Bristol County MA Real Estate Blog and Home Listings

508-878-0917

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The 10 Attributes of a Great Leader from "The 21 Irrefutable Laws of Leadership."

Wed, 03 Mar 2010 16:25:29 -0600

It's not about perfection when it comes to leadership.. it's about striving to be all you can for you AND your office, your team, friends, clients, family and others. Love this!

Via Shawn Morrow (Keller Williams Real Estate):

I believe that it is in the toughest of times that true leaders emerge. Given the current environment that we are faced with our industry is in need of leaders more than ever. John Maxwell has identified 10 attributes that a great leader posseses and lives by in a challenging climate. ( From "The 21 Irrefutable Laws of Leadership" by John Maxwell)

Positiveness: The ability to work with and see people and situations in a positive way.

Servanthood: The willingness to submit, play team ball, and follow the leader.

Growth Potential: A hunger for personal growth and development; the ability to keep growing as the job expands.

Follow Through: The determination to get the job done completely and with consistency.

Loyalty: The willingness to always put the leader and the organization above personal desires.

Resiliency: The ability to bounce back when problems arise.

Integrity: Trustworthiness and solid character; consistent words and walk

"Big Picture" Mind Set:The ability to see the whole organization and all of its needs.

Discipline: The willingness to do what is required regardless of personal mood.

Gratitude: An attitude of thankfulness that becomes a way of life.

Lori Lincoln

Keller Williams Realty

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton

$8000 tax Credit. Luxury Home Specialist in MA

Taunton Area Real Estate- Keller Williams Realty/Lincoln Team | Promote your Page too

Be from the Country.. Dighton Massachusetts Real Estate Not a short sale or foreclosure

Mon, 15 Feb 2010 19:36:06 -0600

Lori Lincoln

Keller Williams Realty

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton

$8000 tax Credit. Luxury Home Specialist in MA

Taunton Area Real Estate- Keller Williams Realty/Lincoln Team | Promote your Page too

How is a Loss Really A Gain??? Taunton, Dighton, Lakeville, Rehoboth MA Real Estate

Mon, 08 Feb 2010 22:00:45 -0600

How is a Loss Really a Gain??? Taunton, Dighton, Lakeville, Rehoboth Massachusetts Real Estate

How is a loss really a gain?
The graph below illustrates how a loss on the sale of a home today can be made up by a gain on a higher priced home.

You see, many homes in higher price ranges have also dropped in value, creating an opportunity to buy at lower costs than were available before, resulting in a net savings.

Lori Lincoln

Keller Williams Realty

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton

$8000 tax Credit. Luxury Home Specialist in MA

Taunton Area Real Estate- Keller Williams Realty/Lincoln Team | Promote your Page too

New Listing! Affordable Home For Sale in Taunton- Not a short sale or a foreclosure

Mon, 18 Jan 2010 18:45:01 -0600

Lori Lincoln | Keller Williams Realty | 508-878-0917

3 Clinton Street, Taunton, MA

First Time Buyers dream. Not a Short Sale or Foreclosure.. Seller
relocating

3BR/1BA Single Family House

offered at $223,400

Year Built	1964
Sq Footage	1,006
Bedrooms	3
Bathrooms	1 full, 0 partial
Floors	2
Parking	4
Lot Size	7,840 sqft
HOA/Maint	$0 per month

DESCRIPTION

Nice 3 bedroom home with a fenced in yard in Taunton. Be warm in the winter, and chill out with the fireplaced living room. Back door leading to back yard is off the kitchen for convenient and easy outdoor fun. The finished basement has a spot for a pool table, and has a full wet bar. Perfect opportunity for first time buyer to take advantage of the tax credit.
Seller is re-locating

see additional photos below

PROPERTY FEATURES

- Fireplace	- Hardwood floor	- Tile floor
- Dining room	- Breakfast nook	- Refrigerator
- Stove/Oven	- Basement	- Yard

OTHER SPECIAL FEATURES

- Finished Lower Level

ADDITIONAL PHOTOS

outside front	Photo 1
Photo 2	Photo 3

Contact info:

Lori Lincoln

Keller Williams Realty

508-878-0917

For sale by agent/broker

Equal Opportunity Housing

Posted: Jan 18, 2010, 3:34pm PST

Lori Lincoln

Keller Williams Realty

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton

$8000 tax Credit. Luxury Home Specialist in MA

Taunton Area Real Estate- Keller Williams Realty/Lincoln Team | Promote your Page too

Buying A Short Sale Or A Foreclosure | Buyers Should Consider The Advantages and Disadvantages

Wed, 06 Jan 2010 22:51:00 -0600

Oh.. one of the best explanations I've seen regarding short sales and foreclosures.

Via John Jones (Keller Williams Elite, Dallas/Park Cities):

In today's market, almost half of the homes listed for sale are distressed sales - meaning they are either short sales or foreclosures. The percentage varies depending on the city and region, but foreclosures and short sales generally make up a large part of the home inventory in many metropolitan areas in the United States, including the Dallas - Fort Worth area. This will likely remain the case for at least the next couple of years.

And while it is true that many foreclosures and short sales are great homes, buyers should know the possible advantages and disadvantages of entering into these types of transactions.

Foreclosures and short sales are not the same thing. A foreclosure occurs when a home owner is unable to make their mortgage payments to the point that they default per the terms of their note. At that point, the trustee forces the property to be sold at auction on the courthouse steps and the lender places a minimum bid equal to the amount of the delinquent mortgage. If the lender happens to be the highest bidder, then they end up owning the property (called an REO or "Real Estate Owned" property). Sometimes the lender will negotiate with the guarantor, such as Fannie Mae or FHA, to take over the task of selling the asset. Other times, they will keep it on their books and sell it themselves. A HUD home is a property where the previous owner had an FHA loan, the property was foreclosed and the lender negotiated with HUD to take over and sell the home. And likewise, a Fannie Mae, Freddie Mac or VA foreclosure is essentially the same situation.

A short sale occurs when when a home is still owned by the home owner, but the amount of money they owe on their mortgage plus the costs to sell the home exceed the total market value. When this happens, the home owner usually either has to come up with the deficiency balance in cash or they must negotiate with their lender to accept a payoff that's "short" of the amount they owe. So a short sale is exactly what it sounds like-a home owner is selling the property short of the total cost to liquidate the home.

In a non-distressed sale, a home buyer usually just has to deal with negotiating the offer with an individual seller. For example, if I wanted to sell my house right now, I would hire an agent to market my home and obtain an offer. Once a buyer came along with an offer, I would instruct my agent to negotiate per the terms I was willing to accept. I do not have an asset manager or a department of people in my living room tasked with making this decision - it's a somewhat simple decision that I would make quickly and efficiently because it's the only home I have to sell.

In the case of a foreclosure, the seller is usually a bank or asset manager, so the process is often somewhat different. Some foreclosures do not take much longer, sometimes no longer, to close than a transaction with an individual seller. It ultimately depends on several factors, mainly the bidding and paperwork process required by the lender. Often times, the bidding process is very straightforward and efficient (as in the case of HUD Homes). Other times, it can be a complete beaurocatic nightmare.

In the the case of a short sale, the seller is still the individual who owns the home, but they must negotiate with the lender to allow a portion of their loan balance to be forgiven (written off). This is the main drawback to short sales - they can take an extraordinary amount of time to close in some cases because it may take the lender weeks or even months to perform all of the internal steps they must complete in order to make their decision. I've heard stories of extreme cases, some here on Active Rain, about short sales taking upwards of six to nine months to close. In my experience this is not typical, but they almost always take significantly longer than sales involving individual sellers and even most foreclosures.

For home buyers looking to take advantage of the tax credits and the low interest rates, time is of the essence and this may not be the route they should choose if trying to close as quickly as possible. Having said that, there are instances where short sales may only take 30-60 days to close. It all depends on the lender and also whether or not the process of negotiating the reduction in payoff was started prior to the buyer entering into the transaction.

BUYING A FORECLOSURE - ADVANTAGES AND DISADVANTAGES

Possible Advantages:

Some lenders offer incentives to home buyers purchasing their foreclosures, such as the HUD $100 Down program. Fannie Mae and Freddie Mac also offer incentives to owner-occupant purchasers, such as reduced down payments and extended home warranties.

In the case of a HUD Home, HUD may allow certain repairs to be escrowed (rolled into the loan).

Homes are sometimes sold below market value. In some cases, they may require few, if any, repairs or upgrades. This is not typical but it does happen in some cases. It is a myth that all foreclosures are in an advanced state of disrepair.

Possible Disadvantages:

Depending on the lender, the transaction may take longer to close. Lenders often require loan documents to be at the title company far in advance of closing. Furthermore, inspections may take longer becuase utilities must be turned on in many cases. Other circumstances may arise that can cause delays.

Lenders are not required to complete a seller's disclosure on foreclosures, so the buyer must rely on their home inspection, agent advice and intuition to assess the condition of the property.

Lenders may require the buyer to sign certain addenda which may supercede some of a buyer's rights contained within the state promulgated real estate contract.

Buyers who close late may have to pay per diem penalties, or worse yet, may lose their earnest money and forfeit the contract if they do not close on time. Of course, this may be the case in any transaction but per diem fines seem to be very common on foreclosures. Buyers purchasing foreclosures should make sure their lender has the capability to close their transaction in the time required by the seller.

The lender will often refuse to make any repairs to the property. In some cases, such as in the case of FHA loans, the buyer's lender may refuse to complete the loan if certain deficiancies exist, such as foundation problems or other issues that may jeopardize the home owner's safety.

In cases where a home is in a severe state of disrepair, it may be hard or impossible to obtain traditional financing.

BUYING A SHORT SALE - ADVANTAGES AND DISADVANTAGES

Possible Advantages:

As is the case with some foreclosures, short sales may also be priced below market. This depends on a bank's final judgment as to whether or not a short sale would be more of an advantage to them over proceeding with a foreclosure. Banks do not negotiate short sales for the benefit of home buyers or home sellers - it is strictly a business decision from their standpoint.

Buyers who are willing to tolerate a long approval process may find they have less competition since many buyers do not have the stomach nor the time to deal with a short sale transaction.

Possible Disadvantages:

The seller may not be able to make any repairs, especially since they may already be in a distressed financial state. The lender will usually not agree to make any repairs either, and may also refuse to pay a portion of the buyer's closing costs.

Not only do many short sales take a long time to close, many lenders also take a long time to physically accept or reject a buyer's offer. So in the above cases where I mentioned some short sales may take months to close, most buyers do not know whether the bank has accepted their offer until the last minute. And furthermore, many banks will demand a quick closing after they have let the buyer and seller languish in limbo for months.

Buyers stuck in limbo waiting for an answer may miss out on low interest rates and/or the home buyer tax credit. Banks will typically not lock loans for longer than 60-90 days, and even ones that do will require a premium to lock in a rate for this long. Add that to the risk of missing out on the tax credit and it may not be worth it to some home buyers.

Banks may refuse to honor an agreement if the buyer fails to close within the time required by the agreement.

Imagine waiting 30, 60 or even 90 days for an answer....and the answer is "NO". Buyers in this position must now start from square one and they've lost all of that valuable time.

In some rare cases, banks have foreclosed on properties while in the middle of negotiating a short sale. Sounds crazy, but some banks' left hands don't know what their right hands are doing if you can believe that....

As with anything else in real estate, every transaction is different. This is not meant to discourage home buyers from attempting to purchase foreclosures or short sales, it is merely meant to show the possible advantages and disadvantages. I have worked with foreclosure and short sale transactions on both the loan and real estate side, and each one had its ups and downs. In every case where the buyer was prepared, they were typically pleased with the outcome. But buyers should be aware of the drawbacks, especially the long waiting periods associated with some of these transactions, mainly short sales. Buyers who need to close within a certain time frame should always evaluate the risks before beginning negotiations.

John Jones, Realtor

The Kaul Group - Keller Williams Elite, Dallas / Park Cities

www.dfwhomefinder.info

www.thekaulgroup.com

8201 Preston Road Suite 265

Dallas, TX 75225

Dallas, TX Real Estate and surrounding areas of Richardson, Plano, Addison, Frisco, Carrollton, Farmers Branch, Garland, Allen and Irving.

Dallas, TX neighborhoods and subdivisions of Lake Highlands, White Rock Lake, Lochwood, Eastwood, L Streets, M Streets, Hollywood Heights, Lakewood, Coronado and Gastonwood, Forest Hills, Preston Hollow.

Copyright 2009 by John Jones, All Rights Reserved. You may reblog or republish with links back to this post.

* THIS ARTICLE WAS ORIGINALLY PUBLISHED AT http://dfwhomefinder.info *

Lori Lincoln

Keller Williams Realty

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton

$8000 tax Credit. Luxury Home Specialist in MA

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2009- Real Estate Success Stories - Taunton-Rehoboth-Berkley area Massachusetts

Wed, 30 Dec 2009 21:40:20 -0600

2009- Real Estate Success Stories - Taunton-Rehoboth-Lakeville--Berkely Area Massachusetts

I am so humbled and thankful for my career in Real Estate. I am also so rewarded by helping people achieve their home buying and selling dreams. The opportunities were so phenominal for those who moved swiftly.

Reflecting on 2009- I , love helping people and am so rewarded ..equally by both the monetary reward and the feeling that I helped...An investor client of mine rennovated 3 distressed properties and made some serious profit..

A first time buyer client from early this year bought a home for $150,000 put about $10k of sweat equity into a kitchen, paint and some minor fixed now conservatively worth $215k.

A home seller of thought he was "giving" his house equity away.unfortunately the market stole his equitt... he sold it for appraised market value.. and..what he thought he was "giving" away.. he made up for when he bought a house for $50,000 LESS than actual value.. this is such a win-win for him. Needless to say.. a very happy client!

All of my clients won this year and won big. Sellers and Buyers alike are doing well in this market. and there is still such a tremendous opportunity for those willing to step out and forget about the fear.

Are you ready to take advantage of this opportunistic market. I can show you how to buy the right home, and/or help you sell your current home.

Thinking about retirement or a college fund for your children- let me show you how to invest in real estate, ...the right way. Create a positive cash flow, with great tax benefits, and long term appreciation.

Call me for details and find out how you can receive a FREE copy of of one of the following best sellers:

"Your First Home"

"Millionaire Real Estate Investor"

"FLIP"

Thank you for viewing my blog!

Free Market Valuation- Complete 10 page document with facts, figures, and absorption rates

Lori Lincoln

Keller Williams Realty

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton

$8000 tax Credit. Luxury Home Specialist in MA

Taunton Area Real Estate- Keller Williams Realty/Lincoln Team | Promote your Page too

US HUD Government Owned.. Investors and Others.. Multi-family Fall River MA.. only $111,537

Sun, 27 Dec 2009 18:36:07 -0600

US HUD Government Owned.. Steal This House in Fall River MA- Opportunity to own real estate for low money is now!!!

3 Family in Fall River.. HUD Home, Government Owned. Keller Williams in Easton is a HUD Registered Broker and is free to Advertise HUD properties.

Do you have children to send to college? Do you need a retirement income?

Call Lori Lincoln for a Complete description of this property or any other HUD,government owned or Bank Owned Property in Fall River, Rehoboth, Swansea, Somerset, Dighton, Taunton,Massachusetts and Surrounding Cities and towns.

There are 3 other multi-family properties in Fall River that are HUD owned

Lori's knowledge and Expertise will guide you through the entire process. Invest in Real Estate today for potential profit for many years to come.

visit my blog at http://www.southcoastmahomes.activerain.com

Search the entire MLS for FREE at http://LincolnTeamRealEstate.com

FREE Copy of Up to date Foreclosure Listings.. email me at lorilincoln@kw.com

Lori Lincoln

Keller Williams Realty

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton

$8000 tax Credit. Luxury Home Specialist in MA

Taunton Area Real Estate- Keller Williams Realty/Lincoln Team | Promote your Page too

Location is Everything- Assonet/Freetown House For Sale- Tax Credit Available.

Sat, 26 Dec 2009 05:06:27 -0600

Lori Lincoln | Keller Williams Realty | lorilincoln@kw.com | 508-878-0917

10 Colonial Drive, Assonet, MA

Take Advantage of Tax Credit! Sellers Can Move Anytime!

4BR/1.5BA Single Family House

offered at $284,900

Year Built	1978
Sq Footage	1,802
Bedrooms	4
Bathrooms	1 full, 1 partial
Floors	2
Parking	Unspecified
Lot Size	32,000 sqft
HOA/Maint	$0 per month

DESCRIPTION

Location is EVERYTHING in Real Estate.. Enjoy your Large eat in Kitchen with new kitchen counters just installed. Sliders to deck. HUGE Master Bedroom with a large walk in closet. Snugglie not required because You'll Save Thousands every year with newer energy efficient pellet stove.. Picturesque landscaping with mature plantings and perenial flower garden. Privacy galore on this quiet cul-de-s

see additional photos below

PROPERTY FEATURES

- Central heat	- Fireplace	- Walk-in closet
- Hardwood floor	- Tile floor	- Living room
- Dining room	- Breakfast nook	- Dishwasher
- Refrigerator	- Stove/Oven	- Attic
- Basement	- Yard

OTHER SPECIAL FEATURES

- Energy Efficient Pellet Stove

ADDITIONAL PHOTOS

Photo 5	Photo 2
Photo 3	Photo 1
Photo 4	Photo 6

Contact info:

Lori Lincoln

Keller Williams Realty

Equal Opportunity Housing

508-878-0917

For sale by agent/broker

Posted: Dec 26, 2009, 1:55am PST

Lori Lincoln

Keller Williams Realty

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton

$8000 tax Credit. Luxury Home Specialist in MA

Taunton Area Real Estate- Keller Williams Realty/Lincoln Team | Promote your Page too

If I've given extravagant gifts in the past, do I have to continue the tradition?

Mon, 21 Dec 2009 17:53:46 -0600

This should be fun!

Via Jason Simonson Menomonie WI, Realty Executives:

If I've given extravagant gifts in the past, do I have to continue the tradition? You should only think about two things when you think about price--your budget and your relationship to the person. What I give my sister might be different than what I give to my coworker. The other thing is, you don't need to explain that things will be smaller unless you think someone is counting on your gift. Anna Post's Gift Giving Advice

Lori Lincoln

Keller Williams Realty

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton

$8000 tax Credit. Luxury Home Specialist in MA

Taunton Area Real Estate- Keller Williams Realty/Lincoln Team | Promote your Page too

Fix and Flip Distressed Foreclosed /government Owned Properties in Southeast Massachusetts - Part 1

Sun, 20 Dec 2009 20:34:08 -0600

Fix and Flip Distressed Foreclosed /government Owned Properties in Southeast Massachusetts - Part 1

If you are new to the idea of investing in real estate for profit, you should read this article carefully and avoid costly mistakes.
So let's get started: First get some financing in order. Investment properties require 25% or more down and those in distress may require a cash purchase. You should have cash on hand and ready before you even start the process of looking. However, there are other options.

One option would be to ask your friends ,relatives and business acquaintances tohelp. There has never been a better time to invest in great property than right now. Either borrow the money from them or give them an equity stake in your new venture. You could also go to your bank and sell them on giving you the funds. Another option is a Hard Money Loan. This type of loan should be a last resort due to the very high interest rates. Hard Money Loans also cost more in upfront points. They can work for the right property. You can get a hard money loan based on the after repair value... but you will still need some of your own money.

Next find a great real estate agent that is experienced in Investment Property. You should interview a few agents, and ask for references. He or she can help guide you to the best opportunities in the marketplace.
There are several foreclosures on the market in Massachusetts. Most of them need signifigant rennovation. So yes, you will need some fix up money.
Let your agent choose the properties that would best suit your needs. Then go out and look. Look at bank owned, HUD homes and Estate Sales first. They are the most profitable.

Once you've found the right house, find a contractor to estimate the scope and cost of work needed. If you are comfortable, it's time to move foward and make an offer. but before you do, be sure that you have calculated your finances. Your agent can give you a price range for after repair value. Always use the lower end of the market when you calculate your profit. You don't want to be taking on more than you can handle.

Once your offer is accepted, get a home inspection. I've had investors tell me that they know what they are doing and don't need one, only to realize later on that there were more repairs needed for the house that they weren't aware of. Home Inspectors can and do miss things too, but having a contractor or multiple contractors and a home inspector on your side before you make your purchase, will help you avoid a bad decision.

More to follow.. short sales, creating relationships with vendors/contractors and more!

Stay tuned next week for Part 2.

To start making money on real estate rentals, rehab properties and more, call me today for a FREE Copy onf Millionaire Real Estate Investor or "FLIP" Two Best Sellers written by Gary Keller. Call me with any questons anytime. You can count on my expertise in this area.

You may also send me an email at http://LincolnTeamRealEstate.com Lori Lincoln- 508-878-0017

Lori Lincoln is a Realtor/Consultant who helps buyers and sellers in Greater Taunton MA.

Lori Lincoln

Keller Williams Realty

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton

$8000 tax Credit. Luxury Home Specialist in MA

Taunton Area Real Estate- Keller Williams Realty/Lincoln Team | Promote your Page too

Market Changes 2009

Mon, 07 Dec 2009 18:08:02 -0600

This post is courtesy of PatrickHarfst, my realtor friend in Arizona. This graph applies to Bristol County Massachusetts too. Timely and well written.

Via Patrick Harfst, CRS (Realty Executives - Gilbert AZ):

Changes in the Market, 2009

Yeah, there have been changes! Some good, some not so good...

For Buyers For Sellers

Homes Priced <200k

Sellers Rule the Day...

Buyers are even using acceleration clauses again. CASH buyers prevail, so new loan buyers are at a distinct disadvantage. Have everything in order when you start - loan applied for, timeline in place.

If you are a seller, it is nearly impossible to NOT sell your home... Still, make it look nice, and yes, you must price it where it will appraise. Sorry - no way around that!

Homes Priced >500k

Buyers Rule the Day

Tight credit, excess inventory, few buyers, all make this price range tough - for now. Will spring back with a vigor when the economy improves.

It's cliché, but true. You must win both the price war, and the beauty contest. And it will help to have some luck & patience.

Homes Priced 200-500k

Balanced. Few investors, so owner-occupied buyers have a shot. As always, have the loan underway, and be ready to move quickly on a nice home. Still an active price range...

Keep it priced well, and looking nice. Be ready to help buyers with loan costs. Get creative! Do NOT let a good buyer get away - there may not be another for awhile...

Homes Priced <100k

CrazyVille! The rules are thrown out, as this is almost entirely the domain of banks as sellers. Some buyers have written more than a dozen offers, just to get one to stick. Short sales are plentiful, and require ANOTHER level of expertise to actually purchase one.

Tax Credit

Good thru 4/30/10. $8000 for first time buyers, $6500 for selected repeat buyers.

This is also good for sellers, as it takes "some" of the pressure off of buyers costs, plus brings a few more out into the market.

Interest Rates

Lower than anyone alive has seen. Below 5% for 30 year fixed. No kidding!

If you are also a buyer (after selling), this should be motivation to do whatever it takes to complete your sale...

Jobs

The linchpin to the entire recovery. As long as jobs are not being created, the recovery is likely to be a mirage...

This is not a metric any of us has control over, unless you have influence with the politicians. If you DO have this influence, ask them to relax the attack on employers.

Sunshine

Arizona has it. Chicago does not.

Patrick Harfst, CRS©

Lori Lincoln

Keller Williams Realty

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton

$8000 tax Credit. Luxury Home Specialist in MA

Taunton Area Real Estate- Keller Williams Realty/Lincoln Team | Promote your Page too

Another Reason Why a Buyer's Agent is NOT a Luxury in Today's Market.. IT"s A Necessity!- Bristol County Taunton,-Lakeville MA

Sun, 15 Nov 2009 21:03:28 -0600

Another Reason Why A Buyers Agent is Not A Luxury in Today's Market.. It's a Necessity

more so for Foreclosures, Short Sales, and for the first time buyer.

I was at an open house today. A buyer walked in. He said he just "lost" a house that he was suppose to buy and close on this week. Naturally I was curious and asked questions .

He indicated that he knew it was a foreclosure and wanted a "deal". He also said he didn't have a buyers agent or an attorney. He agreed to buy the house "as is".

One of my questions to this buyer was "Exactly who do you suppose the listing agent represents?" ... you know the answer.

He said he was saving money and time by not having a buyers agent...

. In reality this poor guy wasted money and time on home inspection, appraisal and time that he just cannot get back..

Have you ever met a home buyer who wasted money on home inspection after home inspection? No Buyers agent, no attorney... really, really disappointing to them.

Long story.. longer ).. This house that the buyer was suppose to buy had some major title issues: The bank that owned this house failed to record the mortgage assignment properly!Did you know that many foreclosed properties have title issues, record keeping issues, and more?

Many Foreclosed properties cannot be financed conventionally except by a rehab loan ( really difficult to obtain, I might add). What this means is the house cannot be bought unless the issues are clear. Again, a good buyers agent will only show you the homes that you have the ability to buy.

The moral of the story is to CHOOSE the RIGHT buyers agent... not just anybody. Choose an agent that is always "in"education. Choose an agent that will Consult rather than sell. and someone savvy about the entire home buying and selling process.

Thank you for viewing my blog!

Lori Lincoln

Keller Williams Realty

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton

$8000 tax Credit. Luxury Home Specialist in MA

Taunton Area Real Estate- Keller Williams Realty/Lincoln Team | Promote your Page too

Dighton, MA Great Deal on Beautiful Light and Bright Log Home.. by Lori Lincoln, Keller Williams Taunton MA area

Sun, 25 Oct 2009 16:31:59 -0500

You Deserve to Live This Well

537 Hart Street

Dighton, MA 02715

• Granite Kitchen
• Central Air
• Double Ovens
• Trex Deck
• 2 far garage
• Cable Ready
• Master Suite

$369,000

Quality & Spacious.. Log Cabin sits on 2 acres + Set back from the road for privacy.Open Floor Plan. Granite Chef's Kitchen, Wide Pine Floors,built with love. Wide farmers porch and sheds..

• 3 Bedrooms
• 1.75 Bathrooms

• 1670 sq ft. living space
• 2.2 sq ft. lot size


		Lori Lincoln Keller Williams Realty OFFICE: 508-878-0917 CELL: 508-878-0917 FAX: 508-238-6068 lorilincoln@kw.com

Lori Lincoln

Keller Williams Realty

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton

$8000 tax Credit. Luxury Home Specialist in MA

Taunton Area Real Estate- Keller Williams Realty/Lincoln Team | Promote your Page too

Are You waiting for the next wave of foreclosures? Think about this.. There may be a wave of Short Sales instead.- Taunton-Lakeville Real Estate

Fri, 16 Oct 2009 19:04:48 -0500

Everywhere you turn today, the talk is about a next wave of foreclosures. I wonder whether this is accurate information. When I logically assess these statements and claims in my mind, I cannot understand.

While many Option Arm and adjustable rate mortgages are about to reset, I wonder whether the next wave of foreclosures will be a tsunami or just a few ripples.

How I see it:

Major lenders like JP Morgan Chase, Bank America, Wells Fargo and many more are offering loan modification programs to homeowners who would otherwise lose their homes.

Today vs last year: Home Owners who are behind on their payments are better educated on their options. I believe that short sales will be the dominant force in real estate in 2010. and foreclosures, not nearly as many..here's why:

1. A Judge earlier this year, in Massachusetts ruled that due to improper paperwork two banks improperly foreclosed on two Springfield-area homes; therefore, the title to these properties have been "clouded" or defective. Mortgages were not properly recorded, and sometimes not recorded at all, or recorded well after the date the mortgage was given. Judges have declared this illegal.. the banks sold and resold the mortgages multiple times to other investors. This affected and will continue to affect several homeowners in pre-foreclosure and foreclosure status. We are continuing to see this happen in other states as well. Based on this, I am of the opinion, at least right now, that there will NOT be a so called "glut" of foreclosures, I believe they will exist and come on the market, but not a wave or tsunami, as we saw last year and in first quarter 2009.

A. Another case Landmark National Bank v. Kesler, August 28, 2009 , the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure. MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose - on 60 million mortgages? That is the number of American mortgages currently reported to be held by MERS. Over half of all new U.S. residential mortgage loans are registered with MERS and recorded in its name. Holdings of the Kansas Supreme Court are not binding on the rest of the country, but they are dicta of which other courts take note; and the reasoning behind the decision is sound. This will halt so many foreclosures, giving homeowners time to consider their options. and yes, the banks will continue to attempt foreclosure.

2. Lenders have to be accountable to their investors and their bottom line. Foreclosures are toxic assets and are cost prohibitive. Lenders do not want real estate, they want their money. Would you want to own a house where you would have to fund an asset manager, real estate agent, repairs, liability insurance and more. The cost of foreclosure on some homes can be greater than what the home is worth!

3.Because of Obama's new Making Homes Affordable program, banks have become kinder and gentler in the way of loan modifications for those who qualify.

4. For homeowners unable to qualify for a loan modification, short sales are the other best alternative. I believe that our inventory will consist of more short sales than foreclosures in 2010.

Lori Lincoln is knowledgeable, experienced and educated in foreclosures and short sales. Not all agents know the process, please call her if you or someone you know needs help. http://LoriLincolnTeam.com

Lori Lincoln

Keller Williams Realty

508-878-0917

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