Lowell Deeds

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

January 2, 2007

Predictions for 2007

by @ 9:56 am. Filed under Registry Ops

Based on our recording activity during the last two months of 2006, I will predict that the number of documents being recorded and the volume of home sales will begin to creep upward in 2007 (although that might not begin until we get beyond the traditionally slow winter months of January and February). I do believe that the number of foreclosures will continue to rise. There were just too many questionable loans made during the past three years. When you add in the decline in real estate values during 2006 and the commencement of the accelerated principal repayment phase for many of the interest only mortgages that came into existence during the past few years, the amount of newspaper real estate occupied by notices of mortgageeā€™s sale of real estate will continue to rise. As for the Middlesex North Registry of Deeds, here are five things that you will probably see occur during 2007:

1. All record books will be removed from the upper record hall.

2. Electronic recording will become more widely used and, by December 2007, will account for 10% of all documents recorded.

3. Grantor and Grantee Indexes from 1855 to 1976 will be available on our website.

4. We will begin scanning all Registered Land Certificate Books

5. All current deeds will be interactively linked to the overhead property photographs and parcel boundary overlays maintained by MassGIS.

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