Number of Foreclosure Deeds in MA Drop in August (Banker and Tradesman) - September 22, 2009

Fewer Bay State properties were foreclosed on in August compared to the prior month and August 2008, according to The Warren Group, publisher of Banker & Tradesman. 

There were 658 foreclosure deeds recorded in August, down 34.5 percent from 1,005 in August 2008 and 4.4 percent lower than the 688 deeds in July, according to WarrenGroupForeclosures.com. Foreclosure deeds are the final step in the process and represent completed foreclosures. A total of 6,076 foreclosure deeds were recorded in the first eight months of 2009, a 31 percent drop from 8,811 last year.

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