Pace of Foreclosure Petitions Slow In Massachusetts

By
Real Estate Agent with Buyers Brokers Only, LLC

The pace of Massachusetts foreclosure petitions, the first step of the foreclosure process, have begun to slow, The Boston Globe reported March 3, 2010.

In the month of January the number of new petitions dropped to a 12-month low.

According to the Warren Group, a Boston-based real estate market tracking company, the number of foreclosure deeds in the month of January was at the highest level since 2006. A foreclosure deed is typically one of the last steps in the foreclosure process. While deeds from January 2009 to 2010 increased by 8.5 percent, petitions decreased by 9.03 percent compared to December of 2009, and decreased by 4.4 percent from January 2009.

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Topic:
Real Estate Market Trends
Location:
Massachusetts
Groups:
Boston Area Real Estate
MA REALTORS
Massachusetts
Posts to Localism
Tags:
foreclosures
foreclosure crisis
foreclosure petitions
home foreclosure
the warren group

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Rainmaker
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Edward & Celia Maddox
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Thanks for sharing.  We learn a lot from Active Rain blogs.  Best Regards,

Mar 19, 2010 03:19 AM #1
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Richard Rosa

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