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Foreclosure Rate Going Up Again In Bay State

By Joe Theriault | Nov 1, 2016 | 1 Comment

The lingering effects of the Great Recession, and the fact that many homes are still underwater, are driving the foreclosure rate in Massachusetts back up. Some observers contend that the continued rise really is a backlog of cases. Three times in the last ten years, Massachusetts lawmakers enacted foreclosure relief measures, such as giving homeowners…

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Home Sales Dip in Massachusetts

By Joe Theriault | Oct 6, 2016 | 0 Comments

Massachusetts Home Sales are Down For the first time in 14 months, fewer inherited homes are being sold in the Bay State. According to the Massachusetts Association of Realtors, there were 5,799 residential closings in July, which is 14 percent below the July 2015 mark. At the same time, average prices for single-family homes edged…

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Prince’s Estate: Minnesota Judge Removes Most Would-Be Heirs

By Joe Theriault | Sep 28, 2016 | 0 Comments

Update: Prince’s Estate in Probate The dreams of fame and fortune turned out to be short lived for 29 people who claimed to have a lawful share of Prince Nelson’s legacy. Carver County District Judge Kevin Eide disallowed the claims of eleven reputed siblings, five alleged children, and thirteen purported cousins/nieces/nephews. At the same time,…

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Is a Cash Sale Right For Your Inherited Property?

By Joe Theriault | Sep 14, 2016 | 1 Comment

When most people buy cars, they start by doing research on the vehicles available and weighing their options as far as price and financing are concerned; they do not rush to their local Ford or Toyota dealer without first thinking through the process, because the salespeople at these dealerships are only interested in selling the…

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Emotional Issues in Selling Inherited Property

By Joe Theriault | Sep 3, 2016 | 0 Comments

Nearly all residential real estate transactions involve both a financial and an emotional component. For example, a motivated seller might take less money and a needy buyer might be willing to pay a little extra. But where inherited real property is concerned, the emotional factors are often much more prevalent. Strong emotional attachments are the…

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More People Putting Off Wills and Trusts, Hurting Heirs of Inherited Property

By Joe Theriault | Aug 24, 2016 | 1 Comment

The latest numbers are in, and they are not good for potential heirs in Massachusetts. According to a June 2016 Google Consumer Survey, less than 29 percent of Americans have up-to-date wills. The rest either have no will at all (63 percent) or have one that is so outdated that it is basically useless (9…

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Sellers’ Market in New Hampshire

By Joe Theriault | Aug 9, 2016 | 0 Comments

Largely thanks to a low inventory, sales are so brisk in the Dover/Rochester/Somersworth Tri-City region that many homes are closing at above-asking price. In fact, because sales are up 36 percent from last year, the fastest growing real estate market in the country is in Strafford County. That’s almost 50 percent greater than the next-highest…

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Unfortunate Inherited Property Fates Are Often Avoidable

By Joe Theriault | Jul 27, 2016 | 0 Comments

I want to write on a topic that can be divisive and emotional. Over years of experience in the real estate and rehabbing fields, I have seen this scenario play out more than a few times: when a property has fallen into disrepair and the owner dies, the home can end up becoming a burden…

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Protect Your Vacant Inherited Property from Burglary

By Joe Theriault | Jul 26, 2016 | 0 Comments

According to SafeguardTheWorld, homes without security systems are 300% more likely to be broken into, burglarized or vandalized. This number increases tenfold when there is a vacant home with obvious signs of no one living there. Some of those signs include overgrown grass and shrubbery (ill-maintained lawn), snowed-in driveways and walkways and an abundance of…

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Your Local Probate Attorney: Helping Hands in a Trying Time

By Joe Theriault | Jul 20, 2016 | 0 Comments

Carrying out the duties as an estate executor is probably one of the most thankless and time-consuming jobs. Many administrators agree to take on this burden out of loyalty to the deceased, and they may receive little or no compensation, other than what is provided for in the will, assuming that one exists. On top…

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