Archive for March, 2009
$9 Million Available to Foreclosed Home Buyers in Massachusetts
The Massachusetts Department of Housing and Community Development has unveiled plans to provide up to as $40,000 in cash toward improvements on a newly purchased foreclosed property in Massachusetts. Purchases of homes must be made between April 2009 and September 2010. More than $9 million has been set aside to encourage low- and moderate-income buyers [...]
Boston Foreclosures Making Living in the City Affordable?
The Boston Herald reported that the current financial slowdown has created opportunities for buyers that could not afford to buy in Boston proper. According to MLS, there are 93 single-family homes for sale in Boston at $250,000 and under! Of course, these homes are listed in Beacon Hill or the Back Bay, but many of these homes [...]
MA Foreclosure Rates Lower Than National Average
Andrew Sullivan comments on a New York Times article on late 2008 foreclosure rates. Catherine Rampell summarizes a study on Q4 2008 foreclosures by state: A new study takes issue with the media narrative that foreclosures are dangerously widespread. The paper’s authors, William Lucy and Jeff Herlitz at the University of Virginia, examined foreclosure rates in every state, 35 [...]
Boston Foreclosure Auction scheduled for Saturday March 7, 2009.
More than 400 foreclosed homes in Massachusetts and New Hampshire will be auctioned at 9:30 a.m. Saturday by REDC/USHomeAuction.com at the Westin Boston Waterfront hotel. There will be an auction simulcast at the Quality Inn and Wayfarer Convention Center, in Bedford, N.H. The public may see all the homes in the auction and pre-register online [...]