GNAR News 4/20/2011

CARAVAN

 To view the tour in mapquest visit:  http://mapq.st/fYOT3x

72R Federal Street, Newburyport – 6/2/1.5 – $235,000, Corner of Federal & Prospect
Sonja Shine, Stone Ridge Properties, 978-609-1534

57 Federal #2, Newburyport – 7/3/2 – $399,000
Priscilla Ragonese, Keller Williams, 978-430-7914

8 Fair Street, Newburyport – 8/4/2.5 – $479,000, High to Fruit to Fair
Priscilla Ragonese, Keller Williams, 978-430-7914

24 Jefferson Street, Newburyport – 9/3/2.5 – $595,000, corner of Jefferson and Merrimac
Sandy Berkenbush, Stone Ridge Properties, 978-815-4751

 376 High St., Newburyport – 6/3/2 – $525,000, corner of High & Upland Street
Sonja Shine, Stone Ridge Properties, 978-609-1534

6 Gove Drive, Newburyport – 9/4/3.5 – $719,000,Lucey Drive and Gove Drive off Moseley Avenue (PortVillage)
Tom Tormey, RE/MAX on the River, 978-689-5759

 3 Rocky Hill Road, Amesbury –  9/4/2 – $489,900, Main St (PointShore) to Rocky Hill
Sean Perkins, Stone Ridge Properties, 508-846-5412

33 Whittier Street Amesbury –9/5/1.5, –  $499,000, corner of Locust and Whittier
Sandy Berkenbush, Stone Ridge Properties, 978-815-4751

2 Elizabeth St, Amesbury – 8/4/2.5 –  $389,900, Lion’s Mouth Road to Elizabeth
John Robertson, Keller Williams,  978-828-3222 

12 Acadia Rd, Amesbury –  7/3/2 – $218,888, Rt 110 to Kimball Rd, to Acadia
Ann Marie Salmon, RE/MAX on the River, 978-852-7481

7 Bisson Ave, Merrimac –  5/2/1 – $298,500, on Lake Attitash- Rte 110 to Attitash St, when near the lake, go left around the parking lot, Bisson runs along the water-waterfront
Nancy Purcell, Stone Ridge Properties, 978-502-6441

43 West Shore Rd, Merrimac – 9/5/3 – $485,000, Rte 110 to Bear Hill Rd., right onto West Shore, right at bottom of hill. 
Sonja Shine, Stone Ridge Properties, 978-609-1534

8 So. Pleasant St, Merrimac – 6/3/1 1/2 – $239,900, corner of Broad & So. Pleasant
Sonja Shine, Stone Ridge Properties, 978-609-1534

 55 Hanover Street, Newbury — 5/2/3 — $799,000, Rte 1 to Hanover
Linda Collins, Port Properties, 978-290-1413

From the Newburyport Chamber of Commerce . . . .
You are cordially invited to join Congressman John F. Tierney and Mayor Donna Holaday as they tour Newburyport’s small business community to discuss local and national issues facing our businesses. This “Main Street Tour” will begin at 1:00 PM and follow the route below. 

The route will begin and end at City Hall and proceed down the following streets:
City Hall, down Pleasant Street to State Street, to Market Square, up Inn Street, and back to City Hall.

Also, from the Chamber —Please mark your calendars for a meeting regarding the implementation of the new downtown parking program. All are invited to attend the informational meeting on Tuesday, April 26th at 5:30PM at City Hall in the auditorium.

 

REALTOR® Magazine-Daily News-NAR Applauds Short Sales Bill.
Daily Real Estate News  |  April 13, 2011  |  
A new bill to improve the process for approving short sales may soon bring relief to distressed home owners who are unable to keep their homes and hope to avoid foreclosure. The bill, introduced in the U.S. House yesterday and strongly supported by the NATIONAL ASSOCIATION OF REALTORS would impose a deadline of 45 days on lenders to respond to short sale requests.

The legislation, the “Prompt Decision for Qualification for Short Sale Act of 2011,” was offered in Congress by U.S. Reps. Tom Rooney (R-Fla.) and Robert Andrews (D-N.J.). “The current short sale process can be time-consuming and inefficient, and many would-be buyers end up walking away from a sale that could have saved a home owner from foreclosure,” said NAR President Ron Phipps.

“REALTORS® and consumers continue to raise issues about delays in the short sale process, because lenders are unable to decide whether to approve a short sale. After many months of delays, and with no response from lenders, potential buyers are losing patience and cancelling their contracts, often resulting in the property entering foreclosure. A short sale minimizes the negative impact on sellers and generally costs the lender less than a foreclosure,” said Phipps.

NAR has been actively pushing the lending industry to improve the process for approving short sales, which represent about 13 percent of recent home sales according to NAR data. Phipps praised Reps. Rooney and Andrews for their efforts on the bill and urged Congress to pass the bill quickly.

As the leading advocate for home ownership and housing issues,
REALTORS® want to help more home owners avoid foreclosure by facilitating a short sale when a family is absolutely unable to keep their home; however, that can only happen if lenders and servicers approve short sale offers in a reasonable amount of time,” said Phipps. “Streamlining short sales transactions will reduce the amount of time it takes to sell the property, improve the likelihood that the transaction will close and reduce the overall number of foreclosures. This benefits sellers, lenders, buyers, and the entire community.”

For more information on short sales click here:  The Basics: Short Sales

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