January 2010 Archives

478 new foreclosures were filed in Massachusetts over this past week, ending Friday, January 29, 2010, 35 more new foreclosed properties than last week with 443 new foreclosure filings.

Broken down by county, Barnstable County had 36 foreclosures, Berkshire County had 6 foreclosures, Bristol County had 37 foreclosures, Dukes County had 3 foreclosures, Essex County had 80 foreclosures, Franklin County had 6 foreclosures, Hampden County had 40 foreclosures, Hampshire County had 7 foreclosures, Middlesex County had 56 foreclosures, Norfolk County had 36 foreclosures, Plymouth County had 49 foreclosures, Suffolk County had 47 foreclosures, and Worcester County had 75 foreclosures.

The biggest movers from last week to this week were Berkshire County (200% increase, 2 -> 6), Hampshire County (133% increase, 3 -> 7), and Essex County (60% increase, 50 -> 80).

443 new foreclosures were filed in Massachusetts over this past week, ending Friday, January 22, 2010, 25 more new foreclosed properties than last week with 418 new foreclosure filings.

Broken down by county, Barnstable County had 27 foreclosures, Berkshire County had 2 foreclosures, Bristol County had 37 foreclosures, Dukes County had 4 foreclosures, Essex County had 50 foreclosures, Franklin County had 5 foreclosures, Hampden County had 37 foreclosures, Hampshire County had 3 foreclosures, Middlesex County had 69 foreclosures, Nantucket County had 3 foreclosures, Norfolk County had 40 foreclosures, Plymouth County had 49 foreclosures, Suffolk County had 39 foreclosures, and Worcester County had 78 foreclosures.

The biggest movers from last week to this week were Hampshire County (200% increase, 1 -> 3), Franklin County (150% increase, 2 -> 5), and Nantucket County (50% increase, 2 -> 3).

418 new foreclosures were filed in Massachusetts over this past week, ending Friday, January 15, 2010, 140 more new foreclosed properties than last week with 278 new foreclosure filings.

Broken down by county, Barnstable County had 26 foreclosures, Berkshire County had 7 foreclosures, Bristol County had 50 foreclosures, Essex County had 55 foreclosures, Franklin County had 2 foreclosures, Hampden County had 25 foreclosures, Hampshire County had 1 foreclosures, Middlesex County had 55 foreclosures, Nantucket County had 2 foreclosures, Norfolk County had 30 foreclosures, Plymouth County had 51 foreclosures, Suffolk County had 42 foreclosures, and Worcester County had 72 foreclosures.

The biggest movers from last week to this week were Berkshire County (250% increase, 2 -> 7), Essex County (120% increase, 25 -> 55), and Nantucket County (100% increase, 1 -> 2).

Foreclosures, Foreclosures, Foreclosures. That is a very popular term these days and yet folks are queasy about the investment real estate market.

Where do homeowners go when they lose their house?

Market rate housing or subsidized housing?

Traditionally, people do not have anything upon foreclosure and market rents are staying high in competitive markets. This leaves the affordable market as a great source for former homeowners.

A recent Associated Press Article outlined this crisis but also warned of another pending crisis.

278 new foreclosures were filed in Massachusetts over this past week, ending Friday, January 8, 2010, 93 less new foreclosed properties than last week with 371 new foreclosure filings.

Broken down by county, Barnstable County had 20 foreclosures, Berkshire County had 2 foreclosures, Bristol County had 30 foreclosures, Dukes County had 1 foreclosures, Essex County had 25 foreclosures, Franklin County had 2 foreclosures, Hampden County had 15 foreclosures, Hampshire County had 4 foreclosures, Middlesex County had 50 foreclosures, Nantucket County had 1 foreclosures, Norfolk County had 20 foreclosures, Plymouth County had 39 foreclosures, Suffolk County had 29 foreclosures, and Worcester County had 40 foreclosures.

The biggest movers from last week to this week were Norfolk County (5% increase, 19 -> 20), Hampshire County (0% decrease, 4 -> 4), and Nantucket County (0% decrease, 1 -> 1).

You have found your perfect deal. Now you are looking for a government grant or program to help you out.

This all requires a great team. Who is on your side?

My most common response to many who ask the question is that make sure you have a lawyer and accountant who know more than you.

Don't get into a position where you need to educate your vendors.

Are you finding deals are getting tougher to close with the new restrictions banks are pushing on applicants?

Is it taking longer to get a deal done? Have you stopped looking for new projects to acquire?

The last year has been a very difficult period in real estate history. Some markets have declined upwards of 50% in value with no light at the end of the tunnel. Not very good news if you started your "buy and hold" in 2007, but will certainly work better for you now in 2010 as you pick properties up for a fraction of their price three years ago.

371 new foreclosures were filed in Massachusetts over this past week, ending Friday, January 1, 2010, 27 less new foreclosed properties than last week with 398 new foreclosure filings.

Broken down by county, Barnstable County had 24 foreclosures, Berkshire County had 5 foreclosures, Bristol County had 32 foreclosures, Dukes County had 2 foreclosures, Essex County had 47 foreclosures, Franklin County had 3 foreclosures, Hampden County had 30 foreclosures, Hampshire County had 4 foreclosures, Middlesex County had 57 foreclosures, Nantucket County had 1 foreclosures, Norfolk County had 19 foreclosures, Plymouth County had 46 foreclosures, Suffolk County had 39 foreclosures, and Worcester County had 62 foreclosures.

The biggest movers from last week to this week were Berkshire County (67% increase, 3 -> 5), Hampshire County (33% increase, 3 -> 4), and Suffolk County (18% increase, 33 -> 39).