Lowell Deeds

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

March 7, 2008

Foreclosure Update

by @ 12:29 pm. Filed under Real Estate

With all the media reports about the rate of foreclosures continuing to rise, I took a look at our figures for the first two months of 2008 in comparison to January and February of last year. For the entire Middlesex North District, in Jan/Feb 2008, we recorded 75 foreclosure deeds and 147 orders of notice. For the same two months in 2007, we recorded 39 foreclosure deeds and 150 orders of notice. Looking at just the city of Lowell, in Jan/Feb 2008, there were 44 foreclosure deeds and 83 orders of notice. Same months in 2007: 23 foreclosure deeds and 76 orders of notice. With the number of foreclosure deeds nearly doubled, it’s tough to find anything positive to say except that the orders of notice seem to have leveled off which suggests the number of foreclosures that we’ll see in the late spring and early summer should stabilize, as well.

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