Boston real estate foreclosures
About 1.1 million foreclosures are likely to result from jumps in monthly payments on adjustable-rate home-mortgage loans made in 2004 through 2006, according to a study by First American CoreLogic. Christopher Cagan, director of research at the...Boston real estate foreclosures
Well, that was fast. This is the way stories go in the new world. There are rumors, an undercurrent about some premise. Then, a couple stories in the media about the original premise. Then, massive stories in the media about the original premise. Then, stories...Boston real estate foreclosures
What is a “short sale” property? In a short sale of a home, a lender allows the property to be sold for less than the total amount due. In many cases, the lender forgives the remaining debt. During the past several years, there wasn’t any reason for...Boston real estate foreclosures
Lots of people throw around statistics. I am skeptical of most of them (the statistics, not the people). Regarding foreclosures, I’ve never trusted the data put out by ForeclosuresMass.com; I’m sorry, but I’ve just been skeptical of them. I...Boston real estate foreclosures
From the Herald: With Boston home foreclosures up 10-fold since 2004, city and banking leaders are unveiling a $100 million effort to help tapped-out residents keep their properties. Citizens, Eastern, Mount Washington and Sovereign banks are joining Bank of America...