foreclosure statistics
Massachusetts Foreclosure Default Notices on the Rise
Rising unemployment and more adjustable-rate loans resetting to higher monthly payments are boosting foreclosure filings in the region. The number of homeowners in the Boston metropolitan area who received default notices – the first step in the foreclosure process – swelled to 7,962 in the third quarter, a 19.4 percent increase over the same period [...]
Late Leap in Massachusetts Foreclosure Rates
The Bay State may not be a national leader when it comes to the foreclosure epidemic. That honor still rests with such boomtown states gone bust as Nevada, Arizona and California. That’s the good news. But let’s not get smug here. The latest numbers from RealtyTrac are out, and they don’t look good for Massachusetts. [...]
Massachusetts Foreclosure Data and Michigan Foreclosure Data | Massachusetts Foreclosure Charts and Michigan Foreclosure Charts
Real estate research firm Lender Processing Services has released an interesting look at the impact of foreclosure sales on home prices on a state-by-state basis. “REO sales account for as much as 60 percent of housing activity in some states,” Nima Nattagh, Ph.D., of LPS Applied Analytics, said in a press release. “Our study contains [...]
Harvard MBA Students Support Fight Against Massachusetts Foreclosure
The Homeownership Preservation Foundation (HPF) today announced that it was teaming up with students at Harvard Business School (HBS) to support the Foundation’s mission of preventing foreclosure and preserving homeownership. Beginning in the fall semester, students of the class of 2010 will work alongside the Homeownership Preservation Foundation in several independent field studies aimed at [...]
Second Boston Foreclosure Wave Coming? Massachusetts Foreclosures Could Increase.
Home sales were up again yesterday nationally, rising 3.6 percent over June. It was the third straight, month-over-month increase, and the latest sign that life of some sort may be finally returning to a sector that was all but dead few months ago. (Of course, prices just keep on falling, with the median sale price nationally [...]
Massachusetts Foreclosure Data from June – Increasing Massachusetts Forecloures
Massachusetts foreclosure petitions in June jumped to 2,835 – more than eight times higher than the 350 petitions in June 2008 and 21.7 percent higher than the 2,329 filings in May, said the Warren Group, which added that the number of petitions to foreclose in June was the highest it’s been in the previous 13 months. [...]
Massachusetts Foreclosures Rise in Salem, Decline in Beverly
Massachusetts Foreclosures PEABODY — As foreclosures continue to rise across the country, activity on the North Shore has fluctuated depending upon the community. As it did last year, Peabody had 30 recorded foreclosures through the first five months of this year. Foreclosures also held steady in Danvers, increasing by just one to 10 during the [...]
Facing Foreclosure in Massachusetts? You Have Options!
We are facing an unprecedented rise in foreclosures in the United States that threatens our financial security and the stability of our communities. Today, every homeowner is acutely aware of the rapid decline in property values. The real estate euphoria that took place during the “boom” years at the beginning of this decade has vanished. [...]
Massachusetts Foreclosures Decline 59% in May
Foreclosure deeds filed in Massachusetts in May dropped 58.6 percent from the previous year, although foreclosure petitions — the first step in commencing foreclosure proceedings — rose sharply, according to The Warren Group. Deeds filed in May were also 24.3 percent below April’s count and, year-to-date, were 26.3 percent below the first five months of [...]
Massachusetts Foreclosures Decline 4% in February 2009
Massachusetts Foreclosures declined, according to the the Warren Group, using the latest full month of data available. They report that 823 foreclosure deeds were filed in Massachusetts in February 2009. According to the Warren Group, 860 foreclosure deeds were filed in Massachusetts in February 2008. Year over year, this represents a 4.3% decline in the [...]