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February 2013 Archives

Single Family Sales Up, Consider Buying a Condo

Massachusetts homes are on the up and up. Single family house prices are rising and inventory is falling. And with home sales up, less homeowners are suffering from underwater mortgages, according to The Warren Group, a real estate consulting firm.

Single family home sales in Massachusetts are at their highest level since 2007.

But while it may become harder to land a sweet single family home, condo prices are not rising as fast. In fact, condominium prices have dropped from last year to this year.

This makes it a great time to buy a condo.

Can You Walk Away From Your Mortgage That Easily?

What happens when your house is worth less than what you owe -- i.e., when your home is underwater? What's your best option?

Is it smart to walk away from your mortgage? Is strategic default the answer?

There's no perfect answer for this question. It's a facts-and-circumstances kind of question. Everyone has different facts and circumstances.

Can people really walk way that easily from their homes?

A Primer on Different Types of Leases

There are many types of leases. Do you know which one you're getting yourself into?

While the majority of leases have standard provisons, there are additional things to look out for among the different types of leases.

The basic type of residential lease is the flat or fixed lease, where rent is fixed at a certain amount for a set period of time. This is the type of residential lease you'll typically see. It can be month-to-month or it can be fixed for a term of months.

Can't Make Your House Payments? 3 Potential Options

The housing market has picked up dramatically, but there are still many distressed homeowners out there.

For those who are having trouble making their mortgage payments, there are multiple options to consider.

Here are three of the most common: