As anxious home buyers and sellers navigate their way through the Worcester real estate market, a new report on the state's foreclosure trends suggests that people all across Massachusetts are finding effective ways of managing their mortgage obligations.
The Warren Group, a Boston company that follows the ebbs and flows of...
Foreclosures are still happening all over the country as well as right here in Worcester. A local family has waged an impressive fight against their lender and mortgage owner in an attempt to avoid eviction.
The family bought its house at the height of the housing market and was able to make their mortgage payments...
As previously discussed on this blog, Worcester city council members have had very different views on the city's foreclosure policy than the city's manager. While some have supported implementing a city ordinance that would require homeowners with foreclosed properties to undergo mediation with their lenders, others have found the costs too high and the...
It is often the case that bad situations compound and build upon each other. For many Massachusetts families, the loss of a job or a divorce can put into limbo the financial stability that two-income households generally experience and create turmoil when incoming money is cut in half. Though money struggles are often a...
As previously discussed on this blog, trends in the local and national housing markets suggest that things are improving. Here in Worcester, however, foreclosures continue to be a big problem for some homeowners. Members of the city council have been attempting to propose new ways of helping people subject to foreclosure stay in their...
Most of people in Worcester are fortunate enough to never experience the painful struggle of home foreclosure. With the stigma of financial failure attached to every foreclosure petition, some people never recover from the emotional and financial challenges associated with losing their homes. Over the last decade, an unprecedented number of individuals have been...
As summer approaches, some homeowners in Worcester might be contemplating whether it is a good time to put their homes on the market. As previously discussed on this blog, the Worcester real estate market appears to be improving and some sellers are experiencing multiple offers on their available properties. Even...
As previously discussed on this blog, Worcester housing prices are increasing and generally positive signs are beginning to emerge in the local housing market. Despite these improving trends, many people are still facing foreclosure of their residential real estate and fighting their lenders to work out reasonable repayment plans. While...
Many individuals experience a sense of personal pride when they buy and then live in their own homes. However, residential real estate in Worcester has been hit hard by the national foreclosure situation and foreclosure has thrown many homeowners into financial insecurity. When mortgage payments become unmanageable and homeowners are...
