Monthly Archives: March 2007

SOLD! Auctions Work!

Single Family Home – Casco, Maine 1,764± sf 4 Bedrooms, 1¾ Baths Home Auction Date: 2/6/2007 Sold For: $117,000 Bidders: 6 Property Location: 24 Chutes Mountain Lane Casco, Maine 04015 Description: 1,764± sf 4 Bedrooms, 1¾ Baths Home on 1.86± … Continue reading

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Condo project faces auction: Broadluxe complex hits skids

By Jerry Kronenberg Thursday, March 22, 2007 – Updated: 07:18 AM EST TDBanknorth is taking steps to foreclose and auction off a partly built, $17 million luxury-condo complex near the Rose Kennedy Greenway, according to an auctioneer.     Tranzon Auction Properties … Continue reading

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Massive Wave of Foreclosures Predicted for Massachusetts

It seems that every week there is more news about the state of foreclosures in Massachusetts (follow the link below to read an article in the Worcester Telegram & Gazette). This week a professor of economics at the University of … Continue reading

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Massachusetts Petitions to Foreclose Nearly Double in February; Auction Announcements up Almost 200 Percent, According to The Warren Group

Foreclosures Accelerate During First Two Months of 2007 Compared with Year-Before Numbers BOSTON–(BUSINESS WIRE)–Delinquent mortgage payments in Massachusetts continued to plague the industry in February as the number of petitions to foreclose rose 92.1 percent compared to the number filed … Continue reading

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What will the market do this Spring?

The old adage that hope springs eternal is never more true than this time of year in the Real Estate Market. There is generally a buzz at every cocktail party and networking event; “I think they market’s improving”, “I’m seeing … Continue reading

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Housing Inventories Rise in Some Markets

Listings Growth Is Usual in February; Pending Sales Fall By JAMES R. HAGERTY March 7, 2007 The supply of homes listed for sale in 18 major metropolitan areas at the end of February was up 3.9% from a month earlier, … Continue reading

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TRANZON AUCTION PROPERTIES SELLS OVER $1.5 Million IN LESS THAN 30 MINUTES!

Wednesday, February 28th, 2007 Tranzon Auction Properties sold over $1.5 million in real estate at a multi-property auction held in Wells, Maine. Properties sold included residential lots in Scarborough, Cape Neddick and Wells, 28 acres in Kittery off Route 1 … Continue reading

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New Century, Fremont sink on subprime woes

By Greg Morcroft, MarketWatch Last Update: 9:37 AM ET Mar 5, 2007 NEW YORK (MarketWatch) — Shares of New Century Financial and Fremont General fell sharply Monday as uncertainty swirled around the subprime-mortgage lenders, sending investors scrambling for the exits. … Continue reading

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TIGHTENING CAPITAL MIGHT SPUR BANKRUPTCY SURGE

While restructuring options for troubled companies over the past five years have been characterized by the easy availability of cash and lower business bankruptcy numbers, many experts are expecting business filing numbers to increase as these funding options dry up … Continue reading

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