Wayland, MA Foreclosures, Weston, MA Foreclosures, Wellesley, MA Foreclosures

Posted by
August 9, 2009
The foreclosure crisis has crept from the state’s most vulnerable towns, where people used subprime loans to buy homes they couldn’t afford, to some of Boston’s most affluent suburbs.
No ZIP code has proved untouchable.
The number of foreclosure petitions filed in the first half of this year is up in Dover, Duxbury, Harvard, Hingham, Lexington, Lincoln, Needham, Wayland, Wellesley, Weston and Westwood. The increases in petitions are anywhere from 16 percent in Lexington to 260 percent in Sudbury, and though they are based on a small number, the petitions highlight the fact that people are struggling to pay mortgages even on high-priced homes.
The number of foreclosure petitions and deeds filed in 20 of the wealthiest towns in the state is comparatively small compared with the hundreds of foreclosures plaguing low-income neighborhoods in Boston and other cities, but in some towns such as Sudbury the jump is enough to make local real estate brokers take notice.

The foreclosure crisis has crept from the state’s most vulnerable towns, where people used subprime loans to buy homes they couldn’t afford, to some of Boston’s most affluent suburbs.

No ZIP code has proved untouchable.

The number of foreclosure petitions filed in the first half of this year is up in Dover, Duxbury, Harvard, Hingham, Lexington, Lincoln, Needham, Wayland, Wellesley, Weston and Westwood. The increases in petitions are anywhere from 16 percent in Lexington to 260 percent in Sudbury, and though they are based on a small number, the petitions highlight the fact that people are struggling to pay mortgages even on high-priced homes.

The number of foreclosure petitions and deeds filed in 20 of the wealthiest towns in the state is comparatively small compared with the hundreds of foreclosures plaguing low-income neighborhoods in Boston and other cities, but in some towns such as Sudbury the jump is enough to make local real estate brokers take notice.

MA Foreclosure Auctions, Massachusetts Foreclosure Auctions

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