Does anyone have any thoughts or commentary on how long the rates will be this low? Each week, I tell myself that they cannot get any lower than this, then all of a sudden, they go lower. I often wonder whether they will get below 4.0 on the 30. Any commentary?  08/02/2010

Recently, I had a client who wanted to go short on the sale of their home. After an initial discussion, I told them that we needed to negotiate a release of the outstanding contractual obligation (the note) with the lender. After explaining what that meant, I would suggest that if you are working with a client who is going short, make sure that you get a release of the note in the short sale approval form, despite what the lender says 08/01/2010

According to a report published by the associated press, foreclosure activity is up in 154 of the 206 metropolitan areas. On information from Realty Trak, " about 1.7 million homeowners received a foreclosure related warning between January, 2010 to June 2010". With the unemployment problem, i can only guess were we will be in the second half of this year.  07/29/2010

From the Associated Press:   CONFERENCE SCHEDULED: The Obama administration will hold a conference Aug. 17 to discuss the future of government-sponsored mortgage buyers Fannie Mae and Freddie Mac, which almost collapsed nearly two years ago. NO PLAN SO FAR: The financial overhaul signed by President Barack Obama didn't address their future, despite protests from Republicans. Obama officials plan to wait until next year, arguing that the housing market remains too fragile for major changes. HEFTY COSTS: Stablizing the two companies has cost taxpayers $145 billion so far. 07/27/2010

If you are refinancing or purchasing a home, please remember that you have the choice to pick the settlement provider. If you have an attorney, he/she can close the loan for you. You don't have to use the "banks attorney". 07/26/2010

My short sale team closed on another short sale.  Two loans from Wells Fargo.  Seller walks away with no deficiency judgement. What does it take to do a successful short sale?  A willing, cooperative and patient home owner and a short sale team that knows how to market and negotiate a short sale.  If you may be in danger of foreclosure call Kevin Vitali at 978-360-0422 and find out your five options to foreclosure.  The key point to remember is to avoid foreclosure if at all possible.  There are much better alternatives to foreclosure.     Search all of the Massachusetts Short Sales and Forclosure Homes for Sale   _____________________________________________________________________________________________   Massachusetts Short Sales, Southern New Hampshire, Merrimack Valley, Boston Nor... 07/13/2010

Tewksbury Real Estate Market Update Tewksbury Single Family Homes SF Homes Sold: 17 Avgerage days on Market: 76 Original List to Sold Price: 96% Lowest Price Home: $228,000 Highest Price Home: $655,000 Average SF Home Price: $326,753 Median SF Home Price: $300,000   Tewksbury Condominiums Condominium Units Sold: 15 Average days on Market: 29 Original List to Sold Price: 98% Lowest Price Condo: $212,000 Highest Price Condo: $260,100 Average Condominium Price: $236,020 Median Condominium Price: $238,000 View all the Tewksbury MA Real Estate for Sale View all the Tewksbury MA Condominiums, Condos and Townhouses for sale Tewksbury MA Short Sales- Avoid Foreclosure in Tewksbury MA See my opinion on where the Massachusetts Real Estate Market is headed.     ____________________________________... 06/14/2010

Massachusetts Foreclosure Process There are two ways a lender can forelcose on your property.  One is entry and possession but is very rarely used in Massachusetts so I will not cover this type of foreclosure.  The second is the Non-Judicial process, which is what we typically see in Massachusetts.  The Non- Judicial foreclosure process takes advantage of the power of sale clause in your mortgage.  When you sign your mortgage at the closing table there is language in the mortgage, stating that you "pre-authorize" the bank to sell you home to pay off the balance of your note if you are in default.  There is a process the bank must go through to foreclose on your property. The first step is the bank must notify you that you are in default on your mortgage.  In most cases the bank will sen... 06/07/2010

Tewksbury Real Estate Market Update Tewksbury Single Family Homes SF Homes Sold: 21 Avgerage days on Market: 145 Original List to Sold Price: 93% Lowest Price Home: $172,000 Highest Price Home: $6629,000 Average SF Home Price: $323,743 Median SF Home Price: $325,680 Tewksbury Condominiums Condominium Units Sold: 12 Average days on Market: 190 Original List to Sold Price: 94% Lowest Price Condo: $174,900 Highest Price Condo: $399,900 Average Condominium Price: $253,472 Median Condominium Price: $242,500 View all the Tewksbury MA Real Estate for Sale View all the Tewksbury MA Condominiums, Condos and Townhouses for sale Tewksbury MA Short Sales- Avoid Foreclosure _____________________________________________________________________________________________ This post was provided by Kevin V... 05/12/2010

Tewksbury, Massachusetts Real Estate and Homes for Sale - Direct MLS Access The Tewksbury MA real estate and home buying process can be complicated and you will benefit from the guidance of industry professionals. A real estate buyer's agent, mortgage lender and an attorney are the primary advisers in the purchase of property. If you are a first-time home buyer or an existing owner, you may qualify for a tax credit and could be eligible for special financing programs. Start your search be determining your price range, housing needs and lifestyle you desire. Tewksbury MA real estate will assist you in finding the right property to meet your needs from local area homes for sale, foreclosed listings (bank-owned), land, condominiums,  all through the MA Multiple Listing Service (MLS). Reque... 04/25/2010

We are starting to shoot new professional videos covering many topics starting next week.  Keep an eye out for them as we hope to help answer questions or give guidance to those who need it.  In the meantime, please check us out on Youtube, Facebook and Twitter!  Links below! Twitter - http://twitter.com/hughfitzpatrick Facebook - http://www.facebook.com/home.php?#!/pages/Tewksbury-MA/New-England-Title/165233565361?ref=ts Youtube - http://www.youtube.com/user/NewEnglandTitle   Thank you, New England Title 02/24/2010

  Single Family Homes Single Family Homes Sold: 55 Average List Price: $369,276 Average Sale Price: $350,654 Average Market Time: 98 Low Price: $219,900 High Price: $630,000 Condos, Condominiums and Townhouses Condominium Listings Sold: 29 Average List Price: $284,507 Average Sale Price: 278,483 Average Market Time: 98 Low Price: $203,000 High Price: $425,000 View all the Tewksbury MA Condos, Condominiums and Townhouses for Sale View all the Tewksbury MA Homes and Properties for Sale         __________________________________________________________________________________ Tewksbury MA Market Statistics was provided by Kevin Vitali of EXIT Group One Real Estate In Tewksbury MA. You can contact Kevin by email at kevin@kevinvitali.com or call 978-360-0422. I pride myself in the quality of... 01/04/2010

2043 sq feet, 4 bedroom, 2.5 bath   $360,000 Tasteful and well maintained colonial in a neighborhood setting. Spacious rooms with updated kitchen and 1st floor bath. First floor has an open floor plan with kitchen, dining room, living room and family room with a large finished playroom in the basement adding almost an additional 400 sq feet. This beautiful colonial is tastefully decorated and ready for you to move right in. Walk-up attic could be potential for add'l living space or offer tons of great storage. Easy commuter access.  property is a short Sale. Join us for the open house on Sunday January 10th from 12pm to 2pm.  Call Kevin at 978-360-0422 with any questions.   View Larger Map                     view all the Tewksbury Real Estate and Homes for Sale Avoid Foreclosure- MA S... 01/03/2010

Foreclosed Real Estate in Tewksbury, Massachusetts Purchasing a home at a foreclosure auction has many risks to a potential buyer and in most cases the bank will bid and take possession of the property at auction. The property is then referred to as bank-owned, REO (real estate owned) or foreclosed property. To search the MA MLS mapped listings by location visit Tewksbury MA MLS listings. Go to Tewksbury MA Foreclosures for a map based search result of bank owned properties. A home owner may attempt a "short sale" whereby the bank agrees to accept less than the mortgage balance based on the owner's hardship and financial status. Obtaining approval can be a long and difficult process. Additionally, there is no assurance that the lender will accept an offer at or above the listed price. B... 12/02/2009

Tewksbury Single Family Homes SF Homes Sold: 95 Avgerage days on Market: 117 Original List to Sold Price: 95% Lowest Price Home: $161,000  Highest Price Home: $600,000 Average SF Home Price: $327,367 Median SF Home Price:  $325,500   Tewksbury Condominium Condominium Units Sold: 44 Average days on Market: 121 Original List to Sold Price: 97 Lowest Price Condo: $195,000 Highest Price Condo: $415,000 Average Condominium Price: $285,695 Median Condominium Price: $256,000 View all the Tewksbury MA Real Estate for Sale View all the Tewksbury MA Condominiums, Condos and Townhouses for sale Tewksbury MA Short Sales- Avoid Foreclosure       11/24/2009

Meeting today with legislative officials to discuss a state-wide electronic land recording platform. Keep your fingers crossed. 10/07/2009

Single Family Units Sold in Tewksbury MA Quarter 2 2009 Number of Units Sold - 44 Average days on Market - 100 Median Sales Price - $308,000 Average Sale Price - $309,000 Low Price - $165,000 High Price - $483000 Sold to List Price - 97% Number of Units Active - 51 Number of Units Expired - 10 Condominium Units Sold in Tewksbury Q2 2009 Number of Units Sold - 26 Average days on Market - 134 Median Sales Price - $249,000 Average Sale Price -$269000 Low Price - $187,000 High Price - $3387,000 Sold to List Price - 97% Number of Units Active - 39 Number of Units Expired - 2 Number of Units Sold - 28 Average days on Market - 83 Median Sales Price - $309,900 Average Sale Price - $315,664 Low Price - $173,800 High Price - $549,900 Sold to List Price - 96.7% Number of Units Active - 51 Number o... 07/07/2009

Tewksbury, Massachusetts recorded a gain in the number of sales of single-family homes last quarter, as compared to Q1 2008 and Q1 2007.  During the first quarter of 2009, 30 homes sold.  This represents an increase of 7.14 percent from the 28 sales of Q1 2008, and is 15.38 percent more than the 26 sales during the first quarter of 2007. The median price of single-family homes in Tewksbury dropped from the first quarter last year, down from $326,000 to $307,450 in Q1 2009, and a decline of 5.69 percent.  Last quarter’s median price is 15.76 percent below Q1 2006. On average, Tewksbury single-family homes spent less days on the market than they have in the previous three years.  While averaging 112 days last quarter, single-family homes averaged 134 days, or 16.42 percent more time on th... 06/15/2009

Apsorption rate for single family homes in Tewksbury Massachusetts.  The lower end of the market is moving briskly while the higher end has been stagnate. This tool is used for sellers to gain insight into how long it may take to sell a home priced in a certain price bracket.  This is just a guide for sellers in Tewksbury MA and a real estate agent shoul dbe consulted to gain insight into the data.         _____________________________________________________________________________________________ This post was provided by Kevin Vitali of EXIT Group One Real Estate In Tewksbury MA. You can contact Kevin by email at kevin@kevinvitali.com or call 978-360-0422.  I pride myself in the quality of my work while helpingbuyers and sellers make dreams come true.  Real Estate Services in the no... 06/08/2009

Members of Free Christian Church in Andover Massachusetts who live or work in the town of Tewksbury Massachusetts will be in front of the Market Basket at Oakhurst Plaza between 5-8pm tonight and 9am to 12 pm tomorrow. They will be handing out a list of items that has been requested by the Tewksbury Food Pantry to anyone who would like to give a helping hand. The Tewksbury Food Pantry is currently helping about 150 local families a month that need a little help in this turbulent economic environment. If you can and want to help please stop by and participate. 05/29/2009