Additional Information on Massachusetts Foreclosures and Bank of America
PBS has a great interview about Bank of America’s foreclosure prevention plans for Massachusetts. Bank of America’s Foreclosure Fight Plan Wednesday, March 24, 2010 SUSIE GHARIB: Welcome relief today for some people who can’t make their mortgage payments if they’re with Bank of America. Tom, under pressure from state attorneys general, the bank agreed to [...]
Bank of America To Help Avert Massachusetts Foreclosures
I’ve been rough on Bank of America (BAC) in recent months over its failure to help struggling homeowners avoid foreclosure. So it’s encouraging to see the financial giant saying that it will begin reducing the principal balance on mortgages for eligible borrowers. Cutting loan balances is perhaps the best way to keep people in their [...]
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 [...]
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 [...]
Bus tour highlights effects of foreclosures in Brockton Massachusetts
People here say they feel helpless and trapped. There have been more than 1500 foreclosures here in the past five years – some of it questionable lending practices – and there was anger tonight against banks. Most people are looking to find a way out. The bus says “All Occasions” and this one is a [...]
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 [...]