Bank Owned Condo at Cranmore Birches in North Conway NH real estate

November 7, 2012 By Bill Barbin Leave a Comment

We're sorry, but we couldn't find MLS # 4196411 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Back to Home North Conway NH and Bartlett NH Condos Jackson NH Real Estate Bartlett NH Real Estate

QUICK LOAN MATH: $146K loan at 3.5% for 30 yrs. = $656/month + $400/month est. taxes and insurance + $142/month condo fee = $1198/month for a $2300sf townhouse with plowing and trash fees included!!

Bank Owned Cranmore Birches 3 Bedroom + condo in good condition. Deck and 2 balconies. Attached Garage. 1/4 mi. to Cranmore Mtn Resort. Townhouse style condo at Bank Owned prices!!
Call Me, Bill Barbin at 603-986-0385. I am the listing agent and will do my best to help you get this property. Work with any other agent and you will not get my help.

Listing Price: 163312
Address: G1 Cranmore Birches II
City: North Conway
State: NH
ZIP: 03860

MLS # (if any): 4196411
Square Feet: 2300
Bedrooms: 3-4
Bathrooms: 2.5
Basement (full, 1/2, finished, unfinished): Full, Finshed, Walk out

Home

Filed Under: Bartlett NH real estate, Jackson NH real estate, My Listings, NH Bank Owned, North Conway Foreclosures, North Conway NH bank owned, North Conway NH foreclosed real estate, North Conway NH real estate Tagged With: Bartlett NH Condos, jackson nh real estate, North Conway NH, North Conway NH bank owned real estate, North Conway NH condos, North Conway NH foreclosures

Everybody Calm Down! The Sky Is NOT Falling

June 6, 2012 By Bill Barbin Leave a Comment

Posted: 05 Jun 2012 04:00 AM PDT

After weeks of continuous good news about the housing market, the naysayers jumped all over this month’s Pending Sales Report from the National Association of Realtors (NAR). Pending sales were down from the previous month. This must be proof that all that other positive news on real estate should be ignored – right? WRONG!!

It is true that this month’s numbers were down from last month. However, we must realize we are comparing the numbers to the best month in two years. The numbers are 14.4% higher than the same month last year. Below is a graph showing the pending sales numbers over the last two years. You can decide whether it is showing a recovering market or not.

Everybody Calm Down! The Sky Is NOT Falling.

Filed Under: Bartlett NH real estate, Jackson NH real estate, North Conway Foreclosures Tagged With: Bartlett NH, Bartlett NH condo, Bartlett NH Condos, Bartlett NH real estate, Bartlett NH ski chalet, jackson nh real estate, North Conway NH bank owned real estate, North Conway NH foreclosures

Short Sales: The Mortgage Originators Role in the Process

May 10, 2012 By Bill Barbin Leave a Comment

Posted: 10 May 2012 04:00 AM PDT

A key component to the success of a short sale involves working with a Mortgage Originator who is well versed in the short sale process. The short sale negotiation process is a patience testing task. The complications are many, however if the buyer is securing mortgage financing and is working with an originator that understands that short sale process the buyer and seller can be rest assured, in most circumstances, that the transaction will get to the closing table.

There a 5 key questions to ask when choosing an Mortgage Originator for the purchase of a short sale transaction.

1.) Are they versed in the Anatomy of the Short Sale process?

The proper mortgage origination process pertaining to a short sale purchase is a bit different than a normal non-distressed property purchase. However, it is always my belief that in order to lead the cavalry one must have sat in the saddle. Putting this in terms of the short sale process, in order to originate a loan for a buyer who is interested in a short sale, one must understand the entire anatomy of the short sale process. This includes the challenges that the sellers faces regarding financial difficulty and hardship, the challenges that the selling agents face regarding listing and negotiating the short payoff and most importantly the strict timelines that come along with a short sale transaction.

2.) Will they issue a “TRUE” pre-approval prior to Short Sale approval?

A complete short sale package should include a mortgage pre-approval for the buyer if the buyer is securing mortgage financing to purchase the property. The originator should have taken a full mortgage application, documented income, assets, reviewed the buyers credit and submitted the file through the appropriate automated underwriting service (ex DU,LP) prior to issuing a pre-approval letter to the buyer.

The pre-approval process for a short sale transaction should not be any different than the pre-approval process in a non-distressed sale. Having said this, we have closed over 2500 short sale transactions nationwide. Many times, because of the long timeframes that are involved in a short sale, originators are not properly pre-qualifying the buyer prior to short sale approval. Originators are waiting until the short sale is approved by the short selling bank to submit the client profile to underwriting and is some cases to even issue a complete pre-approval. That is too late! In every circumstance the pre-approval process should be done thoroughly before the short sale approval.

3.) Will they order the appraisal prior to Short Sale approval?

In a non-distressed sale typically, once the purchase contract is signed, the Mortgage Originator or their processing team will then order the appraisal for the property so that it may be reviewed by underwriting. Underwriting will then make sure the property is acceptable as collateral based upon the loan that is being applied for.

This process should hold true if the buyer is buying a short sale. Many times however, the appraisal is not ordered until the short sale is approved by the short selling bank. Often, this will delay the closing timeframes. Also, consider this, if the short selling bank based upon their appraisal, counters they buyer with a higher price, the buyer who has already had their appraisal done will have the ability to issue a rebuttal based on their appraisal. The Buyer’s/Lender’s appraisal is a great tool to negotiate value disputes with short selling banks.

4.) Will they communicate with the Short Sale Negotiator?

There is one line of communication that is a must during a short sale. This is the communication between the Short Sale Negotiator and the Mortgage Originator. The Mortgage Originator should be in touch with the negotiator on a weekly or bi weekly basis to obtain the status of the negotiation. It is imperative that the originator be informed of such deadlines as closing dates, approval expirations, BPO time lines, contract changes etc.

5.) Will they keep the Buyer engaged throughout the process?

In a non-distressed sale the timelines are usually short from pre-approval to closing. The potential buyer will obtain a pre-approval for mortgage financing; they will shop for a home, make an offer and then close on the property. Most cases this process takes between 30-60 days.

In contrast, the short sale purchase timeline could take the normal 30 to 45 days of shopping but, from the time a buyer puts an offer on a property to the time they actually close could take 90-120 days. During this time frame, the mortgage originator must keep the buyer engaged. The information gathered in the pre-approval process meaning paystubs, bank statements etc. will need to be updated appropriately so that when the short sale bank issues their approval the buyer is ready to close on time and within the approval guidelines. All too often short sale negotiators are asked to obtain short sale approval extensions from the short selling bank because the buyer could not close on time. Most of this stems from the Mortgage Originator scrambling to obtain last minute documentation that could have been avoided if the buyer’s credit file was routinely updated throughout the entire short sale process.

In closing, with the abundance of short sale transactions permeating the marketplace, it is imperative that all interested parties to a short sale work with a Mortgage Professional that understands this segment of the marketplace. By keeping the 5 questions above in mind, you may alleviate the possibility of a short sale transaction failing because of buyer financing falling apart.

Short Sales: The Mortgage Originators Role in the Process.

Filed Under: Buying a NH home, NH Bank Owned, North Conway NH bank owned, North Conway NH foreclosed real estate, North Conway NH real estate Tagged With: Bartlett NH condo, Bartlett NH real estate, jackson nh real estate, North Conway NH foreclosures, North Conway NH ski house, Tamworth NH foreclosure

47 Heather Lane Bank Owned Home in North Conway NH

April 24, 2012 By Bill Barbin Leave a Comment

We're sorry, but we couldn't find MLS # 4150605 in our database. This property may be a new listing or possibly taken off the market. Please check back again.


Listing Price: 135000
Address: 47 Heather Lane
City: North Conway
State: NH
ZIP: 03860
MLS # (if any): 4150605
Square Feet: 1790
Bedrooms: 3
Bathrooms: 2
Basement (full, 1/2, finished, unfinished):

Filed Under: NH Bank Owned, North Conway Foreclosures, North Conway NH bank owned, North Conway NH foreclosed real estate, North Conway NH real estate Tagged With: North Conway NH, North Conway NH bank owned real estate, North Conway NH condos, North Conway NH foreclosures, North Conway NH real estate, North Conway slopeside condo

Bank Owned Conway NH home – 384 Eaton Road – Sold Sept. 30 2011

August 15, 2011 By Bill Barbin Leave a Comment

This foreclosed home on 1.9 acres just outside of Conway Village in the White Mountains of NH NEEDS WORK! This NH foreclosure property is an older home (1930s) with plenty of deferred maintenance issues.

Sold Sept. 30 2011!

However, it is a short drive to Crystal Lake in Eaton NH, Conway Lake, Dolloff Pond, The Saco River, Cranmore Mountain Resort and Fitness Center, King Pine Ski Area and all of the other things that make the Mt. Washington Valley a great place to call home or your vacation destination.


Listing Price: 64900
Address: 384 Eaton Rd.
City: Conway
State: NH
ZIP: 03818
MLS # (if any): 4085791
Square Feet: 1425
Bedrooms: 3
Bathrooms: 1
Basement (full, 1/2, finished, unfinished): partial-unfinished

Filed Under: Featured Posts, My Listings, North Conway Foreclosures, North Conway NH real estate Tagged With: North Conway NH bank owned real estate, North Conway NH condos, North Conway NH foreclosures, North Conway NH real estate for sale, North Conway real estate, Tamworth NH foreclosure

176 Echo Acres Bank Owned North Conway NH Home

June 27, 2011 By Bill Barbin Leave a Comment

North Conway NH Real Estate – Bank Owned property

$227,900!! I have the file and offers are coming in on this North Conway NH foreclosed home. call me fast to get in on this foreclosure opportunity with a huge view! This is what you search for in North Conway NH real estate for sale.

We're sorry, but we couldn't find MLS # 4090071 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

3 Bedroom 1.5 bath home with garage and outstanding views!


Listing Price: 227900
Address: 176 Echo Acres Rd.
City: North Conway
State: NH
ZIP: 03860
MLS # (if any): 4090071
Square Feet: 1733
Bedrooms: 3
Bathrooms: 1.5
Basement (full, 1/2, finished, unfinished): full unfinished

Filed Under: Bank Owned, Featured Posts, Featured Property, My Listings, NH Bank Owned, North Conway Foreclosures, North Conway NH real estate Tagged With: North Conway NH, North Conway NH bank owned real estate, North Conway NH foreclosures, North Conway NH homes for sale, North Conway real estate

Sneak Preview – Bank Owned Cranmore Condo North Conway NH

June 27, 2011 By Bill Barbin Leave a Comment

Bank owned North Conway NH real estate condo

Soon to be listed!

Be the first to know!

This 4 bedroom 3 bath Cranmore Birches Condo will be available soon! I have the completed foreclosure file and I am just waiting for the bank to set the price!

Very Good condition!


Listing Price: 
Address: Vista View Lane
City: North Conway
State: NH
ZIP: 03860
MLS # (if any): 
Square Feet: 1695
Bedrooms: 4
Bathrooms: 3
Basement (full, 1/2, finished, unfinished): Full finished

Filed Under: Bank Owned, Featured Posts, Featured Property, NH Bank Owned, North Conway Foreclosures, North Conway NH real estate Tagged With: North Conway NH bank owned real estate, North Conway NH condos, North Conway NH foreclosures, North Conway NH real estate for sale

Bank Owned Real Estate in North Conway NH

March 3, 2011 By Bill Barbin Leave a Comment

North Conway NH Foreclosures

Buying foreclosed homes in North Conway NH appeals to many people that invest in NH real estate. At a glance buying low and selling higher is a generally sound investment strategy. The purchase of a property that is bank owned in the North Conway NH area, and sold at a discount of 10-20% off the current market values, accomplishes the “buy low” side of the strategy. The goal is to get to where the property can sell at a higher price and make a profit. The condition of the property and local market conditions must be considered; North Conway NH real estate is a different market than Boston MA. These are a few suggestions for people interested in North Conway NH bank owned real estate.

The first important decision is whether or not to finance the purchase through a lender. People that can pay cash are at an advantage when making any offer on a bank owned property in North Conway NH. People that need financing can still win a bidding war with a cash buyer. Some buyers think they can borrow more than they can and some potential buyers don’t know that they can borrow enough to buy a home of their own. The first step for a home buyer that needs any kind of financing is to contact a trusted lender. Mortgage brokers offer a variety of loan services. Banks offer more specific loan packages but are also eager to do business with home buyers. If you don’t know who to talk to about financing move on to the next hint.

Buying bank owned real estate in North Conway NH is not a simple process for most people. If you need help make sure you get good quality help. Find a realtor online and check them out on the internet thoroughly. If you get the feeling that you will like them, from their internet presence, they qualify for a phone call. The search isn’t to find a new best friend. Find a North Conway NH area real estate agent you feel you can trust. That person will become the hub for your search and the transaction to purchase the foreclosed real estate. A real estate agent with a strong online presence and the open forum it provides, is demonstrating their effort and dedication to keeping potential buyers and sellers informed and educated. By providing this site and the advanced NH real estate search map, Bill Barbin (603-986-0385) is leading the region in blending new technology with traditional real estate skills.

Working with a local North Conway NH real estate agent and the internet will provide easy access to foreclosure listings in North Conwy NH and surrounding areas. Many internet sites offer lists of foreclosures for a fee. The information is not always perfect. A local NH and Maine real estate agent knows what is for sale and what properties are foreclosures and which aren’t, and the potential investor doesn’t pay a fee. With good information an investor can find a good selection of foreclosed real estate in NH and nearby towns of Maine. Some markets, like North Conway NH real estate, have experienced lower than average foreclosure rates while areas, Fort Myer’s FL, have seen greater than average foreclosed properties.

Once a property has been identified a solid analysis of the property is required to fully assess the financial potential of bank owned real estate. A good building inspector or contractor can help assess the physical condition of the property, which is usually the most clear evidence of the distressed real estate status. Neccessary repairs and cost effective improvements need to be taken into account along with price. If unexpected conditions are discovered the bank that owns the NH property may make adjustments to price. However, keep in mind that the price was discounted when they put the property on the market. The banks are not typically “giving away” their properties but they do sell them well below market value in most cases.

The bottom line is whether or not a specific foreclosed property in North Conway NH and the surrounding area can be purchased, repaired and improved, and then sold for more than the sum of the expenses. The North Conway NH real estate market areas currently have bank owned inventory that does offer these opportunities but it takes a determined buyer to reach the end result. In markets across the country success stories like North Conway real estate are examples of people that have decided to take advantage of bank owned real estate today.

Showing properties 1 - 8 of 8. See more North Conway NH area Foreclosures.
(all data current as of 5/22/2013)

$28,000 : 1925 Route 16, Ossipee

2 beds, 1 full bath

Home size: 1,036 sq ft

Lot size: 27,878 sqft

Year built: 1890

Days on market: 14
$77,500 : 1145 Bearcamp Hwy, Tamworth

2 beds, 1 full bath

Home size: 1,300 sq ft

Lot size: 23,086 sqft

Year built: 1977

Parking spots: 3

Days on market: 15
$140,760 : 26 Old Mill Rd, Ossipee

3 beds, 1 full, 1 part baths

Home size: 1,862 sq ft

Lot size: 1.42 ac

Year built: 1985

Parking spots: 1

Days on market: 46
$156,500 : 100 "E" Street, Conway

4 beds, 2 full baths

Home size: 1,776 sq ft

Lot size: 18,730 sqft

Year built: 2004

Parking spots: 3

Days on market: 66
$125,460 : 65 Grove St, Conway

2 beds, 1 full, 1 part baths

Home size: 878 sq ft

Lot size: 16,988 sqft

Year built: 1920

Days on market: 87
$109,900 : 190 Hillside Ave, Conway

3 beds, 1 full, 2 part baths

Home size: 1,178 sq ft

Lot size: 14,374 sqft

Year built: 1979

Days on market: 105
$154,500 : 31 Alpine Drive, Jackson

2 beds, 1 full bath

Home size: 916 sq ft

Lot size: 32,234 sqft

Year built: 1965

Days on market: 199
$66,300 : 63 Mckeil Pond Road, Bartlett

3 beds, 1 part bath

Home size: 1,464 sq ft

Lot size: 23,522 sqft

Year built: 1950

Days on market: 279

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Contact Bill Barbin to find more bank owned properties: 603-986-0385

Filed Under: Buying a NH home, NH Bank Owned, North Conway Foreclosures, North Conway NH real estate Tagged With: North Conway NH bank owned real estate, North Conway NH foreclosures, North Conway NH real estate for sale

5 reasons why now is the time to buy or sell in NH real estate

February 18, 2011 By Bill Barbin Leave a Comment

The conventional wisdom when selling a home has always been to wait until the ‘Spring Buying Season’. Over the years, that has seemed to make sense and is now accepted as a good strategy for those who want to sell their house and receive the best possible price, especially in a wintery market like North Conway NH real estate. This real estate market has shattered many previously held beliefs. The wisdom of waiting for a spring market is another belief that is about to fall. Here are five reasons why?

While banks are trying to rectify their foreclosure procedures, there is a large supply of discounted properties which has been delayed coming to market in NH. This inventory will be released sometime in the next few months. Foreclosures sell on average at a 41% discount. When released they will be competing with your house for the buyers in the marketplace. If you are looking to sell in 2011, you want to sell before this inventory becomes your competition.

Every year there is an increase of inventory which comes to market as we approach the spring. Here is the number of listings available for sale in 2010 in the US.

* February – 3,531,000
* March – 3,626,000
* April – 4,029,000

We believe there will be an increase in these numbers in 2011 as there is a pent-up selling demand created by the weak market of the last few years. You won’t have to worry about this increasing competition if you sell now.

There is mounting evidence that buyers are coming out earlier this year in the North Conway real estate market. A belief that now is a good time to buy coupled with the increase in interest rates has started the buying season early here in the North Conway area.

Interest rates have spiked up rather dramatically over the last ninety days and are now over 5%. Initially, an increase in rates has a positive effect on the market as it forces buyers off the fence. However, it also eats into a buyer’s purchasing power. As rates increase, the mortgage amount a buyer qualifies for decreases. This will eventually have a negative impact on prices.

If your family goal is to sell your current house and take advantage of the fabulous selection of properties currently available to buy the home of your dreams, DO IT NOW! Prices will continue to soften in most markets. However, if you are buying, COST should be more important than PRICE. Cost can be dramatically impacted by rising mortgage interest rates. Do the math and decide if now is the time to buy your vacation or primary home in North Conway NH.

Filed Under: Buying a NH home, North Conway NH real estate Tagged With: North Conway NH, North Conway NH Commercial real estate, North Conway NH foreclosures, North Conway NH homes for sale, North Conway NH real estate for sale, North Conway real estate