Foreclosures in Town?
Posted by CityBlogMA on May 28th, 2007
Can anyone speak to the issue of foreclosures in Quincy, Massachusetts? Foreclosures are up around the country due to the sub-prime lending practices. Is there any foreclosure impact on real estate in Quincy?
Loading ...
Forclosures in Quincy have risen aprox. 50% over the past year. We have the same problems due to subprime lending practices;however, things are slowly getting better. The trick now is to find the homeowners that are still in pre-forclosure. I can (and have many times) sucessfully negotiated short sales with banks around the country , thus saving the homeowner the embarrasement and stress of a forclosure. This is good news to both buyers and sellers-for more information call Jack or Val at PHP Realty 508-427-5585
My sense is that foreclosures have not had the impact on Quincy as they have had on some other locations surrounding Metropolitan Boston. There may be a variety of reasons for that and not the least of which is that there is a consistent demand in Quincy given all of it’s many attributes and proximity to the Boston downtown via Public Transportation plus the relatively affordable prices. Values have held well and “Super-Inflated” values have not significantly impacted the market, we are stable to date. For more information and or excellent professional,courteous service for your purchase, sale or referral contact: Norman E Tuttle, Granite Group, Realtors, 7 Beale St, Quincy,MA 02170 at 617 773 2020 x 20 or Norman@TuttleRealtor.com