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North Conway New Hampshire and Maine Real Estate

Blog by Bill Barbin
North Conway, New Hampshire

A resource for local information about real estate and life in general in the resort area of North Conway and The White Mountains of New Hampshire. Bill is a licensed Broker in NH and Maine working with Badger Realty at 2633 Main St. North Conway NH 03860, Office:603-356-5757 and can be reached directly at 603-986-0385.

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North Conway New Hampshire and Maine Real Estate

Rare Fryeburg Maine Bank Owned foreclosure 3 bedroom ranch

Sep. 23, 2009

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04037-Fryeburg (Main st. Village) FOR SALE
$109,900 Foreclosure Sale Price

Badger Realty
Bill Barbin
Email Bill


Work: 603-986-0385
Cell: 603-986-0385
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7 Main Fryeburg ME REO Primary by Bill Barbin of Badger Realty

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Details
  Address: 7 Main Street Type: Residential Style: Single Story Bedrooms: 3 Bathrooms: 1 Suite: No Living Area: 1,400 square feet Year Built: 1976
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Description
  Bank Owned 3 bdrm Ranch in Fryeburg. Needs a little tlc. Spacious eat-in kitchen, cozy living area and a full basement waiting for a new owner to finish. Enjoy access to the Fryeburg schools. Great for first time buyers or downsizing. Recently foreclosed. Offers must have a pre-approval to be submitted. First Time Buyer approved for $8000 stimulus incentive transfer by 11/30/09 (allow 6 - 8 weeks for lender processing). No Money down programs available.
More Description
 

 
Brokered and Advertised by North Conway 603.986.0385 LID 5012441
 
Information is deemed to be correct but not guaranteed.

Super Value Just 5 min from North Conway in the Eidelweiss Beach Community

Sep. 23, 2009


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03849-Madison (Eidelweiss)
        FOR SALE
$159,000 Priced like a foreclosure
     
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Bill Barbin
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Work: 603-986-0385
Cell: 603-986-0385
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10 Blinden Madison NH near North Conway NH

 
 

 
  
   
     
   
   
   
  
  
   
   
   
   
   
   
  
  
   
  
   
   
   
   
   
   
  
   
 
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Address: 10 Blinden Drive Type: Residential Style: 3 Story Bedrooms: 3 Bathrooms: 2 Suite: No Living Area: 1,597 square feet Year Built: 1970
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For sale in as-is condition. Super Value in Eidelweiss! 7 rooms, 3 bedroom, 2 full baths and wrap around deck. Close to Geneva Beach, Community waterfront on 5 beaches. Excellent condition & private. Super value you can bank on. Furnishings negotiable, New roof. Newer hot water heater, washer and dryer.
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Brokered and Advertised by North Conway 603.986.0385  LID 5012412
Information is deemed to be correct but not guaranteed.

Bank Owned list really for free. My listings displayed by Ed Harrigan of Bank Of America here in North Conway for pre-approvals

Sep. 23, 2009

 

 
NEW BANK-OWNED LISTING NOTIFICATION!
 
Dear prospective Buyer,
 
My name is Ed Harrigan of Bank of America Home Loans in Conway, NH. I have partnered with Bill Barbin of Badger Realty in North Conway, NH to assist him and his clients with bank-owned real estate transactions. Bill is an REO expert and works closely with numerous mortgage lenders to market their foreclosed inventory, including Bank of America Home Loans. In today’s market there are many buyers in search of a deal. Timing is critical when a property is priced to sell, which means you need to be up-to-date on current listings before they are gone. As a value added service to Bill Barbin’s clients, I provide regular notifications on newly “listed” foreclosure properties. If you see a foreclosed home or any other property that interests you, be sure to call Bill Barbin for full details.  His contact information is below.  When it’s time to make an offer on the right property, Bill will work closely with you to ensure a smooth transaction.
 
 
Sneak Previews
 
 
29 CHAMPNEY ROAD
NORTH CONWAY,NH 03860 3 bedroom 1 bath Bank Owned Ranch in the heart of North Conway on a quiet dead end road. 1 car attached garage. Deck. Fair Condition
Price: TBD – not yet listed for sale
Click hereto view listing:  (Here I will put a hyperlink to NNREN so that your client can simply click on the link to view the property)
 
6 KRISTIN LANE
BARTLETT NH 03812 4 bedroom 2 bath foreclosed home with 2 car attached garage. Corner Lot. Views. Poor Condition
Price: TBD – not yet listed for sale
 
89 RYDER ROAD
CAMPTON NH 03223 3 bedroom 1 bath Bank Owned Chalet on approx. 3+ acres with a large unfinished garage and a large unfinished stable/barn. Very Private Location near Plymouth. Poor Condition
Price: TBD – not yet listed for sale
 
If you have an interest in any of these properties contact Bill Barbin at 603-986-0385 for information on how to be ready when the price is set and the property hits the market.
 
 
CURRENT LISTINGS
 
EFFINGHAM NH 03882 8 Room 4 bedroom 2 full bath foreclosure Antique Cape with small attached barn/workshop and carport. Beautiful 1+/- acre lot. Good Condition
Price: $164,900   Days on Market: 6
 
FRYEBURG MAINE 04037 5 room 3 bedroom 1 bath Bank Owned Cape on just under 1 acre on Rt. 302 in Fryeburg ME. Fair to Good Conditon
Price: $109,900   Days on Market: 6
 
CONWAY NH 03818 6 room 3 bedroom 1 bath home on just under 1 acre. First Time Buyer approved. Deck w Hot Tub, New Foundation Footing. Very Good Condition
Price: $129,900   Days on Market:118
 
CONWAY NH 03813 7 room 3 Bedroom 2 Bath Foreclosed Property New Construction Colonial on over an acre. Within 200+/- yards of Conway Lake. Good Condition
Price: $255,000   Days on Market: 114
 
MADISON NH 03849 8 Room 4 Bedroom 3 Bath Bank Owned Home on over 4.5acres near King Pine Ski area. Minutes to North Conway. Built in 2004. Fair to Good Condition
Price: $239,900   Days on Market: 23
 
 
 
For information on any of the above listings call:
Bill Barbin
Badger Realty
Office: (603) 356-5757
Cell: (603) 986-0385 *BEST*
Visit Bill on the Web:
 
ARE YOU LOOKING TO FINANCE YOUR TRANSACTION?
If you are looking to finance your transaction it is important that you obtain a pre-approval from a mortgage professional that understands this market and can provide you with fast, professional service. Many banks won’t even review your offer without a pre-approval. As a local mortgage professional I am familiar with the demographics of this market. In addition, I understand the intricacies of purchasing a bank owned property. I am available nights and weekends to provide you with a free pre-approval letter and credit analysis.  
 
 
IMPORTANT NOTE:
 
If you are seeking to make an offer and need financing on a Bank of America owned listing, a Bank of America Home Loans pre-approval is required to submit your offer. However, you are NOT obligated to use Bank of America Home Loans. You are free to choose whichever lender you wish to provide financing. 
 
 
Sincerely,
 
                                                                                                              
 

     
 
 
On the Web:
The highest compliment my customers can give is the referral of their friends, family, and business partners.
 
 
 

New Foreclosure bank owned property in North Conway NH

Sep. 23, 2009


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03860-North Conway (Other)
        FOR SALE
$ Foreclosure New No Price
     
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Bill Barbin
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Work: 603-986-0385
Cell: 603-986-0385
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Foreclosure north conway nh - grass has been cut

 
 

 
  
   
     
   
   
   
  
  
   
   
   
   
   
   
  
  
   
  
   
   
   
   
   
   
  
   
 
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Address: 29 Champney Road Type: Residential Style: Single Story Bedrooms: 3 Bathrooms: 1 Suite: No Living Area: 964 square feet Year Built: 1967
http://platform.point2.com/Report/lct.ashx?lid=5011265&aid=CL&url=http%3A%2F%2Fwww.billbarbin.com%2FListing%2FViewListingDetails.aspx%3FListingID%3D5011265%26ShowCompact%3DFalse%26Preview%3DFalse%26Bb%3DCL%26Cc%3D5011265">More Details

 
 
 
  
   
   
  
   
  
   
  
   
   
   
  
 
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Great North Conway NH Location for this bank owned property. About 1/4 mile from North Conway Village by sidewalk. Left in Good Condition. Awaiting appraisal and clean out. Then the bank will set the price and it will come on the market. It is possible to be on a notification list to be informed of the price as soon as it gets set.
3 Bedrooms, 1 full bath, eat in kitchen, living room, full basement with a partially finished room plus plenty of storage and laundry area.
Nice lot with front and back yard and a deck out back. 2 car attached garage has mudroom/breezeway connector.
http://platform.point2.com/Report/lct.ashx?lid=5011265&aid=CL&url=http%3A%2F%2Fwww.billbarbin.com%2FListing%2FViewListingDetails.aspx%3FListingID%3D5011265%26ShowCompact%3DFalse%26Preview%3DFalse%26Bb%3DCL%26Cc%3D5011265">More Description

 

 
  
   
  
  
   
  
  
   
  
  
   
  
 
Brokered and Advertised by North Conway 603.986.0385  LID 5011265
Information is deemed to be correct but not guaranteed.

Short Sale starter info.- a solution for foreclosure

Feb. 1, 2009

A short sale is a sale that occurs when the lender(s) agrees to take a price that is lower than the loan amount. This is put into place when an owner can see foreclosure coming down the road, whether it's from loss of income, need to relocate or any of the other reasons that a home can become a bank owned property for sale. Short sales are a common solution these days. It isn't a great answer for a homeowner's financial problems but it is still better than a foreclosure on a credit report. Both are damaging, but the short sale doesn't last as long.

The key to the short sale is early preparation. This is a resolution that needs the lender to be on board from day 1. Most lenders require an active listing contract with a broker and active participation in the preparation process by the broker. A short sale also requires cooperation amongst any second loan/equity loan holders. A clear accounting of the owner's financial condition needs to be prepared, a fair market appraisal will be ordered and the property needs to be marketed at a fair price.

In the North Conway NH area, which has plenty of foreclosures for sale, the best first step to take is to contact a trusted real estate broker that has experience with helping people through a short sale process. If you need help I am available to help you with this process. Contact me, Bill Barbin, at Badger Realty: 603-986-0385 is my cellphone #.

Bartlett NH and North Conway NH bank owned sales history

Feb. 1, 2009

Here are some more great examples of Bank Owned and Foreclosed property sales. These are properties for sale that closed in Jackson NH and Bartlett New Hampshire in the last 200 days:
www.BillBarbin.com

Bartlett NH - 467 Jericho Rd. Foreclosure Sale
A 2 bedroom 1 bath home. Approx. 3 miles from Badger Realty Jackson Office.
Asking Price for sale at $37,900, Bank Owned sold at $33,500 on 12/31/2008
On the market for 301 days with original list price of $141K+/-.

Bartlett NH - 92 Wilhelm Place at Linderhof / Christmas Mountain area Bank owned
3 Bedroom 2 Full bath Chalet in Good location and in Good condition, with fee access to golf and pool and tennis. Near Storyland. 1 acre lot. 2 miles from Badger Realty Jackson Office.
Asking price for sale at $174,900 Foreclosure sale at $174,900 on 11/17/2008

Jackson NH - 47 Dana Place Rd. #3 Foreclosed
New Hampshire gem. 5 Bedroom 4 Bath condo just minutes from Wildcat. Approx. 4 miles north of Jackson office of Badger Realty
Asking price for sale at $129,900 Bank owned sale at $130,900 on 10/20/2008

The best way to find foreclosed properties, foreclosure listings and bank owned property is to work with a knowledgable agent, like myself, that specializes in Foreclosure Sales, Short Sales and Bank owned property.
I need to say on top of the bank owned and foreclosure listings of all my competitors in order to serve the needs of my lender-clients best. That means that the buyers that work with me often have advanced knowledge of bank owned and foreclosed listings coming on the market and also have an advantage when dealing with the forecosure listings of the other agents that get the listings in the White Mountain area.
Banks are not easy to deal with. At www.BillBarbin.com
I have been working with lenders and banks for years and I can help guide you through the difficult and sometimes frustrating process that will lead you to a purchase of the right property at a very good price. Good deals sit while Great Deals sell. MY direct # is 603-986-0385. Give me a call if you would like to work with a broker that knows bank owned foreclosyre listings and can give you the competitive edge.

The reality of foreclosure lists and bank owned for sale methods

Feb. 1, 2009

The following is an answer to a recent email I received from a blog reader. He had inquired about bank owned properties and i sent him a list of a mix of properties (bank owned foreclosures and privately owned) from the NNEREN mls we use as brokers in NH. He responded by saying that he didn't want mls listings but that he actually wanted the info. on foreclosures: This led me to my explanation of the methods and reasoning behind the very public approach the banks take and the information that the people that sell "Foreclosure Property Lists" do not want you to know. This is a time of opportunity and like many windows of opportunity, there are many many snake oil sales schemes that prey upon the perception that there is a secret method of advertising foreclosures that the banks employ as opposed to soliciting the highest market value they could get on the open market. The old stan-by saying of "they don't want to own property" makes us all believe that they will just give them away if only they could find a buyer. The reality is that they want the highest value they can get in the shortest period of time. Here is my response:

Hi XXXXX,



Banks actually list their properties with brokers in order to get the full exposure to the competitive market. They send their own reps to auctions to make sure they don't sell for less than a marketable value. Then they list the property with a broker, like myself, to get the property on the mls. This works well for them because their pricing strategy is to price below the appraised value so that their listings are an obvious value in comparison to the regular mls offerings. They can do this because they are just trying to mitigate losses. Private property sellers are typically trying to pay off a mortgage or maximize their profits. The banks accept that their will be a loss. They get an opinion of value from their broker, then they pay to have an appraiser give a value and then they undercut it by a margin that will make them sell fast and often in a competitive offer situation.
I think your question stems from a myth that is popularized by companies that sell lists of foreclosures and that myth is that there is some type of secondary marketplace where banks quietly stash their listings. Banks want to expose their properties to the largest number of ready, willing and able buyers. Brokers and the mls are the best source for buyers.
The secondary benefit for buyers in a foreclosure rich market is that the banks start to take control of the prices. When foreclosures sell for 10% below an appraised value every property around that sale is devalued by 10%. Then to sell a home in that area a property needs to be priced so as to be an obvious value. In other words, it has to be priced below the adjusted value. So what we are seeing now is that sellers that really want to sell need to compete with the banks' prices. This presents great deals for buyers whether the property is a foreclosure or not.
What I think you need to do is to look for a property that has what you want and then work with me to compare it to sold properties to determine the price that makes it a great deal and then you make an offer. It doesn't matter if it's a bank or a homeowner so long as you get the property for the right price.

Thanks,
Bill Barbin
Direct: 603-986-0385

Badger Realty North Conway NH
Sent from my Wireless BlackBerry Device