Thursday, April 4, 2013
While foreclosure activity decreased in Massachusetts in February, completed foreclosures in Melrose increased during the same time period, according to a Warren Group press statement.
While foreclosure activity decreased in Massachusetts in February, completed foreclosures in Melrose increased during the same time period, according to a Warren Group press statement. There were four foreclosure deeds, which represent completed foreclosures, recorded in Melrose during February, while there were none in February 2012. In February, 240 foreclosure deeds were filed statewide, down almost 69 percent from 767 in February 2012, reads the statement. Melrose's year-to-date foreclosure deeds total four, compared to three filed in 2012 during the same time period. Statewide year-to-date foreclosure deeds are down 66 percent, according to the statement. A total of 532 deeds have been filed so far this year, compared to 1,566 during …
Thursday, March 21, 2013
Massachusetts foreclosures decreased in January, posting double-digit decreases in both starts and completed foreclosures, according to the latest data from The Warren Group, publisher of Banker & Tradesman.
Completed foreclosures in Melrose and Massachusetts decreased in January, according to a Warren Group press statement. There were no foreclosure deeds, which represent completed foreclosures, recorded in Melrose during January, while there were three in January 2012. In January, there were 292 foreclosure deeds filed statewide, a 63 percent decrease from 799 deeds recorded in January 2012, reads the statement. There were three foreclosure petitions, which marks the start of the foreclosure process, filed against a Melrose property in January, while there was one filed in January 2012. Statewide foreclosure petitions declined nearly 30 percent - dropping to 940 from 1,333 in January 2012, according to the statement. "We're finally seeing …
Tuesday, September 25, 2012
Foreclosures in Melrose increased slightly in July compared to last year, as there have been more foreclosures year-to-date in 2012, according to a press statement by Boston-based real estate publisher The Warren Group.
Foreclosures in Melrose increased slightly in July compared to last year, as there have been more foreclosures year-to-date in 2012, according to a press statement by Boston-based real estate publisher The Warren Group. There were four foreclosure petitions filed for Melrose properties in July compared to two in July 2011, according to the statement. Year-to-date, there have been 29 foreclosures in Melrose, up from 14 through July of 2011, according to the statement. The numbers in Melrose are comparable to state averages. Foreclosures were down 17 percent—from 1,441 to 1,198—in July 2012 compared to July 2011, according to the statement. However, foreclosures are noticeably higher statewide from last year, with 6,856 initiated through …
Tuesday, July 24, 2012
While the number of advertised foreclosure auctions in the city fells in June compared to last year, petitions and deeds both slightly increased year-over-year.
While statewide foreclosure activity somewhat abated in June and advertised foreclosure auctions in Melrose fell compared to last year, foreclosure activity in the city continued last month to outpace 2011, according to the latest figures from The Warren Group. There were four foreclosure petitions filed against Melrose properties last month, the same number of petitions filed in May. There were three petitions, which represent the first step in the foreclosure process, filed in June 2011. Statewide foreclosure petitions fell to their lowest level so far this year, with 1,254 petitions recorded in June, a 29.5 percent decrease from May. Year-over-year foreclosure petitions, however, rose almost 27 percent in June, from 990 in June 2011. …
Monday, June 25, 2012
While statewide foreclosure activity rose again in May, Melrose's foreclosure activity stayed the same year-over-year.
While statewide foreclosure activity rose again in May, Melrose's foreclosure activity stayed the same year-over-year, according to the latest figures from The Warren Group. Last month there were four foreclosure petitions—which represent the first step in the foreclosure process—filed against Melrose properties, the same number of petitions filed in May 2011. Statewide, the number of foreclosure petitions more than doubled year-over-year, rising to 1,724 from 699 in May 2011. Petitions have surpassed the 1,000 mark every month since July. The number of Melrose foreclosure petitions in Melrose so far this year is still far outpacing last year, with 20 filed year-to-date, compared to nine filed in the same time period last year. Statewide, …
Friday, June 8, 2012
The Warren Group cautioned that low foreclosure numbers last year led to an inevitable rise in activity so far in 2012.
Like the rest of Massachusetts, Melrose saw foreclosure activity in 2012 remain at higher levels in April, according to the latest figures from The Warren Group. The Warren Group said in a press release that foreclosure petitions, which mark the first step in the foreclosure process, posted the highest number in nearly two years this past April. Four foreclosure petitions were filed against Melrose properties in April, compared to none in the same month last year. Statewide petitions rose almost 47 percent year-over-year to 1,750 from 1,191 in April 2011. This was the highest level of petitions since September 2010, when there were 2,358 starts, The Warren Group said in the press release. So far in 2012 there have been 16 petitions filed …
Thursday, May 3, 2012
Melrose saw year-over-year increases in foreclosure starts and completed foreclosures in March.
Melrose foreclosure activity in March surpassed its numbers from one year ago as those numbers continued to climb during the first quarter of the year, matching a statewide increase in activity according to the latest figures from The Warren Group. Six foreclosure petitions, the first step in the foreclosure process, were filed against Melrose properties in March, compared to two filed in March 2011. Statewide, lenders filed 1,621 petitions to foreclose in March, a 54.7 percent increase from 1,048 in March 2011. During the first three months of the year, 12 petitions to foreclose have been filed in Melrose, a 140 percent increase over the five filed in the first quarter of last year. Statewide, a total of 4,348 petitions to foreclose have …
Wednesday, March 28, 2012
The city had year-over-year increases in foreclosure petitions, the first step in the process.
Melrose had a year-over-year increase last month in foreclosure starts, mirroring a statewide jump in foreclosure activity during February, according to the latest figures from The Warren Group. However, given the the slow pace of foreclosure activity a year ago and that last month's numbers compare favorably to years before 2011, The Warren Group CEO Timothy M. Warren Jr. said in a press release that the increase shouldn't be cause for alarm. "The large year-over-year increase doesn't necessarily indicate another wave of foreclosures," Warren said in the release. "Foreclosure activity was nearly frozen a year ago and now they're beginning to thaw again." Five foreclosure petitions, which represent foreclosure starts, were filed against …
Friday, March 9, 2012
The city saw year-over-year increases in auctions and completed foreclosures, but a drop in foreclosure starts.
Melrose had year-over-year increases in foreclosure auctions and completed foreclosures in January, according to the latest figures from The Warren Group, and a drop in foreclosure starts. The increase in foreclosure activity matches a statewide increase, with both starts and completed foreclosures soaring in January according to The Warren Group. In Melrose, there were six auction announcements in January. In the same month last year, there was only one. Statewide, a total of 1,512 auction announcements were tracked in January, a 31 percent incline from 1,150 during the same month the previous year. The city also had three foreclosures deeds filed in January, which represent completed foreclosures, compared to one deed the same month last…
Wednesday, February 1, 2012
Both the number of foreclosure starts and completed foreclosures dropped by more than half year-over-year, while auctions were down as well.
Matching a statewide year-over-year decrease in foreclosure activity, both the number of foreclosure starts and completed foreclosures in Melrose dropped by more than half year-over-year in 2011, while auctions were down as well, according to the latest figures from The Warren Group. In 2011, foreclosure deeds—which represent completed foreclosures—were filed against 12 Melrose properties. That's down 60 percent from the 30 deeds filed in 2010. Statewide, the number of completed foreclosures dropped by more than 30 percent in 2011 to 8,528, down from 12,238 in 2010. Foreclosure petitions, which are the first step in the foreclosure process, were also down. In 2011, 26 petitions were filed against Melrose properties, an almost 53 percent …
