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Archive for the 'Foreclosures' category

And beware of Grinches offering bogus mortgage modifications

This is depressing. First, the fraudsters entangled people in ridiculously complex and costly mortgages. Then they turned around and hit up the same desperate people with bogus mortgage modifications schemes. Keep in mind: This scheme, in which a West Newbury man allegedly played a central part, took place right as Lehman Brothers was collapsing… Continue reading

Foreclose crisis? What foreclosure crisis?

From the Warren Group: A total of 247 foreclosure deeds were recorded in September, a 52 percent drop from 512 during the same month a year ago. A total of 2,382 foreclosure deeds have been filed so far this year, a 63 percent decrease compared to 6,491 deeds recorded during the same period last year. […]

Massachusetts sees 82 percent drop in foreclosure filings

We guess it’s now absolutely safe to say the housing crisis is officially behind us, based on the latest data showing there was an 82 percent decline in foreclosure filings last month. The Warren Group says it’s the real thing, not some freak statistical anomaly. File under: Wow… Continue reading

More good news: Foreclosures down — again

The Warren Group reports that both actual foreclosures and foreclosure petitions were down last month in Massachusetts. They’re still relatively high, particularly the number of petitions. But the downward trend is yet another piece of the emerging recovery puzzle. File under: Recovery, Cautious Category I… Continue reading

Is the foreclosure crisis winding to a close in Mass.?

It sure looks like the foreclosure crisis is ebbing here and elsewhere. The Warren Group reports a big drop in the number of homes that were foreclosed upon in October. The number of actual filings continued to rise, but the Warren Group said the filing increases were artificially low last year due to a deliberate […]

Foreclosures down in Massachusetts in July

More evidence of a steadily improving housing market: Foreclosures were down in July in Massachusetts. “It appears there is a downward trend in foreclosure activity,” said the Warren Group chief executive Timothy M. Warren Jr. “A strong economy and recovering housing market is helping lift consumer confidence. This news paired with banks’ return to standard […]

Foreclosures increase again in May

Foreclosures in Massachusetts rose again in May, this time more than doubling from the same month last year, according to the Warren Group. Normally, we’d be more than a little nervous about this trend. But the banks have recently been freed up to act more aggressively on the foreclosure front — and that’s exactly what […]

The mortgage-settlement shakedown scam

A short while ago, a bunch of states announced, to much fanfare, how they had negotiated a multibillion settlement with all those evil banks accused of screwing up foreclosure cases. The money, the government officials vowed, would go to those harmed by the banking-system process. But guess what? Many of the states took the dough […]

Unemployed workers may get forbearances on mortgage payments

This is potentially big: Fannie Mae and Freddie Mac may allow people mortgage forbearances (i.e. skip payments) if they can prove unemployment interfered with their ability to pay their mortgages. This will undoubtedly help people who are jobless and financially struggling. There’s no question about it. But here’s the question: What does it do to […]

Foreclosure activity falls in Massachusetts in March

From the Warren Group press release:Foreclosure activity in Massachusetts dropped significantly during the month of March, according to the latest report by The Warren Group, publisher of Banker & Tradesman. The number of foreclosures initiated by lenders plummeted almost 60 percent from a year earlier. Lenders filed 1,048 petitions to foreclose in March, a 59.4 […]

Let's talk Boston real estate. The most recent real estate comments

  • christian louboutin discount shoes sale, Samuels wins right to build 30-story Back Bay complex: ...
  • James, Boston condo owners: Risk of using Airbnb: Just to be clear you’re posting a fear mongering piece, but...
  • Julieta, Affordable housing opportunity in the Fenway: Really? then point out specifically where my cmnoemts are...
  • Rene, Is the housing recovery weaker than it appears?: Give it back to the bank. If your State is a non-recourse...
  • Reyna, Daisy Buchanan’s in Back Bay facing foreclosure: Benjamin: in defense of Vangel, I think the aruemgnt can be...
  • Talene, Which direction will Boston rents go?: I have witnessed that smart real etsate agents just about everywhere...
  • Anna, Well, at least Boston isn’t Los Angeles: Your credit will tank but not as bad as a frrlceosuoe. You need...
  • Tyler Mills, Lenders go into overdrive to clear out backlog of delinquent mortgages: Instead of forcing out the...
  • Tyler Mills, Lack of housing inventory is getting ridiculous in Boston: Though inventory being down is really...
  • warren currier, ‘Boston’s faux housing boom’: Scott, Do you own any units in Boston? Supply /...
  • Nishant, Major Developers: Affordable homes can only be built outside downtown Boston: Yes, this is correct that...
  • warren currier, Done deal: Dr. Dre buys Tom and Gisele’s mansion for $40M: The property is located in LosAngeles,...
  • JS, Despite predictions, inventory of homes for sale continues to fall in Mass.: One thing that could be holding...
  • dcmhomebuyers, For 74 Beacon Street, it was the kitchen, stupid: Nice house. I think front section to location of...
  • Johnd478, Five signs you’re a ‘renter for life’: I just couldnt depart your site prior to...
  • Dionis Padron, Downtown condo prices now averaging near $1 million each: great article but prices for standalone...
  • John Ford, Charles Ponzi’s old Lexington home for sale at $3.3M: That’s a great idea. Anyone have an idea how...
  • Rich, Charles Ponzi’s old Lexington home for sale at $3.3M: Speaking of Mr. Ponzi, he ran his Ponzi scheme out of an...
  • amparo bracero, Big changes in store for Tremont Street?: I will love to comunicated my self with aida I was one of...
  • warren currier, Low mortgage rates may partly explain low inventory: The banks are making it very hard to get a loan....

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