Boston Foreclosure Listings

Written by Jared Vincenti
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Not just the capital of Massachusetts, Boston is one of the oldest, richest, and most culturally influential cities in America. Some of the most memorable events and figures in the American Revolution are from Boston, from the Boston Tea Party to Paul Revere. A century later, Boston was the home to the most vocal opponents of slavery before the Civil War.

Despite its pivotal role in American history, Boston was in a considerable economic slump around the 1950s. Industry had died, and the city was forced to rely on its banks, hospitals and universities for income. Thankfully, these businesses provided for Boston and more. Boston became the capital of mutual funds, and now is one of the most prosperous cities in the nation, holding on to banking and technology as cornerstones of its economy.

Looking to Buy a Boston Home

Property costs in Boston are just above the national average, and are steadily increasing in value. Home appreciation in Boston is nearly twice the rates in other cities, and unemployment is quite low. The city is not seeing much growth at the moment, so there is a wide selection when looking for a residence.

A good way to get a good price on a home in Boston is to look for a foreclosure. This is a property that was previously owned, but the former owner was not able to pay off the mortgage and the possession of the building has returned to the bank. The bank then sells the property, usually for a price close to the remainder of the outstanding loan. You can find foreclosure listings for all US counties online, from services that collect foreclosure data from all lenders and compile it.

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