Norwell Foreclosures

Bank Owned Properties

This beautiful Massachusetts locale has become a popular destination for home seekers during recent years. If you've searched for "real estate owned" (i.e. "REO") properties marketed by banks and mortgage lending institutions, you may appreciate the valuable assistance offered by Boston City Properties. Our company offers a wide array of real estate services. We specialize in this unique region.

Search Foreclosures

Investors seeking homes to refurbish and resell sometimes concentrate their attention on the REO marketplace. Financial institutions will sometimes sell homes obtained through foreclosure, voluntary surrender, or reverse mortgages at significant discounts. Individual sellers sometimes vary in terms of their willingness to offer homes for sale in an "as is" condition.

The availability of special discounts for "as is" properties usually depends upon a variety of factors. The underlying condition of the real estate, the possibility of extended periods of vacancy during the recent past, the presence of vandalism (or not), local market trends, and the seller's policies may all enter into this determination. While some realty buyers hesitate to purchase homes offered for sale in "as is" condition, some investors actively search for these properties.

Our company assists home sellers, home buyers, and investors. If you'd appreciate the help of knowledgeable local real estate expert, consider using us as a resource. We possess familiarity with the Greater Boston Metropolitan Area and its environs. We'll help you locate REOs meeting your criteria.

Short Sales

During previous decades, some real estate investors searched for both REOs in "as is" condition and short sale opportunities. While short sales still sometimes occur today, they happen with far less frequency. Recent changes within the mortgage lending industry have contributed to this development.

A short sale typically occurs when the fair market sales price of a property fails to reach a level sufficient to satisfy and outstanding secured mortgage or lien. In this situation, both the seller and the purchaser may find themselves paying money into escrow at the closing. In the past, some mortgage lenders approved short sales transactions, allowing a qualified purchaser to assume a seller's outstanding mortgage debt to the lender.

A short sales transaction remains fraught with a high degree of financial and legal risk. Since many aspects of real estate sales vary from state to state, it usually makes sense for buyers or sellers contemplating a short sale to consult in advance with an experienced Massachusetts real estate lawyer. Taking this step may prevent disappointments and financial losses.

If you'd like to invest in realty in this location, or if you require current information about local price trends and realty markets, you may find it helpful to speak with Boston City Properties. Our company assists prospective buyers, property sellers, and investors. We often serve as a useful resource for homeowners interested in selecting competitive listing prices for properties marketed in this area.

About Norwell

The small town of Norwell, Massachusetts reported a population of over 10,500 people during the 2010 national census. This historic community lies not far from the Atlantic coast in Plymouth County. It sits inland along Road 123 some three miles east of Assinippi. From this location, residents easily access Route 3 and the Greater Boston Metropolitan Area.

For centuries, this scenic coastal region has played an important role in the cultural life of the Bay State. The town lies in the midst of a geographic area known for its panoramic oceanfront vistas. The Atlantic Ocean remains a popular tourism destination in Massachusetts during warm months of the year.

Investors and home seekers alike sometimes search for REOs in this location. The size of a population will significantly impact the availability of bank owned properties in many cases. Particularly in the case of small towns, financial institutions may receive REOs into their inventories only on a sporadic basis. Predicting in advance the number of homes available for purchase at any given point in time may prove impossible.

If you've contemplated purchasing realty in this town or its environs, consider asking Boston City Properties to help expedite your search. We provide useful resources for home seekers. We look forward to assisting you as you look for outstanding real estate values in one of the most charming regions in Massachusetts!

Search Foreclosures