Massachusetts Foreclosure Data
$4.3 Million Head to Brockton for Massachusetts Foreclosure Repair
Brockton officials have always known that one of the worst things that can happen to a city is to have it populated by abandoned buildings. They not only drag down property values, but become havens for drug dealers and homeless people and eat away at the fabric of a city. The solution is always the [...]
Massachusetts Foreclosures: Help From the White House
The Boston Condo Loft did a very nice job covering President Obama’s Foreclosure plan. For us, that means that Boston Foreclosures, and Massachusetts Foreclosures are likely to decline. First, the basics of the plan. The Homeowner Affordability and Stability Plan will not go to speculators, and is intended for owner occupied homes. The Treasury will partner with [...]
Massachusetts Foreclosures Decline
Despite RealtyTrac’s recent reports that foreclosures in the U.S. have jumped 30 percent, year-over-year and almost 6 percent since January, foreclosures in Massachusetts, have declined. Foreclosure activity in Massachusetts fell more than 24 percent from February 2009 from the February 2008, and 12 percent from this January. Scott Van Voorhis, writing for the Boston Globe notes: [...]
The Boston Condo Loft Covers Boston Foreclosures
The Boston Condo Loft, a blog run by several real estate agents, has picked up on the interest for foreclosures in Boston. As part of their coverage of foreclosures in Boston, they’ve highlighted three Boston foreclosures that piqued their interest: $289,000 | MLS # 70874972 4 Story Street Boston, MA 02127 $325,000 | MLS # [...]
Boston Foreclosures Making Living in the City Affordable?
The Boston Herald reported that the current financial slowdown has created opportunities for buyers that could not afford to buy in Boston proper. According to MLS, there are 93 single-family homes for sale in Boston at $250,000 and under! Of course, these homes are listed in Beacon Hill or the Back Bay, but many of these homes [...]
MA Foreclosure Rates Lower Than National Average
Andrew Sullivan comments on a New York Times article on late 2008 foreclosure rates. Catherine Rampell summarizes a study on Q4 2008 foreclosures by state: A new study takes issue with the media narrative that foreclosures are dangerously widespread. The paper’s authors, William Lucy and Jeff Herlitz at the University of Virginia, examined foreclosure rates in every state, 35 [...]
82% Increase in Foreclosure Filings in 2008
More than 3 million properties were foreclosed in the U.S. during 2008, according to foreclosurelistings.com, representing an 82% increase over foreclosure listings in 2007, and a 240% increase in the total number of properties foreclosed upon during 2006. Remember for comparison, in Massachusetts, a total of 12,430 foreclosure deeds were recorded in 2008, up from 7,653 [...]
Top 10 States By Foreclosure Filings in 2008
John Ford reports the Top 10 States By Foreclosure Filings in 2008 State Filings Per Household* California 260,709 2.27% Florida 107,833 1.71% Texas 70,037 1.17% Arizona 65,898 3.47% Michigan 62,419 2.09% Georgia 53,423 2.55% Ohio 47,544 1.22% Nevada 37,043 4.99% Colorado 30,132 1.96% Illinois 27,957 0.74% * Percentage of every 1,000 households in state
Buying A Foreclosure Through Bank Foreclosures
Buying A Foreclosure Through Bank Foreclosures You have decided to purchase a home through a foreclosure sale. One of the best ways is through bank foreclosures. Bank foreclosures are simply the homes and properties the bank has taken back from the original purchaser through foreclosure. The owners of the property have fallen behind in their [...]
Foreclosures jump 62% in 2008 in Massachusetts
Timothy Warren Jr., CEO of The Warren Group, reported on January 21, 2008 in the Boston Herald that foreclosures in Massachusetts jumped to a total of 12,430, up from 7,653 in 2007 and 3,130 in 2006. In December, there were 936 foreclosures, a 37 percent increase from 683 in December 2007. “Sadly, over 12,000 people [...]