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

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.

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