New MA Foreclosure Law
With local foreclosures on the rise for the past few years, the Massachusetts Legislature has decided to take a stand. A new law, signed into law on August 7, protects residential tenants in foreclosed properties from being evicted except for reasons of “just cause.” The law also temporarily extends a defaulting mortgagor’s 90-day “right-to-cure” to [...]
Median Home Prices Rise in Mass.
According to a new report from The Warren Group, February single-family home sales in Massachusetts jumped 8.4 percent compared to a year earlier, marking the third consecutive month of year-over-year increases in prices. The median price for a single-family home jumped from $249,000 in February 2009 to $269,950 in 2010. In addition, the year-to-date median [...]
