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Boston real estate news in Boston, MA


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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 1,359-square foot unit is expected to be listed on the MLS Property Information Network by Charlesgate Realty Group later this month for $600,000, according to P.T. Vineburgh, the company?s founding partner.

?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.


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