massachusetts foreclosures: Massachusetts Banks cut Foreclosures by 40 percent - 12/30/10 10:27 PM
Massachusetts Banks cut Foreclosures by 40 percent
Last year at this time, banks in Massachusetts seized 702 homes. Compare this with 416 homes in the same month of this year. The reason? Concern over some of the questionable business practices that have taken place recently.
Many people who had been scheduled to be out of their homes by this time have had a reprieve. Their foreclosure dates have been postponed for months.
According to an article in the Boston Globe today, paperwork issues, controversial procedures and even possible fraudulent practices have stopped lenders from completing foreclosures on many Massachusetts residents.
Delinquent borrowers are not permanently … (8 comments)
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massachusetts foreclosures: Massachusetts Homeowners May Get More Foreclosure Assistance - 08/03/10 06:49 PM
Massachusetts Homeowners May Get More Foreclosure Assistance
Until recently, Massachusetts has been spared some of the devastating numbers of distressed properties that have been plaguing much of the rest of the country. But now we may just be getting our share.
Through an article in the Boston Globe, The Warren Group has reported that the number of foreclosures in Massachusetts has skyrocketed with a 56.7 percent increase from last year with 7,431 homeowners losing their properties.
With these rising numbers, a law was passed last week that is designed to help keep struggling homeowners from losing their homes and to help … (2 comments)
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massachusetts foreclosures: Massachusetts Foreclosure Rates Fall 25% - 01/26/10 10:24 PM
According to information released yesterday by the Warren Group, Massachusetts foreclosure rates have fallen 25% compared with 2008. The report showed the number of foreclosures in the state 9,269 down from 12,430 in 2008.
This, in no way, implies that the foreclosure crisis is over for Massachusetts. It is simply that any drop in these numbers is a possible step in the right direction.
Unfortunately, there are still many people in this state who are having trouble making their mortgage payments, as 28,000 homeowners in Massachusetts who were served with foreclosure petitions have shown. A foreclosure petition is the first step … (8 comments)
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