Boston Foreclosures

Spencer Lofts, 60 Dudley Street Unit 317, Chelsea — a 1-bed, 1-bath loft condo (957 sq ft). Sold for $155,000 on September 12, 2011 (MLS #71199043).

Spencer Lofts, 60 Dudley Street Unit 121, Chelsea — 1-bed, 1-bath loft condo (1,063 sq ft), sold for $248,000 on May 6, 2014 (MLS #71651698).

Jeff Bowen's August 24, 2010 market note records the ten-year Treasury yield falling to 2.50% and argues 30-year fixed mortgages could see 4% with no points — a call to move money out of stocks and into Boston real estate, foreclosures and multi-families.

Jeff Bowen's August 2010 post makes the case for Boston foreclosures over the stock market: banks discount as-is cash purchases with fast closes, bank-owned properties beat short sales, and the best deals require a showing within the first 24 hours and proof of funds.