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Foreclosures in Somerville Down in November

Foreclosures remained down compared to 2011, according to The Warren Group.

Foreclosures in Somerville continued to be down through the month of November, according to recent figures from The Warren Group, publisher of Banker & Tradesman.

Somerville saw two completed foreclosures in November of 2012, compared to six in November of 2011. On a year-over-year comparison, there were 21 completed foreclosures in Somerville through November of 2012, compared to 36 in the first 11 months of 2011.

When it comes to foreclosure petitions, which represent the first steps in the foreclosure process, there were three petitions in November of 2012 compared to eight in November of 2011. On the year, however, foreclosure petitions were fairly level: There were 54 through November of 2012 and 56 through November of 2011.

Across the state, foreclosures were also down, according to The Warren Group. There were 295 completed foreclosures in November of 2012 across Massachusetts, down almost 60 percent from the 731 seen in November of 2011.

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