Although a real estate attorney is usually called upon in the front-end of a deal, a recent story suggests that a legal professional could also provide counsel to residential or commercial owners facing foreclosure.
Although many aspects of the housing industry were affected after the subprime mortgage crisis of 2008, some commercial real estate companies responded by buying foreclosed properties in bulk. That institutional buying is credited with helping home prices to rise in many distressed markets.
Owning a home is something that many Worcester residents dream of doing in their lifetimes. After years of saving, watching the real estate market and deciding where they want to live, many people feel ready to put down hundreds of thousands of dollars just to earn a coveted title: property owner. Though parties can engage in real estate transactions in a number of ways, there are several tried and true methods of securing real estate purchases that can help buyers get into the homes of their dreams.
When Massachusetts residents fall behind on their mortgages they have many reputable options to turn to for finding financial guidance and support. Unfortunately, some dishonest individuals and organizations do exist and prey on struggling homeowners when they are most in need of help. Often times victims do not know they have been scammed until it is too late to save their residences.
The housing market in Worcester can be as volatile as a Massachusetts winter and people trying to sell their homes at the start of the calendar year can encounter some challenges with moving their properties. Though there are some steps homeowners can take to make their properties more attractive to potential buyers, a person hoping to execute a real estate sale can always choose to work with a real estate attorney to help successfully move the process along.
With the New Year rapidly approaching, residents of Worcester might be making resolutions. While some may hope to lose weight or find new careers, others may want to either sell their homes or become first-time home buyers. Experts in the real estate market have summarized some useful ways of successfully navigating a real estate transaction as either a buyer or a seller.
In what has become an ongoing debate between the city council and the city manager, the city of Worcester has taken one more step toward approving a mandatory foreclosure mediation program for some struggling homeowners and their lenders.
As anxious home buyers and sellers navigate their way through the Worcester real estate market, a new report on the state's foreclosure trends suggests that people all across Massachusetts are finding effective ways of managing their mortgage obligations.
Foreclosures are still happening all over the country as well as right here in Worcester. A local family has waged an impressive fight against their lender and mortgage owner in an attempt to avoid eviction.
As previously discussed on this blog, Worcester city council members have had very different views on the city's foreclosure policy than the city's manager. While some have supported implementing a city ordinance that would require homeowners with foreclosed properties to undergo mediation with their lenders, others have found the costs too high and the benefits too remote.