The Warren Group
By Heather Hill Cernoch | 07/01/2011
According to the Warren Group, a Boston-based real estate data firm, foreclosure activity in Massachusetts dropped year-over-year in May, which marked the fewest number of deeds recorded in any month so far this year. Foreclosure deeds, which represent completed foreclosures, decreased almost 65 percent from a year earlier. Foreclosure petitions, which mark the first step in the foreclosure process, dropped almost 67 percent.
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By Heather Hill Cernoch | 05/18/2011
For the month of April, Massachusetts foreclosure activity remained at levels dramatically below those recorded last year, according to data released this week by the Warren Group in Boston. However foreclosure petitions, which mark the first step in the foreclosure process in the Bay State, posted their highest number so far this year.
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By Heather Hill Cernoch | 04/21/2011
Foreclosure activity is slowing in Massachusetts, according to the latest report by the Warren Group in Boston. Lenders filed 1,048 petitions to foreclose in the Bay State during March, a 60 percent decrease from March 2010. Foreclosure deeds also dropped, declining 60 percent from a year earlier. Likewise, auction announcements plummeted 62 percent.
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By Heather Hill Cernoch | 04/01/2011
Massachusetts' foreclosure petitions, the first step in the foreclosure process in the state, declined 67 percent in February when compared to a year earlier, according to the Warren Group, a Boston-based provider of real estate data. Completed foreclosures also fell sharply, dropping 44 percent on a year-over-year basis. The Warren Group called the numbers a "remarkable turnaround," demonstrating a new "go-slow attitude" among lenders.
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By Heather Hill Cernoch | 03/04/2011
According to the Warren Group, a Boston-based provider of real estate data and research, Massachusetts foreclosure activity posted double digit decreases in both starts and completed foreclosures in January. Foreclosure petitions and deeds dropped in every county in the state. The agency says, though, that it's likely the reduction is caused by lenders slowing their processes rather than improved financial stability among homeowners.
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By Heather Hill Cernoch | 01/20/2011
According to the Warren Group, a Boston-based provider of real estate data, the number of completed foreclosures in Massachusetts jumped almost 32 percent in 2010 to 12,233, up from 9,269 in 2009. However, it did not surpass the record 12,430 foreclosures in 2008. The company says the one bright spot in the state's annual data is that fewer people entered the foreclosure process compared to a year earlier, despite a slumping economy and high unemployment.
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By Heather Hill Cernoch | 01/04/2011
According to the Boston-based research firm the Warren Group, both year-over-year foreclosure petitions and deeds decreased in November by double-digit percentages in Massachusetts for the second consecutive month. Auction announcements tracked by the company also fell in November, as overall foreclosure activity in the state reached its lowest levels in 2010. The Warren Group attributes the steep decline to delays caused by servicers' robo-signing problems and temporary foreclosure suspensions by major lenders.
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By Heather Hill Cernoch | 11/24/2010
The Warren Group reports that year-over-year foreclosure petitions and deeds decreased in the Bay State during October. It was the first time this year that both petitions and deeds fell in Massachusetts. Foreclosure petitions plunged nearly 51 percent from October 2009 to 1,127 last month, the first month since January they have dropped below 2,000. Home sales also fell in October, down more than 28 percent. It's the fourth straight month of year-over-year sales declines.
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By Heather Hill Cernoch | 11/05/2010
Single-family home sales in Connecticut fell 14.25 percent in September from a year earlier, according to a new report by the Warren Group. It's the first month since February that the number of home sales has dropped below the 2,000 mark. Condominium sales in the state also fell sharply by 23 percent to the lowest level recorded in September in more than two decades.
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By Heather Hill Cernoch | 10/22/2010
Foreclosures started by lenders in Massachusetts during September declined from August by 23 percent and dropped 6.7 percent from a year earlier, according to a new report by the Boston-based research firm the Warren Group. Lenders filed 2,358 petitions to foreclose in September, the first step in the foreclosure process. Meanwhile, the number of completed foreclosures increased for the ninth straight month in Massachusetts.
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