Framingham Online News

Framingham Foreclosure Real Estate Auctions

Filed under: Business by News Staff at 1:16 am on September 16, 2011
(PHOTO) Home at 11 Campello Rd., Framingham, MA

This home at 11 Campello Rd. is slated to be sold at Public Auction September 29, 2011.

FRAMINGHAM, MA - Due to economic conditions, more owners of residential real estate than usual are facing foreclosure.

While some properties sold at Public Auction can be purchased below market value, buyers should be aware that many times such properties have been neglected, and in some cases have been damaged or had items such as plumbing fixtures, copper heating pipes and other items removed.

In general, property purchased at foreclosure auctions should be examined even more closely than property sold on the normal residential real estate market.

In addition to structural or cosmetic problems, foreclosed properties sometimes have municipal liens, back taxes and other encumbrances that can add significant costs over and above the gavel price.

The ancient Latin saying  "Caveat emptor", (let the buyer beware), may hold true for real estate purchased at foreclosure moreso than any other types of real estate transaction.

Potential buyers are strongly encouraged to perform all necessary due diligence before bidding.

With that said, legal notices indicate the following residential properties will be sold at public auction in the upcoming weeks:

Date Time Address* Deposit** Assess. Val.
September 16, 2011 10:00 AM 31 Aberdeen Rd. $10,000 $244,900
September 16, 2011 3:00 PM 15-17 East St. $10,000 $219,100
September 22, 2011 4:00 PM 24 Brownlea Rd. $10,000 $415,600
September 27, 2011 12:00 PM 5-7 Saucier St. $5,000 $243,300
September 27, 2011 1:00 PM 154 Second St, U:109A $5,000 $40,200
September 28, 2011 11:00 AM 695 Old Connecticut Path $10,000 $279,100
September 29, 2011 10:00 AM 12 Foss Rd. $5,000 $246,300
September 29, 2011 2:00 PM 11 Campello Rd. $5,000 $236,900
October 6, 2011 9:00 AM 437 Water St. $10,000 $664,700
October 6, 2011 1:00 PM 135 Winthrop St., U:3B $5,000 $40,300
October 6, 2011 2:00 PM 81-L Nicholas Rd. $5,000 $93,400

*click address to download copy of Framingham Assessor's Property Card,  (Adobe .PDF format)

**deposit is usually required in cash or certified bank check, with the balance of selling price due in a very short amount of time. You can check terms and details in NOTICE OF MORTGAGEE'S SALE OF REAL ESTATE for each property at: ma.mypublicnotices.com

(All information listed is based on public records available at time this article was published. Perspective buyers and other interested parties should contact seller / agent to determine actual dates, times, values, terms and other pertinent information).

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  1. Buying a home at a foreclosure auction can be like closing your eyes and jumping into a black hole. You won’t know the condition, you’ll be responsible for any liens, there are ZERO contingencies (i.e., you can’t make the purchase conditional on getting a mortgage) AND… you’ll be responsible for evicting any occupants. In Massachusetts, the eviction process alone can be devastatingly daunting. A well respected attorney said it best when she said “Foreclosure auctions are for buyers with bags and bags of money, endless patience, and (nerves) of steel. Despite the allure of getting a “bargain”, it’s not a great option for most buyers. If the property doesn’t sell at auction, it will likely be listed with a Realtor, and once that happens, the property can at least be delivered vacant and with clear title.

    Comment by Charlene Frary — September 16, 2011 @ 6:54 pm

  2. I would like to know if will have a property auction in the newer future hold by the town,and how i would get information about . thanks

    Comment by gill neves — February 26, 2014 @ 2:08 pm

  3. Most of the Town owned property that is ever auctioned is either through the Framingham Tax Collector office, and sometimes through the Community and Economic Development department.

    Framingham Tax Collector
    150 Concord St., Room 111
    Framingham, MA 01702
    Phone: (508) 532-5430
    Email: treasurer@framinghamma.gov

    Community and Economic Development
    150 Concord St., Room B-2
    Framingham, MA 01702
    Phone: (508) 532-5455
    Email: apr@framinghamma.gov

    Comment by News Staff — February 26, 2014 @ 7:56 pm

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