Foreclosure Auctions
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 either 30 or [...]
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 will probably [...]
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 the [...]
Mansfield Massachusetts Home Foreclosed | Habitat For Humanity Home Foreclosure
MANSFIELD — Richland County Habitat for Humanity recently filed for foreclosure against a woman who has lived in a Habitat home at 72 Greenwood Ave. since 1994.
Doris M. Nabors voluntarily agreed to work with Habitat to allow the house to be sold at sheriff’s sale, so the nonprofit can recover the less than $10,000 she [...]
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 & [...]
Bus tour highlights effects of foreclosures in Brockton Massachusetts
People here say they feel helpless and trapped.
There have been more than 1500 foreclosures here in the past five years – some of it questionable lending practices – and there was anger tonight against banks.
Most people are looking to find a way out.
The bus says “All Occasions” and this one is a tour of the [...]
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 site [...]
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 auctions is [...]
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 took less than [...]