Archive for July, 2009
Massachusetts Foreclosures Affect School Districts
With foreclosures in Massachusetts hitting in some of the neighborhoods with the worst schools, it’s apparent that some fo the concerns expressed in the video below, will be hitting home soon. Foreclosures have blighted areas like Boston, and Dorchester and due to the ongoing financial slump, many families have been forced to move and relocate. [...]
Tips for Buying a Real-Estate Owned Property in Massachusetts
Here are some tips for buyers interested in purchasing REOs: Find a specialist. Check newspaper and online ads to see which agents handle REOs. Typically, banks have just a handful of brokers handling all of their local foreclosure sales. Get loan pre-approval. The really good deals on REOs go quickly, and the buyer doesn’t necessarily [...]
Massachusetts Foreclosures Decline 59% in May
Foreclosure deeds filed in Massachusetts in May dropped 58.6 percent from the previous year, although foreclosure petitions — the first step in commencing foreclosure proceedings — rose sharply, according to The Warren Group. Deeds filed in May were also 24.3 percent below April’s count and, year-to-date, were 26.3 percent below the first five months of [...]