75 Timber Dr, East Longmeadow, MA

AWAITING YOUR ARRIVAL AMAZING CUSTOM BUILT METICULOUSLY MAINTAINED COLONIAL IN AN EXTREMELY DESIRABLE NEIGHBORHOOD! THE SUN-FILLED RMS & HIGH CEILINGS WILL ENCHANT YOU! LG KITCHEN W/AMPLE COUNTER SPACE & SERVING WINDOW TO THE FORMAL DINING RM, YOU'LL LOVE THE BUILT IN WET BAR, COZY GAS FIREPLACE THAT OPENS! OPEN FLOOR PLAN IS PERFECT FOR ENTERTAINING,1ST FLR BEDRM IS PERFECT FOR GUESTS OR INLAW, FINISHED LOWER LEVEL HAS SO MUCH TO OFFER,3 SEASON RM OVERLOOKS THE PROFESSIONALLY LANDSCAPED YARD! MUST SEE TO APPRECIATE ALL THIS HOME HAS TO OFFER! THE DETAILS WILL IMPRESS YOU!

2 Sunset Drive, Leicester, MA $159,900

AWAITING YOUR ARRIVAL, YOUR FAMILY WILL LOVE THIS BEAUTIFUL HOME IN A DESIRABLE NEIGHBORHOOD! THE SUN-FILLED RMS & HARDWDS WILL ENCHANT YOU! NEWER KITCHEN W/DINING AREA, YOU'LL LOVE THE CABINET SPACE! 2LG OVERSIZED BEDRMS UPSTAIRS, LG FAMILY RM PERFECT FOR ENTERTAINING, BASEMENT IS GREAT FOR EXTRA STORAGE, WONDERFUL YARD READY FOR COOK OUTS! SOLD AS IS! HURRY THIS WON'T LAST LONG! PURCHASE THIS PROPERTY FOR AS LITTLE AS 3% THIS HOME QUALIFIES FOR A HOMEPATH MTG.

46 New Spencer Road, Charlton, MA

YOU'LL LOVE THIS RANCH W/LG KITCHEN, BIG FAMILY RM, WOOD STOVE IN LIVING RM TO HELP W/HEATING, ALL THE BEDRMS & SPACE WILL AMAZE YOU, BEAUTIFUL WOOD CEILINGS, LG MUD RM GREAT FOR A FORMAL ENTRY WAY, LG YARD ALL FENCED IN PERFECT FOR A FAMILY OR PETS! PRICED BELOW ASSESSED VALUE FOR QUICK SALE. MINUTES AWAY FROM WORC & EASY ACCESS TO RT20 & MA PIKE. LOTS OF HOUSE FOR THE MONEY! PURCHASE THIS PROPERTY FOR AS LITTLE AS 3% THIS HOME QUALIFIES FOR HOMEPATH FINANCING! ONLY $124,900... HURRY THIS WON'T LAST, OPEN HOUSE SUNDAY NOVEMBER 7TH FROM 11-12!

Foreclosures

Hi Everyone:

I'm happy to announce the foreclosure freeze on Bank of America & GMAC has been lifted!

However, if you are purchasing a Bank owned Property remember it's very important to purchase title insurance!

For more tips on purchasing Foreclosure properties,
Please contact: Kim@RealtyDelia.com or visit: www.RealtyKim.com

Buyers of Foreclosed Homes May Face Problems

Foreclosures are at a stand still right now due to invalid paperwork. During the Foreclosure process some papers where not properly notarized and not all procedures where followed. This was caused by the abondance of foreclosures and overwhelmed employees. In many states the lenders are going back on the foreclosure and fixing these issues. What does that mean if you purchased a foreclosure? I haven't seen anything come through the courts yet on this, but they are giving some homeowners a chance to reclaim their home.

My reccomendations when purchasing a bank foreclosure, always purchase title insurance regardless if you are paying cash or financing. Always protect yourself.

Ally Mortgage/GMAC Foreclosures

This taken from a news bulletin From Old Republic National Title Insurance Company:


Last week officials at GMAC Mortgage, a division of Ally Financial, Inc., announced that they are halting evictions of foreclosed borrowers and are halting REO sales in 23 states. GMAC announced it was taking this action as a result of the discovery that affidavits filed as a part of foreclosure records may have been signed by a person(s) who did not confirm the facts stated in the affidavit. The company also said that some of the affidavits may not have been properlynotarized.

The Attorneys General in Connecticut and California have ordered GMAC to halt foreclosure activities in their states. News reports indicate that state attorneys general in several other states are investigating or are planning to inquire into GMAC foreclosure practices. The statements made and actions undertaken by GMAC, together with state investigations underway, require that Old Republic National Title Insurance Company and its affiliated underwriters, exercise caution when dealing with properties which have been the subject of a foreclosure by GMAC. The Company will not insure title to any property which has been foreclosed
by Ally Financial, Ally Bank or GMAC until further notice.
The issues surrounding GMAC foreclosures reflect a recent national trend of challenges to foreclosure actions.

All agents are advised to be extremely careful in reviewing foreclosure records.
It is likely that challenges to the foreclosure practices of lenders in addition to Ally Bank/GMAC will occur in the current economic environment.
Thank you for your attention to this bulletin.

If you have any questions concerning this matterplease contact an underwriter in your local state office.

How to Find the Right Realtor

When most people search for a Realtor to list their home, they call on a sign or call a local agency. Has anyone ever thought to pull up that agents listings and see what they look like? I bet if some homeowners looked at their listings on line they would be disappointed. Too many times there are blurry photos and/or none, with no information.

First impressions are everything, a buyer's first impression of your home is on line, don't you want that to be amazing? We all enter our listings in the same place, but not everyone will dedicate the time to treating your listing as if it where their own home. Before you hire your next realtor, look them up on line and see what their listings look like!

Kim D'Elia
Managing Broker
www.RealtyKim.com

TIPS FOR BANK OWNED PROPERTIES:

Offers: When submitting an offer, make it as clean as possible. If you want the property de-winterized, don't assume it will be done, put it in the offer. This usually takes about 48hrs for completion, so please allow that time before scheduling your inspection if your offer is accepted. Always request that the seller provide Title V.

If there are multiple offers, don't look at the asking price. Put in an offer of what you feel comfortable paying for the property. To many people are stuck on asking price. Sometimes, we need to price the properties to sell quick.

Cash vs. Finance? I know many of you have heard "Cash is King" however, some of these companies don't look at that, their only concern is the top value! The higher the net to the seller, the better the offer. This is usually the case for larger lenders, if it's a smaller company then the "Cash Is King" theory may work.

For more questions, contact: www.RealtyKim.com
Kim D'Elia, Broker
Kim@RealtyDelia.com