Foreclosure Financing
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 [...]
$13.6 million Coming to Boston in Foreclosure Aid
Boston will get $13.6 million in the second round of Neighborhood Stabilization Program funding to assist the city’s foreclosure prevention and reclamation efforts. The grant will allow the Department of Neighborhood Development to support redevelopment of up to 275 foreclosed homes in Dorchester, East Boston, Roxbury, Hyde Park and Mattapan. Buyers of foreclosed properties in [...]
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 [...]
Massachusetts Foreclosure Default Notices on the Rise
Rising unemployment and more adjustable-rate loans resetting to higher monthly payments are boosting foreclosure filings in the region. The number of homeowners in the Boston metropolitan area who received default notices – the first step in the foreclosure process – swelled to 7,962 in the third quarter, a 19.4 percent increase over the same period [...]
Massachusetts Foreclosures Invalid?
Richard D. Vetstein, today, he explains a legal case regarding foreclosure: In late March of this year in the case of U.S. Bank v. Ibanez, Massachusetts Land Court Judge Keith C. Long issued one of the most controversial rulings in recent years which has called into question hundreds if not thousands of foreclosure titles across [...]
Marshfield Massachusetts Foreclosure Seminar Wrapup
Though he came too late to see any of the speakers’ presentations, much of Monday’s foreclosure prevention seminar at Marshfield Town Hall was familiar to Marshfield resident Jim Nielsen. And not only because he had been to a similar seminar months earlier. Many of the issues and obstacles discussed by the nights’ presenters were familiar [...]
Second Boston Foreclosure Wave Coming? Massachusetts Foreclosures Could Increase.
Home sales were up again yesterday nationally, rising 3.6 percent over June. It was the third straight, month-over-month increase, and the latest sign that life of some sort may be finally returning to a sector that was all but dead few months ago. (Of course, prices just keep on falling, with the median sale price nationally [...]
Boston Foreclosure Crisis Changes Housing Market
NECN published a story on Massachusetts Foreclosures recently. The video is embedded below. If you’re selling or buying a home, chances are you’ve noticed a change. In Massachusetts, that change is big. Esmerelda Thornton is a homeowner counselor at the Neighborworks center of Worcester. Her job is to help people facing foreclosure and first-time homeowners [...]
$54.6 Million Available in Massachusetts Foreclosure Financing
Boston is one of four cities in the Commonwealth to receive more than $11 million dollars in direct aid to help buy foreclosed properties. Massachusetts will receive $43.6 million, and four cities – Boston, Brockton, Springfield and Worcester – will get a additional direct allocation totaling $11 million. Under the program, part of a housing [...]
The Boston Condo Loft Covers Boston Foreclosures
The Boston Condo Loft, a blog run by several real estate agents, has picked up on the interest for foreclosures in Boston. As part of their coverage of foreclosures in Boston, they’ve highlighted three Boston foreclosures that piqued their interest: $289,000 | MLS # 70874972 4 Story Street Boston, MA 02127 $325,000 | MLS # [...]