Revere Massachusetts Foreclosure Report June 2011

According to Realty Trac, Inc. There were 15 foreclosure filings in Revere Massachusetts in June of 2011. That works out to be 1 in every 1,401 homes and represents a 50% increase over May 2011. While this may be better than the national average, a 50% increase is very alarming. The increasing number of foreclosure filings are further evidence that the housing crisis is not over. From my understanding the Banks and The Department of Housing and Urban Development have all agreed that 2011 will be the year they push through with most of the pending foreclosures that have been held up due to title issues, faulty assignments and moratoriums. Many economists believe that the best way to deal with this problem is to get through it as quickly as possible. Sellers who are facing foreclosure have two primary options. If they desire to save their homes they can apply for a loan modification. A loan modification is basically the restructuring of the home owners mortgage debt. This usually involves assessing how much the home owner can afford to pay based on their income and adjusting the payment schedule accordingly. If a home owner does not qualify for a loan modification, a second option is a short sale. A short sale enables a home owner to sell their home based on the market value instead of the loan amount. Once the bank has agreed to the sales price, the seller will be able to sell the home and move on with their lives. In most instances the bank will also forgive the debt that is not covered by the short sale amount. But above all a short sale enables a home owner to avoid foreclosure and stave off the negative impact a foreclosure will have on ones credit. For more information on your options in Revere Massachusetts visit www.FYourLender.com

Bootcamp in Revere

Millions of Muscles

I just wanted to let everyone know that there is a great trainer in Revere named Jodi Reath. As a dedicated M.O.M. and fitness trainer she has helped many people in the community reach their fitness goals. The bootcamp involves plyometric resistance, endurance and flexibility training for all levels.

I know we are nowhere near New Years but it is always a great idea to be thinking about your fitness resolution.

SOON TO COME THE BEST FITNESS CAMP TO HIT THE GREATER BOSTON AREA.... STAY TUNED

FOR MORE INFORMATION EMAIL millionsofmuscles@gmail.com.

Best,

Sean Mallett

Boston Brokerage Group

North Shore Commercial Property

Investor Alert !! 6 Units Real Cash Flow

119 Atlantic Avenue, Revere, MA 02151 (MLS # 71060408)

(all data current as of 8/5/2010)

Price Beds Baths Home size Lot Size Days on Market

Solid Six unit Building, Fully Occupied, Heating systems are newer, seperate Gas Systems, and Hot Water tanks are also gas and young. Very Convenient to Beachmont Train Station, and one block from Revere Beach! (some water views) Modern Kitchen and Bathrooms, Hardwood Floors, Newer Replacement Windows, Coin Op laundry and storage in Basement. This is the best priced Six unit on the market, Bring your Buyers.

Property Type(s): Multi-Family North Shore Commercial Property

Last Updated Tract Year Built Community Garage Spaces County Total Parking

Annual Expenses for Fiscal Year Ending 12/10

Waterfront condo's on Revere Beach will be affected by the casino bill in Massachusetts. Will the state pass the gambling bill? Look at this article from Boston.com by Noah Bierman, Globe Staff, it talks about the current situation.

This article and how the situation is resolved will greatly affect prices on waterfront condo's on Revere Beach now and in the future.

http://www.boston.com/news/local/breaking_news/2010/07/with_time_runni.html