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Foreclosures FORECLOSURE NEWS ITEMS


Massachusetts foreclosures climb for second straight month
Source: Informa Research Services

(05/20/2011) The number of foreclosure petitions filed in the state of Massachusetts in April rose once again, indicating that the problem may not stop for several more months.

The latest study from the real estate tracking company the Warren Group showed that April saw 1,192 foreclosure petitions filed in the Bay State, an increase of 14% from March, and the highest total in a single month since September, according to a report from the Boston Globe. These petitions typically come after a homeowner falls three months or more behind on their mortgage payments.

Foreclosure can be troubling for homeowners, but can also be avoided through refinancing an existing home loan. By seeking the latest online rate tables to obtain the best local mortgage rates, consumers can save hundreds of dollars a month on their home loan payments.

"Banks are picking up their foreclosure activity," said Nadine Cohen, a managing attorney for a nonprofit that works with low-income clients, told the newspaper. "The economy is never going to improve until we deal with the foreclosure crisis."

Despite the in foreclosure, the number of petitions filed in Massachusetts so far this year is still 58.6% lower than last year, the report said.



 

 

 




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Foreclosure

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  • Foreclosure Problem - Homeowners Underwater
  • Straw Buyers Aggravates Foreclosure Problem
  • Relief for Distressed Homeowners
  • Foreclosures Hit Record Highs
  • Foreclosure Rate Continues to Climb
  • Foreclosed Homes Selling at Fire Sale Prices
  • FDIC Floats New Foreclosure Prevention Plan
  • Alt-A Mortgages Reset, Start Second Wave of Mortgage Fallout
  • Foreclosures Rise, Congressman Calls for Moratorium
  • Foreclosure Prevention Plan Expands
  • Sales Up, But Foreclosures Hit Record Highs
  • Foreclosures Rise, along with Borrowers Helped by Refinance Program
  • Foreclosures Set Nine Month Record
  • The FHA on a Reckless Path of Another Taxpayer Bailout
  • Foreclosure Lifeline Thrown as TARP is Extended
  • Foreclosures in 2010 Could Get Interesting
  • Feds subpoena FHA lenders with high foreclosure rates
  • Foreclosure myths debunked
  • Foreclosures more cheaper than ever, but inventories falling
  • Alabama launches federal foreclosure assistance program
  • FHA 'Short Refi' under attack
  • Foreclosure assistance comes to California
  • Treasury official backs foreclosure program
  • Colorado contributes to foreclosure assistance
  • Mortgage lenders ordered to pay back homeowners for questionable foreclosures
  • Underwater homeowners taking on more water
  • Are fewer foreclosure numbers due to book cooking?
  • More banks spanked for foreclosure failures

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