Pre Foreclosure Sales in Massachusetts

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​Times are tough, this year has been especially difficult for property owners to keep up and many face late mortgage payments and you might find yourself in a situation where you are contending with a bank foreclosure on your property which has many downsides, the first and the obvious one would be losing your property. The second and probably the more damaging on the long run is the negative effect a foreclosure would have on your credit score and your ability to secure any future financing from any reputable bank or lender. If you find yourself in this difficult situation then you absolutely need a compassionate and professional team of realtors to execute a preforeclosure sale, more commonly known as a short sale,  to aggressively negotiate with your bank or lender and who know all the tricks in the book to make sure that you don’t take more losses than you should. Massachusetts foreclosure sales are our specialty and we will help you get the best deal with your lender and get out of a bad position. If you are thinking " I should short sale my home" then you should get in touch with the agency that executed the most successful short sales in ma.

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Preforeclosure Listings in Massachusetts

So the question you should ask yourself: is Short selling my home or a  having a pre-foreclosure sale on my property in Massachusetts going to help me navigate a difficult patch of my life and come out on the other side as unharmed as I can be? The answer to that is a yes, but it is extremely important that you have the right team by your side as you navigate heaps of paper work, real estate jargon, legalese and tough negotiations with banks that really have one thing in mind; that is their bottom line. Many people find themselves in a situation where they are being forced to accept lower prices and low evaluations. We at Cambridge Properties have stood by thousands of home owners over the years and helped negotiate successful Pre-foreclosure sales or short sales on various properties all around the state of Massachusetts and we have insider and in-depth knowledge on every major financial institutions paper work and processes for short sales. You can trust Cambridge Properties team to help you navigate this difficult time and we you have our word that we will be as mindful and as honest about the best deal you can have based on the market value of your property and give you a realistic price range that you are comfortable with and move on with the process. 
​What should I consider before a Short Sale?
Before going down the path of short selling home or property you need to make sure that you have exhausted all other options, namely requesting a loan modification from your bank, refinancing your loan at a lower interest rate or giving you a longer forbearance period if your financial setbacks are only temporary. You should consider a short sale after you made sure all of the above avenues have been unsuccessful.
Another thing to note is that a short sale is a move that you should do to protect your financial future, as the effect of having a percentage of your debt forgiven by the bank is much less harmful than having a foreclosure on your credit records. So a Pre-foreclosure sale  doesn’t mean that all your financial problems are gone instantly as some banks might require you to sign a promissory note to pay the amount lost by them due to the short sale, but this really depends on your real estate team negotiation with the risk management department in the said bank and we at Cambridge properties have been quite successful at negotiating this bit out of the contracts but it really depends on many other factors, i.e.: the amount of money owed in late mortgage payments, your financial situation and the short sale price agreed upon with your lender.
​What Paper Work is required for a Short Sale in Massachusetts?
Most lenders and financial institutions usually require the following documents to be submitted with the Short sale request:
  1. Financial Hardship letter in which you describe your financial situation and you reasoning behind the short sale request.
  2. Copy of your property purchase contract and your property listing agreement.
  3. Full income and asset disclosure
  4. Copies of the last two years of your Income Tax returns.
 
How long  Pre foreclosure Sale Takes?

Depending on your financial situation and number of mortgages you have it can be anywhere between 1-6 months. Sellers with one mortgage are looking at an up to 90 day approval and sellers with two or more are looking at up to 6 months.

What happens if my request to short sale my home is not approved?
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Cambridge properties having been authorized by you will have to re-apply and negotiate with the loss mitigation department at the lending organization to make sure any extra paperwork is filed and to speed the process along and protect you from bank foreclosure.
What Does Pre-foreclosure Mean?What is a Pre foreclosure?
There are three main factors that would make a prospective sale a short sale or a preforeclosure sale in Massachusetts State.
  1. Your Property is worth less now than the amount of money you owe your bank in total Mortgage value.
  2. You are Late on mortgage payments due to any financial hardship or a change in financial situation.
  3. When you re home is about to be foreclosed on by your bank but they might be open to negotiating a short sale. 

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Why should I hire Cambridge Properties to help with Pre foreclosure sales in Massachusetts?


  1. Short Selling is relatively a young process in the world of real estate. Therefore, there are only a handful of real estate teams who are licensed and have the expertise to handle the process and the sensitivity of this process cannot be understated as the failure of short selling would mean foreclosure and severe hit to your credit score and your ability to secure further financing. So you need an experienced team who have a successful record and know the ins and outs of Short House Sales and short Property sales in the state of Massachusetts.
  2. Cambridge Properties team will provide you with a certified CMA (comparative market analysis) and a certified BPO (broker price opinion) which is essential for your lender to close the deal and approve your short sale request.
  3. Through our huge network of buyers we will list your house and help find a buyer for the best price, which is one trick in our playbook, as having a willing buyer or a group of interested buyers lined up would increase the chances of approving a foreclosure sale.
  4. We will ensure that the house is clearly marked as a short sell and that lender approval is required in the MLS (Multiple Listing Service).
  5. We will work with your lender and provide all the paperwork needed to ensure a successful negotiation and an approval on the short sale request.
  6. We will negotiate the short sale contract with the potential buyers and make sure you get the best and most fair price for your property. 
 We offer our short Sale and Pre-foreclosure sale services statewide in Massachusetts so give us a call and get your FREE consultation today, know your options and make an informed decision:
Boston, Cambridge, Somerville, Arlington, Medford, Lexington, Winchester, Stoneham , Malden , Everett , Chelsea, East Boston , Charlestown, Revere, Winthrop, Lowell, Lawrence, Worchester.
Pre foreclosure listings Massachusetts.
Massachusetts short sale listings
If your city or town is not listed, we are 100% sure that we cover it. So get in touch and we will be on your side through this process.

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857-412-7646
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