Foreclosures are occurring at a record-breaking pace in Massachusetts, according to ForeclosuresMass, a provider of foreclosure data based in Framingham, Mass.The company said 4,891 foreclosures were recorded in the third quarter, up 66% from the level of a year earlier and 140% from that of 2004. Foreclosures this year in Massachusetts "have already surpassed the number of foreclosures in all of 2005," said Jeremy Shapiro, president and co-founder of ForeclosuresMass. "Every corner of the state is being impacted by this incredible surge." The company can be found online at http://www.foreclosuresmass.com.
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Lenders are still frequent targets of the class action complaints over unwanted mortgage solicitations, violations that have netted litigants big paydays.
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Cities in two southern states dominate the list for real estate, affordability, and quality of life, according to WalletHub.
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Jay Farner takes a majority ownership stake in Detroit's professional soccer franchise through the investment group he launched after leaving Rocket in 2023.
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The major government-related secondary-market loan buyer is moving to a new approach that mortgage companies can start transitioning to later this year.
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Short-sale transactions increased 4% from 2023 to 2024, nearly 10% from 2024 to 2025 and about 16% annually in the first quarter of this year, according to Realtor.com.
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The 30-year fixed rate loan average is at its highest since August, while the 15-year is now above where it was one year ago, Freddie Mac found.
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