Lowell Deeds

Here are some numbers for July 2008 compared to the same month in 2007:

In July 2008, we recorded 531 deeds. In July 2007, there were 593.
In July 2008, we recorded 926 mortgages. In July 2007, there were 1366.
In July 2008, we recorded 52 foreclosure deeds. In July 2007, there were 50.
In July 2008, we recorded 78 orders of notice. In July 2009, there were 79.

As far as foreclosure activity is concerned, it looks like we’re no worse off than we were last summer. Since last summer was bad, that’s not saying much, but at least it’s not getting any worse. The number of deeds recorded remains stable but there’s a major drop in the number of mortgages - a 32% decline.