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Latest Boston Real Estate News


Mortgage Bankers Association (MBA) walking away from its mortgage loan?

According to an article in the Wall Street Journal by James Hagerty, the Mortgage Bankers Association (MBA) has sold its new Washington, DC headquarters for $41.3 million. Thing is, they may owe their lender as much as $75 million of the original $79 million purchase price.

The question is, will they payoff said lender, PNC Financial Services Group?

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Boston condo and real estate sales report, February 6, 2010

Boston condo sales and real estate data for the period ending February 6, 2010.

A complete analysis of the past thirty-days of under agreement and closed sales data for the Downtown Boston condo market.

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Boston: We’re #4! – MA owners have high-level of equity in their homes

Massachusetts homeowners have ranked #4 out of the fifty states when it comes to being “above water” on their home loans. This means, they have high levels of equity in their homes (their homes are worth more than what they could expect to sell them for).

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