First Quarter Saw Increase in Foreclosures in Somerville
Most of the foreclosures were completed in March. It's worth noting the number of foreclosures in Somerville is relatively small.
Somerville saw 5 completed foreclosures during March, which brought the total number of foreclosures during the first quarter of 2012 to 8, according to figures from The Warren Group, publisher of Banker & Tradesman. By comparison, there were 6 foreclosures in the first quarter of 2011 and only 1 foreclosure in March of that year. These numbers reflect what was happening statewide, according to The Warren Group. Across Massachusetts, there were 2254 foreclosures in the first three months of 2012, compared to 1677 in the first quarter of 2011. When it comes to foreclosure petitions—which mark the beginning of the foreclosure process—Somerville saw 12 in the first quarter, compared to 8 in the first quarter of 2011. Statewide there was a …
richardstaggart
5:34 am on Wednesday, May 2, 2012
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