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MLS# 70989927 Single Family Home $579,900 Wilmington, 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
Wilmington, Massachusetts - 01887
County:Middlesex County
Population: 17,651
Tax Rate: 10.16 (Tax Year 2008)
Town Profile:Town Profile for Wilmington, MA
Web Site:Town Website
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Listing Remarks
TWO Homes for the price of ONE! Great for the extended family. Large 3 bdrm Colonial w/ many updates. Full Ranch w/ lg rooms, hallways and bath. Separate entrances to both homes. Colonial features 2 story foyer and beautiful LR with stone fireplace. Master bdrm with large walkin closet and balcony overlooking the huge, level backyard that the Patriots could practice on! Magnificent home sits well off the street for privacy. Includes 2x6 const, great for energy efficiency, conveniently located!

Listing Information
MLS #: 70989927   Status: Active
List Price: $579,900
Style: Colonial Ranch   Acres: 1.37
Lot Size: 59677 sqft.   Liv. Area: 3296 sqft.
 
Basement: Y   Garage: 0
Rooms: 12 Bedrooms: 4
Full Baths: 3
Half Baths: 0
Master Bath: N
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   14X18 Fireplace Ceiling Fans Bay/Bow Windows
  Family Room 1   11X15
  Dining Room 1   13X15 Skylight Ceiling Fans Wall to Wall Carpet
  Kitchen 1   14X16
  LAUNDRY 1   10X8
  Master Bedroom 2   28X15 Ceiling Fans Walk-in Closet Wall to Wall Carpet Balcony/Deck
  Bedroom 2 2   11X14 Ceiling Fans Wall to Wall Carpet
  Bedroom 3 2   11X14 Ceiling Fans Wall to Wall Carpet
  Bedroom 4 1   13X14 Ceiling Fans Wall to Wall Carpet
  OFC 1   8X10 Wall to Wall Carpet
  KIT 1   13X17 Ceiling Fans Wall to Wall Carpet
  LAW 1   13X17 Ceiling Fans 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 Barrett from Fitzgerald & Associates.
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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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