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Just a few months after the bill’s passage, the state recorded only 371 foreclosure deeds in October, down from 775 filings a year before. On the other hand, foreclosure petitions rose 22% in ...
A foreclosure and a deed in lieu have one main thing in common: In either situation, the lender takes full ownership of a property from a homeowner who hasn’t made their mortgage payments.
Year-to-date, there have been 6,861 foreclosure deeds filed this year, a 2.5-percent drop from 2011. Meanwhile, Middlesex County saw its completions drop 6.4 percent this year, from 1,031 to 965.
A deed in lieu of foreclosure is an option taken by a mortgagor—often a homeowner—to avoid foreclosure. It is a step usually taken only as a last resort when the property owner has exhausted ...
Example of Deed of Reconveyance If an individual purchases a house and takes out a $400,000 mortgage, borrowing from a bank or mortgage lender, the property will serve as collateral under the deed ...
Through October of this year, there were 6,324 foreclosure deeds in Massachusetts, compared to 2,112 at the end of October 2006. There were just 2,634 foreclosure deeds in the state for all of 2006.
It was the third straight month of year-over-year foreclosure deed decreases, the group reported, and a drop of 40 percent compared to August 2011's 947 completed foreclosures.
Foreclosure petitions — the first step in the foreclosure process in Massachusetts — dropped to 2,307 in July, a 20.4 percent decrease from 2,899 in July 2009.
A new report says foreclosure deeds increased 72 percent in Massachusetts during the first three quarters of 2008, although the numbers have tailed off over the last four months. The Warren Group, … ...
The number of foreclosure deeds filed in Suffolk County – which consists of Boston, Chelsea, Revere and Winthrop – in the first two months of this year fell 22.3 percent from the same time in ...
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