The Massachusetts Appeals Court recently reached an important decision on the assignability of mortgages by mortgagees. The issue arose out of a foreclosure case in which the plaintiff was attempting to challenge the legality of the process by attacking the underlying mortgage situation. In the case, Shea v. Federal Nat’l Mortgage…
The lower mortgage rate and more stable inventory in the Massachusetts real estate market has several sources, including the real estate website Zillow, predicting that millenials will be the largest group of homebuyers this year. One young woman claimed that a major motivation for her decision to buy a home…
According to a prominent Boston news outlet citing to the mortgage giant Freddie Mac, earlier this month mortgage rates hit an almost two-year low of 3.73 percent. The volume of home sales are reportedly slightly lower than they were at this time last year. Despite the volume of actual home sales being lower, December sales…
The threat of a foreclosure is scary. Whether you have lived in your home for many years, or just a few months, having to leave due to falling behind on payments is something that no one wants to have to do. However, if you receive a foreclosure notice, it is…
U.S. Congress Set To Extend Relief For Mortgage Holders More than 30 percent of federal income tax filers in Massachusetts claim the mortgage interest deduction. Many of these mortgage holders in Massachusetts could potentially benefit from the proposed Tax Increase Prevention Act of 2014. Congress is expected to enact this extension of an…