MA Foreclosures Drop 25 Percent
All you Boston real estate buyers looking for bank owned properties may want to start getting serious. The Massachusetts foreclosure rate is falling dramatically, more than 25 percent from 2008 to 2009 according to Warren Group, a company that tracks Massachusetts and Boston real estate.
The main reason for this drop may be the increase in [...]
Spectacular Foreclosure Deal Coming Up at the Regatta
A stunning two bedroom, two bathroom home at the Regatta Riverview Residences is headed to the foreclosure block. This corner-unit features spectacular Charles River and Boston skyline views from every window. The home can use some TLC, but comes with one garage parking space and has a comfortable, open floor plan. Building ammenities include 24-hour [...]
Nouvelle at Natick Auction Sells at Rock Bottom Prices
The auction of 43 luxury condos this past Sunday at Nouvelle at Natick was truly exceptional. Units sold for an average of $300/sf, that’s an average of 49 percent off the listed price! Some of the larger units sold with the highest discounts, some at a discount of a whopping 64 percent. After the auction, [...]
The Bryant On The Auction Block
This is an opportunity that South End seekers should not pass up! It was leaked to the Boston Herald today that the Bryant at 303 Columbus has been put up for auction. The date of the auction is unknown, however, people interested should contact Bushari Group Real Estate. We will pass along all the information as soon [...]
Foreclosure Auction…the Nouvelle at Natick
The Nouvelle at Natick has finally gone into foreclosure. I say finally because the complex was a hard sell for the developer from day one. The Nouvelle at Natick is a beautiful luxury complex attached to the Natick Mall. It has all the luxuries expected in a full-service building, including concierge services and a stunning [...]
Another Rash of Foreclosures Coming Soon
Some economic observers are predicting another wave of foreclosures later this summer or in the fall. That’s because lenders that have held off on foreclosures as part of President Obama’s plan will now move forward aggressively to clear the backlog of troubled mortgages.
Rising foreclosures will further depress home values, says Mark Zandi of Moody’s Economy.com, [...]
1850 Auction sells all 35 units
The auction was lots of fun to watch and i wasn’t surprised to see all 35 units sell. I suspected to see the units sell for about 75% of asking and i was almost right. The average went from 61% all the way up to almost 80% of asking with the majority of [...]
FHA and the Sub-Prime Monster
Many people agree that the problems we are seeing in the real estate market today were mostly caused by overly aggressive sub-prime lending. The banks and private sector lenders have been given a “get out of jail free” card thanks to President Obama’s huge bailout packages. The banks, people say, are simply “too big to [...]
U.S. Foreclosure Activity Decreases in May
Foreclosure filings — default notices, auctions and bank repossessions — were reported on 321,480 U.S. properties in May, a decrease of 6 percent from the previous month but an increase of nearly 18 percent from May 2008, according to RealtyTrac, an online marketer of foreclosed properties. One in every 398 homes received a foreclosure filing [...]
The End of an Era, The Beginning of an Epic
THE END OF A WASTEFUL ERA It’s about time we’ve ended the era of careless spending, precarious debt and risky trading. Three major structures: the credit market, the banking market and the political machine have poisoned the heart and soul of the American economy. The heart, which pumped the life-blood into our economy, was tainted through several [...]
