Foreclosure petitions fall in Mass., Bristol County in September

FORECLOSURE PETITIONS in Massachusetts fell 18.7 percent over the year in September, and decreased nearly 10 percent in Bristol County, according to The Warren Group.  / BLOOMBERG FILE PHOTO/JEFF KOWALSKY
FORECLOSURE PETITIONS in Massachusetts fell 18.7 percent over the year in September, and decreased nearly 10 percent in Bristol County, according to The Warren Group. / BLOOMBERG FILE PHOTO/JEFF KOWALSKY

BOSTON – Foreclosure petitions in Massachusetts fell 18.7 percent over the year in September, and decreased nearly 10 percent in Bristol County, according to a report released Wednesday by The Warren Group.

The Warren Group said that lenders in the Bay State filed 958 petitions to foreclose in September, compared with 1,179 filed in September of last year. In Bristol County, 113 petitions were filed versus 125 a year ago.
Petitions mark the first step in the foreclosure process, when lenders file notice of their intention to foreclose with the commonwealth’s Land Court.
“Foreclosure starts are beginning to ease,” Timothy Warren, CEO of The Warren Group, said in a statement. “The backlog of delinquent mortgages being fed into the foreclosure pipeline may be on the wane after two-and-a-half years of heavy processing work. The real estate market in Massachusetts is too strong to have foreclosure starts increase at the recent pace.”
There were 623 auction notices filed statewide in September, a 7.9 percent increase from 577 filed in September 2015. However, there were 65 auction notices filed in Bristol County in September, a 16.7 percent drop from 78 in September 2015.
There were 602 foreclosure deeds – representing completed foreclosures – filed statewide in September, a 67.2 percent jump from 360 deeds filed at the same time last year. Following the statewide trend, Bristol County experienced an 85.7 percent hike in foreclosure deeds filed over the year, to 78 from 42.

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