Middlesex Properties News

Local foreclosures increase dramatically in recent months (Melrose Free Press)
Melrose has not been spared the financial and emotional cost as bank foreclosures on properties run rampant across the nation in the wake of a global financial crisis that initially began with subprime mortgages. This, despite the fact that Melrose remains a relatively stable market in terms of home sales while elsewhere, housing sales continue to stagnate nationwide.

N.J Democrats advance economics package (The Philadelphia Inquirer)
TRENTON - New Jersey Democrats yesterday advanced a series of measures intended to help homeowners and spur economic activity, a day after Gov. Corzine said the nation's economic woes had led to plummeting state revenue.

It’s all-in to pay for gypsy moth spray (The Sentinel)
Every Cumberland County municipality selected for gypsy moth spraying will participate in next year’s suppression program, according to the county’s vector control office.

MWRA tank is new wrinkle in Stoneham project standoff (Boston Globe)
The proposed Langwood Commons residential project in Stoneham has been embroiled in court battles with the state and with local environmental groups for nearly a decade, and the site's owners would consider abandoning it entirely should an offer for the Woodland Road property present itself.

Investors Bancorp, Inc. Announces First Quarter Financial Results (PR Newswire via Yahoo! Finance)
Investors Bancorp, Inc. , the holding company for Investors Savings Bank , reported today the results of its operations for the three months ended September 30, 2008.

Medford man sentenced to five years in jail after pleading guilty to stealing identities, fraud (Medford Transcript)
 Suffolk Superior Court Judge Judith Fabricant sentenced Medford resident Gerald Schena to serve five years in the House of Correction, to be followed by 10 years of probation for his part in several fraud and identity theft schemes.

Matthew Bell: The IoS Diary (Independent)
The financial meltdown will be debated in the House of Lords tomorrow. Among those speaking are some formidable experts on economics, including John Maynard Keynes's biographer, Lord Skidelsky, two former Chancellors of the Exchequer, Lords Lamont and Lawson, and Lord Desai, a top economist. Also popping up will be the Labour peer Lord Peston, father of the BBC's business editor, Robert. The ...

Open space funds among top issues in county race (East Brunswick Sentinel)
Six candidates are vying for three seats on the Middlesex County Board of Chosen Freeholders. Next week, voters will choose among them to fill two three-year terms and a one-year unexpired term.