Blog :: 02-2011

20 Days 'Til Spring!

Home sales typically spike during the Spring.

40% of annual home sales occur during March and June.

So, almost half of this year's sales will take place over the next 4 months.

If you are thinking of selling your home, NOW IS THE TIME!

Speak with one of our advisors. Find out where you stand in today's market. It's always complimentary and confidential. Click here to read our testimonials and see what folks say about our team.

 

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Best January in Four Years!

The Warren Group reported today of renewed optimism about the economy and the best January in four years for Massachusetts real estate sales. The Boston Globe offered up a great article on this story. Click here to continue... 

We can already feel this here in Ipswich, MA. The Windhill team is gearing up for a very busy Spring! If you are thinking of buying or selling this year, build a relationship with a real estate professional you can trust. Join our growing facebook family and read testimonials about our team. Click here to join!

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Legal Insider - Foreclosure? Are You Sure?

 

Atty. Richard M. Kallman

 

While most prospective purchasers of foreclosed properties or current owners of properties that were foreclosed upon in the last few years may be aware that the federal government has pressured lenders to slow down their pending foreclosures to be sure they are following the legal requirements of the states where the properties are located, most people don't realize the severity of the foreclosure crisis that is currently developing.  A ruling by the Massachusetts Supreme Judicial Court (Ibanez vs. USBancorp.) just a few weeks ago will result in the complete invalidation of many of the 44,000 foreclosures conducted in Massachusetts since 2005.  Boston Globe reports. The Supreme Court upheld a decision by the Massachusetts Land Court that invalidated two foreclosures because neither Wells Fargo nor US Bank were the record holders of the mortgages at the time they conducted foreclosures on residential homes in Springfield, Massachusetts. OOPS!   The effect of this decision is that the homeowners who subsequently purchased those properties from Wells and US Bank do not have good and marketable title to those properties.  Unfortunately, the procedures followed by US Bank and Wells Fargo were commonplace by many foreclosing lenders over the last several years. YIKES! In those cases similar to Ibanez, homeowners will be unable to sell or refinance their homes until there is a resolution proposed by the judicial system or the legislature. Secretary of State William Galvin seeks to ease the uncertainty following the SJC ruling.

For those of you who own a home that was foreclosed upon since 2005, I urge you to consult with an experienced real estate attorney to determine if you have good title to your home.  And for those of you considering making an offer to purchase a home that was foreclosed upon, you should consider seeking the advice of legal counsel before you even make an offer.  At a minimum, your offer should contain the right to conduct a title examination prior to signing a purchase and sale agreement just as you would obtain a home inspection.  Prospective buyers and sellers need to determine at the start of the home buying process whether the current owner has the ability to sell the home.  Failure to conduct a thorough title examination and have it reviewed by an experienced real estate attorney could result in wasted time and money being spent by both parties before a defect in the foreclosure process is discovered just prior to closing.

The effects of the Ibanez decision are far reaching and title to any home foreclosed in the last several years is suspect.  Do your due diligence before making an offer or listing a home that was foreclosed.

Legal Insider Content Contributed by Attorney Richard M. Kallman. Contact Atty. Kallman at 978-356-2934 or rich@kallmanlaw.com.

January Real Estate-What Sold in Danvers, MA?

Address #BR #BA List $ Sale $
         
Single Family        
17 Oak St, Danvers, MA 2 1 $229,900 $225,000
95 Ash St, Danvers, MA 3 1 $279,900 $272,000
10 Lindall St, Danvers, MA 3 1 $295,000 $285,000
4 Peach Tree, Danvers, MA 3 1 $299,900 $287,500
59 High St, Danvers, MA 4 2 $299,900 $292,000
147 Summer St, Danvers, MA 3 1+2 $299,900 $288,800
9 Madison Ave, Danvers, MA 5 3.5 $695,000 $650,000
         
Condo        
11 Riverside Ave #107, Danvers, MA 3 1 $120,000 $115,000
13 Ash St #1, Danvers, MA 2 1 $195,185 $190,000
30 Hobart St #15, Danvers, MA 2 1.5 $289,900 $272,500
         
Commercial        
90-1 Holten St, Danvers, MA Play to Learn   $560,000 $476,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

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January Real Estate-What Sold in Wenham, MA?

Address #BR #BA List $ Sale $
Single Family        
36 Meridian Rd, Wenham, MA 3 2 $399,000 $365,000
36 Main St, Wenham, MA 6 6+2 $2,395,000 $1,950,000
         
Condominium        
503 Old Country Rd, Wenham, MA 2 1.5 $269,900 $250,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

January Real Estate-What Sold in Hamilton, MA?

Address #BR #BA List $ Sale $
Single Family        
90 Perkins Ave, Hamilton, MA 4 2 $172,500 $180,000
24 Chestnut St, Hamilton, MA 3 2 $409,000 $362,250
3 Madonna Dr, Hamilton, MA 4 2.5 $419,000 $400,000
75 Postgate Rd, Hamilton, MA 4 1.5 $489,000 $465,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

January Real Estate-What Sold in Rowley, MA?

Address #BR #BA List $ Sale $
Single Family        
20 Kathleen Cir, Rowley, MA 4 2.5 $414,990 $385,000
71 Hillside St, Rowley, MA 3 2.5 $449,900 $422,250
21 Arrowhead Cir, Rowley, MA 4 2.5 $559,000 $535,000
41 Wild Pasture Rd, Rowley, MA 4 2.5 $559,900 $550,127
78 Saunders Ln, Rowley, MA 4 2.5 $649,000 $637,000
25 Wilkes Rd, Rowley, MA 4 3.5 $699,900 $670,000
         
Condominium        
15 Lawrence Rd #32, Rowley, MA 1 1 $89,900 $84,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

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January Real Estate-What Sold in Topsfield, MA?

Address #BR #BA List $ Sale $
Single Family        
28 Ipswich Rd, Topsfield, MA 3 1 $299,900 $291,000
166 Haverhill Rd, Topsfield, MA 3 1.5 $399,900 $375,000
3 Coventry Ln, Topsfield, MA 4 2.5 $569,000 $545,000
6 Heritage Ln, Topsfield, MA 4 2.5 $699,000 $647,500
Lot 2 Hickory Ln, Topsfield, MA 4 2.5 $749,900 $730,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

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