Foreclosure Numbers in Somerville Remain Low

After a slight increase in foreclosures in the first quarter of the year, April saw a drop in numbers.

There was one completed foreclosure in Somerville in April, and so far this year there have been nine completed foreclosures, according to figures from The Warren Group, publisher of Banker & Tradesman.

By comparison, there were four completed foreclosures in Somerville during April of 2011, and 10 through the first four months of that year.

These relatively low numbers are in contrast to what's happening across the state, where "foreclosure activity in April remained at levels dramatically higher than those recorded last year," according to the real estate and financial information firm.

Across Massachusetts, there were 714 completed foreclosures in April, compared to 598 in April of 2011. So far this year, there have been 2968 foreclosures in Massachusetts, up from 2275 in the first four months of last year.

When it comes to foreclosure petitions, which represent the first stages of the foreclosure process, there have been 15 in Somerville this year, compared to 11 last year. In both April of 2012 and 2011, there were three foreclosure petitions in Somerville.

How does Somerville compare?

Cambridge has seen seven completed foreclosures this year, compared to 10 in the first four months of 2011.

Medford has had 16 completed foreclosures this year, compared to 12 last year.

Arlington had three this year, compared to two last year.

Malden has seen 33 foreclosures through April, compared to 17 during the same time period last year.


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