Multi Million Dollar Producer
I will be happy to provide all the information you need to buy or sell real estate in Lawrence, Methuen, Haverhill, and surrounding areas. As the premier real estate agent in Lawrence, I look forward to serving you and will be happy to help at any time. Learn More About Me
Whether you are a first time homebuyer or a seasoned veteran I have all the resources you need to buy real estate in Lawrence, Methuen and Haverhill.
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Find out how much your home is worth and how I can help you get top dollar for your home.
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In a short sale, the bank or mortgage lender agrees to discount a loan balance because of an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's loss mitigation or workout department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Extenuating circumstances influence whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market and the borrower's financial situation.A short sale typically is executed to prevent a home foreclosure, but the decision to proceed with a short sale is predicated on the most economic way for the bank to recover the amount owed on the property. Often a bank will allow a short sale if they believe that it will result in a smaller financial loss than foreclosing as there are carrying costs that are associated with a foreclosure. A bank will typically determine the amount of equity (or lack thereof), by determining the probable selling price from a Broker Price Opinion BPO(also known as a Broker Opinion of Value BOV) or through a valuation of an appraisal. For the home owner, advantages include avoidance of a foreclosure on their credit history and partial control of the monetary deficiency. A short sale is typically faster and less expensive than a foreclosure. In short, a short sale is nothing more than negotiating with lien holders a payoff for less than what they are owed, or rather a sale of a debt, generally on a piece of real estate, short of the ful l debt amount. It does not extinguish the remaining balance unless settlement is clearly indicated on the acceptance of offer.
Michelle Fermin, Multi Million Dollar Producer Cell: (978) 423-6545 email@example.com
232 Pleasant Street Methuen, MA 01844 Office: 978-689-2880 x107 e-Fax: 866-875-9877
Betty Tavarez, License Executed Assistant Cell: (978) 360-9218 Betty@michelleferminproperties.com
Hello and thank you for visiting my website. I know that buying or selling a home is one of the most important things you will ever do, and I want to help make that experience as smooth and successful as possible.
Me and my staff will ensure that we walk you thru every step of the process. We have over 25 years of combined real estate expereince. We work around the clock 7 days a week to ensure success.
My extensive experience and expertise in the Lawrence, Methuen, Haverhill, Lowell, and Dracut real estate market will benefit you whether you are looking to buy or sell a home in the area.
Buying a home? I will help you find the home of your dreams by taking the time to listen and understand your needs and desires. Once I know what you want, I will work tirelessly to find the right home for you, because no one should have to compromise when it comes to such a huge purchase.
Selling your home? My expertise in the Lawrence, Methuen, Haverhill, Lowell, and Dracut real estate market will help ensure that you get the best price for your property. My finely-tuned marketing program will make sure the right people see your home.
Here are some of my business qualifications and accomplishments:
Number 1 agent for Remax since joining in 2
I hope that you find my website to be a great source of information and visit often. Whether you are looking for Homes for Sale, Moving Resources, or even Mortgage Information everything you need is right here.
I will always be available for personal service by phone or email, so feel free to contact me with questions any time!
Michelle Fermin, Realtor®, Multi Million Dollar Producer