The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell
Major changes are definitely happening in the real estate market. The media has been writing about this for at least a year. Finally, there seems to be undisputable evidence developing at the Middlesex North Registry of Deeds. March has seen a dramatic surge in the number of Foreclosure Deeds recorded. Here are the facts: Since March 1 we have recorded nine Foreclosure Deeds (that’s only two weeks)… two on March 7, five on March 8, one on March 10 and one on March 14. Here’s a breakdown by towns for that two week period: Billerica two, Chelmsford one, Dracut one, Lowell three and Tewksbury two. Last year from Jan 1 2005 to March 15, 2005 (that’s 10 weeks) we recorded only seven Foreclosure Deeds. When you look at 2006 to date the statistics are shocking…from Jan 1, 2006 to March 15, 2006 we have recorded twenty-six Foreclosure Deeds. This is even more significant when you considered that we only recorded forty-seven Foreclosure Deeds during all of 2005. If you have been looking for hard evidence of a major shift in the real estate market…look no further.
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