MA Foreclosure Auctions
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 [...]
October Warren Report on Massachusetts Foreclosures
Statistics regarding foreclosures in Massachusetts for the month of October were a mixed bag of news, according to Timothy M. Warren Jr., CEO of The Warren Group.
According to the latest report released by the Warren Group, a provider of real estate data in New England, foreclosures in Massachusetts rose nearly 30 percent in October compared [...]
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 [...]
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 [...]
Massachusetts Foreclosure Sales Could Be Invalidated
A Massachusetts Land Court justice’s ruling today puts into question the ownership of hundreds — and possibly thousands — of foreclosed properties in the state.
Justice Keith C. Long affirmed his own March decision that invalidated foreclosure proceedings involving two Springfield homes because the lenders did not hold clear titles to the properties at the time [...]
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 [...]
North Shore Music Theatre Foreclosure Auction – October 2, 2009
BEVERLY — The high bidder for the North Shore Music Theatre could be anyone from an artistic company intent on reviving the theater to a bank looking to recoup its money, according to people interested in the property’s future.
The theater’s fate will be determined Thursday, when a foreclosure auction is scheduled for 1 p.m. on [...]
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 [...]
Wayland, MA Foreclosures, Weston, MA Foreclosures, Wellesley, MA Foreclosures
The foreclosure crisis has crept from the state’s most vulnerable towns, where people used subprime loans to buy homes they couldn’t afford, to some of Boston’s most affluent suburbs.
No ZIP code has proved untouchable.
The number of foreclosure petitions filed in the first half of this year is up in Dover, Duxbury, Harvard, Hingham, Lexington, Lincoln, [...]