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 [...]
One-Fourth of Borrowers are Underwater
According to a recent report by research firm First American CoreLogic, more than 23 percent of U.S. homeowners with mortgages owe more on their properties than they are worth. Another 2.3 million homeowners are within 5 percent of being underwater. About 5.3 million U.S. households have mortgages that are at least 20 percent higher than [...]
