Boston Foreclosure Auctions
Downtown Boston Foreclosures along Rose Kennedy Greenway Increasing
A second-floor condominium in a luxury building just off the Rose Fitzgerald Kennedy Greenway boasts a gourmet kitchen, golden-colored polished concrete floors, and spectacular views of Boston Harbor. This spring, it gained an undesirable distinction: The 2,600-square-foot condo went into foreclosure. In fact, half of the units at Greenway Place, a newly renovated 12-unit, eight-story [...]
Massachusetts Gas and Convenience Store Foreclosure Auctions
Tranzon Auction Properties, with corporate offices in Portland, Maine, announced today that it has been engaged by TD Bank to market and auction 16 gas and convenience stores stretching from Southern New Hampshire to South-Eastern Massachusetts. “We’re marketing these properties locally, regionally and nationally to alert interested parties of the sales scheduled to start on June 21st and run [...]
Foreclosure Auction at 36 Plain Street, Middleboro, MA
Foreclosure Auction at 36 Plain Street, Middleboro, MA Got Space? Got Land? Got Privacy? You will if you move here! Fantastic North Middleboro location. This house has it all. Perfect for extended family living. Farmers Porch, Master bath features Steam Bath and Jacuzzi Tub. Huge bonus room over garage w/reinforced beams will keep everyone entertained. 2 [...]
Poloroid Foreclosure in Waltham Sold at Auction
The former campus of Polaroid Corp. on Route 128 in Waltham has been purchased for $40 million by Boston developer Sam Park & Co. The status of the 120-acre parcel has been uncertain since late 2009, when bankers foreclosed on plans to build The Commons at Prospect Hill, an ambitious development of offices, shops, and [...]
Is the Foreclosure Crisis in Massachusetts Ending or At Least Slowing?
The foreclosure mess is far from over. But there is a flurry of signs, some national, and one local, that we just might be finally reaching a turning point. On the macro level, the number of homeowners falling behind on their mortgages actually fell in the fourth quarter, the Mortgage Bankers Association reported Friday. Mortgages [...]
Boston’s Rich Suburbs See Foreclosure Increases
Boston foreclosed homes for sale continue to rise in affluent suburbs as unemployment creeps into upscale communities, jumbo lending becomes restricted and property values fall to their lowest levels, based on data from real estate research company Warren Group. In Nantucket, upscale houses priced at $1.6 million in 2008 were being sold off at $1.2 [...]
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 & [...]
Polaroid Foreclosure Auction in Massachusetts Fails to Draw Bids
The future of a proposed $500 million development at the former Polaroid Corp. headquarters in Waltham remains murky after a foreclosure auction Friday failed to garner any acceptable bids on the property. The auction was held by Helaba, the German bank that holds the first mortgage on the property. Helaba itself ended up buying the [...]
WBUR Report on Massachusetts Foreclosures and Massachusetts Foreclosure Auctions
Jon Davis handles 10 percent of the state’s foreclosure auctions. The Marshfield lawyer has been watching these auctions migrate from places such as Dorchester and Lowell. “Now you’ll see them in the Sudburys, the Hinghams and the Westons,” Davis said, “where you wouldn’t have in the past expected to see foreclosures.” The reason for these [...]
North Shore Music Theatre Foreclosure Sale Results
BEVERLY, MASS. – Gone, in less than two hours. Well, sort of. In today’s 1 p.m. auction of the North Shore Music Theatre on Dunham Road in Beverly, Citizens Bank, the holder of the primary mortgage on the property, was the winning bidder, so to speak. So, essentially, nothing has changed. In a process that [...]