help buying a foreclosure in Massachusetts
More Massachusetts Foreclosures for 2010
Looks like the foreclosure mess won’t be going away anytime soon.
Just as all the hoopla over the extension of the home buyer tax credit starts to fade, along comes the The Mortgage Bankers Association to bring the market back to reality.
One in seven loans is now in foreclosure, up from one in ten at the [...]
Buying a Massachusetts Foreclosure Property
Thinking of buying a home? Act before year’s end and you just might be able to make the most of the glut of foreclosed properties currently up for sale. That’s because, while banks traditionally have been unwilling to come down on the list prices of foreclosed properties, a year-end push to clear their books of [...]
Cambridge Foreclosure Listing | Cambridge Mass. Foreclosure Listing
Charlesgate Realty just listed a bank owned luxury condo for sale at 10 Museum Way (The Regatta). The pre-foreclosure price for this two bedroom condo was $539,000.00 and was on the market for a year. It has been re-listed on MLS, now that the bank owns it, with an asking price of $430,000.00.
The address of [...]
Massachusetts Foreclosure and Subprime Mortgage Crisis
BOSTON — Where were Massachusetts banking regulators as the subprime mortgage crisis exploded all around them? An investigation by the New England Center for Investigative Reporting found Massachusetts lags far behind other New England states in the number of serious disciplinary actions against mortgage brokers.
Jaime Alvarez has the face of a trusting man. The 57-year-old [...]
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 Massachusetts.
The [...]
Great Map of Boston and Massachusetts Foreclosure Trends
There’s a lot of confusion out there about the foreclosure crisis.
I remember editors at one paper I worked for seeking in vain a suburban counterpart of battered, boarded up and foreclosed Hendry Street in Dorchester.
Anyway, I am sure there was a lot of salivating over potential headlines, Wellesley’s Foreclosure Alley and things of that sort.
Of [...]
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 Foreclosures Rise in Salem, Decline in Beverly
Massachusetts Foreclosures
PEABODY — As foreclosures continue to rise across the country, activity on the North Shore has fluctuated depending upon the community.
As it did last year, Peabody had 30 recorded foreclosures through the first five months of this year. Foreclosures also held steady in Danvers, increasing by just one to 10 during the same span [...]
Tips for Buying a Real-Estate Owned Property in Massachusetts
Here are some tips for buyers interested in purchasing REOs:
Find a specialist. Check newspaper and online ads to see which agents handle REOs. Typically, banks have just a handful of brokers handling all of their local foreclosure sales.
Get [...]
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 [...]