economic indicators

Foreclosures fall in Prov. metro in April, but more to come in R.I.

BLOOMBERG FILE PHOTO/JEFF KOWALSKY
BOTH FORECLOSURE STARTS and completions fell in the Providence-Fall River-New Bedford metropolitan area in April, according to RealtyTrac.
Posted 5/9/13

PROVIDENCE – April foreclosure starts in the Providence-Fall River-New Bedford metropolitan area dropped 7.8 percent, and completed foreclosures fell 32.5 percent compared with the same period last year, according to RealtyTrac’s latest report.

The California-based real estate tracking firm said lenders initiated foreclosure proceedings on 309 metro-area properties in April compared with 335 in April 2012. Completed foreclosures dropped to 170 last month from 252 last April.

The declines were most significant in Bristol County, Mass., where foreclosure starts plunged 84 percent and completed repossessions fell 32.5 percent. There were 20 completed Bristol County repossessions reported last month compared with 126 in March 2012.

Bristol County followed the rest of Massachusetts, where total statewide foreclosure starts fell 82.2 percent.

On the other hand, in Rhode Island, the 289 April foreclosure starts represented a 38.3 percent increase from last April, when there were 209. Completed Rhode Island foreclosures fell 32.5 percent from 203 last April to 141 last month.

No comments on this story | Add your comment
Please log in or register to add your comment
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News