Massachusetts Foreclosures
Massachusetts Foreclosures Reviewed Following Errors
The state’s top bank regulators said yesterday that they plan to scrutinize the foreclosures made by major national mortgage lenders in Massachusetts, following mounting reports of errors in such proceedings across the country. Barbara Anthony, undersecretary of the Office of Consumer Affairs and Business Regulation, said the state will examine procedures to make sure lenders [...]
New Massachusetts Foreclosure Protection Law Signed into Force
Massachusetts homeowners facing foreclosure and tenants in foreclosed apartment buildings will get extra protections under a bill signed into law Saturday by Gov. Deval Patrick. Patrick signed the law at a single family home in Brockton that was foreclosed on but then rehabilitated by a local affordable housing agency and placed on the market. “Even [...]
Massachusetts Foreclosure Petitions Decline Year Over Year and Month Over Month
Lenders initiated fewer foreclosures in Massachusetts in May than they did a year ago and in the prior month, according to a new report from The Warren Group, publisher of Banker & Tradesman. Foreclosures petitions, which mark the first step in the foreclosure process in the Bay State, fell 9.4 percent to 2,110 from 2,329 in [...]
Boston Foreclosure Scams Targeted in New Initiative
Homeowners struggling to make mortgage payments beware: Some people promising help just want to grab your scarce dollars. That is the key message of a campaign launched in Massachusetts on Monday to alert homeowners to the proliferation of loan modification schemes nationwide. The campaign, backed by local, state, and federal agencies, urges owners not to [...]
Massachusetts Foreclosure Option: Stop Paying
Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino. “Instead of the house dragging us down, it’s become a life raft,” said Mr. Pemberton, who stopped paying the mortgage on their house here last summer. “It’s [...]