Somerville Foreclosures Down in July

Foreclosure numbers remained relatively low in Somerville through July.

Somerville foreclosures were down in July when compared to July of 2011, according to figures released Monday by The Warren Group, publisher of Banker & Tradesman.

There were 2 completed foreclosures in Somerville in July, according to the figures, compared to 4 in July of 2011.

When it comes to foreclosure petitions, which represent the beginning of the foreclosure process, the numbers were also down. There were 3 foreclosure petitions in July, compared to 9 in July of 2012.

On the year, through July, there have been 17 completed foreclosures, compared to 21 during the same period of 2011.

One number was slightly up: On the year through July there were 33 foreclosure petitions, compared to 30 through July of 2011.

How does Somerville compare?

Across the state, there were 648 completed foreclosures in July, compared to 782 in July of 2011, according to The Warren Group. That represents the least amount of foreclosures in a month since May of 2011, the real estate information group said.

However, there were more completed foreclosures on the year, through July, than during the first seven months of 2011—5,409 compared to 4,564, according to the figures.

Medford: Medford had 22 completed foreclosures through July, compared to 24 through July of 2011.

Cambridge: There were 8 completed foreclosures through July, compared to 16 during the same period of 2011.

Arlington: Arlington saw 6 completed foreclosures through July of 2012 compared to 3 during the same period of 2011.


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