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Midcoast Maine Foreclosure Properties for 1st Time Buyers

Sunday, July 27, 2008


A couple of new foreclosures have come on the market this week and are certainly worth noting. As mentioned in a prior blog Midcoast Maine Foreclosure Properties, first time buyers are attracted to the bank owned properties because of their affordability. 
The following properties are located in the rural areas of Midcoast Maine, are fairly new construction and have been left in reasonable condition. (Many foreclosure properties are in a distressed state). These homes may offer buyers an opportunity to get into a home at a reasonable price.

1824 West Appleton Road in Appleton.  A large three bedroom cape, with farmers porches (2) and a stone fireplace. Large lot bounded by stonewalls and woods. Priced at $134,900.FMI: www.VictoriaCondon.com/1824WestAppleton



45 Metsa Lane in Warren.  Gently used 2006 Ranch on a 1.02 acre lot. Three bedrooms, a full basement and an open kitchen/dining/living room floor plan. Priced at $144,900. FMI: www.VictoriaCondon.com/45Metsa 

You should note that the majority of bank owners don’t allow extra contingencies (conditions) in their contracts. This can make the buying process a bit more challenging. In the rural areas of Midcoast Maine and those served by water wells and septic systems this often creates issues. Many of the banks who provide loans to buyers will require a water test on private wells. This is to make certain that water is potable or safe to drink.  There are ways to accommodate this. It takes creativity and a good understanding of the foreclosure buying process. 
If you want more information on the above properties or if I can help you through the foreclosure buying process then please conact me: vcondon@jaretcohn.com


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