Friday, June 10, 2011

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.

1 comment:

Anonymous said...

Yes, correctly.