Archive for March, 2010
Fenway Area Condos Headed for Foreclosure Auction
The bulk of a condominium complex in Boston’s Fenway neighborhood is headed for the auction block. An April 28 foreclosure sale has been set for Audubon Park because its owner – 16 Miner Street LLC, which is headed by developer Robert Fox – defaulted on a construction mortgage. Built in 2007, the 53-unit condo development [...]
Massachusetts Foreclosure Auction Today! Renaissance Boston Waterfront Hotel
March 27, 2010 — $1M Foreclosed Weston MA House Among 60+ Foreclosures to be Auctioned Saturday 9:30 AM at Renaissance Boston Waterfront Hotel by REDC Irvine, Calif. — A $1M foreclosed Weston, Mass. house is among 60+ foreclosures that will be auctioned Saturday March 27 at Renaissance Boston Waterfront Hotel by Real Estate Disposition, the [...]
Massachusetts Supreme Court to Review Massachusetts Foreclosures
The state Supreme Judicial Court will consider a contentious 2009 Land Court decision that has called into question the validity of hundreds, if not thousands, of foreclosure sales in Massachusetts. The seven-member court said Monday it will take on the so-called Ibanez case through a process that allows it to bypass the Appeals Court. The [...]
Additional Information on Massachusetts Foreclosures and Bank of America
PBS has a great interview about Bank of America’s foreclosure prevention plans for Massachusetts. Bank of America’s Foreclosure Fight Plan Wednesday, March 24, 2010 SUSIE GHARIB: Welcome relief today for some people who can’t make their mortgage payments if they’re with Bank of America. Tom, under pressure from state attorneys general, the bank agreed to [...]
Massachusetts Foreclosures Seen to Be Slowing or Stable
The number of new petitions to foreclose has remained relatively stable for several months, providing a hopeful sign that the worst of the state’s foreclosure problem could be in the past. But the problem is by no means over: The number of foreclosure deeds filed – the final step in the foreclosure process – has [...]
Fort Point Channel’s Worchester CitySquare Facing Foreclosure
Berkeley Investments Inc., the Boston developer of the stalled $563 million CitySquare mixed-use development in downtown Worcester, is facing foreclosure at nine of its properties in the Fort Point Channel area of Boston, the Boston Herald reported today. Berkeley had planned a major condominium and mixed-use project in the Seaport District in Boston. Two of [...]
Marriott at Dorchester’s South Bay Mall Facing Foreclosure
The 164-room Courtyard by Marriott, next to South Bay in Dorchester, is set for a foreclosure auction next month. GE Business Financial Services Inc. is foreclosing on the 5-year-old hotel and an adjacent unfinished restaurant building after owner Jiten Hotel Management Inc. defaulted on a $16.2 million mortgage. “The loan matured, and they didn’t pay [...]
Bank of America To Help Avert Massachusetts Foreclosures
I’ve been rough on Bank of America (BAC) in recent months over its failure to help struggling homeowners avoid foreclosure. So it’s encouraging to see the financial giant saying that it will begin reducing the principal balance on mortgages for eligible borrowers. Cutting loan balances is perhaps the best way to keep people in their [...]