Yearly Archives: 2010

Partnership between MassHousing, city of Brockton, Brockton Housing Partnership, and lenders will help create opportunities for buyers who buy properties in need of repair. BOSTON, MA - June 1, 2010 - (RealEstateRama) -- MassHousing announced a new initiative today in partnership with the city of Brockton, Brockton Housing Partnership, and area lenders to make grant funds available to first-time homebuyers who purchase foreclosed homes in Brockton.

Barstow Village will provide 66 affordable apartments for senior citizens. BOSTON, MA - May 27, 2010 - (RealEstateRama) -- MassHousing announced $2.4 million in loan commitments today for the development of Barstow Village in Hanover, which will provide 66 affordable apartments for senior citizens.

BOSTON, MA - May 25, 2010 - (RealEstateRama) -- MassHousing recently honored Cape Cod Five Cents Savings Bank for being the Agency’s top-producing lender in Barnstable County in 2009.

BOSTON, MA - May 25, 2010 - (RealEstateRama) -- At its annual awards ceremony honoring lenders for their commitment to affordable home mortgage lending, MassHousing recognized Sovereign Bank as the Agency’s top originator of MassHousing Home Improvement loans in 2009

May 21, 2010 - (RealEstateRama) -- The City of Springfield, in conjunction with Daniel J. Flynn & Co. of Quincy, will auction off 39 (thirty-nine) properties in tax-title possession on Tuesday, June 8, 2010. Registration begins at 5:00 P.M. and the auction begins at 6:00 P.M. The Auction will be conducted ballroom-style, at Springfield City Hall located at 36 Court Street, Springfield, MA

Latest phase in project will result in 56 affordable rental apartments and townhouses. BOSTON, MA - May 20, 2010 - (RealEstateRama) -- MassHousing announced a $13.5 million construction loan commitment today to an affiliate of Trinity Financial of Boston for Phase 2B of the ongoing Washington Beech public housing redevelopment in Roslindale.

BOSTON, MA - May 19, 2010 - (RealEstateRama) -- MassHousing recently honored 12 of its 2009 top-producing lending partners at the Agency’s annual Homeownership Awards Ceremony. The annual event recognizes MassHousing’s lending partners for their excellence in promoting and originating MassHousing Mortgage products for Massachusetts residents.

Loans will preserve a total of 931 affordable apartments in Reading, Wellesley, Falmouth, Needham, Abington, Sturbridge, Winchester, Norton, Sudbury and Maynard. BOSTON, MA - May 17, 2010 - (RealEstateRama) -- MassHousing announced $110.6 million in loan commitments today for the acquisition and preservation of affordable housing for seniors and families in 10 communities

BOSTON, MA - May 13, 2010 - (RealEstateRama) -- AG Coakley has reached settlements with a Fairhaven real estate company and a real estate broker for delivering alleged deceptive notices to tenants living in foreclosed properties in Roxbury and southeastern Massachusetts in an effort to unlawfully break their lease agreements and remove them from the properties. The notices allegedly threatened to remove the tenants and their belongings from the premises if the defendants were not immediately contacted.The Assurances of Discontinuance filed yesterday in Suffolk Superior Court against RE/MAX Classic of Fairhaven and real estate broker Simone Schettino provide a broad range of relief and preventive measures to ensure their future compliance with state and federal consumer protection laws

Worcester, MA - May 12, 2010 - (RealEstateRama) -- As the real estate industry changes, the needs of the professionals in the industry change with it. The techniques and coaching programs that worked as a little as one year ago do not get the same results today. That’s why Real Estate Inner Circle™, the nation’s fastest growing real estate coaching company, created the Real Estate Inner Circle University™. “REIC-U” is Real Estate Inner Circle’s dedicated teaching and training division. It features affordable online courses that meet the sales, marketing, and training challenges real estate professionals face every day.

Funding will benefit sober housing programs in Roxbury, New Bedford and Tewksbury BOSTON, MA - May 12, 2010 - (RealEstateRama) -- MassHousing has awarded $180,000 in funding to help create new units of affordable sober housing for women in Roxbury and New Bedford and housing stabilization services for women in Tewksbury

HOLYOKE, MA - May 11, 2010 - (RealEstateRama) -- Acres of contaminated property located between the Connecticut River and the Front Canal in historic downtown Holyoke will be cleaned up and redeveloped as a result of a Brownfields Covenant Not to Sue Agreement that Attorney General Martha Coakley’s Office has entered into with the prospective developer of the site.The covenant agreement limits the liability related to contamination on the six parcels in exchange for the redevelopment and cleanup. The property was once home to American Writing Paper and Brown Paper Mills in the 19th and 20th centuries, but the majority of the buildings on the site have been largely vacant in recent decades. Under the agreement, Quantum Properties LLC will clean up the parcels in accordance with Massachusetts Department of Environmental Protection (MassDEP) standards and redevelop them into modern industrial and commercial buildings. The parcels are contaminated with oil and hazardous materials from their industrial history

BOSTON, MA - May 11, 2010 - (RealEstateRama) -- A former Adams man has been ordered to pay $185,657 in damages and civil penalties for engaging in mortgage fraud that resulted in a string of foreclosures in Adams, Greenfield, North Adams, and Pittsfield, Attorney General Martha Coakley’s Office announced today.AG Coakley’s Office obtained a Final Judgment against Richard E. Doherty, 65, of Norwich, Connecticut, resolving claims of mortgage fraud that were outlined in a 2008 lawsuit. The final judgment, entered by Suffolk Superior Court Judge Elizabeth Fahey last week, determined Doherty violated the Consumer Protection Act when he obtained loan proceeds by fraudulently procuring mortgages on multi-family homes and commercial buildings in communities in Western Massachusetts.

ANDOVER, MA - May 11, 2010 - (RealEstateRama) -- U.S. Small Business Administration (SBA) officials have heard it all when it comes to homeowners who tell them why they aren’t going to apply for a low-interest disaster loan.

WALTHAM, MA - May 11, 2010 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) today announced that for the first time since MAR started collecting survey data in January 2008, the REALTOR® Market Index is on the positive side of the 100-point scale for April. For the third straight month REALTORS® are optimistic on price as the REALTOR® Price Index also continues to be in positive territory.