The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell
Even though it’s a few hours premature, I wanted to provide an early report for September’s statistics. As of close of business yesterday, we had recorded just 49 orders of notice, the lowest figure for any month this year. August saw 83 recorded while the high was in March, when 132 went on record. Foreclosure deeds were recorded less frequently, as well, with 33 so far in September compared to 54 in August. Since May, there have been at least 40 each month, so a drop to 33 is significant. Using the first nine months of 2007 to project our annual statistics, we expect to have 431 foreclosure deeds recorded this year, the highest amount since 1994 when 624 were recorded. The highest annual number since 1990 came in 1992 when there were 762 and the lowest number was in 2003 with only 42. As for the total number of documents, we only expect to see about 68000, the lowest amount since 1995 when we only recorded 60000. In contrast, in 2003, we recorded 146956. Check back next week for our exact numbers for September.
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