Massachusetts’ Division of Banks (MDB) received two formal complaints from a non-profit specialist in foreclosure prevention against Your Home Mortgage (YHM).  YHM is also the subject of a lawsuit initiated by Greater Boston Legal Services (GBLS) for alleged discrimination and unfair and deceptive practices against a YHM client, Jaime Alvarez.

Alvarez used Maurice Osorno, a broker for YHM, to purchase his home.  Alvarez said that he and Osorno are both from the same country and that he trusted Osorno, because he [...]

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The Warren Group, a 137 year old real estate and financial information company based in Boston, stated that sales in the state of Massachusetts were off in February. Way off.

They reported that a total of 866 condos were sold in the state in February. This was down an amazing 30 percent from the 1,236 that were sold a year earlier. Coupled with this news was their statement that the median condo price fell 14 percent to $220,000 from $255,750 [...]

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The Massachusetts Association of REALTORS® recently released some statistics about February residential home sales in the state.   And while units sold in February of 2009 were indeed lower than the same month in 2008 – there was some information that seemed to us to suggest a couple of potential bright spots in the state’s real estate landscape.

First, inventory of both Single Family Homes and Condominiums was down on a year over year basis in February of 2009.  And this [...]

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