May 21, 2013 Mara Bushari

thumbs-up-istock_000005604144mediumMassachusetts saw a massive drop in foreclosure deeds and petitions to foreclose in March. Lenders filed 284 petitions to foreclose in March 2013, an 82 percent slide from the 1,621 petitions in March 2012, according to recent data from The Warren Group, publisher of Banker  & Tradesman. Petitions to foreclose represent the first step in the state’s multi-tiered foreclosure process. Foreclosure deeds, which represent completed foreclosures, dropped more than 74 percent in March 2013 (227) from March 2012 (899).

This is a great sign for sellers, and has prompted many buyers to jump off the fence as many areas, particularly in and around Boston, see the rapid change from a “buyer’s market” to a “seller’s market.” For a more detailed look at the local Boston Real Estate Market, download our most recent Boston Real Estate Market Report.

Visit BostonRealEstate.com to search the Boston Condos, Boston Homes and Boston Luxury Apartments.

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Mara Bushari

Mara is a creative thinker and strategic marketer. She graduated Summa Cum Laude from Boston University’s College of Communication and worked in international finance before joining The Bushari Team. Mara strives to exceed expectations. As Client Relations Specialist, she is a key facilitator in all team transactions, making the buying or selling process as stress-free as possible for the client. Mara learned many of her extraordinary organizational and problem-solving skills during her service in the Israeli Defense Forces, where she earned the “President’s Award” for exceptional service. In the military, Mara solidified her abilities to achieve top results in high pressure and time sensitive situations. In her spare time, Mara enjoys skiing, photography and writing.

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