Bay State Foreclosure Deeds Continue To Climb In July; Petitions Drop 20 Percent (Banker & Tradesman) – August 31, 2010

by | Jun 21, 2011 | Housing News

More than 1,200 foreclosures were recorded in Massachusetts in July, a near 80 percent increase from the same month in 2009, while foreclosure petitions decreased by more than 20 percent, according to The Warren Group, publisher of Banker & Tradesman.

In July, 1,243 foreclosure deeds were recorded, up from 692 in July 2009. Foreclosure deeds declined from a month ago, when there were 1,315 completed foreclosures. The Bay State is on track to outpace foreclosure activity from the past two years. A total of 8,676 foreclosure deeds have been completed this year, up 60 percent from the same period last year. There were 12,430 and 9,269 foreclosure deeds in 2008 and 2009, respectively.

Please click here for the full article from Banker & Tradesman.

Economic Contributions of Housing Permitted through Chapter 40B (UMass Donahue Institute) – September 15, 2010

by | Jun 21, 2011 | Housing News

BOSTON, MA – September 15, 2010 – The affordable housing law has been a boon to the Massachusetts economy, according to a new study released today by the University of Massachusetts Donahue Institute. In the last decade, nearly 22,000 homes have been built under the affordable housing law, also known as Chapter 40B. These homes have resulted in a total of 47,700 jobs and $9.25 billion in economic activity, according to the study.

To read the full press release, click here.

To read the full report, click here.

Mass. Feb. Foreclosure Petitions Up From Jan., Down Year-Over-Year (Banker & Tradesman) – March 25, 2010

by | Jun 21, 2011 | Housing News

The number of foreclosures started by lenders in Massachusetts during the month of February increased 13.2 percent from the prior month but was down 7.5 percent from a year ago, according to The Warren Group, publisher of Banker & Tradesman.

Lenders filed 2,122 petitions to foreclose – which mark the first step in the foreclosure process in Massachusetts – in February, up from 1,874 in January but down from 2,295 in February 2009. A total of 3,996 petitions to foreclose have been filed in the first two months of 2010, a 6.1 percent drop from 4,255 a year earlier.

Please click here for the full article.