F O R E !!!!!!! (closure)

Why, exactly do the pluggers yell, "FORE",before they hack the golf ball 30 yards into the zip code directly to the left?

I thought about this because, as our title intimates, foreclosures are, and have been on my mind lately. You see, there a foreclosure auction scheduled on the property next door to mine, and while in some climes, whole neighborhoods seem to be trending towards the "BIG F", in my corner of the world, it is as rare as a straight talking politician.

So "Fore" has been on my mind: Fore, as in beFORE, FOREfathers, FOREcastle, and so on and so on. You get the drift? "Fore" has something to do with "in fornt of" "ahead of" "the earlier in a sequence". So the golfer is yelling,. "Fore!", to tell everyone the sequence -- "I am going to hit the ball, then it is going to smash the windshield of that BMW yonder.

So, "Foreclosure" is saying (and this is being said by the "bank"). "We are going to do this," have an auction of YOUR home, "BEFORE we get closure to the promissory (Better to spell that 'I Promise I'm SORRY!') note you, the homeowner signed, with obviously your middle finger 'up-pointed' right at us."

Yup, that is what it is... a notification of a sequence of events...that is why they call it what they call it. Not that any of this matters to my neighbors...they are long gone: hightailed it back to the old country in the Pacific rim (stiffing the bank, the town the utilities, the newspaper boy and the guy who plowed out their driveway...).

Too bad, maybe the "bank" should have done something more proactive...maybe a "WayBeforeForeclosure".

Waltham's Studio Crossings a space for the art of the entrepreneur

Waltham's Studio Crossings a space for the art of the entrepreneur

Marching (or should we say "Juneing") Orders

Up top there we are talking about Orders, allright...Orders of Notice. For those not in the knowing, Orders of Notices are the little tidbits that come out of the Commonwealth of Massachusetts Land Court -- Department of Trial Court, and they say, blahblah blah, "has filed with said court a complaint for authority to foreclose said mortgage in the manner following: by entry and possession and exercise of power of sale..." or some other such similar alliterative nomenclature snaking across the page.

In Belmont, as of today (6/10/11), 8 property owners have gotton one of these notices in the mail in 2011. In all of 2010, 12 folks were blessed with the banking benediction.

A quick look about shows that these owners in 2011 are spread out throughout the town: from the Waltham border to Cambridge up to the Lexington line. From "high end" to modest. Singles and condos and multi's (...oh my!).

I cannot say how this will play out, but can't help but wonder -- if Belmont is seeing this, what is happening elsewhere -- stay tuned.