Massachusetts Foreclosure Data
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 [...]
Massachusetts Foreclosures Rise in 2009, Overall
The number of foreclosures initiated in Massachusetts jumped 28.1 percent in 2009 to 27,928 from 21,804 in 2008 but was 5.5 percent below the level in 2007, according to the latest report from The Warren Group, publisher of Banker & Tradesman.
The number of completed foreclosures, meanwhile, declined 25.4 percent to 9,269 last year from 12,430 [...]
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 [...]
Newton Massachusetts Family Fights Foreclosure (video)
A Newton, Massachusetts mother is hoping the kindness of friends and strangers can help her keep her family home.
When Elinor Beatrice met her husband Jeff 20 years ago, they each had children from previous marriages, but they would spend the coming years expanding their family even more.
They raised 11 kids in the same house Jeff [...]
Banks, collection firms pursue claims after homes foreclosed
Hank Lane figured that when he lost his Groton home to foreclosure in 2008, at least his long-running financial nightmare had come to an end.
He was wrong.
The $550,000 that Lane’s home fetched at auction covered most of his $650,000 first mortgage, but none of his $200,000 second mortgage – and the second lender wants its [...]
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 last [...]
Massachusetts Foreclosures fall by 30% year over year; Foreclosures in Massachusetts Rise 4% Over Quarters
The number of Bay State residents whose homes were seized by lenders increased from July through September compared to the previous quarter, but foreclosures have declined by nearly 30 percent year-over-year, according to a new report by the Warren Group.
“Lenders are facing pressure from federal leaders to offer loan modifications to troubled homeowners, and some [...]
Late Leap in Massachusetts Foreclosure Rates
The Bay State may not be a national leader when it comes to the foreclosure epidemic.
That honor still rests with such boomtown states gone bust as Nevada, Arizona and California.
That’s the good news.
But let’s not get smug here.
The latest numbers from RealtyTrac are out, and they don’t look good for Massachusetts.
Foreclosure activity, including initial notices [...]
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 [...]