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…
Friday, January 6, 2012
While foreclosure activity across the city is still down compared to the previous year, November saw a year-over-year increase in activity.
While foreclosure activity in Melrose is still down in 2011 compared to 2010, according to the latest figures from The Warren Group, November saw a year-over-year increase in activity. There were five foreclosure petitions—the first step in the foreclosure process—filed against Melrose properties in November, compared to three filed in November 2010. Statewide, petitions dropped to 1,015, an 8 percent decline from 1,109 a year earlier. Year-to-date numbers still look better than 2010. There have been 24 petitions filed against Melrose properties through November 2011, a 55 percent decrease from the 53 petitions filed in January-November 2010. Statewide, November marked the fifth consecutive month that foreclosure petitions stayed above 1,…
Thursday, May 19, 2011
The Warren Group CEO warns that cautious approach by lenders could explain low foreclosure statistics in Massachusetts in first four months of 2011.
Melrose has seen far fewer completed foreclosures through the first four months of the year compared to the same time period last year, a trend mirrored statewide, and the city has also seen fewer foreclosure proceedings start, according to the latest figures from The Warren Group. No foreclosure deeds—which represent completed foreclosures—were filed against Melrose properties in April, compared to two deeds filed in April 2010, and so far this year, there has only been one completed foreclosure in Melrose. In the first four months of 2010, there were nine completed foreclosures. Statewide, there were 519 foreclosure deeds filed last month, which is a decrease of 62 percent from the 1,375 deeds that were filed in April 2010. A total of 2,…
gregkinard
4:04 am on Saturday, January 7, 2012
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