Tag Archives: Maine Foreclosures
Federal foreclosure initiative involves renting foreclosed homes
A federal initiative to have investors buy and rent out thousands of government-owned homes to prevent foreclosures is drawing cautious optimism locally. The intent is to help stabilize falling home prices, particularly in neighborhoods hit by foreclosures. Local real … Continue reading
About the Free Bank Owned property list…
Rule of 88: The net proceeds to get a deal done
by Marty Macisso, Realtor, Regency Realty Group There is a common misconception that you can buy bank owned properties and short sales for HUGE discounts. This is not true…in most cases. When a mortgage goes into default and the bank … Continue reading
Foreclosure Auction Tuesday 9/28 in Freeport!!
Back from Auction and still available bring an offer! When bank owned properties do not sell fast enough, the bank puts them out to auction. This is a where bidders can get great deals! 101 2547 … Continue reading
Waterfront Bank Owned Property….only in Maine!
Many properties in Maine are in a distressed situation, either in foreclosure or upside-down in value. Some of these properties are located in very desirable locations – at the water's edge. For example, the Sheepscot Harbor Resort is located in … Continue reading
