Massachusetts foreclosure activity rises in November

Massachusetts foreclosure activity rises in November

California stays in pole position, anyway California foreclosure activity in October decreased 18 percent from the previous month, but the state still posted the highest number of properties with.

The increase in activity was a result of banks resuming foreclosure activity following a mortgage abuse settlement reached earlier this year, said the Warren Group, a Boston firm that tracks real estate data.

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The number of foreclosure petitions in Massachusetts rose in November, rising 150% from 257 in 2013 to 643 in 2014, according to a new report from the Boston Business Journal.

Warren Jr., the chief executive of the Warren Group. “What is happening in Massachusetts with increased foreclosure activity is happening nationwide.” Although not all initiated foreclosures result in.

Recent Massachusetts Foreclosure Activity: As a recap there are three items that are tracked for foreclosures which are the petitions (which is the first step for a foreclosure), the actual auctions scheduled and finally the foreclosure deeds, which is where the bank takes the property back at the auction (when nobody else is willing to buy it.

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A drastic reduction in foreclosure activity points to the end of Massachusetts’ foreclosure crisis. Meanwhile, home prices are on the rise because demand outpaces supply. The median selling price.

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@bicadmedia/Unsplash Foreclosure filings decreased 15.44 percent nationally from August to September. According to ATTOM Data Solutions, a firm that tracks foreclosures, this is how the 50 states.

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Massachusetts foreclosure listings. We provide nationwide foreclosure listings of pre foreclosures, foreclosed homes , short sales, bank owned homes and sheriff sales. Over 1 million foreclosure homes for sale updated daily. Founded in 1998.

In the Puget Sound area, King County reported the most foreclosure filings and Snohomish County the fewest. Pierce County had the largest rise in activity, with 43 percent. which was down 18.

What the Heck’s going on with Foreclosures? Why this Spike?. When home prices rise for years, foreclosure filings become rare because defaulting homeowners can usually sell the home for more than they owe and pay off the mortgage.. "the foreclosure activity increases in states such as.

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