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Archive for the 'Boston foreclosures' categoryMA Foreclosure Picture Starting to ImproveThe following excerpts are from a Banker & Tradesman article, headlined Bay State Foreclosure Petitions Drop In January: Boston’s hardest hit neighborhoods hitting bottom?Here’s an interesting piece from Banker & Tradesman, headlined Boston’s hardest hit neighborhoods finally hitting bottom: The good, bad and uglyFirst, the somewhat good news: Foreclosure filings were down slightly in September. Busy State House weekMore than 100 housing-related bills are expected to be heard this week on Beacon Hill. One of them calls for a 180-day moratorium on foreclosures of buildings that house four separate households. A new militant phase of foreclosuresFrances Louis’s “moral” claim to move into an empty foreclosed unit in Roxbury is philosophically dubious and flatly illegal — but it’s producing results. The bank is backing down. In the process, maybe the Wisconsin bank has stumbled on a partial short-term solution of transferring foreclosed properties before confrontations develop. Read and discuss. Mortgage Repairs Lag Far Behind ForeclosuresCongress debates how to strengthen the economy and prevent reckless lending in the future, 1 in 10 families is behind on their mortgage. The latest available figures show that the number of households at risk of foreclosure is 700% higher than the number of loan modifications, and the gap has been increasing steadily. Boston real estate – ForeclosuresFrom the Boston Herald: |