Help from Massachusetts Investors, How do I find out which homes were bought in cash?

[Ronald H.]

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:

[Steve Babiak]

When a house is purchased with financing in a mortgage state, there are at least two things that are recorded with the county: the deed that shows the change in ownership, and the loan (actually a lien that goes with the loan) and who provided that financing.

If it has no financing - as in all cash - then one of those earlier items (lien from the loan) will not be needed and so it will not be found when you examine the public records.