ForeclosuresMass Blog

New Foreclosures Filed in Massachusetts in Week Ending March 19, 2010

2010-03-19T12:17:27Z

new foreclosures were filed in Massachusetts over this past week, ending Friday, March 19, 2010, 0 less new foreclosed properties than last week with new foreclosure filings.

Broken down by county, .

The biggest movers from last week to this week were .
As the volume of foreclosures fluctuates from week to week, we much prefer to look at the number of new foreclosures over the past 60 days.

Over the past 60 days, the following number of foreclosures were started, by county:
Barnstable County, MA: 197 new foreclosures
Berkshire County, MA: 38 new foreclosures
Bristol County, MA: 347 new foreclosures
Dukes County, MA: 19 new foreclosures
Essex County, MA: 455 new foreclosures
Franklin County, MA: 47 new foreclosures
Hampden County, MA: 277 new foreclosures
Hampshire County, MA: 41 new foreclosures
Middlesex County, MA: 549 new foreclosures
Nantucket County, MA: 8 new foreclosures
Norfolk County, MA: 273 new foreclosures
Plymouth County, MA: 394 new foreclosures
Suffolk County, MA: 336 new foreclosures
Worcester County, MA: 562 new foreclosures

ForeclosuresMass Members have access to the latest foreclosed properties in the Members Only My Foreclosures section of the site.

That's all for this week. Stay tuned until next Friday when we bring you the latest stats on Foreclosures in Massachusetts - from your friends at ForeclosuresMass.com!

0 New Foreclosures Filed in Massachusetts in Week Ending March 12, 2010

2010-03-12T13:18:06Z

0 new foreclosures were filed in Massachusetts over this past week, ending Friday, March 12, 2010, 549 less new foreclosed properties than last week with 549 new foreclosure filings.

Broken down by county, .

The biggest movers from last week to this week were Barnstable County (100% decrease, 27 -> 0), Berkshire County (100% decrease, 7 -> 0), and Bristol County (100% decrease, 57 -> 0).
As the volume of foreclosures fluctuates from week to week, we much prefer to look at the number of new foreclosures over the past 60 days.

Over the past 60 days, the following number of foreclosures were started, by county:
Barnstable County, MA: 223 new foreclosures
Berkshire County, MA: 45 new foreclosures
Bristol County, MA: 397 new foreclosures
Dukes County, MA: 19 new foreclosures
Essex County, MA: 510 new foreclosures
Franklin County, MA: 49 new foreclosures
Hampden County, MA: 302 new foreclosures
Hampshire County, MA: 42 new foreclosures
Middlesex County, MA: 604 new foreclosures
Nantucket County, MA: 10 new foreclosures
Norfolk County, MA: 303 new foreclosures
Plymouth County, MA: 445 new foreclosures
Suffolk County, MA: 378 new foreclosures
Worcester County, MA: 634 new foreclosures

ForeclosuresMass Members have access to the latest foreclosed properties in the Members Only My Foreclosures section of the site.

That's all for this week. Stay tuned until next Friday when we bring you the latest stats on Foreclosures in Massachusetts - from your friends at ForeclosuresMass.com!

549 New Foreclosures Filed in Massachusetts in Week Ending March 5, 2010

2010-03-05T13:17:58Z

549 new foreclosures were filed in Massachusetts over this past week, ending Friday, March 5, 2010, 82 more new foreclosed properties than last week with 467 new foreclosure filings.

Broken down by county, Barnstable County had 27 foreclosures, Berkshire County had 7 foreclosures, Bristol County had 57 foreclosures, Dukes County had 2 foreclosures, Essex County had 67 foreclosures, Franklin County had 8 foreclosures, Hampden County had 38 foreclosures, Hampshire County had 9 foreclosures, Middlesex County had 79 foreclosures, Norfolk County had 47 foreclosures, Plymouth County had 59 foreclosures, Suffolk County had 57 foreclosures, and Worcester County had 92 foreclosures.

The biggest movers from last week to this week were Berkshire County (250% increase, 2 -> 7), Norfolk County (68% increase, 28 -> 47), and Hampshire County (50% increase, 6 -> 9).
As the volume of foreclosures fluctuates from week to week, we much prefer to look at the number of new foreclosures over the past 60 days.

Over the past 60 days, the following number of foreclosures were started, by county:
Barnstable County, MA: 243 new foreclosures
Berkshire County, MA: 47 new foreclosures
Bristol County, MA: 427 new foreclosures
Dukes County, MA: 20 new foreclosures
Essex County, MA: 535 new foreclosures
Franklin County, MA: 51 new foreclosures
Hampden County, MA: 317 new foreclosures
Hampshire County, MA: 46 new foreclosures
Middlesex County, MA: 654 new foreclosures
Nantucket County, MA: 11 new foreclosures
Norfolk County, MA: 323 new foreclosures
Plymouth County, MA: 484 new foreclosures
Suffolk County, MA: 407 new foreclosures
Worcester County, MA: 674 new foreclosures

ForeclosuresMass Members have access to the latest foreclosed properties in the Members Only My Foreclosures section of the site.

That's all for this week. Stay tuned until next Friday when we bring you the latest stats on Foreclosures in Massachusetts - from your friends at ForeclosuresMass.com!

467 New Foreclosures Filed in Massachusetts in Week Ending February 26, 2010

2010-02-26T13:17:36Z

467 new foreclosures were filed in Massachusetts over this past week, ending Friday, February 26, 2010, 55 less new foreclosed properties than last week with 522 new foreclosure filings.

Broken down by county, Barnstable County had 29 foreclosures, Berkshire County had 2 foreclosures, Bristol County had 41 foreclosures, Dukes County had 3 foreclosures, Essex County had 62 foreclosures, Franklin County had 9 foreclosures, Hampden County had 40 foreclosures, Hampshire County had 6 foreclosures, Middlesex County had 68 foreclosures, Norfolk County had 28 foreclosures, Plymouth County had 55 foreclosures, Suffolk County had 43 foreclosures, and Worcester County had 81 foreclosures.

The biggest movers from last week to this week were Hampshire County (100% increase, 3 -> 6), Barnstable County (32% increase, 22 -> 29), and Franklin County (29% increase, 7 -> 9).
As the volume of foreclosures fluctuates from week to week, we much prefer to look at the number of new foreclosures over the past 60 days.

Over the past 60 days, the following number of foreclosures were started, by county:
Barnstable County, MA: 240 new foreclosures
Berkshire County, MA: 45 new foreclosures
Bristol County, MA: 402 new foreclosures
Dukes County, MA: 20 new foreclosures
Essex County, MA: 515 new foreclosures
Franklin County, MA: 46 new foreclosures
Hampden County, MA: 309 new foreclosures
Hampshire County, MA: 41 new foreclosures
Middlesex County, MA: 632 new foreclosures
Nantucket County, MA: 12 new foreclosures
Norfolk County, MA: 295 new foreclosures
Plymouth County, MA: 471 new foreclosures
Suffolk County, MA: 389 new foreclosures
Worcester County, MA: 644 new foreclosures

ForeclosuresMass Members have access to the latest foreclosed properties in the Members Only My Foreclosures section of the site.

That's all for this week. Stay tuned until next Friday when we bring you the latest stats on Foreclosures in Massachusetts - from your friends at ForeclosuresMass.com!

522 New Foreclosures Filed in Massachusetts in Week Ending February 19, 2010

2010-02-19T13:17:47Z

522 new foreclosures were filed in Massachusetts over this past week, ending Friday, February 19, 2010, 69 less new foreclosed properties than last week with 591 new foreclosure filings.

Broken down by county, Barnstable County had 22 foreclosures, Berkshire County had 4 foreclosures, Bristol County had 60 foreclosures, Dukes County had 3 foreclosures, Essex County had 76 foreclosures, Franklin County had 7 foreclosures, Hampden County had 51 foreclosures, Hampshire County had 3 foreclosures, Middlesex County had 77 foreclosures, Nantucket County had 1 foreclosures, Norfolk County had 35 foreclosures, Plymouth County had 53 foreclosures, Suffolk County had 49 foreclosures, and Worcester County had 81 foreclosures.

The biggest movers from last week to this week were Hampden County (46% increase, 35 -> 51), Essex County (27% increase, 60 -> 76), and Nantucket County (0% decrease, 1 -> 1).
As the volume of foreclosures fluctuates from week to week, we much prefer to look at the number of new foreclosures over the past 60 days.

Over the past 60 days, the following number of foreclosures were started, by county:
Barnstable County, MA: 232 new foreclosures
Berkshire County, MA: 46 new foreclosures
Bristol County, MA: 396 new foreclosures
Dukes County, MA: 21 new foreclosures
Essex County, MA: 508 new foreclosures
Franklin County, MA: 41 new foreclosures
Hampden County, MA: 298 new foreclosures
Hampshire County, MA: 38 new foreclosures
Middlesex County, MA: 622 new foreclosures
Nantucket County, MA: 15 new foreclosures
Norfolk County, MA: 303 new foreclosures
Plymouth County, MA: 463 new foreclosures
Suffolk County, MA: 379 new foreclosures
Worcester County, MA: 630 new foreclosures

ForeclosuresMass Members have access to the latest foreclosed properties in the Members Only My Foreclosures section of the site.

That's all for this week. Stay tuned until next Friday when we bring you the latest stats on Foreclosures in Massachusetts - from your friends at ForeclosuresMass.com!

591 New Foreclosures Filed in Massachusetts in Week Ending February 12, 2010

2010-02-12T13:17:58Z

591 new foreclosures were filed in Massachusetts over this past week, ending Friday, February 12, 2010, 98 more new foreclosed properties than last week with 493 new foreclosure filings.

Broken down by county, Barnstable County had 27 foreclosures, Berkshire County had 8 foreclosures, Bristol County had 67 foreclosures, Dukes County had 4 foreclosures, Essex County had 60 foreclosures, Franklin County had 8 foreclosures, Hampden County had 35 foreclosures, Hampshire County had 7 foreclosures, Middlesex County had 129 foreclosures, Nantucket County had 1 foreclosures, Norfolk County had 44 foreclosures, Plymouth County had 62 foreclosures, Suffolk County had 55 foreclosures, and Worcester County had 84 foreclosures.

The biggest movers from last week to this week were Franklin County (100% increase, 4 -> 8), Middlesex County (82% increase, 71 -> 129), and Bristol County (40% increase, 48 -> 67).
As the volume of foreclosures fluctuates from week to week, we much prefer to look at the number of new foreclosures over the past 60 days.

Over the past 60 days, the following number of foreclosures were started, by county:
Barnstable County, MA: 219 new foreclosures
Berkshire County, MA: 45 new foreclosures
Bristol County, MA: 351 new foreclosures
Dukes County, MA: 19 new foreclosures
Essex County, MA: 454 new foreclosures
Franklin County, MA: 35 new foreclosures
Hampden County, MA: 260 new foreclosures
Hampshire County, MA: 41 new foreclosures
Middlesex County, MA: 594 new foreclosures
Nantucket County, MA: 14 new foreclosures
Norfolk County, MA: 288 new foreclosures
Plymouth County, MA: 435 new foreclosures
Suffolk County, MA: 345 new foreclosures
Worcester County, MA: 581 new foreclosures

ForeclosuresMass Members have access to the latest foreclosed properties in the Members Only My Foreclosures section of the site.

That's all for this week. Stay tuned until next Friday when we bring you the latest stats on Foreclosures in Massachusetts - from your friends at ForeclosuresMass.com!

493 New Foreclosures Filed in Massachusetts in Week Ending February 5, 2010

2010-02-05T13:17:39Z

493 new foreclosures were filed in Massachusetts over this past week, ending Friday, February 5, 2010, 15 more new foreclosed properties than last week with 478 new foreclosure filings.

Broken down by county, Barnstable County had 29 foreclosures, Berkshire County had 9 foreclosures, Bristol County had 48 foreclosures, Essex County had 60 foreclosures, Franklin County had 4 foreclosures, Hampden County had 36 foreclosures, Hampshire County had 6 foreclosures, Middlesex County had 71 foreclosures, Nantucket County had 3 foreclosures, Norfolk County had 43 foreclosures, Plymouth County had 67 foreclosures, Suffolk County had 46 foreclosures, and Worcester County had 71 foreclosures.

The biggest movers from last week to this week were Berkshire County (50% increase, 6 -> 9), Plymouth County (37% increase, 49 -> 67), and Bristol County (30% increase, 37 -> 48).
As the volume of foreclosures fluctuates from week to week, we much prefer to look at the number of new foreclosures over the past 60 days.

Over the past 60 days, the following number of foreclosures were started, by county:
Barnstable County, MA: 220 new foreclosures
Berkshire County, MA: 47 new foreclosures
Bristol County, MA: 326 new foreclosures
Dukes County, MA: 16 new foreclosures
Essex County, MA: 458 new foreclosures
Franklin County, MA: 30 new foreclosures
Hampden County, MA: 260 new foreclosures
Hampshire County, MA: 41 new foreclosures
Middlesex County, MA: 529 new foreclosures
Nantucket County, MA: 14 new foreclosures
Norfolk County, MA: 282 new foreclosures
Plymouth County, MA: 437 new foreclosures
Suffolk County, MA: 328 new foreclosures
Worcester County, MA: 563 new foreclosures

ForeclosuresMass Members have access to the latest foreclosed properties in the Members Only My Foreclosures section of the site.

That's all for this week. Stay tuned until next Friday when we bring you the latest stats on Foreclosures in Massachusetts - from your friends at ForeclosuresMass.com!

478 New Foreclosures Filed in Massachusetts in Week Ending January 29, 2010

2010-01-29T13:17:40Z

478 new foreclosures were filed in Massachusetts over this past week, ending Friday, January 29, 2010, 35 more new foreclosed properties than last week with 443 new foreclosure filings.

Broken down by county, Barnstable County had 36 foreclosures, Berkshire County had 6 foreclosures, Bristol County had 37 foreclosures, Dukes County had 3 foreclosures, Essex County had 80 foreclosures, Franklin County had 6 foreclosures, Hampden County had 40 foreclosures, Hampshire County had 7 foreclosures, Middlesex County had 56 foreclosures, Norfolk County had 36 foreclosures, Plymouth County had 49 foreclosures, Suffolk County had 47 foreclosures, and Worcester County had 75 foreclosures.

The biggest movers from last week to this week were Berkshire County (200% increase, 2 -> 6), Hampshire County (133% increase, 3 -> 7), and Essex County (60% increase, 50 -> 80).
As the volume of foreclosures fluctuates from week to week, we much prefer to look at the number of new foreclosures over the past 60 days.

Over the past 60 days, the following number of foreclosures were started, by county:
Barnstable County, MA: 204 new foreclosures
Berkshire County, MA: 41 new foreclosures
Bristol County, MA: 313 new foreclosures
Dukes County, MA: 18 new foreclosures
Essex County, MA: 442 new foreclosures
Franklin County, MA: 31 new foreclosures
Hampden County, MA: 261 new foreclosures
Hampshire County, MA: 42 new foreclosures
Middlesex County, MA: 508 new foreclosures
Nantucket County, MA: 13 new foreclosures
Norfolk County, MA: 267 new foreclosures
Plymouth County, MA: 411 new foreclosures
Suffolk County, MA: 319 new foreclosures
Worcester County, MA: 542 new foreclosures

ForeclosuresMass Members have access to the latest foreclosed properties in the Members Only My Foreclosures section of the site.

That's all for this week. Stay tuned until next Friday when we bring you the latest stats on Foreclosures in Massachusetts - from your friends at ForeclosuresMass.com!

443 New Foreclosures Filed in Massachusetts in Week Ending January 22, 2010

2010-01-22T13:17:41Z

443 new foreclosures were filed in Massachusetts over this past week, ending Friday, January 22, 2010, 25 more new foreclosed properties than last week with 418 new foreclosure filings.

Broken down by county, Barnstable County had 27 foreclosures, Berkshire County had 2 foreclosures, Bristol County had 37 foreclosures, Dukes County had 4 foreclosures, Essex County had 50 foreclosures, Franklin County had 5 foreclosures, Hampden County had 37 foreclosures, Hampshire County had 3 foreclosures, Middlesex County had 69 foreclosures, Nantucket County had 3 foreclosures, Norfolk County had 40 foreclosures, Plymouth County had 49 foreclosures, Suffolk County had 39 foreclosures, and Worcester County had 78 foreclosures.

The biggest movers from last week to this week were Hampshire County (200% increase, 1 -> 3), Franklin County (150% increase, 2 -> 5), and Nantucket County (50% increase, 2 -> 3).
As the volume of foreclosures fluctuates from week to week, we much prefer to look at the number of new foreclosures over the past 60 days.

Over the past 60 days, the following number of foreclosures were started, by county:
Barnstable County, MA: 197 new foreclosures
Berkshire County, MA: 41 new foreclosures
Bristol County, MA: 332 new foreclosures
Dukes County, MA: 20 new foreclosures
Essex County, MA: 428 new foreclosures
Franklin County, MA: 27 new foreclosures
Hampden County, MA: 268 new foreclosures
Hampshire County, MA: 39 new foreclosures
Middlesex County, MA: 543 new foreclosures
Nantucket County, MA: 15 new foreclosures
Norfolk County, MA: 281 new foreclosures
Plymouth County, MA: 430 new foreclosures
Suffolk County, MA: 353 new foreclosures
Worcester County, MA: 565 new foreclosures

ForeclosuresMass Members have access to the latest foreclosed properties in the Members Only My Foreclosures section of the site.

That's all for this week. Stay tuned until next Friday when we bring you the latest stats on Foreclosures in Massachusetts - from your friends at ForeclosuresMass.com!

418 New Foreclosures Filed in Massachusetts in Week Ending January 15, 2010

2010-01-15T13:17:54Z

418 new foreclosures were filed in Massachusetts over this past week, ending Friday, January 15, 2010, 140 more new foreclosed properties than last week with 278 new foreclosure filings.

Broken down by county, Barnstable County had 26 foreclosures, Berkshire County had 7 foreclosures, Bristol County had 50 foreclosures, Essex County had 55 foreclosures, Franklin County had 2 foreclosures, Hampden County had 25 foreclosures, Hampshire County had 1 foreclosures, Middlesex County had 55 foreclosures, Nantucket County had 2 foreclosures, Norfolk County had 30 foreclosures, Plymouth County had 51 foreclosures, Suffolk County had 42 foreclosures, and Worcester County had 72 foreclosures.

The biggest movers from last week to this week were Berkshire County (250% increase, 2 -> 7), Essex County (120% increase, 25 -> 55), and Nantucket County (100% increase, 1 -> 2).
As the volume of foreclosures fluctuates from week to week, we much prefer to look at the number of new foreclosures over the past 60 days.

Over the past 60 days, the following number of foreclosures were started, by county:
Barnstable County, MA: 198 new foreclosures
Berkshire County, MA: 42 new foreclosures
Bristol County, MA: 343 new foreclosures
Dukes County, MA: 21 new foreclosures
Essex County, MA: 450 new foreclosures
Franklin County, MA: 27 new foreclosures
Hampden County, MA: 271 new foreclosures
Hampshire County, MA: 41 new foreclosures
Middlesex County, MA: 563 new foreclosures
Nantucket County, MA: 13 new foreclosures
Norfolk County, MA: 289 new foreclosures
Plymouth County, MA: 438 new foreclosures
Suffolk County, MA: 375 new foreclosures
Worcester County, MA: 581 new foreclosures

ForeclosuresMass Members have access to the latest foreclosed properties in the Members Only My Foreclosures section of the site.

That's all for this week. Stay tuned until next Friday when we bring you the latest stats on Foreclosures in Massachusetts - from your friends at ForeclosuresMass.com!

Affordable Housing Demand at an All Time High

2010-01-11T15:31:48Z

Foreclosures, Foreclosures, Foreclosures. That is a very popular term these days and yet folks are queasy about the investment real estate market.

Where do homeowners go when they lose their house?

Market rate housing or subsidized housing?

Traditionally, people do not have anything upon foreclosure and market rents are staying high in competitive markets. This leaves the affordable market as a great source for former homeowners.

A recent Associated Press Article outlined this crisis but also warned of another pending crisis.

The value of tax credits - what us developers are often given by the government when doing large deals - is worthless.

Keep reading...

"The government knows there is a crisis" and are looking for ways to fix it.

In fact, as I have been saying quite frequently, the Stimulus Bill is actually providing for holders of tax credits through the tax credit exchange program.

This isn't bad, this is good!

So instead of working your tail off to get the tax credits, then getting your award, you now may not need to seek a investors.

Why? Because they are buying the credits back!

It's time to figure out what deals are working and how best to get that next deal structured. Look for areas hard hit by foreclosures and see if you can put a larger scale project together.

The tax credits come through and you can either search for an investor or seek government assistance.

Easy enough? Don't forget your developer fee - yep, that's cash at closing!

------
Sean Carpenter is the nation's leading expert on Government Deal Funding for Real Estate Investors and Developers and has spent the last 12 years both consulting and getting funding for his own deals. I'll be hosting a special interview with Sean coming up on Tuesday, January 12th, 8:00 PM EST where he'll talk about getting multi-million dollar tax credit deals thanks to Uncle Sam. Find out more and pre-register for the call by visiting:
http://www.getpublicfunding.com/fcm/

278 New Foreclosures Filed in Massachusetts in Week Ending January 8, 2010

2010-01-08T13:17:30Z

278 new foreclosures were filed in Massachusetts over this past week, ending Friday, January 8, 2010, 93 less new foreclosed properties than last week with 371 new foreclosure filings.

Broken down by county, Barnstable County had 20 foreclosures, Berkshire County had 2 foreclosures, Bristol County had 30 foreclosures, Dukes County had 1 foreclosures, Essex County had 25 foreclosures, Franklin County had 2 foreclosures, Hampden County had 15 foreclosures, Hampshire County had 4 foreclosures, Middlesex County had 50 foreclosures, Nantucket County had 1 foreclosures, Norfolk County had 20 foreclosures, Plymouth County had 39 foreclosures, Suffolk County had 29 foreclosures, and Worcester County had 40 foreclosures.

The biggest movers from last week to this week were Norfolk County (5% increase, 19 -> 20), Hampshire County (0% decrease, 4 -> 4), and Nantucket County (0% decrease, 1 -> 1).
As the volume of foreclosures fluctuates from week to week, we much prefer to look at the number of new foreclosures over the past 60 days.

Over the past 60 days, the following number of foreclosures were started, by county:
Barnstable County, MA: 206 new foreclosures
Berkshire County, MA: 44 new foreclosures
Bristol County, MA: 335 new foreclosures
Dukes County, MA: 23 new foreclosures
Essex County, MA: 443 new foreclosures
Franklin County, MA: 28 new foreclosures
Hampden County, MA: 279 new foreclosures
Hampshire County, MA: 44 new foreclosures
Middlesex County, MA: 580 new foreclosures
Nantucket County, MA: 13 new foreclosures
Norfolk County, MA: 286 new foreclosures
Plymouth County, MA: 434 new foreclosures
Suffolk County, MA: 384 new foreclosures
Worcester County, MA: 575 new foreclosures

ForeclosuresMass Members have access to the latest foreclosed properties in the Members Only My Foreclosures section of the site.

That's all for this week. Stay tuned until next Friday when we bring you the latest stats on Foreclosures in Massachusetts - from your friends at ForeclosuresMass.com!

Your Team is Your Deal

2010-01-07T16:29:15Z

You have found your perfect deal. Now you are looking for a government grant or program to help you out.

This all requires a great team. Who is on your side?

My most common response to many who ask the question is that make sure you have a lawyer and accountant who know more than you.

Don't get into a position where you need to educate your vendors.

Having a quality lawyer can get your deal closed that much quicker, while having a quality accountant can make sure your finances are in order.

A few questions for your potential staff:

Are you familiar with Government Financing?
Have you closed any subsidized transactions?
Do you know anyone from the allocating agency?

At least 2 of the three questions should be "yes" and should help you to make an informed decision. You may also want to inquire about the program you are seeking as well.

Count it as a bonus question!

------
Sean Carpenter is the nation's leading expert on Government Deal Funding for Real Estate Investors and Developers and has spent the last 12 years both consulting and getting funding for his own deals. I'll be hosting a special interview with Sean coming up on Tuesday, January 12th, 8:00 PM EST where I'll be asking him about what's involved in getting funding for your deals courtesy of Uncle Sam. Find out more and pre-register for the call by visiting: http://www.getpublicfunding.com/fcm/

Why Buying And Holding Just Isn't What it Used to be

2010-01-06T00:25:45Z

Are you finding deals are getting tougher to close with the new restrictions banks are pushing on applicants?

Is it taking longer to get a deal done? Have you stopped looking for new projects to acquire?

The last year has been a very difficult period in real estate history. Some markets have declined upwards of 50% in value with no light at the end of the tunnel. Not very good news if you started your "buy and hold" in 2007, but will certainly work better for you now in 2010 as you pick properties up for a fraction of their price three years ago.

Not to mention cap rates are heading into the two digits in larger metropolitan areas. For some, this is an area of the market they have never experienced.

So what can we do to get some of these declining assets?

The banks that were lending up to 125% a few years back have either left the market or cap an acquisition at 70% loan to value. The remaining 30% is up to the investor. But raising the 30% slows down transactions and your friends in Congress have attempted to help.

In July 2008, the President signed the Housing & Economic Recovery Act (HERA), which among other things, provided $4.5B to all 50 states, some territories like Puerto Rico and the Virgin Islands, and the District of Columbia, to combat neighborhood declination by foreclosure.

These funds, known as the Neighborhood Stabilization program, were supposed to help investors, both for and non-profits, buy and rehabilitate foreclosed buildings in order to prevent the stable households from losing too much value. In February 2009, Congress added an additional $4.5B to the program, now known as NSP II, to further carry out the NSP mission.

This is nothing new. The federal government has been investing in real estate for years, at least since HUD was conceived during the Johnson administration in 1965 as part of the Great Society initiative.

HUD allocates through the individual States and territories upwards of $20B per year to facilitate economic development and housing activities. Additionally, many states have programs of their own that can match federal funds in addition to over $5B in tax credit programs available to stimulate acquisition, rehabilitation and new construction of real estate projects.

Buying and holding certainly isn't what it used to be, but now the government wants to help you out more than ever. You just have to know WHERE to find the money and HOW to get the funds.

------
Sean Carpenter is the nation's leading expert on Government Deal Funding for Real Estate Investors and Developers and has spent the last 12 years both consulting and getting funding for his own deals. I'll be hosting a special interview with Sean coming up on Tuesday, January 12th, 8:00 PM EST. Find out more and pre-register for the call by visiting:
http://www.getpublicfunding.com/fcm/

371 New Foreclosures Filed in Massachusetts in Week Ending January 1, 2010

2010-01-01T13:20:03Z

371 new foreclosures were filed in Massachusetts over this past week, ending Friday, January 1, 2010, 27 less new foreclosed properties than last week with 398 new foreclosure filings.

Broken down by county, Barnstable County had 24 foreclosures, Berkshire County had 5 foreclosures, Bristol County had 32 foreclosures, Dukes County had 2 foreclosures, Essex County had 47 foreclosures, Franklin County had 3 foreclosures, Hampden County had 30 foreclosures, Hampshire County had 4 foreclosures, Middlesex County had 57 foreclosures, Nantucket County had 1 foreclosures, Norfolk County had 19 foreclosures, Plymouth County had 46 foreclosures, Suffolk County had 39 foreclosures, and Worcester County had 62 foreclosures.

The biggest movers from last week to this week were Berkshire County (67% increase, 3 -> 5), Hampshire County (33% increase, 3 -> 4), and Suffolk County (18% increase, 33 -> 39).
As the volume of foreclosures fluctuates from week to week, we much prefer to look at the number of new foreclosures over the past 60 days.

Over the past 60 days, the following number of foreclosures were started, by county:
Barnstable County, MA: 204 new foreclosures
Berkshire County, MA: 46 new foreclosures
Bristol County, MA: 340 new foreclosures
Dukes County, MA: 24 new foreclosures
Essex County, MA: 464 new foreclosures
Franklin County, MA: 31 new foreclosures
Hampden County, MA: 291 new foreclosures
Hampshire County, MA: 43 new foreclosures
Middlesex County, MA: 585 new foreclosures
Nantucket County, MA: 12 new foreclosures
Norfolk County, MA: 293 new foreclosures
Plymouth County, MA: 435 new foreclosures
Suffolk County, MA: 400 new foreclosures
Worcester County, MA: 593 new foreclosures

ForeclosuresMass Members have access to the latest foreclosed properties in the Members Only My Foreclosures section of the site.

That's all for this week. Stay tuned until next Friday when we bring you the latest stats on Foreclosures in Massachusetts - from your friends at ForeclosuresMass.com!