroom 3 |
2 |
|
15X13 |
Walk-in Closet
Vinyl Flooring
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| Bedroom 4 |
1 |
|
12X12 |
Ceiling Fans
Wall to Wall Carpet
Main Level
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|
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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 Maureen Brennan from MHB Realty.
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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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