Massachusetts Foreclosed Homes

Boston Company Helps Homeowners Facing Foreclosure, Makes Money For Investors

Innovative Boston Community Capital keeps troubled homeowners in their homes while making a profit. The following NECN video (4:23) explains the unique program.

 

Watch this at NECN

Hundreds Of Properties Sold At Auction

A Boston hotel was the site for another multi-property auction of bank-owned properties on March 7, 2009. I have written about these multi-property auctions in the past. 

The following is an NECN video.

Rhode Island Foreclosure 'Actions' Surge

The number of foreclosure "actions," i.e., notices of default; foreclosure sale notices; and foreclosures, rose 50 in Rhode Island in August compared to August 2008, the Providence Business Journal reported September 12, 2008.

RealtyTrac, a provider of foreclosure information, reported the data.

Read The Providence Business Journal

Coakley Scores A+ For Foreclosure Crisis Response

Massachusetts Attorney General Martha Coakley has been recognized by the Association of Community Organizations for Reform Now (ACORN) for her office’s work in responding to the foreclosure crisis.

The group gave the Commonwealth's AG an A+ grade. Of the 51 attorneys general analyzed, only five received an A+ grade.

Connecticut's attorney general, Richard Blumenthal, also received an A+ grade. Rhode Island's AG, Patrick Lynch received a C- while New Hampshire's Kelly Ayotte had an "incomplete" grade. Maine's Steve Rowe received a F grade, and Vermont's AG, William Sorrell, also landed a F grade.

Read The Entire ACORN Report

Foreclosures To Slow Manchester-Nashua Economy

A report prepared for the United States Conference of Mayors predicts that the foreclosure crisis in the Manchester-Nashua New Hampshire area will decrease economic growth in 2008 by 1.4 percent in that metropolitan area, the Telegram, Nashua's newspaper, reported November 29, 2007. 

Only five other metropolitan areas were predicted to have a bigger reduction in economic growth. The survey covered 276 metropolitan areas. The Manchester-Nashua area's economy still is expected to grow 2.2 percent. A majority of the expected hardest hit areas are in California or Florida, where the housing market has been mercilessly pummeled.

Not everyone agrees with the report.

"'I have one word for that: nonsense,' said Peter Francese, director of demographic forecasting for the New England Economic Partnership in Waltham, Mass.

"'The idea that Manchester (and Nashua) ranks up there with California and Florida and Michigan metros is just silly,' Francese said."

At No. 6, the Manchester-Nashua, NH area is the only New England area in the 40 worst-hit regions; Bangor, Maine is 42nd, and Boston is 44th.

Read The Telegram Article