Archive for September, 2009
North Shore Music Theatre Foreclosure Auction – October 2, 2009
BEVERLY — The high bidder for the North Shore Music Theatre could be anyone from an artistic company intent on reviving the theater to a bank looking to recoup its money, according to people interested in the property’s future.
The theater’s fate will be determined Thursday, when a foreclosure auction is scheduled for 1 p.m. on [...]
Massachusetts Foreclosure and Subprime Mortgage Crisis
BOSTON — Where were Massachusetts banking regulators as the subprime mortgage crisis exploded all around them? An investigation by the New England Center for Investigative Reporting found Massachusetts lags far behind other New England states in the number of serious disciplinary actions against mortgage brokers.
Jaime Alvarez has the face of a trusting man. The 57-year-old [...]
Massachusetts Foreclosure Data and Michigan Foreclosure Data | Massachusetts Foreclosure Charts and Michigan Foreclosure Charts
Real estate research firm Lender Processing Services has released an interesting look at the impact of foreclosure sales on home prices on a state-by-state basis. “REO sales account for as much as 60 percent of housing activity in some states,” Nima Nattagh, Ph.D., of LPS Applied Analytics, said in a press release. “Our study contains [...]
Harvard MBA Students Support Fight Against Massachusetts Foreclosure
The Homeownership Preservation Foundation (HPF) today announced that it was teaming up with students at Harvard Business School (HBS) to support the Foundation’s mission of preventing foreclosure and preserving homeownership. Beginning in the fall semester, students of the class of 2010 will work alongside the Homeownership Preservation Foundation in several independent field studies aimed at [...]
Massachusetts Foreclosures Invalid?
Richard D. Vetstein, today, he explains a legal case regarding foreclosure:
In late March of this year in the case of U.S. Bank v. Ibanez, Massachusetts Land Court Judge Keith C. Long issued one of the most controversial rulings in recent years which has called into question hundreds if not thousands of foreclosure titles across Massachusetts.
The [...]
Great Map of Boston and Massachusetts Foreclosure Trends
There’s a lot of confusion out there about the foreclosure crisis.
I remember editors at one paper I worked for seeking in vain a suburban counterpart of battered, boarded up and foreclosed Hendry Street in Dorchester.
Anyway, I am sure there was a lot of salivating over potential headlines, Wellesley’s Foreclosure Alley and things of that sort.
Of [...]