Items Tagged with 'Massachusetts Land Court'

ARTICLES

  • Bay State Foreclosures Up 80 Percent In First Quarter of 2007

    It didn't get any easier for thousands of Massachusetts mortgage holders to pay their bills during the first quarter, as a new report released Monday found that petitions to foreclose rose 79.8 percent compared with the first quarter in 2006. In addition to the documented rise in pending foreclosures, foreclosure sales in the Bay State jumped an eye-opening 191.7 percent when compared with the first quarter of last year, according to the report published by The Warren Group.
    Read More
  • Mass. Default Notices Up 70 Percent in 2006; Foreclosure Sales Up 46 Percent

    Massachusetts' slumping housing market appears to be affecting the mortgage industry and homeowners, according to a report released today. Almost 70 percent more lenders started the foreclosure process against Bay State homeowners in 2006 than in 2005, and 46 percent more homes were advertised to be auctioned, according to data compiled by The Warren Group. Mortgage lenders filed 18,926 petitions to foreclose in Massachusetts Land Court last year, compared with 11,155 in 2005, and lenders announced 6,729 foreclosure auctions in 2006, compared with 4,620 in 2005. Petitions to foreclose are the first step in the foreclosure process, and do not always end in actual foreclosure. Some homeowners eventually sell their homes or refinance.
    Read More