Lowell Deeds

Last month we reported on the dramatic upsurge in the number of foreclosure filings (20 in May 2005 to 78 in May 2006). New foreclosures continue to be recorded everyday, at a far greater pace than in 2005 but not at the rocket-propelled increases of this May. For the period June 1 to Jun 23, 2005, we recorded 20 new foreclosures (i.e., orders of notice) here at Middlesex North. For this same period in 2006 we have recorded 31, a 55% increase (original post erroneously stated this was 155% but a kind commenter pointed out the sloppy error - thanks). The number of foreclosure deeds (recorded after the foreclosure sale has actually taken place) is up also, from 6 in June 2005 to 13 thus far in June 2006. While foreclosure-related filings are way up, everything else is down. The total number of documents we recorded in the June 1 -23 period for 2006 (4962) is down 16% from the same period in 2005 (5885), down 26% from 2004 (6771) and down a whopping 51% (10211) from 2003.