Tewksbury Foreclosure Numbers Down Significantly in 2011
Positive indications for the real estate market.
According to statistics compiled by The Warren Group, the number of foreclosures has dropped significatly through the first four months of 2011, as compared to the same period in 2010.
In a press release, TWG reported that for the month of April, Massachusetts foreclosure activity remained at levels dramatically below those recorded last year. However foreclosure petitions, which mark the first step in the foreclosure process in Massachusetts, posted the highest number so far this year.
The number of foreclosure petitions statewide dropped almost 51 percent year-over-year to 1,192 from 2,431 in April 2010. In the three previous months, petitions have ranged from 694 to 1,048. This was the highest level of petitions since September, when there were 2,358 starts. Through April of this year, 3,727 petitions to foreclose have been filed statewide, down 58.6 percent from 9,008 during the same period in 2010.
The Warren Group, based in Boston, is the publisher of Banker & Tradesman, The Commercial Record and a series of association publications.
Tewksbury Foreclosure numbers were as follows:
|April Foreclosure Petitions||7||5||-28.%|
|Year-To-Date Foreclosure Petitions||40||20||-50.0%|
|April Auction Notices||4||6||50%|
|Year-To-Date Auction Notices||37||18||-51.4%|
|April Foreclosure Deeds||5||4||-20%|
|Year-To-Date Foreclosure Deeds||11||12||9.09%|
For a complete list of town-by-town Massachusetts foreclosures, see the attached PDF file.