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 Issue of February 11, 2008 
   


Petitions to Foreclose Increase 55% in 2007
By Amy Wyeth
Lenders initiated 29,607 petitions to foreclose on Massachusetts properties in 2007, 55 percent more than the 19,112 petitions filed in Land Court the year before, according to new statistics from The Warren Group, parent company of Banker & Tradesman.



Brookline, Lincoln Rejoin Million-Dollar Home Club
By Aglaia Pikounis
The list of Bay State communities with million-dollar home prices is growing.



Tower Opponents Refuse to Back Down
By Thomas Grillo
A week after Boston Mayor Thomas M. Menino called for a compromise over a proposed office tower at the Prudential Center, one neighborhood group says it won’t bend.



Plans for 400-Unit Allston Development Filed
By Thomas Grillo
A crumbling apartment complex in Boston’s Allston neighborhood could become a mixed-income development with pedestrian connections to the Charles River.



$6 Billion Catastrophic Loss Insurance Fund Sought
By Aglaia Pikounis
Cape Cod homeowners are urging lawmakers to establish a fund that would help pay for damages from catastrophic storms and reduce their insurance costs.



Shareholder Makes Power Play To Become Massbank Director
By Amy Wyeth
A shareholder at Massbank Corp., the holding company for Reading-based Massbank, has nominated himself and two other shareholders to positions on the bank’s board of directors, citing dissatisfaction with the institution’s performance.



City Officials, Residents Set To Battle Scientology Plan
By Thomas Grillo
The Church of Scientology’s newest convert will be a former grande dame of Boston’s Washington Street.



Merrimack, Nashoba Realtors Predict Market Stabilization
By Aglaia Pikounis
Realtors in the Merrimack and Nashoba valleys are expecting home prices and sales to stabilize this year.



Speed, Caution: Architecture and Language in the Back Bay
By Jeff Stein
Usually, people can tell where in the world they are by the common language being spoken around them.




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