Lowell Deeds

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

April 3, 2007

March Stats

by @ 3:10 pm. Filed under Statistics, Real Estate

Amidst the news that New Century Mortgage Company has filed for bankruptcy and that mortgages in general, not just those in the subprime market, are becoming harder to get, we offer you our recording statistics for March, comparing 2007 to 2006, and for the 1st quarter of both years:

March 2006 & 2007 compared:
Total Documents decreased from 6495 down to 6309 ( -3%)
Deeds decreased from 627 down to 584 ( -7%)
Mortgages decreased from 1724 down to 1518 (-12%)
Orders of Notice rose from 48 to 132 (+175%)
Foreclosure Deeds rose from 13 to 32 (+146%)
Executions increased slightly from 52 to 54 (+4%)

1st Quarter 2006 & 2007 compared:
Total Documents decreased from 17,598 down to 16,424 (-7%)
Deeds decreased from 1,672 down to 1,469 (-12%)
Mortgages decreased from 4,595 down to 4,080 (-11%)
Orders of Notice rose from 101 to 282 (+179%)
Foreclosure Deeds were up from 30 to 71 (+137%)
Executions increased slightly from 135 to 142 (+5%)

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