Lowell Deeds

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

July 13, 2006

Executions

by @ 9:27 am. Filed under Statistics, Current Events

While reviewing the end-of-June recording statistics, it seemed that more than the normal number of executions were recorded during the first six months of 2006. (By “execution” I mean the legal document issued by a court that orders the sheriff to enforce a judgment of that court). After reviewing some historic recording statistics, we can definitely say that the volume of executions being recorded is up dramatically. From the beginning of 2006 until today, executions account for 0.72% of all documents recorded. That might not seem like much, but it is double the percentage found in any of the past ten years. You have to go back to 1991 to find a year where a greater percentage of documents recorded were executions. A similar trend is apparent when you compare the number of executions with the number of attachments recorded in any given year. From 1987 to 1997, on average 3 attachments were recorded for every 2 executions. Since 1998, that ratio has reversed itself with an average of 3 executions being recorded for every two attachments. This year, the ration is more like three executions for every one attachment. What’s going on? As the economy slows, bill collectors get more aggressive. Someone also told me that this is a consequence of the relatively new Bankruptcy Act which makes it almost impossible to discharge credit card debts by filing bankruptcy. Whatever the cause, it’s a disturbing trend.

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