Home
Leticia Carvalho's Library tagged → View Popular
Foreclosure Houses for Sale May Rise during Holidays
Foreclosure houses for sale may rise during the holidays in Brockton, Massachusetts due to continued job losses in the city. Foreclosure filings in the area reached its highest level in October.
Foreclosed Homes Listings Contained by Massachusetts City
Foreclosed homes listings in Fall River have not been rising as fast as in other Massachusetts cities because of the city's community programs. In contrast, foreclosure activity statewide increased in October.
Foreclosure Home Sales Affect Home Prices Differently
Foreclosure home sales certainly affect home prices, but the level of impact differs state by state, according to LPS Applied Analytics. The percentage of REO sales contributes to the difference.
Massachusetts Foreclosed Homes List Up in July
Lenders placed more Massachusetts properties on foreclosed homes list last month. The foreclosure activity in the state has been approaching historic high, according to industry experts.
New Hampshire Foreclosed Homes Listings at Risk of Growing
Many properties in New Hampshire are in danger of being placed on foreclosed homes listings. For the second quarter this year, mortgage delinquency rate in the state rose significantly compared with the same period last year.
Growing Trend: Multiple Offers for Foreclosures for Sale
The trend of multiple offers for foreclosures for sale is returning to many housing markets across the country. Banks and other sellers have been deliberately listing their properties at low prices to create a frenzy of home buying.
Melrose Crafts Law to Manage Foreclosure Homes for Sale
Melrose city officials are discussing a proposal that would require owners of vacant foreclosure homes for sale to register the properties with city hall. Fines would be imposed on owners violating the registration and maintenance ordinance.
Underwater Mortgages Driving Rise in Bank Repo Homes
Negative equity is driving the continued rise in bank repo homes, according to Deutsche Bank analysts. They predicted that 48 percent of all mortgages will be underwater by 2011.
Modifying Loans to Avoid Bank REO Properties Not Profitable
A study released by Massachusetts' Federal Reserve Bank of Boston concluded that lenders are lacking in their efforts to modify loans to help distressed homeowners avoid bank REO properties. This is because lenders would not gain profit from loan modification.
Restraining Order on Fraudulent Repo Homes Rescue Services
An out-of-state fraudulent repo homes rescue service with operation in Massachusetts was slapped with temporary restraining orders. Attorney General Martha Coakley accused this service of collecting unlawful fees from distressed homeowners and delaying loan modification negotiations.
Lender Pays $10 Million for Wave of Repossessed Houses
California-based mortgage lender Fremont General has signed a $10 million settlement with Massachusetts in connection with the state’s lawsuit charging Fremont of making predatory loans that contributed to the large numbers of repossessed houses in the state. Last month, the state also settled with Goldman Sachs to stop a state subprime lending probe.
New Jersey Home Prices Dropped as Foreclosed Homes Climbed
In March, home prices in New Jersey declined compared to home price levels in March 2008. Factors cited by analysts include the Wall Street collapse in September, the rising number of foreclosed homes, job losses, job security concerns and other additions to the housing inventory.
Settlement Hopes to Reduce Bank Foreclosed Homes for Sale
Massachusetts Attorney General Martha Coakley and Goldman Sachs arrived in a settlement that is expected to reduce the number of bank foreclosed homes for sale. Goldman agreed to lower by almost 35 percent the size of its subprime loans.
Massachusetts Cleans Up Private and Government Foreclosures
Governor Patrick launched a housing nonprofit to help local housing associations and private developers purchase houses in private and government foreclosures and then rehabilitate them for low-income buyers or renters.
Obama Set to Increase Funds for Foreclosure Relief
House Financial Services Committee Chairman Barney Frank said recently that the Obama administration will steer money to Foreclosure Relief funds.
House Urges Administration for Broader Measures against Foreclosures
Top legislators are threatening to hold the release of the second half of the $700 billion financial bailout plan unless portions of the fund are to be used for foreclosures.
Lawsuit Filed Challenging the Foreclosure Right of Two Lenders
Lenders GMAC Mortgage LLC and Deutsche Bank National Trust Co. have been sued to prevent them from enforcing foreclosures on two homes in Massachusetts.
Buyers’ Information on Home Inspection in Massachusetts
Useful information about home inspection is provided in this article that should be considered by Massachusetts buyers before making a final offer.
Foreclosed Homes Become Hazards
With Massachusetts foreclosures on the rise, local government, in some metrowest communities in the state, has been finding it difficult to deal with vacant homes which soon become safety hazards and eyesores.
Stop Foreclosures, Massachusetts Community Leaders Demand | Foreclosure News
A group of community organizers and religious leaders from Massachusetts are set to meet in Washington with federal officials to urge them to stop foreclosures across the country.
Selected Tags
Related Tags
Sponsored Links
Top Contributors
Groups interested in massachu...
-
Colonies
Roanoke Island, Jamestown, ...
Items: 2 | Visits: 7
Created by: Rachel Smith
-
Compatibility matters
The lessons of Massachusett...
Items: 6 | Visits: 10
Created by: Gary Edwards
Diigo is about better ways to research, share and collaborate on information. Learn more »
Join Diigo