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MLS# 70970284 Single Family Home $535,000 Georgetown, 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
Georgetown, Massachusetts - 01833
County:Essex County
Population: 6,384
Tax Rate: 9.3 (Tax Year 2008)
Town Profile:Town Profile for Georgetown, MA
Web Site:Town Website
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Listing Remarks
Unusual open concept 3517 sq ft Colonial home with large 3 story barn. Family room features a huge fireplace, beautiful wood floors and opens to the cook friendly, generously proportioned, eat-in kitchen. Comfortable bedrooms, some with fireplaces. All the ambiance of a Bed and Breakfast. Lovingly cared for and ready to move in. Barn is perfect for contractor/builder or car enthusiast. Cars or trucks can be parked on the 1st and 2nd story of the barn.

Listing Information
MLS #: 70970284   Status: Active
List Price: $535,000
Style: Colonial   Acres: 1.25
Lot Size: 54450 sqft.   Liv. Area: 3517 sqft.
 
Basement: Y   Garage: 2
Rooms: 9 Bedrooms: 4
Full Baths: 3
Half Baths: 0
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   17X16
  Family Room 1   32X20 Fireplace
  Dining Room 1   14X14 Fireplace
  Kitchen 1   18X16
  Master Bedroom 1   16X14 Full Bath Fireplace
  Bedroom 2 2   16X14 Fireplace
  Bedroom 3 2   18X14
  Bedroom 4 2   11X10
  LOF 3   10X7
  OTH 1   20X10
  OTH 2   43X37
  WRK 1   30X24
  WRK 1   30X14
  WRK 1   21X10




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 Judith Mussells from Coldwell Banker Residential Brokerage - Newburyport.
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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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