Massachusetts Foreclosure Data and Statistics
Foreclosures are spreading like wildfire in the suburbs. And while sad as this wave of distress is, it may provide some buying opportunities in our perpetually overpriced Greater Boston market. I spent time last night studying a foreclosure spreadsheet covering most of the towns and cities across our metro area put together by RealtyTrac. The [...]
Home Loan Delinquency Rates Rise Based on Foreclosures
Home-loan delinquency rates in the US reached 10% in December, up from the record-high 9.97% in November [1], according to Lender Processing Services (LPS [2]: 38.85 -0.05%), which provides data on mortgage performance. Accounting for foreclosures in the pipeline, the total non-current rate stands at 13.3%, according to the data in the LPS database. When [...]