Providing accurate and timely information about what matters in Franklin, MA since 2007. * Working in collaboration with Franklin TV and Radio (wfpr.fm) since October 2019 *
Monday, October 14, 2024
GOOD DEEDS: Keeping History Alive
Sunday, October 13, 2024
Register O'Donnell Promotes Consumer Notification Service
Deed theft can take different forms. The most common type of fraud preys on people who are in danger of losing their property, usually rental property, through foreclosure. The owners are told that they qualify for a "short sale," a process where the foreclosing lender settles for less than the amount owed on the mortgage, and that if they sign the deed over to a third party, they can avoid the foreclosure. The owner signs a deed over to the third-party scammer, not realizing they are still responsible for the debt, and the scammer, rather than negotiating the short sale, collects and keeps the rental payments until the lender eventually forecloses. Variations of this scam have involved the principal residences of unsuspecting consumers.
Register O'Donnell Promotes Consumer Notification Service
Another type of deed theft targets elderly people who sign over their property without realizing what they are doing. This type of transfer has also been done by a family member or other individual trusted by the elderly home owner. Deed theft is a serious crime that can result in the loss of one's home and equity. Homeowners should be aware of these scams and talk to a lawyer before signing any papers that have to do with their property.
Less common is forgery, where a scammer fakes a homeowner's signature on a deed and records it in the registry of deeds. A forged deed is not valid and conveys nothing. If a buyer or a lender rely on a forged deed and don't do their due diligence on a property's title, they are out of luck. They, not the legitimate property owner, will ultimately lose any money paid to the thief. Forgery is a felony in all fifty states, punishable by jail time and heavy fines. The court may also require restitution for damages caused by the forgery, such as the costs of clearing the title.
Companies now offer paid subscription services that will check public records and let a property owner know if a deed has been recorded that changes who owns their property. It is not title insurance, and most of the time, if a fraud has happened, it won't offer any extra services.
Commenting on the issue, Register O'Donnell stated, "Our mission at the Registry of Deeds is the safety and security of all property records. We recognize that there are unscrupulous individuals who may try to take advantage of the property rights of others. In 2015, we at the Norfolk County Registry of Deeds initiated a Consumer Notification Service, a free service whereby subscribers sign up to be notified when any document is recorded under their name. This initiative came about in response to the Federal Bureau of Investigation (F.B.I.) indicating property and mortgage fraud was one of the fastest growing white-collar crimes in America."
Information on "Consumer Notification" can be found on the Registry website, www.norfolkdeeds.org under the heading "Services". Since 2015 more than 2,100 Norfolk County residents have signed up for the Consumer Notification Service. The Registry Customer Service Department can assist anyone who would like to set up the notification for their property.
Register O'Donnell concluded, "I want to reiterate that our free notification service, like the paid services, does not protect against fraud but will at least alert the owner if a fraudulent deed has been recorded. This way the homeowner can take steps right away to combat the fraud. Also, Owners should always be aware of what they are signing when it comes to any document that may affect the title to their real estate and should scrutinize any company that promises to alleviate debt if you sign over a deed to them. In Massachusetts, a deed should always be signed in front of a notary public. Massachusetts notaries are obligated to request identification from the party signing the deed."
If you have any questions about the notification service, please contact our Customer Service Center at 781-461-6101, Monday through Friday between the hours of 8:30 a.m. and 4:30 p.m. Our trained staff is more than willing to answer any questions you may have.
To learn more about these and other Registry of Deeds events and initiatives, "like" us on Facebook at facebook.com/norfolkdeeds. Follow us on Twitter and Instagram at @norfolkdeeds.
The Norfolk County Registry of Deeds, located at 649 High St., Dedham, is the principal office for real property in Norfolk County. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities, and others with a need for secure, accurate, and accessible land record information. All land record research information can be found on the Registry's website, www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center at (781) 461-6101 or email us at registerodonnell@norfolkdeeds.org.
Monday, October 7, 2024
Norfolk County Registry of Deeds: Lower Mortgage Interest Rates Drive Increased Lending Activity
Norfolk County Register of Deeds William P. O’Donnell reported that Norfolk County recordings for the month of September 2024 indicate an increase in overall real estate activity, with increases in the total number of deeds and mortgages recorded as compared to September 2023.
The Registry of Deeds recorded 8,605 documents in September 2024. This was 6% more than in September 2023, and an 8% decrease compared to August 2024.
Norfolk County Registry of Deeds: Lower Mortgage Interest Rates Drive Increased Lending Activity
“The rise in real estate activity in September 2024 compared to September 2023 can be attributed to a significant increase in the number of mortgages recorded this month," noted Norfolk County Register of Deeds William P. O’Donnell. "Likely due to the availability of mortgages at interest rates, according to the Federal Home Loan Mortgage Corporation, not seen since September 2022.”
In September, lending activity increased compared to the same month a year ago. A total of 1,331 mortgages were recorded in September 2024, up 13% from September 2023 and down 8% from the previous month.
“The positive trend in the number of mortgages recorded compared to last year is a sign that the recent drop in mortgage interest rates has made borrowing more attractive for potential homebuyers and borrowers, especially considering that this time last year we were seeing 31% fewer deeds year over year." O'Donnell added. "The Federal Reserve's decision to lower the federal funds rate has an indirect impact on mortgage interest rates, so if hints of a continued decrease in the federal funds rate are seen, we may see lending activity continue to rise."
The total number of deeds recorded for September 2024, which reflects both commercial and residential real estate sales and transfers, was 1,301, up 4% from September 2023 and down 13% from August 2024.
"Lower mortgage interest rates can potentially open the market to additional buyers who previously may not have been able to afford a home. However, those who took out a mortgage at lower interest rates in 2020 and 2021 may still feel locked into their current mortgages, limiting the potential impact that the recent reductions in interest rates may have on home sales. It will be interesting to see how the housing market evolves in the coming months as these factors continue to play out."
The average sale price of commercial and residential properties for September 2024 rose to $960,254, an 11% increase compared to September 2023 but a decrease of 24% from August 2024. The total dollar volume of commercial and residential sales is also up, increasing by 9% from last year but down 41% from last month.
“While lower mortgage interest rates do help ease the burden of higher real estate costs, I think many would agree that it is a difficult market for buyers, especially first-time home buyers, due to the limited inventory of available property and an increase in property prices compared to previous years,” stated Register O’Donnell.
The Norfolk County Registry of Deeds has been closely monitoring the foreclosure market. In September 2024, there were 7 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, more than the 5 recorded in September 2023. In September 2024, there were 28 notices to foreclose, the first step in the foreclosure process, less than the 33 recorded in September 2023.
“We cannot begin to know all the causes that have contributed to these foreclosures and notices to foreclose, but what we do know is that a number of our neighbors have lost their homes, and even more are dangerously close to losing their homes,” said Register O'Donnell. “We all experience unforeseen events in our lives, and sometimes events beyond our control can have devastating emotional and financial effects, so I would urge anyone struggling to pay their mortgage or who knows someone who is struggling to contact one of the non-profit organizations listed on our website, www.norfolkdeeds.org.
For the past several years, the Norfolk County Registry of Deeds has partnered with Quincy Community Action Programs (617-479-8181 x376) and NeighborWorks Housing Solutions (508-587-0950) to help anyone facing challenges paying their mortgage. Another option for homeowners is to contact the Massachusetts Attorney General’s Consumer Advocacy and Response Division (CARD) at 617-727-8400.
O’Donnell concluded, “There is no doubt that it is good to see that mortgage interest rates have come down significantly over the past month, and good to know that some progress has been made in making the dream of owning a home a more attainable goal. However, it remains to be seen if these lower rates will be enough to stimulate significant growth in the housing market, especially for those who are already locked into lower rates."
To learn more about these and other Registry of Deeds events and initiatives, "like" us on Facebook at facebook.com/norfolkdeeds. Follow us on Twitter and Instagram at @norfolkdeeds.
The Norfolk County Registry of Deeds, located at 649 High St., Dedham, is the principal office for real property in Norfolk County. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities, and others with a need for secure, accurate, and accessible land record information. All land record research information can be found on the Registry's website, www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center at (781) 461-6101 or email us at registerodonnell@norfolkdeeds.
Monday, September 23, 2024
Amount of Homestead Exemption Increases up to $1 Million
Norfolk County Register of Deeds William P. O’Donnell today (9/20/24) informs homeowners about the recent increase in the amount of the homestead exemption and the importance of filing for Homestead Protection.
In August state legislators passed Session Law 2024, c. 150, s. 51 (an Act relative to the Affordable Homes Act) that among other benefits increase the amount of protection offered by a written declaration of homestead from $500,000 to 1,000,000.
Amount of Homestead Exemption Increases up to $1 Million
“The increase in the amount of the homestead exemption applies retroactively to any valid homestead that is currently on record at the Registry of Deeds and to any future recorded Homesteads,” noted Norfolk County Register of Deeds William P. O’Donnell. “This means homeowners who have a valid homestead on record do not need to file a new homestead to gain the benefit of the recent increase.”
As of August 2024, there were 6,700 Declarations of Homestead filed this year at the Norfolk County Registry of Deeds, 2% more than in 2023.
"If you own a home, and it is your primary residence, you have an automatic homestead exemption of $125,000. However, if you file a Declaration of Homestead at the Registry of Deeds, the exemption increases to $1,000,000. The Homestead Law provides a homeowner with limited protection against the forced sale of their primary residence to satisfy unsecured debt up to $1,000,000 if they have filed. This is especially important when you consider that for most of us, a home is our most valuable asset. Consumers should take steps to protect that asset," noted Norfolk County Register of Deeds William P. O’Donnell.
Another feature of the Homestead Law is the allowance for the filing of an Elderly Homestead Declaration, which defines an elder as a person who is 62 years of age or older and provides protection of $1,000,000 for each qualified person.
The Register further noted, "In March of 2011, the Homestead Law was updated so that a valid Homestead is not terminated when refinancing a mortgage. Other changes that took place back in 2011 state that a Homestead can provide protections for a primary home even if it is held in a trust. The definition of a primary residence was also expanded to include a manufactured or mobile home."
A Declaration of Homestead also protects the sale proceeds if the home is sold for up to one year after the date of the sale or on the date when a new home is purchased with the proceeds, whichever comes first. Additionally, if the home is damaged by a fire, for example, the insurance proceeds are protected for two years after the date of the fire or on the date when the home is reconstructed or a new home is purchased, whichever is earlier.
While the Homestead Statute provides important protections for homeowners, it is important to note that certain debts are exempt from protection under the Homestead Act. These include federal, state, and local tax liens, as well as mortgages contracted for the purchase of a primary home and nursing home liens. Most other mortgages, debts, and encumbrances existing prior to the filing of the Declaration of Homestead, along with probate court executions for spousal and child support, are also not covered under the Homestead Protection Statute.
Declarations of Homestead are recorded at the Registry of Deeds for a state-imposed fee of $36.00. Additional information about the Homestead Law and the forms are available at no cost by going to the Registry’s website at www.norfolkdeeds.org.
Register O’Donnell concluded, "I want to reiterate that a Homestead provides limited protection against the forced sale of a homeowner’s primary residence to satisfy unsecured debt up to $1,000,000. While the debt is still owed, homeowners can have peace of mind knowing that with a Declaration of Homestead recorded at the Registry of Deeds, their primary residence cannot be forcibly sold to satisfy some debts."
If you have any questions about a Homestead, please contact the Norfolk County Registry of Deeds Customer Service Center at 781-461-6101, Monday through Friday between the hours of 8:30 a.m. and 4:30 p.m.
To learn more about these and other Registry of Deeds events and initiatives, "like" us on Facebook at facebook.com/norfolkdeeds. Follow us on Twitter and Instagram at @norfolkdeeds.
The Norfolk County Registry of Deeds is located at 649 High Street in Dedham. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities and others with a need for secure, accurate, accessible land record information. All land record research information can be found on the Registry’s website www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center via telephone at (781) 461-6101, or email us at registerodonnell@
William P. O’Donnell, Norfolk County Register of Deeds, provides updates on lawsuit status
Monday, September 16, 2024
GOOD DEEDS: The Personal Touch
GOOD DEEDS: The Personal Touch |
Monday, September 9, 2024
Norfolk County Register of Deeds reports August 2024 real estate activity increase
Monday, September 2, 2024
Norfolk County Registry of Deeds wins lawsuit against the County Commissioners
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Wednesday, August 28, 2024
Norfolk County Registry of Deeds: History Comes Alive episodes features Franklin (video)
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History Comes Alive, A Closer Look - The Franklin Public Library
Monday, August 26, 2024
QATV Wins 2nd Hometown Media Award from "History Comes Alive" Segments (video)
Sunday, August 25, 2024
August 14 Town Council meeting - audio in 2 parts: legislative update (2 hours) & remainder of meeting (1:40 )
FM #1263-1264 This is the Franklin Matters radio show, number 1263-1264 in the series.
This session shares the Franklin (MA) Town Council Meeting of Wednesday, June 17, 2024. All 9 members were present in Council Chambers. We split the audio into 2 parts, creating a section just of the State legislature update by Senator Becca Rausch and State Rep Jeff Roy, and leaving the opening hour, and remainder of the Council session in the first part.
Quick summary of Part 1 (#1263)
Annual Reappointments and New Appointments of Boards and Committees Members
Unanimous approval for the appointments/re-appointments. This should complete the slate of current board, committee, commission positions with a couple of exceptions. Town Administrator Jamie Hellen updated that likely early in 2025, an effort to solicit more volunteers for the various positions would be conducted to help refill the potential candidate pool for future opportunities. Note: all the positions appointed are for staggered terms within the respective boards, etc. This is done to enable some organizational knowledge retention among the members of each org. It is easier for 1, 2, or 3 members of a committee to ‘get up to speed’ than it is for an entire group.
PUBLIC HEARINGS
a. Zoning Bylaw Amendment 24-906: Changes to §185-3. Definitions, Mixed Use Development Definition
b. Zoning Bylaw Amendment 24-907R: Changes to §185-21 Parking, Loading and Driveway Requirements
c. Zoning Bylaw Amendment 24-908: §185 Attachment 7. Part VI, Addition of Mixed Use Development to Use Regulation Schedule
The passage of these 3 measures should bring us into compliance with the MBTA Community requirements set out by the State. We were close to begin with, and then with the changes started with the Franklin For All project, we got closer. There are still some improvements possible that could be coming as part of the Master Plan. These 3 get us into compliance with the State requirements which keeps the coffers open for grant opportunities. The 3 measures were approved unanimously.
d. Zoning Bylaw Amendment 24-913: Zoning Map Changes from Business to Commercial I, an Area on Union Street Near Franklin Crossing
This measure rezones the area along Union and Cottage near the Mill Store and sets it up for redevelopment in mixed use, both residential and commercial/retail space. You can see what the developer is doing with the former Clark-Cutler-McDermott building as an example of what can happen here. This should be good. It was approved unanimously.
PRESENTATIONS / DISCUSSION
a. Presentation & Discussion: 4H Alarm Robotics Club 2079
c. Discussion: Norfolk Registry of Deeds Update - Register William O’Donnell
Resolution 24-51: Gift Acceptance - Fire Department ($100), Senior Center ($10,070), Veterans’ Services Department ($150)
Resolution 24-52: Revised 2024 Town Council Meeting Schedule
Part 2 (#1264)
b. Discussion: Legislative Delegation - Senator Rebecca Rausch and Representative Jeffrey Roy
Rep Roy and Senator Rausch provided updates on the legislative session that formally closed on July 31. They also responded to questions from the Council and community members present in the room or remotely participating in the meeting.
The recording runs 3 hours and 40 minutes, so let’s listen to Town Council meeting of August 14, 2024
Audio link - Part 1 (#1263)
https://franklin-ma-matters.captivate.fm/episode/fm-1263-town-council-mtg-08-14-24-part-1-of-2/
Audio link - Part 2 (#1264)
https://franklin-ma-matters.captivate.fm/episode/fm-1264-town-council-mtg-08-14-24-part-2-of-2/
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The Franklin TV video of the 3 hour 40 minute session can be found -> https://www.youtube.com/live/ucR5rvaR-Pk?t=73s
Agenda document for this session:
https://www.franklinma.gov/sites/g/files/vyhlif10036/f/agendas/town_council_agenda_aug_14_2024.pdfMy notes as captured during the session can be found in one PDF
https://drive.google.com/file/d/10kZggKLArBB2AbSMxRKHWb8b2iUFIhZH/view?usp=drive_link-------------
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August 14 Town Council meeting - audio in 2 parts: legislative update (2 hours) & remainder of meeting (1:40 ) |