Wednesday, May 18, 2011

Good News & Bad News

There is good news and bad news concerning foreclosures in Massachusetts.

First the good news...

According to a Boston Globe article dealing with foreclosures:

There were 518 (foreclosure deeds) in April, a 6.2 percent decline from March and a 62.3 percent slide from the 1,375 recorded in April 2010. Through the first four months of 2011, there have been 2,111 deeds recorded, a 56.2 percent decrease from January through April of last year.

And now the bad news...

According a Boston Globe article dealing with foreclosures:

The 1,192 foreclosure petitions filed last month (April) marked a nearly 14 percent increase over March and was the highest monthly total since September, according to data released yesterday by Warren Group, a Boston company that tracks local real estate. A petition is typically triggered when a homeowner is more than three months behind on mortgage payments, and is the first step in the foreclosure process.

You can read the Globe article in its entirety here.

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