Foreclosure in Boston>Question Details

Kim, Home Buyer in Somerville, MA

where do i go to participate in an foreclosure auction for homes in boston?

Asked by Kim, Somerville, MA Wed Feb 27, 2008

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Hi Kim,

Real Estate Disposition Center (REDC) is having a public auction next Saturday, March 29th. You must preregister AND there is lots of fine print. I am glad to assist you if you need it! Here is the link but you might have to cut and paste it into your browser. Good luck. http://ushomeauction.com/auction_details.php?auctionID=H-021

http://ushomeauction.com/auction_details.php?auctionID=H-021
1 vote Thank Flag Link Fri Mar 21, 2008
Kim,

In my experience the best of the foreclosure related websites is http://www.Realtytrac.com which does have fees for keeping you up to date. Perhaps the best source for the notices filed on behalf of lenders relating to properties in trouble or already in foreclosure (each has its own legal designation) is Banker & Tradesman which is the preeminent real estate and banking newspaper in Boston, published weekly by The Warren Group:
0 votes Thank Flag Link Sat Mar 1, 2008
There is no auction MLS but they are trying, and by they I mean the national association of auctioneers of which I am a member as an auctioneer. http://www.auctionmls.com is their new site. Also each auctioneer around here has their own website. Ours is http://www.tranzon.com. Foreclosuresmass.com is a great (albeit a bit expensive) service that aggregates all the auction data. Some banks use the auction process to dispose of properties and others automatically "bid the debt" which won't do you much good in this market. The sunday globe is as good a list as any if you aren't finding what you want in the other places I've mentioned.
Web Reference: http://www.tranzon.com
0 votes Thank Flag Link Thu Feb 28, 2008
Hi Kim, every instance is different. You most likely need to physically read the foreclosure notices in the newspaper or sign up with a real estate agent who has access to the MLS to get a list of properties that are going to be auctioned. Even signing up for the MLS with a real estate agent isn't fool proof. You will still need to do some legwork. If you would like more information then feel free to contact me.
Web Reference: http://www.bowenboston.com
0 votes Thank Flag Link Wed Feb 27, 2008
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