How to Purchase a Foreclosed Property
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 loan pre-approval. The really good deals on REOs go quickly, and the buyer doesn’t necessarily [...]
“How to Purchase a Foreclosed Property” Seminar in Boston
The City of Boston is hosting a seminar entitled “How to Purchase a Foreclosed Property” on Tuesday February 3, 2009 beginning at 6pm at the Boston Home Center. This seminar will be the first of many seminars offered by the City on this topic. Further details are listed below. When Tuesday, February 3, 2009, 6 – 8pm [...]