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MA Foreclosure Continues Decline In March

Foreclosure activity in Massachusetts dropped significantly during the month of March, according to the latest report by The Warren Group, publisher of Banker & Tradesman. The number of foreclosures initiated by lenders plummeted almost 60 percent from a year earlier.

Lenders filed 1,048 petitions to foreclose in March, a 59.4 percent decrease from 2,581 in March 2010. A total of 2,535 petitions to foreclose have been filed in Massachusetts during the first quarter, a 61.5 percent decrease from 6,577 in the first quarter of last year. Petitions to foreclose represent the first step in the foreclosure process in Massachusetts.

Source: Banker and Tradesman

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