Bank and Lender Transfers Dominate South Hadley's August Property Deeds
Fifteen property deeds were recorded in South Hadley between Aug. 14 and Sept. 12, with recorded sale prices ranging from $35,000 to $300,000 and a median of $98,500; only eight of the 15 transactions had a price recorded. The top sale was 21 Rivercrest Way, Rivercrest Unit 21, which sold for
Fifteen property deeds were recorded in South Hadley between Aug. 14 and Sept. 12, with recorded sale prices ranging from $35,000 to $300,000 and a median of $98,500; only eight of the 15 transactions had a price recorded. The top sale was 21 Rivercrest Way, Rivercrest Unit 21, which sold for $300,000 to Rocket Mortgage LLC and Mortgage Electronic Registration Systems Inc. At least 10 of the 15 recorded deeds involved a bank, credit union or mortgage servicer as either seller or buyer, a pattern consistent with foreclosure and lender-owned property activity rather than conventional owner-to-buyer sales, limiting comparison to a typical residential sales month.
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