Friday, April 14, 2017

Massachusetts Bucks National Foreclosure Trend

According to figures produced by ATTOM Data Solutions' 2016 Foreclosure Market Report, overall  foreclosure filings - default notices, scheduled auctions and repossessions - were down 14 percent from 2015 and at their lowest level since 2006.

However, the study said 2016 Massachusetts foreclosure activity (whatever that is) was up 21% in 2016, and foreclosure starts were up 12% in Massachusetts.

Interestingly, the study claimed 55% of all loans 'actively in foreclosure'(?) were originated in 2004-2008. In Massachusetts in 2016, 61% of foreclosures were such 'legacy foreclosures.'

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