Boston Foreclosure Auctions
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 [...]
North Shore Music Theatre Foreclosure Auction – October 1, 2009
North Shore Music Theatre closed in June due to mounting financial problems. David Fellows, chairman of the NSMT Board of Trustees said the board of trustees has turned the property and assets over to Citizens Bank, which is in the process of foreclosing on the theater’s two mortgages, which total about $5.2 million. The theater [...]
Massachusetts Foreclosure Auction for Abbey Grill and Great Hall Dates
The auction for the foreclosed bank owned Abbey Grill and Great Hall in Fall River, Massachusetts has been scheduled on August 20. This is the third auction date that Millennium bcpbank, the holder of the property’s mortgage, has set for Abbey Grill and Great Hall. The first two dates were set in March and May. [...]
Worcester Massachusetts Foreclosure Auction Listings
Foreclosure Auction 15 Fitchburg Rd, Ashburnham, MA Brandy Goulkin Mxu Res+Com $256,600 07/22/2009 Foreclosure Auction 17 S High St, Ashburnham, MA Mark S Houle 1-Fam Res $196,600 07/24/2009 Foreclosure Auction 117 Sherbert Rd, Ashburnham, MA Peter R Blanchard 1-Fam Res $198,100 07/30/2009 Foreclosure Auction 1397 Pleasant St, Athol, MA Mark A Moseley 1-Fam Res $213,700 [...]
Marlborough Massachusetts Foreclosure Auction Listings
Status Address Owner Property Type Assessed Value Date Foreclosure Auction 110 Boston Post Rd E #106, Marlborough, MA Luzia Braga Condominium $151,200 07/17/2009 Foreclosure Auction 259 Boston Post Rd E #7, Marlborough, MA Evaldo Chaves Dasilva Condominium $121,100 08/03/2009 Foreclosure Auction 616 Boston Post Rd E #28, Marlborough, MA Steven C Mucci Condominium $82,000 07/20/2009 [...]
Buying a Foreclosure is Possible in a Down Housing Market
Jay Hummer, executive vice president of Re/Max of New England in Natick, wrote a really great article on buying a home in today’s economy. I’ve reproduced it in its entirety here, because I think its very interesting. While there is no overnight fix for the residential housing market, there are encouraging signs that the second [...]