August 28,2010
P.O. Box 1208 , 250 Route 49 in Campton , NH 03223
phone 603-726-8642 or 603-726-8941
website www.kingrealtynh.com
SHORT SALES:
SELLERS: Have you been having problems keeping up with your mortgage payment and see no way out ? Have you gotten a foreclosure notice ? Have you been trying to sell your house but the amount of what it is worth is less than what you owe on it ? DO NOT STICK YOUR HEAD IN THE SAND . There maybe some help for you to get through this. It is called a Short sale . If you are behind but have not yet received a foreclosure notice, time is of the essence. With a good real estate agent by your side that has familiarity for the Short Sale process you may be able to get your house sold without having to take the loss personally. Your bank does not want to foreclosure on you if you will find a buyer for them before the foreclosure. They lose on average 50% when they have to foreclose on you . When you negotiate a shortsale, the average is only 25%. So now you can see why it is better for the bank. But it is also better for you. Your credit will recoup quicker and your losses will be reduced . If you are foreclosed on you are more likely to owe IRS as well as the bank for the loss while if you help negotiate a shortsale , you can also negotiate any losses with the bank and IRS. DO NOT LET IT GET TO THE POINT OF THE FORECLOSURE NOTICE before asking for help. BUT if it does, there still may be help. So contact a real estate professional as soon as possible .
BUYERS: Why do you want to buy a shortsale . Simple answer that if you are lucky enough to find a property for sale by shortsale :(1) you will pay less for this home then you will for a home for sale where an owner does not have to sell and is able to wait for the highest and best offer. and (2) Unlike a foreclosure you have a seller who will be able to fill out an accurate Seller disclosure to tell you about their house . Thus making the element of surprise that often comes with foreclosures far less. In short you will get a better value for your dollar.
WE HAVE A FEW SHORT SALES LISTED :check them out on our listings page
1.
Resale/Existing   Single Family  |
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| Contemporary Sugar Run,w/3,272 sq ft great shape SHORT SALE Thornton NH 03285 |
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2.
 Resale/Existing Single Family |
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| Duplex being offered BY SHORTSALE 1322 Route 175Campton NH 03223 |
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Price:
$114,900
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Bedrooms:
4.0 |
Baths F/H:
2/0 |
Sq. Ft.:
1600 |
Lot Size:
0.22 acre(s) |
MLS ID:
2778117 |
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 SOLD | |
FORECLOSURE and FORECLOSURE AUCTIONS & BANK OWNED : These are a very scary way to purchase unless you are experienced or have done your homework. Buying at foreclosure auction is a very tricky thing. You have to have already done a title search on any property before you come to the auction as if you are the wining bidder and there is a lien that you did not know about , your choice is to take it with the purchase or lose your deposit. If the person losing the property could possibly have an IRS lien, this may or may not be on it when you do the title and even if it is not , you could be liable for the lien if it is perfected before you take ownership (even after th auction).Water, and sewerage and tax liens all stay even after the auction as do liens for work done on the property if they have a valid lien at the time of the auction. If the auction was not performed correctly , the notifications were not done correctly ..... the auction may be vacated and any work you might have done on the property may be a loss . There are lots of pitfalls so be sure that you do your homework if you are buying at Auction. If you buy after the auction, most banks will allow you to do an inspection but they know nothing about the property and are not willing in most cases to guarantee anything. And if you find items wrong with a foreclosed property most of the time , they will not be willing to fix them . So if your funding requires that your home be in a certain condiditon when you close, (for instance Rural housing and FHA require running water, working septic, paint be in good repair, roof to have at least 2-5 years remaining) a foreclosure may not be right for you .To go into a contract to purchase where you know it will not pass the inspection will likely mean that you lose the money for the inspection. Know what you are doing before going into such a deal .
We have One Bank OWNED LISTING
1.
| Bank Owned home w/all the scareys assoc w/bank own gone 11 Fifield Road Campton NH 03223 |
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Details for all above properties can be found at our listings tab. Property is listed by price.