The Massachusetts foreclosure crisis shows no signs of abating with a new report from real estate publisher The Warren Group concluding that foreclosure deeds hit their highest level in recorded history last month.

April’s statistics are even more alarming when considering The Warren Group’s foreclosure report originated three years ago with only 329 foreclosure deeds on file for the first four months of 2005. Over the past three years, that figure has increased 1,165-percent, with foreclosure filings during the first four months of this year hitting 4,161, according to The Warren Group’s latest April report.
“The Massachusetts foreclosure mess is just not getting better,” said Timothy Warren Jr., chief executive officer of The Warren Group. “Thousands of homeowners are entering the foreclosure process every month, and about one-third of them are losing their homes. It’s staggering to see how the numbers have exploded in the past three years.”
Year-to-Year statistics show even more dramatic increases between the years 2007 and 2008. In April of this year, The Warren Group recorded 1,334 foreclosure deeds in the Bay State, a 187-percent increase over the 464 deeds filed in April of last year. And, during the first four months of 2008, the company recorded 4,161 foreclosure deeds, a 152.2-percent increase over the 1,650 deeds filed during the first four months of last year.