Category: Foreclosure
Do foreclosures present an investment opportunity?
In recent years, lenders may have allowed a grace period for homeowners struggling with delinquent mortgage payments. However, that safety net has apparently been removed, considering that foreclosure filings in Massachusetts have increased by 91 percent from October 2013. In fact, foreclosures have been on the rise for eight consecutive months in the state.
A...
Tips for responding to a foreclosure notice
Massachusetts leader takes on predatory lending and foreclosures
Massachusetts Attorney General Martha Coakley has become involved in an area of real estate more typically reserved for real estate attorneys: foreclosure sales.
Specifically, Coakley brought lawsuits against two federal mortgage agencies -- Freddie Mac and Fannie Mae -- for their alleged refusal to sell homes in foreclosure to various nonprofit groups committed to helping...
Settlement payments for wrongful foreclosures total $3.1 billion
Massachusetts foreclosure petition filings continue to decline
Foreclosure scams still a part of real estate market
When Massachusetts residents fall behind on their mortgages they have many reputable options to turn to for finding financial guidance and support. Unfortunately, some dishonest individuals and organizations do exist and prey on struggling homeowners when they are most in need of help. Often times victims do not know they have been scammed until...
State legislation may provide clarity to some real estate titles
There are always risks inherent to buying or selling properties on the residential real estate market but most Massachusetts residents believe that once they get through the closing process, the negotiating drama should end. For some individuals who purchased foreclosed properties in the past, new issues arose when the Massachusetts Supreme Judicial Court voided...
Municipalities find ways to save real estate, stop foreclosures
There is no question that many Worcester families have been hit with the overwhelmingly hard realities of foreclosure. As previously discussed on this blog, the community has formed groups and proposed anti-foreclosure measures specifically aimed at keeping local families in their homes. Other communities around the country have tried similar methods of stopping foreclosures...
Worcester foreclosure mediation program moves closer to reality
In what has become an ongoing debate between the city council and the city manager, the city of Worcester has taken one more step toward approving a mandatory foreclosure mediation program for some struggling homeowners and their lenders.
The mandatory foreclosure mediation program, which has been strongly supported by the community's Anti-Foreclosure Team, was preliminarily...