Archive for November, 2009
October Warren Report on Massachusetts Foreclosures
Statistics regarding foreclosures in Massachusetts for the month of October were a mixed bag of news, according to Timothy M. Warren Jr., CEO of The Warren Group. According to the latest report released by the Warren Group, a provider of real estate data in New England, foreclosures in Massachusetts rose nearly 30 percent in October [...]
More Massachusetts Foreclosures for 2010
Looks like the foreclosure mess won’t be going away anytime soon. Just as all the hoopla over the extension of the home buyer tax credit starts to fade, along comes the The Mortgage Bankers Association to bring the market back to reality. One in seven loans is now in foreclosure, up from one in ten [...]
Mansfield Massachusetts Home Foreclosed | Habitat For Humanity Home Foreclosure
MANSFIELD — Richland County Habitat for Humanity recently filed for foreclosure against a woman who has lived in a Habitat home at 72 Greenwood Ave. since 1994. Doris M. Nabors voluntarily agreed to work with Habitat to allow the house to be sold at sheriff’s sale, so the nonprofit can recover the less than $10,000 [...]
Local Foreclosure Auctions Coming Up for Connecticut, New Hampshire and New York
Discounted foreclosures crowding the housing market continue to drive down home prices and entice buyers off the sidelines. According to the National Association of Realtors (NAR), distressed property sales, including foreclosures and short sales, accounted for 30% of home sales in the third quarter of 2009. America’s leading real estate-owned (REO) auction firm, Hudson & [...]
Boston Works To Keep Renters in Foreclosed Homes
The Boston Redevelopment Authority and the Department of Neighborhood Development are working together to keep tenants in foreclosed homes throughout Allston-Brighton. The BRA has used funds earned through its leased properties around the city to purchase five foreclosed homes from the Bank of America as a way to revitalize neighborhoods and limit the impact of [...]
Newton Massachusetts Family Fights Foreclosure (video)
A Newton, Massachusetts mother is hoping the kindness of friends and strangers can help her keep her family home. When Elinor Beatrice met her husband Jeff 20 years ago, they each had children from previous marriages, but they would spend the coming years expanding their family even more. They raised 11 kids in the same [...]
Bus tour highlights effects of foreclosures in Brockton Massachusetts
People here say they feel helpless and trapped. There have been more than 1500 foreclosures here in the past five years – some of it questionable lending practices – and there was anger tonight against banks. Most people are looking to find a way out. The bus says “All Occasions” and this one is a [...]
Banks, collection firms pursue claims after homes foreclosed
Hank Lane figured that when he lost his Groton home to foreclosure in 2008, at least his long-running financial nightmare had come to an end. He was wrong. The $550,000 that Lane’s home fetched at auction covered most of his $650,000 first mortgage, but none of his $200,000 second mortgage – and the second lender [...]