Massachusetts Foreclosure Laws
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 [...]
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 [...]
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 [...]
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 [...]
Harvard MBA Students Support Fight Against Massachusetts Foreclosure
The Homeownership Preservation Foundation (HPF) today announced that it was teaming up with students at Harvard Business School (HBS) to support the Foundation’s mission of preventing foreclosure and preserving homeownership. Beginning in the fall semester, students of the class of 2010 will work alongside the Homeownership Preservation Foundation in several independent field studies aimed at [...]
Boston Massachusetts Launches Foreclosure Prevention Program
The City of Boston will spend roughly $18 million to help homeowners avoid foreclosure and bring new buyers into the market in a program announced Wednesday by Mayor Thomas M. Menino.
The program, called the Homeownership Stabilization Campaign, is a 12-month initiative to aid neighborhoods hardest hit by the foreclosure crisis.
The two-part program will provide equity [...]
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. Prices [...]
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. [...]