As an owner of MA real estate it’s always important to be an informed consumer—whether you are buying a home or selling a home!  On a recent Friday afternoon, I was having a discussion with an Asset Manager from a major national bank.   I always question the “pulse” of the market from different perspectives and his conversations always yield good information for Massachusetts real estate owners.

Look for the big banks to bundle real estate properties and sell these at auction through the summer.   The motivation is that the big banks are looking to ‘get rid’ of long held properties keeping their inventories high and unmanageable.  In doing so, they will be able to concentrate on newer, more marketable homes for sale.  

New England, and especially the Massachusetts area, appears to be immune to this inventory sell off – except for some properties long held due to the Ibanez Court decision of 2009.   Ten major states account for more than 70 percent of the national total of foreclosures.  It is logical to assume that the majority of bundled auctions would take place in these states, of which Massachusetts is not one!