Taunton Foreclosures

Bank-Owned Properties

Taunton has a delinquent mortgage rate of 2.4 percent, higher than the national average but good news for potential foreclosure buyers. With an average home value of $283,582 and a nine percent rise since 2017, now is a good time to act on trying to get the ideal property to suit your personal or investment needs.

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A rise of 4.1 percent in average prices by early 2019 will mean that you'll have good assurance of seeing equity in the property growing. If you intend to sell the property at a future date, recovering the costs and making at least a modest profit is very good indeed.

One of the most important things you'll need to do before acting on buying a bank-owned property is figuring out a workable budget. Because prices in this community are below Boston-area averages, you'll have great chances of getting a good deal on bank-owned properties.

Make sure you include the costs of doing repairs or renovations in your budget, especially if you're fixing the property up to sell. You'll also want to think about any improvements you can make to get a better income from the property if you choose to rent it out.

Short Sales

A short sale is one of the paths to avoiding foreclosure that many homeowners might take if they have an underwater mortgage. It is necessary for the seller to meet a qualification process first for the sale to go through.

The process is one that takes longer than most sales typically do, but it is rewarding in the long run. Accurate information will serve you well during this time because properties sold under these circumstances are always as-is.

To increase your chances of the seller and their lender accepting your offer, pre-approval will be your best course of action. You will also benefit from considering the prospect of paying cash for the property. Acting quickly, regardless of your plans for the property, is the best way to make sure you get good results.

Although the properties are sold on an as-is basis, you still have the right to an inspection, which most experts recommended taking advantage of during the process. Having an expert work with you is essential because they can help you through the parts of the process that would otherwise be difficult and harder to navigate on your own.

Our experienced Boston-area real estate agents can help you with the whole experience, from start to finish. When you entrust your sales transaction to those who know the process best, you'll be better assured of getting the results you want from your offer.

Geographical Information

Taunton is the seat of Bristol County and also sits on a river that bears the same name as the town. Mount Hope Bay is where this river empties 10 miles south of town, making the community a coastal one. Over 55,000 people call this city home, making it a vibrant smaller, alternative to Boston that ranks as third-largest in the state.

The Mill River, as well as the Three Mile River, both, run through town and provide some local variation, along with Lake Sabbatia. The highest point in town, Prospect Hill, rises 197 feet over the city, offering impressive views.

Part of the Hockomock Swamp Wildlife Management Area and the entirety of the Massasoit State Park fall within the city's boundaries. Distinct neighborhoods include Clearview Estates, Weir Village, and Britannia Village.

Some of the roads that intersect here include Massachusetts roads 138 and 140, as well as U.S. 44. I-495 also has exits at the northern part of the city, securing its place as a major traffic hub for the state.

There is regular MBTA commuter rail service that puts all areas of greater Boston within easier reach. The GATRA bus line also provides regular local service. Providence also provides commuter rail service just a few minutes' drive away.

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