Scott and Larry Kudlow tackle the thorny issue of housing prices and the federal government’s latest plan to modify mortgage plans to keep struggling homeowners afloat. Both have identified the problem: Many homeowners are still “under water” in terms of the values of their homes purchased at the peak of the market and the values [...]

Faster than you can say “eeni meeni miny mo” when guessing where the foreclosure market is going, the Globe comes out with a story saying it’s going to get worse soon: Massachusetts could face a second wave of foreclosures as tens of thousands of distressed and bank-owned properties hit the market, slowing the state’s nascent [...]

Foreclosure filings in the U.S. fell for the second straight month in February — and last month’s filings represented the smallest year-over-year annual increase in four years. But wait (and there’s always a wait). New laws by states may be hindering and slowing down foreclosure filings, masking the true extent of the problem by putting [...]

Economists and housing experts are rightly concerned that many people will pull a “walk away” if the value of their homes fall too far below their actual mortgage prices. It’s a real problem that could flood the market with even more foreclosed homes. But the Boston Business Journal has a terrific article about how Massachusetts [...]

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The owners of the iconic Stuyvesant Town and Peter Cooper Village in New York are handing over the keys to the giant middle-class housing project in Manhattan. When individual homeowners can’t pay their mortgage bills and creditors have to step in, they call it a “foreclosure.” When investment companies can’t pay their mortgage bills, they [...]

The foreclosure mess shows signs of stabilizing, for now, across the state. But the Cape Cod Times dug deeper into the numbers and found all is not well in its part of the commonwealth. The opening tale of the auctioneer showing up at a woman’s home is pretty brutal. Can you imagine waking up, sipping [...]

When a condo is sold in a foreclosure, very often it is full of junk. Across the country, crews are hired to haul away what’s left in foreclosed homes, removing any sign of a home life, or what is called in the industry as a “trash out.” Well, a trash out in Las Vegas went [...]

Foreclosures in affluent towns in Massachusetts are on the rise. They’re not tied to subprime mortgages. They’re instead tied to the economy and the stubbornly high 8.8 percent unemployment rate. The numbers are relatively low right now. But if the economy doesn’t improve soon, they’ll probably increase in numbers. Preliminary filings indicate that’s exactly what’s [...]

Home foreclosures continued to rise in the third quarter as even once-solid borrowers increasingly fell behind on their mortgage payments. For the first quarter ever, the number of homes in foreclosure with mortgages serviced by U.S. national banks and savings and loans topped the 1-million mark, according to figures released Monday by the Office of [...]