The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell
By mid-afternoon last Friday I posted a snapshot of foreclosure-related recordings for the month of May and compared them to May of 2008. Since a few late-afternoon recording might have arrived after that post was written, and because it did not do a like comparison of deeds and mortgages recorded, I’ll do a recap of the month of May here:
For the entire district, the number of deeds recorded in May 2009 (434) declined 12% from the number recorded in May 2008 (495). The number of mortgages, however, rose by 40%, from 1102 in 2008 to 1539 in 2009. The number of foreclosure deeds recorded showed a steep and welcome decline of 71%, dropping from 75 in May 2008 to 22 in May 2009. The number of orders of notice - the first step in the foreclosure process - unfortunately rose by 25%, climbing from 49 to 61.
The statistics for Lowell trended similarly, except for mortgages which declined by 10% (dropping from 253 to 227). Deeds showed a similar decline, dropping 15% from 156 to 132. Foreclosure deeds dropped by 77% (from 48 down to 11) while orders of notice rose by 36%, climbing from 25 to 34.
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