help buying a foreclosure
Buying a Foreclosure? Remember the Title Search!
While buying a home at foreclosure auction has serious upside potential, there are some risks. In particular, when one purchases a home at auction, the buyer takes on all of the liability of the property. The risks include: liens (like mortgages, back taxes, mechanics liens, etc., assessments, and easements (recorded legal rights to the property [...]
Buying or Investing in Foreclosures
Buying or Investing in Foreclosures Real estate investment is a great way to make money. Investing that money in foreclosures you have a greater profit potential, especially with the property choice. Many begin their investing career in real estate, however, buying a foreclosure does have its risks. The laws will vary by state on the [...]
All about Foreclosure Short Sales
All about Foreclosure Short Sales Many homeowners are losing their homes to foreclosure. There are several steps involved in the foreclosure process, including ways to stop the foreclosure. These steps include refinancing with a loan officer, loan modification, selling the home, conducting a short sale or credit counseling agencies. Most states require a period of [...]
Hancock Tower in Downtown Boston Foreclosed
The Warren Residential Group reports that Broadway Real Estate Partners LLC defaulted on the $700 mezzanine loan they took on the Hancock Tower. The Hancock was part of a $3.3 billion portfolio acquisition by Broadway from local real estate firm Beacon Capital. Broadway is now feeling the effects of a softening Boston commercial real estate market with tenants [...]