Lowell Deeds

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

April 10, 2007

More on Foreclosures

by @ 8:29 am. Filed under Real Estate

The Lowell Sun finishes its 3-part series on foreclosures today by exploring the question of who is responsible for the crisis in the subprime mortgage market. MSNBC.com also has a major story on the front page of its website on this same topic. The New York Times reports that an increasing number of borrowers with what were thought to be “less risky” loans are now in default. Nothing that’s happened at this registry during the first ten days of April suggests that the real estate market is starting to rebound. From April 1 to April 10 (and we still have a few hours left today) in 2007, we have recorded 7 foreclosure deeds and 40 orders of notice. For that same period in 2006, we recorded 4 foreclosure deeds and only 11 orders of notice. As for deeds and mortgages, for the same date range this year, we’ve recorded 127 deeds and 412 mortgages while in 2006, 164 deeds and 452 mortgages were recorded.

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