The Massachusetts housing market has suffered from an overabundance of foreclosures over the last several years. Recently, however, new data suggest that the state's real estate crisis may be beginning to lift. As a follow-up to our recent post about Massachusetts foreclosures, new numbers from the Warren Group indicate that foreclosures...

Foreclosures continue to be an issue for many Massachusetts residents. Homeowners facing the loss of their homes have many options to stall the foreclosure process, though, ranging from modification of their loans to filing for personal bankruptcies. There's even the possibility of selling the homes in a newly resurrected real...

During the height of the mortgage boom, home loans were generally cheap and easy to secure. Unfortunately, many of these loans had provisions that could lead to a significant rise in the cost of the loan should the economy experience difficulties, as it did during the recession. Though the mortgage industry is rebounding, some...

A foreclosure can occur when homeowners fall behind in their mortgage payments due to unemployment or unexpected expenses. The following account shows how improper lending practices can cause real estate issues to become even worse.

A judge has ruled that mortgage lenders, including Citigroup, JPMorgan Chase and Wells Fargo, will...

A bit of mortgage relief may be at hand for Massachusetts residents thanks to the efforts of the Massachusetts Division of Banks. According to a statement released earlier this month, the banks are proposing a set of regulations that will require mortgage holders to work toward alternative options to foreclosure to lower the rate...

Real estate transactions are often fraught with potential pitfalls, especially in today's volatile environment. The number of foreclosures on both commercial and residential real estate has proven a major problem for homeowners and investors alike. Those facing foreclosure on their property should seek to understand their rights and available options...

While some people may know that a foreclosure notice is coming, others can be blindsided by changes in their real estate loans that happen as a result of changes at their respective financial institutions. The financial crisis in the last few years has resulted in a number of mergers and...

Traditionally, foreclosure is a nightmare for Massachusetts residents. Because the home is regarded as collateral in a mortgage, banks could seize the home, effectively kicking out the homeowner. However, a new state law goes into effect in the state in November that helps to protect some residents from losing their homes. As long as the...

Attorney General Martha Coakley is again focusing attention on the foreclosure crisis in the state of Massachusetts and the resources recently made available to struggling homeowners. Since 2007, more than 45,000 homeowners have lost their homes to foreclosure and because of that a number of initiatives have been put in place to stymie the...

As many Worcester families already know, the foreclosure crisis has hit our area particularly hard. Now a national group called the Neighborhoods Assistance Corporation of America is trying to bring a little relief to the Worcester area by working with local residents to pair them with banks to find a solution to their mortgage...