HOT GROVE QUINCY, MA 02169

Features

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Facts

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Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

This property is lender owned and is presently occupied. This property cannot be accessed and viewed by prospective buyers and all bids must be made accordingly. The property benefited from a variance allowing for the construction of a single family property on a 9100 square-foot portion of the lot behind the existing building. This variance is recorded at the Norfolk County Registry of Deeds in book 40533 page 103 and the rights granted under said variance have lapsed. The lender is presently submitting a request for reissuance of the variance. The separate lot created by the lapsed variance cannot be sold separately until and unless the variance is reissued. The lender is seeking highest and best offers to be reviewed on and before October 4, 2022. The lender will review offers for the entirety of the property or for the rear lot portion, or the front house portion, the latter of which offer shall be subject to reissuance of the variance.

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