Buy Foreclosures for Profit

Foreclosure accord is a key step toward homeowners' relief, banks' accountabilityBoston Globe13 op-ed “Who loses in foreclosure settlement?'' trumpets the standard criticisms of this effort to provide lawful loan servicing. He fails to acknowledge any of the settlement's benefits, and makes no alternative suggestions on mitigating the …Foreclosure crisis continues to weigh on US economyWorcester [...]

The Boston Globe Who maintains foreclosures?The Boston GlobeThe two companies have resisted efforts to staunch the flow of foreclosures and turn the country's hobbled housing market around. Now, they're in court, waging an absurd fight against the notion that they should have to maintain the homes they seize. …Federal Government Needs to Send a Clearer [...]

The Boston Globe Coakley targets foreclosuresThe Boston Globe“The single biggest thing we can do to spur economic recovery is to address the foreclosure crisis,'' Coakley said. Attorney General Martha Coakley, calling the foreclosure crisis a key challenge to the state's economic recovery, …Coakley: proposed law would help lower number of foreclosuresBoston.comall 22 news articles » View [...]

SJC puts foreclosure sales in doubtBoston GlobeThey are left with no easy recourse; among their options are to sue the lender behind the botched foreclosure or “reforeclose'' on the prior owner. “It leaves us nowhere,'' said Edward M. Bloom, president of the Real Estate Bar Association for …State Rules on ForeclosureWall Street JournalMass. court rules [...]

Aug. data signal lenders stepping up foreclosure actionBoston GlobeMore than 900 Massachusetts homeowners lost their properties to foreclosure in August, the highest monthly total this year and another sign that lenders are revving up their efforts to take back properties from people who aren't …Foreclosures in Massachusetts reached new peak for 2011 last monthThe Patriot [...]

Mass. foreclosures hit highest monthly level of 2011Boston GlobeMassachusetts foreclosures reached their highest monthly level so far this year, with 937 foreclosure deeds recorded in August, the Warren Group reported today. But that total was more than 22 percent lower than the total in …Report: Foreclosure deeds hit high in AugustBizjournals.comMass. faces 'glut' of home [...]

Fannie Mae cited for failing to stop robo-signingBoston GlobeThe practices, known collectively as "robo-signing," resulted in a suspension of foreclosures last fall and a probe by all 50 state attorneys general into how corners were cut to keep pace with the crush of foreclosure paperwork. …Report says Fannie Mae missed catching law firms illegally signing [...]

Data indicates Marblehead foreclosures slowingBoston GlobeBy Matt Byrne, Town Correspondent The pace of foreclosures in Marblehead has slowed, new housing data shows, with auctions, new petitions for foreclosure, and completed proceedings against homeowners all down so far this year compared to last. …Foreclosures Weigh Heavy On Central Mass.Worcester Business JournalNew Mobile App Helps Homeowners Fight [...]

Somerville foreclosures continue decline in JulyBoston GlobeBy Matt Byrne, Town Correspondent Homeowners in Somerville fared better this July than they did during the same month last year, new housing data shows, as the number of foreclosure filings, bank auctions, and completed foreclosure proceedings …and more » View full post on foreclosures – Google News

Foreclosure petitions rise in JulyBoston GlobeMore than 1400 Massachusetts homeowners went into foreclosure in July as lenders began to speed up their efforts to seize properties, according to data released yesterday. Warren Group, a Boston company that tracks local real estate …Foreclosure proceedings in July are highest in 2011The Patriot LedgerCompleted Foreclosures Down in Wrentham, [...]