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TTK, April, 2007: Exit Strategies Panel

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Print Welcome! Special Tips for Massachusetts Real Estate Investors

Jeremy B. Shapiro and Sheila Farragher-Gemma

Talk to any anyone buying or selling a home in Massachusetts, and the conversation is bound to turn to a topic causing consternation everywhere: Title V, the state regulation concerning septic systems and waster water. Our research also uncovered another issue that's recently become hot - mold. In this issue our experts tell you how not to get into trouble with the state when buying or selling properties that need septic system upgrades or mold remediation.

Do you know how to tell if your septic system is on its last legs and thus won't pass inspection when you go to sell? In his article, "Septic Systems - The Good, The Bad, and The Smelly," David Presby, CEO of Presby Environmental, Inc., explains why Title V is good for the environment (it protects our groundwater from E. coli contamination) while also offering tips on how you can ensure your septic system runs trouble free for years.

Did you know you could contaminate yourself and your family when you attempt to clean up mold on your own? You can also run into serious problems when you let an unscrupulous home inspector talk you into hiring him to do a clean up "on the cheap." In his article, "Don't Try This at Home - Leave Mold to the Pros!" certified mold inspector Brian McDonough talks about why your typical home inspector probably isn't trained to properly test for and treat mold.

Mold has become a real issue in our current market with buyers now using mold as leverage to knock down the selling price of a contaminated property. In this month's Interview with an Expert, mold remediation specialist Steve Goselin talks about why mold is a potential problem for anyone buying or selling a property - and what you can do to ensure you stay on the right side of the law and prevent future law suits.

This Article is an excerpt from the 16 Page Print Edition!

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In this month's Mortgage Minute, Debbie Siegel explains why the selling pitch "no closing costs" is most likely too good to be true. Someone has to pay those costs, and that someone is you - in the form of higher interest rates. Read her article to learn the most important question to ask when dealing with "no closing costs" loans.

Best regards,


Jeremy Shapiro   Sheila Farragher-Gemma
Jeremy B. Shapiro Sheila Farragher-Gemma
Co-Founders, ForeclosuresMass.com

  November 2007 Dealing with Septic Systems »

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