Lowell Deeds

The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell

May 11, 2006

More on Foreclosures

by @ 5:16 pm. Filed under Real Estate

Yesterday’s Globe story reported a 30% increase in foreclosures, but that was just for the first three months of this year. At this registry, the number of foreclosures commenced in January and February actually went down (by 15%) when compared to those months in 2005. But that trend disappeared during the month of March 2006 which saw a 100% increase in the number of foreclosures when compared to 2005. April say a 75% increase compared to last year. This means that the increase in foreclosures is probably much greater than 30%, especially with all the activity of the past two weeks when more than 40 new foreclosures were started.

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