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Massachusetts Foreclosure Scam  and Massachusetts Foreclosure

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The economic headlines sure look better than they did a year ago. Gross domestic product (GDP) is finally growing again, rising by 2.2 percent in the third quarter of 2009, with an early estimate of 5.7 percent for the fourth. The fourth quarter ...

Massachusetts could face a second wave of foreclosures as tens of thousands of distressed and bank-owned properties hit the market, slowing the state’s nascent housing recovery, officials from the Massachusetts Housing Partnership said yesterday ...

foreclosure filings rose at the slowest pace in four years in February as the government sought to reduce record ... got a disjointed market where most of the housing supply is coming from foreclosures rather than building new homes.” ‘

Barney Frank 's call for banks to forgive principal on second liens was music to the ears of mortgage bond investors who have been pushing the idea for about a year. The House Financial Services chairman wrote in a letter to the four largest banking ...

 

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