Click here to read the letter from the Building Blocks Coalition.
Housing News
June 21, 2011
Law expands aid for homeowners facing foreclosure, creates new protections for renters in foreclosed buildings
June 21, 2011
On Saturday, August 7, 2010, Governor Patrick signed into Law An Act Relative To Mortgage Foreclosures (the “Act”) as Chapter 258 of the Acts of 2010. The Act has fourteen SECTIONS which address six separate and distinct purposes relating to foreclosures and mortgages. SECTION 7 of the Act completely rewrites the 90-Day Notice of Right To Cure A Default law that was passed in 2007. It does so by striking out the existing provisions of section 35A of Chapter 244 of the General Laws and inserting a new section 35A (“Section 35A”).
June 21, 2011
The region’s rental market has tightened in recent months, with apartment vacancies falling and rents rising for the first time since the beginning of the economic crisis.
Analysts said the changes, while small, signal a market shift that is making apartments harder to find and afford when many families are struggling with lost jobs, lost homes, and pay cuts.
Click here to read the full article.
June 21, 2011
Click here to view the Federal Register Notice from August 4, 2010.
Click here to view the FY2011 Proposed Fair Market Rents.
June 21, 2011
State Updates
2009-2010 Legislative Session Comes to a Close
June 21, 2011
Please click here for more information.
Text of the Act can be found here.
June 21, 2011
BOSTON, July 29, 2010 --- If you're a regular reader of Foreclosure Monitor, you know that every quarter, we crunch foreclosure data by community, zip code and census tract.
This can help tell us where the problem is moving, what neighborhoods are stabilizing and where support may be needed. Read our latest full report and see our top 20 charts on which neighborhoods are rebounding and which areas are having increases in foreclosures.
If you don't have time now, here are the headlines:
Legislature Sends An Act to Stabilize Neighborhoods to the Governor for His Approval - July 29, 2010
June 21, 2011
On July 28, 2010, the Legislature enacted S. 2407, An Act to Stabilize Neighborhoods. S. 2407 is a set of focused and practical tools that addresses various aspects of the foreclosure crisis. This legislation accomplishes the following:
June 21, 2011
More than 5,700 single-family homes sold in Massachusetts in June, the highest amount for any month since June 2006, according to the latest report by The Warren Group, publisher of Banker & Tradesman.
Single-family home sales increased 28 percent in June, the fifth straight month of double-digit percentage increases. A total of 5,726 single-family homes sold in June, up from 4,457 a year earlier. Sales volume hasn't come this close to 6,000 since June 2006, when there were 6,152 sales.