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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.
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, … ...
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 ...
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 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.
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 ...
There have been 4,702 deeds recorded in Massachusetts year to date, a 48.8 percent increase from the 3,159 filed through September 2015.
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.
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