Lowell, MA Foreclosures, Short Sales and Bank Owned Real Estate for Sale Purchasing a home at a Lowell MA foreclosures 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 listings visit Lowell MA MLS listings. 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. Bank-owned and short sale listings are often marketed with a real estate agent... 04/04/2010

Lowell, Massachusetts Real Estate and Homes for Sale - Direct MLS Access The Lowell 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. Lowell 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). Request reloca... 03/14/2010

Since 1988 Lowell has dedicated itself to the redevelopment of the Arts District.  The redevelopment has created a thriving downtown offering its residence a very active cultural and arts community.  If you live in the Lowell Arts District your are with-in walking distance of museums, plenty of dining, music events, shopping, festivals a nd more. One of Lowells popular festivals is the Lowell Folk Festival, scheduled for July 23-25th of this year. Other festivals include a film festival, the African Festival and more.  Live in one of Lowells exciting downtown Lofts and become part of the Lowell Arts District.  View Lowell Lofts for Sale starting from $129K. Lowell Film Festival              Lowell African Festival        Lowell Earth Day Festival      Lowell Latin Festival       _______... 03/02/2010

Lowell Single Family Homes Single Family Homes Sold: 103 Average List Price: $227,019 Average Sale Price: $212,155 Average Market Time: 98 Low Price: $37,000 High Price:  $682,250 Lowell Condos, Condominiums and Townhouses Condominium Listings Sold: 70 Average List Price: $161,900 Average Sale Price: $150,530 Average Market Time: 97 Low Price: $40,000 High Price: $300,000 Lowell Multi Family Homes Multi-Family Listings: 50 Average List Price: $219,450 Average Sale Price: $181,514 Average Market Time: 97 Low Price: $70,000 High Price: $400,000   View all the Lowell MA Condos, Condominiums and Townhouses for Sale View all the Lowell MA Homes and Properties for Sale   __________________________________________________________________________________ Lowell MA Market Statistics was provided... 01/04/2010

Lowell, Massachusetts Property Search Tools Lowell MA real estate The 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 advisors 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.  The Lowell MA MLS map search tool provides immediate addresses and mapping so that you can search by the most important criteria - location go to MA MLS map search. Lowell MA real estate will assist you in finding the right property to meet your needs from local area h... 12/02/2009

Lowell MA Foreclosures, Bank Owned and Short Sale Property for Sale Register to receive Lowell MA real estate foreclosure (bank-owned) listings and short sale opportunities. One of our Lowell real estate professionals will contact you and provide: A list of existing real estate foreclosure (bank-owned) and short sale listings in Lowell. Email alerts on NEW foreclosure (bank-owned) and short sale listings in the Massachusetts MLS. Address and mapping information. For Lowell community information including school reports, demographic, relocation, home buying and selling information go to Lowell MA real estate. To search the MA MLS listings visit Lowell MA MLS listings. Go to Lowell MA Foreclosures for a map based search result of bank owned properties. This report is based on activity rep... 11/19/2009

Buyer's (and sellers) beware..... do you know who your agent is working for? Let's face look at homes is fun!! Understanding some of the legal part of it is not.  I see so much confusion among buyers who think their real estate agent is working for them when they really are working for the seller or even no one.  In Massachusetts it is state law that an agent reveals to a prospective client their agency relationship(how an agent is working with a client) to that prospective customer/client. Let me ask you a silly but important question.   If you were a baseball player would you sit it the opposing teams dugout and let the opposing teams coach tell you how you should play your game ? Of course not, and I know many of you are snickering.  Yet many buyers will buy a home directly from a li... 05/29/2009

  Market Statistics for Lowell Massachusetts Q1 2009   Single Family Homes Single Family Homes Sold: 75     Average List Price: $194,988     Average Sale Price: $184,445     Average Market Time: 110.19 Condos, Condominiums and Townhouses Condominium Listings Sold: 46     Average List Price: $114,030     Average Sale Price: $107,802     Average Market Time: 129.13     Average Price per Square Foot: $282   Multi Family Homes Multi-Family Listings: 52     Average List Price: $162,713     Average Sale Price: $153,192     Average Market Time: 91.21   The market seems to be stabilizing.  Market times are down and there is less inventory.  Multi Family Homes and Single Family Home prices have remained stable.  Market times are down for condominiums though the prices still seem to be dropping. ... 04/13/2009

A little last minute, but worth making if you are a Massachusetts residence in danger of losing your house to foreclosure. The workshops are run by the State as part of Governor Patrick Deval's solution to our foreclosure crisis. Friday, April 3, 2009 2:00 p.m. - 8:00 p.m. Registration closes at 7:00 pm The Conference Center at Massasoit 770 Crescent Street Brockton, MA 02302 April 2, 2009 2:00pm - 8pm Registration Closes at 7pm Double Tree Hotel 50 Warren Street Lowell MA 01852     check out http://mass.gov/foreclosure for more information     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.  No obligation, confidential, consultation to see if a short sale is right for you... 04/02/2009

Buying a home is an important investment however your primary focus should be to solve a housing need. The process can be very complicated if you do not work with industry professionals that can provide accurate information and advise you. The professionals include mortgage lenders, Realtors, attorneys, home inspectors and accountants. If you are a first-time home buyer, you may qualify for a tax credit ($8000 in 2009) and could be eligible for special financing programs. For a map based search of all properties listed in the MA MLS go to LOWELL MA MLS Let Lowell MA real estate assist you in finding the right property to meet your needs from local area homes for sale, foreclosure listings (bank-owned), country properties, land, condominiums and equine facilities -- all through the MA Mu... 03/26/2009

Following is the quarterly market statistics for Lowell MA. Lowell Single Family Homes  Sales Stastics Number of Units Sold 198               Average days on Market 160 Median Sales Price $194,950          Average Sale Price $199,573 Low Price $43,250                         High Price $685,000 Sold to List Price 96.4%   Lowell Condominium Sales Statistics Number of Units Sold 129              Average days on Market 157                                                      Median Sales Price $136,000         Average Sale Price $137,780 Low Price $10,000                        High Price $320,000 Sold to List Price 95.8%   Lowell Multi Family Sales Statistics Number of Units Sold 127             Average days on Market 83 Median Sales Price $175,900        Average Sale Price $173,335 Low P... 02/10/2009

Buyers, What are you waiting for? This is the BEST time ever to purchase your home with the Interest Rates as LOW as they are and the Incredible Inventory of Homes on the market RIGHT NOW! First Time Homebuyers are also eligible for a Tax Credit of $7,500. For more information on this and other Mortgage questions or concerns just ask me! 01/13/2009

  Recent data released by The Warren Group, a Boston publisher of real estate and financial information, shows residential property foreclosures have increased 199% when comparing the first 10 months of 2006 vs. the first 10 months of 2007. Many local towns have seen significant increases in foreclosures. What does all of this mean to the local homeowner? Typically when there is a dramatic foreclosure increase resulting in a large supply of Bank Owned properties listed for sale, area values tend to go down. Lets take the City of Lowell for an example. A majority of the 222 foreclosures in the City of Lowell are 2-3 unit Multi-Family properties. The 3rd Quarter (July-September) typically sees the most volume of sales activity for the entire year. In the 3rd Quarter 2006, there were 39 Mu... 12/05/2007