Certified Distressed Property Expert

If you’re worried that you may be facing foreclosure on your home, there may be a solution for you. Very few realtors have the experience and knowledge to help distressed homeowners through the the complicated maze of procedures, strategies, and yes, paperwork to help the bank help you, the homeowner.  I have the expertise and certification it takes to help homeowners avoid foreclosure whenever possible. Remember that time is critical and the longer you wait the more difficult it will be to avoid foreclosure.  Here are 5 important reasons to avoid foreclosure!

1. The homeowner will ALWAYS have to disclose a foreclosure on a mortgage application.

2.  Credit scores will be lowered by 300+ points affecting the borrowers ability to get car, apartment, credit card and other financing.

3.  A foreclosure is one credit report item that is almost impossible to be “repaired.”

4.  Military and government clearance could be at risk with a foreclosure.

5.  Many employers run credit reports for prospective employers and foreclosure is one of the top items that may put a potential new hire in jeopardy.

If you are worried about a foreclosure on your home, contact me at RE/MAX Partners in Andover, MA for a confidential and complimentary consultation.

Worried you may be facing foreclosure? Talk to me first, your Andover Certified Distressed Propery Expert. is a post from: Andover | North Andover Real Estate & Home Town News

Mortgage interest rates dropped sharply on the heal of the latest Federal program to back mortgage backed securities.  Local banks and lenders are now offering incredibly low rates for both fixed and adjustable rate mortgages. 30 year fixed rates as low as 5.25% with 2 points or 5.5% with no points are currently being offered by many local lenders. The chief economist for the National Association of Realtors (NAR) estimates that “each 1% decline in mortgage rates could generate between 500,000 and 800,000 home sales. Combined with the recent drop in home prices, homes are more affordable now than they have been in years”.  Whether you’re interested in buying or selling real estate, this is terrific news. Contact me to find out exactly how much more buying power this recent drop in mortgage rates gives you.  I can help you search the MLS  for opportunities in Andover, North Andover, Boxford and surrounding communities.

Great news for the Andover and North Andover real estate market! is a post from: Andover | North Andover Real Estate & Home Town News

Don’t confuse a loan preapproval with a loan prequalification! is a post from: Andover | North Andover Real Estate & Home Town News

"Has the housing market reached the bottom or will prices keep falling?"  I get asked this question several times a day and while it seems like a logical question to ask when thinking about when to buy or sell a home, the truth is, housing prices are only part of the equation to be considered.  I came across an interesting statistic…actually presented to me by my colleague Mike Elias, Senior Loan Officer at the Mortgage Network.  Did you know that mortgage interest rates have only been lower than this month’s fixed rate for 48 out of the past 447 months?  It’s important for buyers to remember that a small increase in interest rates can quickly offset any savings they might realize by a reduced asking price.  This chart clearly illustrates this point.  For a copy of this report and other valuable information, contact Mike Elias at the Mortgage Network or Paulette Zuena at ReMax Partners in Andover, MA.  Together we can help you with all of your real estate needs.

Has the Andover and North Andover housing market reached the “bottom?” is a post from: Andover | North Andover Real Estate & Home Town News