Boston Luxury Residential

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Real Estate Agent - Boston Luxury Residential

ARCHIVED BLOG POSTS

2010 

An increasing number of buyers of foreclosed homes are finding that they can’t close on the property because the foreclosure — and the sale — is derailed by a problem with the foreclosure paperwork.“Many of these transactions will probably never close,” said Greg Rokeh, a manager of bank-owned re...
11/29/2010
Nationwide mortgage applications for home purchases rose to their highest level in more than six months last week, buoying activity otherwise weighed down by waning refinancing, an industry group reported on Wednesday. The Mortgage Bankers Association's (MBA) seasonally adjusted purchase applicat...
11/24/2010
Boston Red Sox pitcher John Lackey, and his wife Krista, have purchased a condominium at 334 Beacon St. in Boston for $2.05 million. The two-bedroom, one-bathroom condo was last assessed for $304,700, according to The Warren Group, publisher of Banker & Tradesman. The home was purchased from Davi...
11/22/2010
The foreclosure process is getting longer and longer. According to statistics from LPS Applied Analytics:· Delinquent loans in five judicial-process states spend more than 500 days in the foreclosure pipeline with the average time in process at 358 days, a week short of a full year.· In the case ...
11/19/2010
The owners of the former Filene's site in Boston's Downtown Crossing will need to submit a new project proposal if they plan to build anything on the blighted street corner. Frustrated by the lack of progress at the site, the Boston Redevelopment Authority (BRA) issued a letter today to Boston Gl...
11/18/2010
 Houses that will sit empty through the winter need attention to avoid frozen pipes, reports Long Island American Water, which is part of American Water, the largest investor-owned U.S. water and waste water utility company.The company offers these tips for ensuring that pipes don’t burst:· Searc...
11/17/2010
I have been to a few auctions in the last few months. How people behaved was very surprising. The myth that there are no buyers out there is just a myth. Nowhere else have I seen so many people clamoring to scoop up what they thought were GOOD DEALS, even though the numbers DO NOT support that.I ...
11/16/2010
Widespread problems in how the nation's lenders documented foreclosures could spark a wave of legal challenges resulting in massive losses to banks and serious new troubles for the housing market, a federal watchdog warned today. The Congressional Oversight Panel, the overseer of the government's...
11/16/2010
Banks under fire over their foreclosure practices face twin hearings in Congress this week, at which they will come under renewed pressure to find ways to keep borrowers in their homes. The hearings on Tuesday and Thursday will include the first appearances by executives from major lenders like B...
11/15/2010
Seiji Ozawa, the longest-serving music director in Boston Symphony Orchestra history, has sold his Newton home for $5 million. Ozawa, and his wife Vera, sold the 2,028-square-foot, contemporary style home at 33 Crestwood Road to Jennafer Inker late last month. The Ozawas purchased the three-bedro...
11/12/2010
Rainmaker
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C.H. Naamad

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