February recording statistics

Mixed news from February's recording statistics: deeds and mortgages are up compared to a year ago, but so are new foreclosures.  The number of deeds recorded in February 2012 rose 34% from February 2011 (288 in 2011 to 385 in 2012).  Mortgages were up even more, rising 38% (774 in Feb 2011 to 1069 in Feb 2012).  Foreclosure deeds stayed about the same (23 in 2011 vs 24 in 2012) but orders of notice rose 47%, climbing from 53 in 2011 to 78 in 2012. 

The positive news continues, more or less, when February 2012 is compared with January 2012.  Deeds rose 13% (342 in January to 385 in February), mortgages rose 3% (1039 in Jan vs 1069 in Feb), and foreclosure deeds dropped 37% (38 in Jan down to 24 in Feb).  Only orders of notice were troublesome.  They rose 41%, from 46 in January to 78 in February.