BOSTON – The number of foreclosures in Massachusetts fell “dramatically” in April, dropping below 800 foreclosure deeds a month for the first time in six months, according to a statewide report released today by The Warren Group, a real estate tracking firm.
Statewide foreclosures fell 44 percent, dropping to 755 foreclosures from the 1,344 deeds filed in the same month a year ago. In Bristol County, the number of foreclosure deeds fell 49 percent year over year, dropping from 132 to 67.
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“The good news is that the number of foreclosure deeds recorded in April was the lowest in a single month in over a year and lenders have been starting far fewer foreclosure proceedings this year compared to last year,” Warren Group CEO Timothy M. Warren Jr. said in a statement.
“But I’m a little cautious about being overly optimistic with this latest report, because the employment picture hasn’t changed much and mortgage loan delinquencies have been trending up,” Warren said.
Year-to-date foreclosure filings are down only 16 percent statewide – dropping from 4,171 deeds at this point last year to 3,510.
In Bristol County, 315 homes were foreclosed on during the first four months of the year. That represented a 24-percent drop from the same period a year ago.
The Warren Group Inc. is a provider of New England real estate data and the publisher of Banker & Tradesman and other journals. Additional information is available at TheWarrenGroup.com.
