Archive for February, 2009
Boston Foreclosure Auction Drew Many Buyers
Massachusetts Foreclosures were up 62 percent in 2008. As a result, some banks are carrying many new properties that are worth much less than they were when they were purchased; banks also have to pay taxes on these properties and are eager to sell them, creating a buyer-friendly market. In order to rid themselves of [...]
82% Increase in Foreclosure Filings in 2008
More than 3 million properties were foreclosed in the U.S. during 2008, according to foreclosurelistings.com, representing an 82% increase over foreclosure listings in 2007, and a 240% increase in the total number of properties foreclosed upon during 2006. Remember for comparison, in Massachusetts, a total of 12,430 foreclosure deeds were recorded in 2008, up from 7,653 [...]