Investors, business owners and entrepreneurs may be able to find a new store front, commercial lot, warehouse or manufacturing facility for only the cost of taxes. Earlier this week 29 properties were put up for auction in Springfield including 11 residences, 15 residential lots and three commercial lots. City governments often hold auctions for properties that have become city owned due to non-payment of taxes. They are called tax-title accounts.
In August of last year a married couple received a building permit allowing them to replace the indoor riding arena on their 20-acrea farm after the previous winter's heavy snows caused it to collapse. They moved forward with the construction until they received a stop work order from the Berlin Township building inspector last November.
Last week the Worcester company Saint-Gobain was tapped with the U.S. Environmental Protection Agency's Energy Star Sustained Excellence Award for the second year in a row. The manufacturer and producer of products and materials for economical and energy-efficient buildings employs 1,300 people at our local plant. The EPA cited energy efficiencies established by Saint-Gobain last year that resulted in a 3.6 percent reduction in energy intensity and the elimination of 116,063 tons of carbon dioxide emissions.
Massachusetts foreclosure activity on residential homes saw a double digit increase in January as lenders started ramping up their activity again. Due to the numerous problems with the foreclosure process last year, including the "robo-signing" of documents and the mounting questions over who actually held the mortgages, banks slowed down the number of foreclosures it initiated in order to review their foreclosure processes.
Have you ever hired somebody to do some home improvement or contracting for you, only to wind up with piles of lumber or landscaping rock left in your driveway? If you have, you are not alone. Last year, the Massachusetts Better Business Bureau and other state and federal agencies received more complaints about contractors than any other consumer grievance. Used cars, foreclosure schemes and insurance policy complaints rounded out the top consumer disputes filed in 2011 throughout the state.
With mortgage rates near 60-year lows, first-time Massachusetts homebuyers might be wondering if now is the right time to buy. Although the residential real estate market is not exactly booming and prices are somewhat depressed, these low interest rates and the improving economy point to the possibility of an increase in residential real estate transactions this spring.
When billions of dollars and world-renowned brands are involved, more than the stock market numbers are at risk. Corporate reputations and the possibility of doing future business with new partners are also at stake. That's why developing contracts that protect the livelihood of your Massachusetts company, now and in the future, are vital.
A recent $318 million mortgage settlement between state attorneys general and five of the nation's largest mortgage loan originators have some Massachusetts homeowners applying for financial relief. The agreement is supposed to split the settlement amount between current and past Massachusetts homeowners, however most of them will not see any of it, according to the report.