Our new blog postings are located at www.bostonreb.com

For our blogs please go to www.bostonreb.com

Ford Realty will now post all its blog entrys on www.bostonreb.com We are pleased to announce that we have acquired www.bostonreb.com including all its agents.

the following is from our sister web site www.bostonreb.com

Banker & Tradesman breaks the story of a condo at the Ritz-Carlton Towers going into foreclosure.

In a sign that the housing crisis is not limited to hardscrabble neighbor- hoods, a five-room condominium at the Ritz-Carlton Boston Common is facing foreclosure.

“The housing and mortgage disaster is starting to transcend socio-economic lines,” said Vineburgh. “It’s now extended to the Ritz.”

Maybe.

But, maybe not in this case.

Someone with the same name as the owner of this unit was dismissed from his job at FleetBoston Financial, back in 1999, following accusations that the company, through its Columbia Management Group, had engaged in “improper trading”.

In January 2008, according to the Boston Herald, someone with the same name was stopped at the gate prior to boarding a JetBlue flight from Logan Airport to Florida because there was a 9mm Glock pistol in his carry-on. “I forgot it was in my bag,” he said.

On October 12th, someone with the same name ended up in the Plymouth County Jail where, facing fraud charges, he was “waiting for an extradition hearing before being picked up by the Las Vegas Police Department,” according to the Hingham Journal.

It might be that there’s more than meets the eye, here.

Check out our new Boston real estate blog at www.bostonreb.com

In the last two weeks 203 properties in Boston went under agreement.

The number of one million dollar real estate transactions under agreement are as follows:

1. One single family home under agreement in the last two weeks.

2. Six condos under agreement for one million dollars in the last two weeks.

3. One multi-family home under agreement in the million dollar range.

Economists were split on whether the central bank would actually cut a key rate when officials meet Tuesday, but it was widely agreed that the Fed will at least open the door to reducing rates in the weeks ahead if financial markets do not stabilize.

Boston buyers are hoping that the Fed comes through.

We will be conducting a Sunday Open House from 11:30am - 1:00pm at 6 Goodwin Place #1. This is a great chance to own a Beacon Hill studio for only $299,900.00. More info call Linda Mitrano at 617-512-4557 or at 617-720-5454.

Nearly 102,000 homeowners lost their properties to foreclosure in August, up nearly 6 percent from July and more than 80 percent higher than in August 2007, according to data released Monday by Foreclosures.com, a provider of foreclosure information.