Foreclosure Auctions
Massachusetts Near Top of New England Foreclosures
OK, we will never catch up to Nevada, the foreclosure capital of the world. But Massachusetts has one of the highest levels of foreclosure activity of any state in the Northeast, with numbers close to those of considerably larger states like New York and Pennsylvania. I took another look at the latest foreclosure numbers RealtyTrac [...]
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 [...]
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 [...]
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 [...]
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 [...]
Foreclosures Expected to Continue in Massachusetts
The worst of the foreclosure crisis that swept through the region in the past few years may be over, but the problem is not going away just yet. The number of foreclosures fell last year. Yet at the same time, lenders began the process of foreclosing on hundreds more homes in the area. High unemployment [...]
Massachusetts Real Estate Foreclosure Update
The number of foreclosures initiated in Massachusetts during the month of November fell below 2,000 for the first time since January, according to a new report by The Warren Group, publisher of Banker & Tradesman. Still, petitions to foreclose, which mark the start of the foreclosure process, remain at a relatively high level and were [...]
Nantucket, MA, Concord, MA, Weston, MA, and Winchester, MA Foreclosures are Increasing 3X, or 4X
The state’s foreclosure crisis, which has largely battered lower cost cities like Worcester, Springfield, and Lynn, is slowly creeping into the state’s tonier towns, reflecting a tough financial year for even some of Massachusetts’ wealthiest residents. Affluent towns including Nantucket, Concord, Weston, and Winchester, saw triple or quadruple digit percent increases in foreclosure deeds during [...]