Shirley Foreclosures

Bank Owned Properties

The small, rural community of Shirley, is located in Middlesex County. The town just outside the former Fort Devens is approximately 55 miles to the west/northwest of Boston. Bank-owned homes in this town are the ideal option for an investor who wants to improve the property and sell, or for a first-time buyer. The town features a mix of new, contemporary homes, and small, older homes on large lots. The median home price is $382,450. Prices have risen by 6.9 percent within the last year, and indications are that prices will increase by 3.8 percent within the next year.

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The current nationwide foreclosure rate is 1.6 per 10,000 homes. In this community, the rate is 57.1. With so many homes available, the buyer searching for a home for sale at a price below market value has a lot of options. You can save a lot of time in your search by signing up to receive updates on the latest listings from Boston City Properties. We have an extensive database of foreclosures and short sale homes for cities and towns throughout Massachusetts. We'll notify you when properties that meet your criteria become available.

Short Sales

Understanding the process of how short sales differ from bank-owned properties or conventional home sales is essential if you're considering a short sale home. A homeowner isn't always delinquent on their mortgage payments for a lender to consider a short sale. If a home's market value has decreased drastically, the lender may initiate the sale. By allowing the sale, they're essentially forgiving the remaining debt on the home. Experienced investors and first-time buyers can benefit by purchasing these homes below their market value, and renovating and flipping them. The buyer may live in the home and allow it to build up equity, then sell. Either way, it's an excellent way to purchase a home at an excellent price. Always work with a real estate professional who understands the complexities of short sales, have a home inspection to avoide problems later, and get pre-approved before you start to identify likely properties.

Geographic Location

Shirley is one of the most historic and well-preserved communities in Middlesex County and is 55 miles to the northwest of Boston. The town features significant areas of wetlands including Tophet Swamp and Spruce Swamp. The land mass covers an area of 15.9 square miles. The rural area is the location of three parks; the Benjamin Hill Recreation Area, Whitley Park, and Fredonian Nature Center. The boundaries are the Nashua and Squannacook Rivers. The Nashua is a tributary of the Merrimack River which runs through Massachusetts and New Hampshire. The river is famous for its commercial use during the Colonial Period. MBTA service from North Station in Boston runs through the town on the Fitchburg line.

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