Massachusetts Petitions to Foreclose Nearly Double in February; Auction Announcements up Almost 200 Percent, According to The Warren Group
March 15th, 2007 . by Brecht PalomboForeclosures Accelerate During First Two Months of 2007 Compared with Year-Before Numbers
BOSTON–(BUSINESS WIRE)–Delinquent mortgage payments in Massachusetts continued to plague the industry in February as the number of petitions to foreclose rose 92.1 percent compared to the number filed in February 2006. Advertisements for foreclosure auctions also increased 199 percent compared with February 2006, according to The Warren Group, publisher of Banker & Tradesman.
Sphere: Related ContentMortgage lenders filed 2,242 petitions to foreclosure in Massachusetts Land Court in February, compared with 1,167 in February 2006 and 1,021 in February 2005. There were 1,005 advertisements for foreclosure auctions in February 2007, while there were 336 in February 2006, and 315 in February 2005. Click Here For the Full Story