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Massachusetts State Profile
the construction industry and two major service sectors led Massachusetts job growth. The Massachusetts economy added 15,900 new jobs from fourth quarter 2004 through fourth quarter 2005, a gain of 0.5 percent. Construction employment led growth during the year...
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Finding Opportunity in the Massachusetts Real Estate Market: Pre-Foreclosures
In any real estate market -specially in areas in which home valuations are facing downward pressures (i.e., high unemployment levels, overpriced housing markets, or high levels of adjustable-rate mortgages), a certain portion of homeowners will be in default of their mortgage payment or facing foreclosure.
Mortgage loan default can occur dues to many reasons: job loss, divorce, health issues. Numbers of mortgage lenders practices have contributed to default rates due to the introduction of mortgage products that were projected to lower monthly loan payments and to help borrowers qualify for larger loan amounts, while others involved little in the way of documentation during the approval procedure. These riskier loans have made it easier for some people to get mortgage loans, but they also can raised the possibility that some borrowers may end up in foreclosure...
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Your Massachusetts Pre-foreclosure Resource site.
Finding Quality Pre-foreclosure Listings
Pre-foreclosure listings are public information and generally available at the local recorder's office. Therefore, in evaluating foreclosure-listing services, the quality of the listing or "freshness" is important.. A free listing service will only give you scanty information about which homes are going for pre-foreclosure but a paid service will give you much detailed information needed to proceed with the sale or investment of the property. Try a number of pre-foreclosure listings sites and evaluate which offers the best most current listings
| Trial? | Updated? | Rating | Link |
| 7 days | Daily/Weekly | ***** | RealtyStore.com |
| 1 Week | Weekly | **** | Bargin.com |
| 1 Week | Weekly | **** | RealtyTrac.com |
| 7 days | Weekly | *** | Foreclosurenet.net |
| 3 days | Monthly | *** | Foreclosure.com |
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Massachusetts Foreclosure Law
- Judicial Foreclosure Available: Yes
- Non-Judicial Foreclosure Available: Yes
- Primary Security Instruments: Deed of Trust, Mortgage
- Timeline: Typically 90 days
- Right of Redemption: No
- Deficiency Judgments Allowed: No