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Arizona Four Seasons Resort and Golf Club Facing Foreclosure
A 400-acre luxury resort that hosts the annual Byron Nelson Championship golf tournament is facing foreclosure. U.S. Bank has posted the Four Seasons Resort and Club in suburban Dallas, with its more than 400-room hotel and spa, for a Feb. 2 auction. The bank is seeking payment on a $183 million note with Los Angeles-based [...]
Boston Works To Keep Renters in Foreclosed Homes
The Boston Redevelopment Authority and the Department of Neighborhood Development are working together to keep tenants in foreclosed homes throughout Allston-Brighton. The BRA has used funds earned through its leased properties around the city to purchase five foreclosed homes from the Bank of America as a way to revitalize neighborhoods and limit the impact of [...]
Brockton MA Has Most Foreclosures in Massachusetts
BROCKTON — The city had the highest number of housing units in foreclosure in the state as of July, according to the Massachusetts Housing Partnership and the Federal Reserve. A total of 34,794 housing units (including apartments) were in some stage of foreclosure. That number is actually down 1 percent since October 2008, and represents 2,900 [...]
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 [...]
NECN Covers the Boston Foreclosure Auction
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 [...]