The Massachusetts Homestead Act: Protecting Your Boston Home Equity

Do You Need to File a Homestead Declaration in Massachusetts? In Massachusetts, every owner-occupied primary residence automatically receives $125,000 in homestead protection with no filing required. To protect up to $1,000,000 of your home's equity from creditors and lawsuits, you file a written De

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New Condo Financing Rules Every Boston Buyer Should Know

New Condo Financing Rules Every Boston Buyer Should Know Will New Fannie Mae and Freddie Mac Condo Rules Affect Your Boston Purchase? Starting August 3, 2026, Fannie Mae and Freddie Mac are retiring the streamlined "Limited Review" process for condo loans — meaning every conventional condo purchase,

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What Happens If the Appraisal Comes In Low in Massachusetts? Your Options When the Numbers Don't Add Up

If a home appraises below the agreed purchase price in Massachusetts, your lender will only finance up to the appraised value, not what you offered to pay.  That leaves you with four options: cover the gap out of pocket, ask the seller to reduce the price, negotiate a compromise, or walk away if you

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