Wednesday, November 16, 2011

Mid-month statistics

November is half over so its time to take a peek at our recording statistics to date.  The number of deeds and mortgages recorded during the first fifteen days of 2011 is almost unchanged from the same period in 2010.  From November 1 through 15 of 2010, there were 212 deeds and 760 mortgages.  For the same fifteen days in 2011, there were 216 deeds and 754 mortgages, an increase of 2% and a decrease of 1% respectively.

Foreclosure related documents are a different story and unfortunately the theme of that story is not a good one.  The number of orders of notice recorded from November 1 through 15 of 2011 was 48 which is an 85% increase from the 26 recorded during the same period in 2010.  Similarly, the number of foreclosure deeds for this period of 2011 was 21 which constituted a 91% increase from the 11 recorded in 2010.  These foreclosure increases haven't continued for long enough to declare them to be a trend, but they certainly bear watching.  More on that in future posts.

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