Help from Massachusetts Investors, How do I find out which homes were bought in cash?
I live in the Saugus, Massachusetts area and I am really starting to get a great feel for home prices. I have a database of Sold Properties started and it has 230 properties in it.
My two questions are:
1. How can I find out which Homes were bought with Cash?
2. I know a Realtor may have this information but in Massachusetts is there another way?
If I knew this information, this would help me even more than just having a database of Sold Properties.
Your help is greatly appreciated :mrgreen:
Some very good answers here. To expand on what has been said already and to add something new:
1. Google the county name in which the town is location + " registry of deeds". For Saugus, Ma these
are relevant:
Plymouth County http://titleview.org/plymouthdeeds/
Norfolk County http://www.norfolkresearch.org
Suffolk County http://www.masslandrecords.com/suffolk/
2. If you have access to PACER you can check Bankruptcy courts (Chapter 9 & 11) for "Notice of intent to sell" documents. Trustees handling bankruptcy sales - usually lawyers - are required to file these documents to notify the public that a specific party has submitted a bid for x amount for the assets. The documents also contain auction dates/times where investors can show up to counter-bid. Investors usually have to bring a 5-10k cashiers check with cash balance usually due 20-30 days later. If you don't have access to PACER these can also be found by Googling your state + "Notices of Sale". Here are the ones for Massachusetts and Rhode Island:
https://ecf.mab.uscourts.gov/cgi-bin/nos.pl
http://www.rib.uscourts.gov/reports/ntcsale.htm
Or you can simply scour newspapers for auction dates - https://www.masspublicnotices.org/
Good luck!