Archive for April, 2009
Boston Foreclosure Crisis Changes Housing Market
NECN published a story on Massachusetts Foreclosures recently. The video is embedded below. If you’re selling or buying a home, chances are you’ve noticed a change. In Massachusetts, that change is big. Esmerelda Thornton is a homeowner counselor at the Neighborworks center of Worcester. Her job is to help people facing foreclosure and first-time homeowners [...]
Don’t Be a Foreclosure Scam Victim
It is bad enough to be the target of a foreclosure from a legitimate lender. How much worse to be the target of a scam seeking to steal what little you have while posing as your rescuer. So be warned: Foreclosure rescue scams are on the rise, taking thousands of dollars from desperate mortgage [...]
Massachusetts Foreclosures Decline 4% in February 2009
Massachusetts Foreclosures declined, according to the the Warren Group, using the latest full month of data available. They report that 823 foreclosure deeds were filed in Massachusetts in February 2009. According to the Warren Group, 860 foreclosure deeds were filed in Massachusetts in February 2008. Year over year, this represents a 4.3% decline in the [...]
Buying a Foreclosure is Possible in a Down Housing Market
Jay Hummer, executive vice president of Re/Max of New England in Natick, wrote a really great article on buying a home in today’s economy. I’ve reproduced it in its entirety here, because I think its very interesting. While there is no overnight fix for the residential housing market, there are encouraging signs that the second [...]
Boston Beacon Hill Foreclosure | Foreclosure For Sale in Beacon Hill Boston
It’s rare that a foreclosure becomes available in Beacon Hill. There are many foreclosures in Boston but it’s highly unusual to see a foreclosure in such an affluent neighborhood. According to Charlesgate Realty’s listing, a developer ran out of money while gut renovating this single family townhome in Beacon Hill. This is a 3 level building [...]
Home Price Index Declines, But Only Barely in Massachusetts
Kelly Curran writing for HousingWire discusses the Home Price Index. The gap between REO sales prices and the rest of the market is growing at an accelerating pace, according to a recent study by Lender Processing Services, Inc. In general, markets that experienced sharp drops in home prices in 2008 also saw deeper REO discounts, [...]
$4.3 Million Head to Brockton for Massachusetts Foreclosure Repair
Brockton officials have always known that one of the worst things that can happen to a city is to have it populated by abandoned buildings. They not only drag down property values, but become havens for drug dealers and homeless people and eat away at the fabric of a city. The solution is always the [...]