Lots of foreclosure in Newburyport MA. What does someone need in order to buy a foreclosed property?
Thanks for the answer Masha, what about foreclosure or auctions? I was looking at a house price on Zillow and saw 'last sold 2008' and sale price $1.Prior to that there are no sale date or price mentioned.
The housing market is going to take about 2-3 years to rebound. Although a lot of nice towns like NBPT have been 'insulated', the trend will start to catch up. There are a lot of foreclosure already and it's only a matter of time until the prices start to go down. NBPT will not take a steep dive but there are some further downward movement in prices soon. I hope I'm wrong but the trend is your friend.
I was browsing the sale price in Newburyport and I see a lot of $1 as sale price. What makes a house sell for this value? Parent/family member selling to their kids or other family members?What could be other reasons?