Cathy Manchester

Adorable 2 bedroom, 2 bath Cape offers incredible privacy nestled on 5+ acre wooded lot! Cathedral ceilings in almost every room, exposed beams & skylights create a cozy enjoyable atmosphere. This sundrenched home’s features include master suite with walk-in closet, first floor bedroom, hardwood flooring, eat-in spacious kitchen, pantry, tiled mudroom, spacious tri-level deck to enjoy relaxing alone or in the presence of company, 2 car garage & wood stove in the daylight basement!

The basement includes a partially finished room and offers the ability to finish additional space!

For additional pictures and more information, click the following link:

http://www.mainerealestatesearch.com/homes/978-Folly-Road/19453650

This Stunning and sundrenched unique open-concept contemporary loft awaits! Gorgeous exposed beams and beautifully finished concrete flooring! Features include 2 bedrooms with permanent walls and built-in closets, 12’ ceilings, ceiling fans, locked storage unit in the basement (10’x10’), 2 deeded reserved parking spaces, laundry hook-up w/ washer & dryer included, pets okay, secured building, community room & more! Close to the beach, public transportation, & necessities!

Enjoy gardening in the community garden or join one of the condo committees! There is ramped access to the first floor of the building at the main entrance as well as the option for stairs or the elevator to the third floor.

Historically, this building was built in the 1900’s and was home to Sears-Roebuck Shoe Factory, then later the High Shoe Co., Trail Moc Shoe Co., Saxe Glassman Shoe Corp., and Lunder Shoe Products Co. The shoe factory building played a great role in providing many jobs to local citizens and helping to build the Saco community. The building was completely re-done in 2004 with major renovations and is now the home to many 18 Park Street residents.

http://www.mainerealestatesearch.com/homes/18-Park-Street-302/19867993

Windham home with handicapped accessible accessory apartment available for sale in Cumberland County, Maine on Riverside Ridge Road. This immaculate, sun-drenched energy efficient Ranch home offers many amenities and may be purchased with no money down through Rural Development! Features include an open concept floor plan, gorgeous hardwood and tile floors, finished daylight basement with a walk-in cedar closet, gigantic brick wood burning fireplace in living room with built-in shelving.

If you’re looking for a Windham home with handicapped accessible accessory apartment you must see this home! The fourth bedroom includes a built in desk and cabinets which makes for a great office space. An additional gas heating stove with its own brick chimney creates a cozy atmosphere in the family room. This Windham home with handicapped accessible accessory apartment also features built in air conditioners, Guardian automatic propane generator system, heated 2 car garage, and whirlpool jet tub in the bathroom as well as double sinks. Beautiful handicapped accessible accessory apartment added in 2000 offers separate entrance, separate heating, separate driveway, and has a handicapped accessible bathroom with a walk-in shower (would make a fabulous master suite also!).

In this Windham home with handicapped accessible accessory apartment, enjoy and relax in a private park-like setting complete with irrigation system, raised beds for garden, mature landscaping, many birds visiting, top-of-the-line Gibraltar above ground fenced pool with low maintenance Eco Friendly System (the water filters through copper plating drastically minimizing the amount of chemicals necessary to maintain water healthy for swimming), electric awning over the spacious brick patio, Outbuilding for pool house or workshop, and more! This Windham home with handicapped accessible accessory apartment is very private, yet convenient to Windham Center! Maine home with handicapped accessible accessory apartment.

For more information or to view this Windham Home with Handicapped Accessible Apartment, contact Cathy Manchester of Keller Williams Realty at 207-653-7653.

There are many historical homes in Maine that continue to hold their original beauty and are a joy to live in. Renovated historical homes give the chance to live in the present, but also to appreciate architectural history. Many home owners of historical homes in Maine have invested a great deal of time and energy into restoring their home while maintaining the true character. Some of these amazing homes are for sale.

Although located all over the state, there is an incredible example of a historical home in Maine on Intervale Road in New Gloucester, Cumberland County. The Rev. Elisha Moseley House is a gorgeous and classic Federal style home built in circa 1803 and rests on 1.5+ acres! Registered in the National Register of Historical Places as one of the historical homes in Maine, it continues to hold its true character and has interesting history. Rev. Elisha Moseley was a minister of the local parish from 1802-1826. One of the rooms didn’t have any windows and history tells that it was used as a brewery. The brewery was famous for producing quality beer that attracted many.

Renovations of the 4 bedroom, 2 bathroom Rev. Elisha Moseley home include stunning refinished pumpkin pine floors and staircase banisters, restored fireplaces, rewired electrical systems, updated roofing and windows, fresh paint, new appliances, a 3 car garage and much more. Of the many historical homes in Maine, this is just one example of a home that has been restored beautifully.

Maintained historical homes in Maine date back to being built as early as the 1700’s although there are many more that have been restored dating back to the 1800’s. For more information the Rev. Elisha Moseley House in Intervale Road in New Gloucester, Maine or other historical homes in Maine for sale, please contact The Cathy Manchester Team of Keller Williams Realty by either visiting www.cathymanchester.com or calling 207-653-7653.

WHAT IS A SHORT SALE?

A short sale occurs when a home’s sale value is less than the outstanding mortgage debt plus the cost of the sale AND the bank holding the note agrees to write off a portion of the outstanding loan debt in order to consummate the sale.

Lenders will entertain a short sale if they believe they will receive a higher percentage of their principal back compared to forcing the property into foreclosure. Foreclosure from a banks perspective runs the risk of property damage or neglect, additional delays and costs and the possibility of the owner filing bankruptcy. Reports indicate a foreclosure may cost a bank $50,000 - $60,000. From a business standpoint, it makes sense for the bank to allow approval of a short sale.

In order to obtain short sale to be approval the realtor must prove:

· Financial hardship of the owner substantiating why they cannot stay current with their mortgage.

· A ready, able and willing buyer who has entered into a valid purchase and sale agreement and can show proof of availability of funds. Banks will not allow a purchase and sale that is contingent upon the buyer’s current property being sold.

· The sales price is at or close to fair market value based on the recent sales of other homes in the area and the current real estate market conditions.

Banks are not in the business of giving away homes at rock bottom prices. The bank wants to receive close to market value. Lenders are not in business to own homes, but that does not mean they make the approval of a short sale an easy or fast alternative. Lenders are not properly staffed to handle the number of short sale requests.

If the buyers have little patience, a short sale purchase is not for them as the sale can realistically take up to 9 months to complete. If the buyer decides to cancel, then the transaction starts over which can happen several times.

A TYPICAL PROCESS

Bank acknowledges receipt of the file. Up to 30 days

A negotiator is assigned Up to 60 days

A BPO is ordered Up to 30 days

A second negotiator is assigned Up to 30 days

The file is sent to review Up to 90 days

The bank requests all parties sign an arm’s length affidavit

The bank issues a short sale approval letter or renegotiates the price.

Each bank is different regarding short sale processing time and the only constant is change. Buyers don’t usually get a fabulous deal when they purchase a short sale as the bank is likely to approve only sales prices that are close to market value. The buyers benefit is that they get the home they wanted….sometimes after a long wait.

For more information regarding short sales contact Cathy Manchester of The Cathy Manchester Team at 653-7653.