Boston Foreclosure Auctions
Newbury St Boston Foreclosure Auction
A prime piece of Boston real estate on the swankiest end of Newbury Street is headed for the auction block. The property at 4-6 Newbury St., which includes a 160-car garage and first-floor retail space across from the Taj Boston Hotel, faces foreclosure, because its owner defaulted on the mortgage, according to a legal notice published yesterday. [...]
Massachusetts Foreclosure Crisis Could be Bigger Than Initially Thought
For anyone thinking the worst of the foreclosure crisis is behind us, wake up and smell the coffee. Or better yet, take a look at some of the numbers Amherst Securities’ Laurie Goodman is crunching. Goodman, who took part in a panel discussion on the real estate market I moderated last week at the InterContinental [...]
Melrose Massachusetts Foreclosures Rise More Than 100%
In October for the first time this year, Massachusetts foreclosure rates are down compared to last year, but in Melrose the number of completed foreclosures year-to-date are much higher than last year, according the latest figures from The Warren Group. While the 557 completed foreclosures statewide last month was down 39 percent from the 914 [...]
Best Boston Foreclosure Flip?
Boston Properties Inc. now owns the two tallest buildings in Boston’s Back Bay. The real estate firm said it has bought the John Hancock Tower for $930 million after a fierce bidding war over the signature tower. Boston Properties already owns the neighboring Prudential building. The deal further strengthens the firm’s hold on the Back [...]
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 [...]