BOSTON, January 2, 2013 – The number of completed foreclosures in Massachusetts declined again in November, marking the sixth straight month of year-over-year declines, according to The Warren Group, publisher of Banker & Tradesman. Meanwhile, foreclosure petitions also decreased in November, dropping to the lowest level so far this year.
Recent Massachusetts Foreclosure Activity: As a recap there are three items that are tracked for foreclosures which are the petitions (which is the first step for a foreclosure), the actual auctions scheduled and finally the foreclosure deeds, which is where the bank takes the property back at the auction (when nobody else is willing to buy it at the auction).
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its debut at seventh on the list, with foreclosure activity increasing 115 percent. From 2007 to the first half of 2008, foreclosure activity decreased 8 percent. outcomes for individual towns and cities is mixed. Lawrence remained at the top of the list, with a 3 percent decrease in activ-ity.
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The state is raking in record-high revenues this year, including another $1.1 billion collected in November, $4 million short of. The number of foreclosures in Massachusetts has increased by more.
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Foreclosure activity in the New Orleans metropolitan area in November was up 35 percent when compared with October thanks to notable upticks in foreclosure
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The foreclosure rate did drop, though, nearly 31 percent from october 2010. “The October foreclosure numbers continue to show strong signs that foreclosure activity is coming. in defaults in.
A rise in mortgage rates in recent weeks had. also the lowest since the week ended november 21, 2008. Kevin Walker, CEO of MortgageReport.com in Newton, Massachusetts, a new resource for homeowners.