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 Issue of March 12, 2007 
   

Foreclosure Activity Continues Upward Trend
By Amy Wyeth
The number of petitions to foreclose filed by lenders in Massachusetts Land Court continued to rise last month, as did notices of foreclosure auctions published in local newspapers.



Developers, Boston Officials Have a Lot of Hope in Site
By Thomas Grillo
Forty years after part of Boston’s Roxbury section was leveled in the name of urban renewal, developers are vying for the chance to turn an overgrown lot into a vibrant neighborhood.



Kid Gloves Removed in Belmont Dispute
By Aglaia Pikounis
An affordable housing group is seeking an opinion from the Massachusetts Commission Against Discrimination about whether Belmont officials and a developer violated fair housing laws by attempting to “childproof” a proposed rental complex.



Bank Commissioner Takes Message to Lenders
By Amy Wyeth
Big brother is watching. That was the message delivered by Division of Banks Commissioner Steven L. Antonakes to the mortgage brokers, lenders and attorneys who converged on the Massachusetts Mortgage Bankers Association’s Learning Center in Burlington last Thursday to hear the state’s top banking regulator outline “The State of the Mortgage Industry for 2007.”



MassDevelopment, Banks Uniting to Provide Commercial Loans
By Amy Wyeth
The multipurpose organization MassDevelopment wears many hats in the real estate development world – and it’s helping another economic sector in the process, as its financing programs allow banks to make solid, substantial loans that otherwise wouldn’t have been possible.



Newton Dentist Is All Smiles After Winning MBTA Depot
By Thomas Grillo
A Newton dentist has something to smile about. Dr. Leonard Strauss was the high bidder for a historic railroad depot on the Green Line at $6,000 above the minimum price set by the MBTA. “I’m very excited,” said Strauss, a periodontist, after the bids were opened last Monday. “It’s a gorgeous building in an absolutely great location.”



Appraisers Feeling Pressured to Raise Property Valuations
By Aglaia Pikounis and Jeff Haynes
A slowdown in home sales and mortgage transactions has led to more pressure on real estate appraisers to raise property valuations so deals don’t fall apart, according to local appraisers.




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