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Massachusetts Home Buyer Guide

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What's Up With the Increase in Massachusetts Foreclosures?

Dec 5, 2015 10:18:06 AM

October Marked the 20th Straight Month of Year-over-year, Double-digit Increases in Foreclosure Petition Filings

The number of Massachusetts foreclosure petitions recorded in October increased 17.6 percent to 1,135 compared with 965 recorded in October 2014, The Warren Group, publisher of Banker & Tradesman, reported December 3, 2015. 

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Topics: Real Estate Market, Foreclosure News, The Warren Group

Despite Increases, There Isn't a Massachusetts Foreclosure Crisis

Nov 8, 2015 4:08:07 PM

It's true. Massachusetts foreclosure petitions have increased 19 straight months on a year-over-year basis.

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Topics: Real Estate Market, Foreclosure News, The Warren Group

Massachusetts Foreclosure Activity Increases in July 2015

Sep 3, 2015 7:55:37 AM

Although both the number of foreclosure petitions and foreclosure deeds recorded in Massachusetts increased in July, the foreclosure crisis is a thing of the past.

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Topics: Real Estate Market, Foreclosure News, The Warren Group

Massachusetts Foreclosure Petitions Up Again in June 2015

Aug 22, 2015 10:05:00 AM

The number of Massachusetts foreclosure petitions increased 81 percent in June compared to June 2014, The Warren Group, publisher of Banker & Tradesman, reported August 4, 2015. 

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Topics: Real Estate Market, Foreclosure News, The Warren Group

Massachusetts Foreclosures Up 82 Percent in May 2015

Jun 30, 2015 8:08:07 AM

The number of foreclosures in Massachusetts spiked in May and increased through the first five months of the year as well, The Warren Group, publisher of Banker & Tradesman, reported June 30, 2015.  

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Topics: Real Estate Market, Foreclosure News, The Warren Group

Massachusetts Foreclosure Starts Jump 45.4 Percent in 2014

Feb 7, 2015 8:30:00 AM

Lenders worked through the backlog of Massachusetts foreclosures in 2014. 

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Topics: Real Estate Market, Foreclosure News, The Warren Group

'Zombie' Foreclosures Decline in Massachusetts During Q3 2014

Nov 3, 2014 11:16:38 AM

Massachusetts saw the number of "zombie" foreclosures decline 46 percent in the third quarter of 2014 compared to Q3 2013, according to the "Zombie Foreclosure Report" released by RealtyTrac on October 30, 2014.  

RealtyTrac defines zombie foreclosures as residential properties in the process of foreclosure that have been vacated by the owners, but these properties have not gone through the entire foreclosure process yet. In Massachusetts – it is different from state to state – the recording of a foreclosure deed is the final step in the foreclosure process.

The number of zombie foreclosures nationwide totaled 117,298 in the third quarter, a 17 percent decline from the second quarter and 23 percent decline from Q3 2013 (152,033). Zombie properties comprised 18 percent of all active foreclosures in the United States during the third quarter. Not all of these properties will reach final foreclosure. Some will sell as short sales.

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Topics: Real Estate Market, Foreclosure News

Massachusetts Foreclosure Petitions Spike July 2014

Sep 3, 2014 8:45:00 AM

Massachusetts foreclosure petitions jumped 72.5 percent in July compared to July 2013, The Warren Group, publisher of Banker & Tradesman, reported September 2, 2014. 

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Topics: Foreclosure News, The Warren Group

U.S. Foreclosure Inventory Lowest in Six Years

Aug 30, 2014 8:55:00 AM

The U.S. foreclosure inventory declined 34.4 percent in July compared to July 2013, according to a report by Black Knight Financial Services, a data services company for the mortgage and loan services industry, Banker & Tradesman reported August 26, 2014.   

July marked the lowest level of foreclosure inventory since March 2008. 

There were 90,700 foreclosure starts in July, up 2.7 percent compared with June, but down 19.6 percent compared to July 2013.

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Topics: Foreclosure News

What's Going On With Foreclosures in Massachusetts?

Jul 24, 2014 10:02:00 AM

We announced in this blog in July 2013 (Massachusetts Foreclosure Crisis Over, Foreclosure Petitions Down 86%) and again in April 2014 (Safe to Say the Massachusetts Foreclosure Crisis is Over?) that the foreclosure crisis in Massachusets was over, dead, done with, kaput, and the crisis is definitely history; however, something surprising, if not completely unexpected, has happened in recent months.

Foreclosure petitions – the first step in the Massachusetts foreclosure process – have risen on a month-over-month basis for a couple months. By no means are we back in foreclosure crisis mode, not even close, but as lenders get the last of the foreclosures off their books there may be an opportunities for some home buyers and investors. 

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Topics: Real Estate Market, Foreclosure News, The Warren Group

Do Home Buyers Have Another Chance to Purchase a Foreclosure in MA?

Jun 5, 2014 11:45:00 AM

For home buyers who missed the chance to purchase a foreclosure a few years ago when Massachusetts foreclosures and short sales were plentiful, a very small window of opportunity may be opening, according to data released June 5, 2014 by The Warren Group, publisher of Banker & Tradesman.

The number of foreclosure petitions in Massachusetts increased 126.3 percent in April compared to April 2013. April's increase follows a 133.2 percent year-over-year increase in March. A foreclosure petition is the first step in the Massachusetts foreclosure process. Not every foreclosure petition filed will result in a completed foreclosure. In fact, with the increase in home prices over the last two years, some homeowners facing foreclosure may simply sell their homes to avoid foreclosure. 

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Topics: Foreclosure News, The Warren Group

U.S. Foreclosure Inventory Declines 35 percent in February 2014

Apr 5, 2014 8:45:00 AM

U.S. foreclosure inventory declined 35 percent in February compared to February 2013, Corelogic, a California-based real estate data and analytics provider, reported April 3, 2014.

As of February 2014, approximately 752,000 homes in the United States were in some stage of foreclosure, known as the foreclosure inventory, compared with 1.2 million in February 2013.

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Topics: Real Estate Market, Foreclosure News

   

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