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West Bridgewater Foreclosures

Geographic Location

The city is in Plymouth County on the northeast side of Massachusetts against the Hockomock Swamp. This community was settled in 1651. It now has a population of about 6,916 people. The community consists of working farms, industrial business, warehousing, and an increasing commercial district. The city is about 15.7 square miles in size and is 25 miles south of Boston. The area is bordered by Brockton, East Bridgewater, Bridgewater, Easton, and Raynham. This rural community site at the junction of Route 24 and Route 106 gives it access to the surrounding cities. Come and explore the small peaceful community that is close to most major cities, giving it lots of room to grow.

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Bank Owned Properties

Bank owned properties are homes that banks have taken back from owners as a result of failure to pay their mortgage or taxes. These homes are sometimes acquired through auctions as an investment property. When looking at these types of sales it is important to realize you will be buying the home as is. This means there are no warranties concerning the condition or quality of the home. However, do not let this discourage you from these properties because they can still be a great opportunity to get a home for less than the market value. It is a good idea to use an agent to help you understand and go through all the steps necessary to obtain these homes. This agent can help you go through all the listings of property to ensure you are viewing the homes that meet your expectations. It is important to have the home inspected so you will know exactly what may or may not need to be fixed in the home. You will also need to have the home appraised. This will aid you in obtaining the financing necessary to purchase the home. Once this is done your agent can help you negotiate with the bank for a fair price. This will allow you to make an offer that best fits your situation. These properties make good investments for those who flip homes for a profit. These homes can also be nice rental units for those who are looking for cheap property purchase that will generate income making homes. If you know how to make home repairs and or have the funds to renovate a property these homes can be a great way to get started as a home owner.

Examples of the Potential Cost of Bank Owned Property

These homes can be a great investment for those willing to do a little extra work in order to get a home at a price that’s below market value.

Short Sales/Pre-foreclosure Properties

Short sale properties are homes that are still owned by the owner, but they are behind on their mortgage. This means the owner is very motivated to sell and the home will be sold for less than is owed. It is a good idea to work with an agent who specializes in these sorts of homes because they can help you get through all the legal steps involved. Once the home is inspected and the fair market value has been determined you will need to negotiate with the mortgage company. Remember to have patience through this process since they tend to delay approval since the offer will be less than what is owed. This type of sale allows an owner to protect their credit score and get out from under a financial crisis. These properties make for a good investment and revenue producing rental homes. It is also a good way for a person wanting to be a home owner to be able to get a nice home for a cheap price.

Examples of the Potential Costs of Short Sale Properties

As you can see it is possible to get a reasonable home for less than market value as long as you are willing to wait and negotiate with the owner or bank.

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