Massachusetts Foreclosure Data
Foreclosure Prevention Questions, Two Year’s Too Late
Really, what took these guys so long to start asking some pointed questions? That’s my reaction to the news that some in Congress are starting to get ornery about the absurdly slow pace of the nation’s foreclosure rescue programs. Members of the Senate Banking Committee took aim last week at the Obama Administration, angered over [...]
Massachusetts Foreclosure Data from June – Increasing Massachusetts Forecloures
Massachusetts foreclosure petitions in June jumped to 2,835 – more than eight times higher than the 350 petitions in June 2008 and 21.7 percent higher than the 2,329 filings in May, said the Warren Group, which added that the number of petitions to foreclose in June was the highest it’s been in the previous 13 months. [...]
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 [...]
Facing Foreclosure in Massachusetts? You Have Options!
We are facing an unprecedented rise in foreclosures in the United States that threatens our financial security and the stability of our communities. Today, every homeowner is acutely aware of the rapid decline in property values. The real estate euphoria that took place during the “boom” years at the beginning of this decade has vanished. [...]
Massachusetts Foreclosures Affect School Districts
With foreclosures in Massachusetts hitting in some of the neighborhoods with the worst schools, it’s apparent that some fo the concerns expressed in the video below, will be hitting home soon. Foreclosures have blighted areas like Boston, and Dorchester and due to the ongoing financial slump, many families have been forced to move and relocate. [...]
Massachusetts Foreclosures Decline 59% in May
Foreclosure deeds filed in Massachusetts in May dropped 58.6 percent from the previous year, although foreclosure petitions — the first step in commencing foreclosure proceedings — rose sharply, according to The Warren Group. Deeds filed in May were also 24.3 percent below April’s count and, year-to-date, were 26.3 percent below the first five months of [...]
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 [...]
Massachusetts Foreclosures Decline 4% in February 2009
Massachusetts Foreclosures declined, according to the the Warren Group, using the latest full month of data available. They report that 823 foreclosure deeds were filed in Massachusetts in February 2009. According to the Warren Group, 860 foreclosure deeds were filed in Massachusetts in February 2008. Year over year, this represents a 4.3% decline in the [...]
Buying a Foreclosure is Possible in a Down Housing Market
Jay Hummer, executive vice president of Re/Max of New England in Natick, wrote a really great article on buying a home in today’s economy. I’ve reproduced it in its entirety here, because I think its very interesting. While there is no overnight fix for the residential housing market, there are encouraging signs that the second [...]
Home Price Index Declines, But Only Barely in Massachusetts
Kelly Curran writing for HousingWire discusses the Home Price Index. The gap between REO sales prices and the rest of the market is growing at an accelerating pace, according to a recent study by Lender Processing Services, Inc. In general, markets that experienced sharp drops in home prices in 2008 also saw deeper REO discounts, [...]