Warren Residential Group Blog – Boston Real Estate Blog

Christina Longo at Prospect mortgage sent me the following email this morning:
Senators have agreed to extend the $8,000 first-time homebuyer tax credit originally set to expire on November 30. Once the Senate officially votes on the bill it will move to the House of Representatives, which strongly supports the extension. The Obama administration has also [...]

The “Boston Yacht Haven” yacht club on Boston’s Commercial Wharf has just been forced to file for Chapter 7 liquidation of it’s assets.  The owner, Yovette Mumford, narrowly avoided a foreclosure auction in April by filing for Chapter 11 Bankruptcy protection.  The Boston Yacht Haven was purchased in 2005 for $11.7 million and has a [...]

Photo Courtesy of the LA Times
As of today, Bank of America has officially retired the Countrywide Home Loans brand which they acquired about 10 months ago and re-branded their mortgage division as “Bank of America Home Loans”.
Countrywide was formerly the nations largest home lender but recently met its demise do to its aggressive sub-prime lending [...]

Local developer Raymond Properties has officially filed plans with the city to build two office towers.  The towers, 42 and 52 stories respectively, would have a glass exterior and from the rendering above, look quite interesting and unique.
The plans would require the demolition of the massive garage standing on the site right now.  The garage [...]

One of the major real estate related topics of the Obama stimulus bill is the first time home buyer tax credit.  While nothing is set in stone as of right now here is a rough play-by-play.
The Tax Credit Right Now:
-As of right now, first time home buyers who fit w/in income guidelines of not more [...]

Now, I can’t speak for every Boston Real Estate agent when I say this, but my promise to all of the clients of the Warren Residential Group is complete honesty about the Boston Real Estate market.  With all of the blaming going back and forth about what caused the downturn and all of the finger [...]

I know this is not what you want to hear, but your primary home is not an investment.  It’s not a cash machine that is going to make you rich.  It’s where you go after work to make you feel happy.  It’s your sanctuary.  It’s where you entertain friends and family and make memories.
If you [...]