Twenty of your neighbors lost their homes to foreclosure this week, in the city of Boston.
Address, mortgage date, loan amount, property/loan details
347 Border St, East Boston, 2005, $396,000, three-family property purchased for $555,000, original loan was $111,000, refinanced at least once.
2-4 Ogden St, #2, Dorchester, 2006, 293,679.35, condominium, two loans taken out for total of $335,000 on this one home (apparently, 100%-financing).
66 Leonard St, Dorchester, 2005, $243,608.12, single-family home, two loans were taken out for $232,000 and $58,000; apparently, only the first loan is in default (not that it matters).
82 Julian St, Dorchester, 2006, $283,500, single-family home, two loans were taken out for $312,000 and $78,000 originally; apparently, only the first loan is in default (not that it matters).
10 Williams St, #12, Roxbury, 2005, $263,706.58, condominium, original loan for $147,920, refinanced at least once, last loan of $306,000 taken out in 2005.
251 Lexington St, East Boston, 2005, $402,332.27, three-family property, originally purchased for $545,000, with at least one $136,250 loan, perhaps more, refinanced at least once, loan outstanding of $495,200 at one point.
80 Seaver St, Roxbury, 2006, $431,833.00, two-family property, brand-new, original purchase price was $528,000 with two loans, 100%-financing.
81 Wheatland Ave, Dorchester, 2005, $351,000.00, two-family property, original loan $112,500 in 1996, refinanced at least once, last loan for $365,000, in 2005.
32 Greenwich St, Dorchester, 2005, $298,350.00, single-family home, original purchase was for $410,000, original loan was for $328,000.
605 East Seventh St, #1, South Boston, 2006, $342,000.00, condominium, original loan was for $385,000; owner may have bought three-family property earlier and sold off two of the three units at that address.
10 Shafter St, Dorchester, 2004, 286,243.00, SEE FOLLOW-UP STORY.
34 Schuyler St, Dorchester, 2006, $510,000, three family property, original purchase price was $572,000, original loan amount was $500,000.
1615-1615A Dorchester St, Dorchester, 2005, $0.00, investor properties, loans for at least $1.3 million. *** NOT SURE IF THESE ARE FOR SALE RIGHT NOW – IF SO, SOMEONE SHOULD BUY THESE.
78 West Cottage St, #2, Dorchester, 2004, $265,000, condominium, owner may have owned more than one unit in that building and another one may have been through foreclosure.
911 Hyde Park Ave, Hyde Park, 2006, $572,241.42, three-family property, original purchase price was $670,000, original loan was for $536,000.
339 Centre St, Jamaica Plain, 2005, $493,000.00, three-family property, original purchase price was $600,000, original loan was for $480,000.
18 Holiday St, Dorchester, 2004, $314,500, original purchase was for $370,000, original loan was for $314,500.
150 Draper St, #1, Dorchester, 2006, $153,000.00, condominium, original loan was for $200,000, two of the units in this building are in foreclosure; appears owner was developer of condo conversion and sold off one of three units, earlier.
546 Bennington St, East Boston, 2005, $275,000, three-family property, original purchase price was $509,000,original loan was for $407,200 and another for $101,800, 100% financing, not clear which loan is in foreclosure.
19 Williams Ave, Hyde Park, 2006, $278,000.00, two-family property, investor property, original purchase price was for $403,000, original loan was for $362,700, refinanced several times into other loans.
( ** Note bene: the address information should be accurate; however, the dollar figure may be inaccurate – the borrower may have made partial payments, there may have been additional loans, and/or the data entered into the registry may be incorrect. Also, the bank may have added penalties, interest, and fees to the outstanding loan balance. I tried to be accurate. **)
Source: Suffolk County Registry of Deeds
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Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs
In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.
For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.
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