House Passes Expiring Use Bill Unanimously – October 28, 2009
Click here to view the bill.
Click here to view a section by section summary of the expiring use bill.
Click here to read CHAPA press release.
Number of Foreclosure Deeds in MA Drop in August (Banker and Tradesman) – September 22, 2009
Fewer Bay State properties were foreclosed on in August compared to the prior month and August 2008, according to The Warren Group, publisher of Banker & Tradesman.
There were 658 foreclosure deeds recorded in August, down 34.5 percent from 1,005 in August 2008 and 4.4 percent lower than the 688 deeds in July, according to WarrenGroupForeclosures.com. Foreclosure deeds are the final step in the process and represent completed foreclosures. A total of 6,076 foreclosure deeds were recorded in the first eight months of 2009, a 31 percent drop from 8,811 last year.
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Land Court Judge Reaffirms Wide-Ranging MA Foreclosure Decision (Banker and Tradesman) – October 14, 2009
Thousands of foreclosed homes continue to have clouded titles after Judge Keith Long of the Massachusetts Land Court reaffirmed his March decision stating lenders without properly accorded assignments cannot foreclose.
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Massachusetts Home Sales Jump 12% in July (Banker & Tradesman) – August 25, 2009
Bucking a six-month trend of falling home sales, Bay State home sales shot up nearly 12 percent in July year-over-year while the decline in median home prices narrowed, The Warren Group reported today.
“This is a much-needed boost for the state’s housing market,” said Timothy M. Warren Jr., CEO of The Warren Group, publisher of Banker & Tradesman. “We haven’t had a double-digit gain in monthly home sales since last October. And the declines in home prices have been getting smaller every month.”
Warren said low interest rates, reduced prices, the first-time homebuyer tax credit and improved consumer confidence helped fuel buyer interest in late spring which led to an increase in closed sales in July.
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MA Foreclosures Drop 30% Compared to 2008 (Banker & Tradesman) – October 20, 2009
Lenders started and completed more foreclosures in Massachusetts during the third quarter than the previous quarter, but foreclosures have declined almost 30 percent year-over-year, according to a new report by The Warren Group.
A total of 2,048 foreclosure deeds were recorded from July through September, a 3.9 percent increase from the 1,971 in the second quarter. But foreclosures dropped 29.4 percent from 2,903 in the third quarter of 2008. There were 702 foreclosures in September up 6.7 percent from 658 in August and down 12.1 percent from 799 in September 2008. Year-to-date foreclosure deeds fell 29.5 percent to 6,778 from 9,610 the prior year.
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