Five years of foreclosures

After posting end of September statistics that showed a 100% increase in the number of orders of notice (the document that starts the foreclosure process)filed in September 2009 as compared to September 2008, someone asked that I provide a graph showing more long-term trends in foreclosures. Clicking here will open a PDF version of a line graph that tracks the number of orders of notice and of foreclosure deeds recorded here in Middlesex North on a quarterly basis from January 2004 up to the present. The largest number of orders of notice recorded during this period came in the 1st quarter of 2007 when 304 were recorded. Next came 1st quarter 2008 which had 268 (by way of comparison, September 2009 had 226). As for foreclosure deeds, the peak number was reached in the second quarter of 2008 (209 records) with 3rd quarter 2008 as the runner-up (155 recorded).