All Posts Tagged With: "foreclosure"

post thumbnail

More Banks May HAVE to Sell at Foreclosure

It is the norm for big banks foreclosing in Massachusetts to use the process simply as a title clearing procedure. The way it works is that there is minimal marketing and the bid process involves the foreclosing attorney “bidding the debt” or bidding the full amount that the bank has into the property. Very often [...]

12May2008 | Brecht Palombo | 0 comments | Continued
post thumbnail

Massachusetts Foreclosures Break Another Record

I want to stop writing this type of headline quarter after quarter. This news from a press release just out from foreclosuresmass.com. This comes on the heels of the National Association of Realtors report that pending home sales dropped to a new low…which was immediately followed by a report, from the same organization, that said that home sales were going to improve over the summer.

8May2008 | Brecht Palombo | 0 comments | Continued
post thumbnail

Bad Loans Piling Up at Local Banks

Last week I reported that Massachusetts’ banks are realizing growing default balances in their loan portfolios. This week the BBJ is reporting the same.
On Friday I was contacted by a guy in the industry whom I met at a number of the larger auctions we’ve held over the last year or so. He is in [...]

5May2008 | Brecht Palombo | 0 comments | Continued
Older Entries