With all the bad news in the real estate market today, there’s a ray of hope shining in Massachusetts.

While the number of foreclosure petitions filed is rising, finalized mortgage foreclosures are declining across the state.

Statistics compiled by the Boston-based Warren Group, a provider of real-estate data, revealed that so far this year, 385 foreclosures have been finalized in Massachusetts. That’s down from the 582 completed this time last year. In June of this year, a total of 41.67 [...]

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The statewide foreclosure rate in Massachusetts fell four percent in February of 2009 when compared to February of 2008.  This is a promising sign for the Boston area as well as the entire state of Massachusetts.  The huge amount of bank repossessions that has thrown the Boston real estate market into chaos over the last few years finally appears to be slowing down.

It is estimated that roughly 823 foreclosure actions were filed in February of this year, compared with the [...]

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As if the economy isn’t bad enough and homeowners don’t need to worry about keeping their job and a roof over their head. Now it’s being reported in the Boston Globe that scammers are preying on resident of Massachusetts that were facing possible foreclosure on their homes.

Apparently four defendants are involved in the scam in which they offered to help homeowners negotiate loan modification if they were paid as much as $2000 up front. The complaint claims the company [...]

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