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news
Joined: 14 Jul 2007
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Location: Greater Boston
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Hard Rain
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 Posted: Sat Aug 02, 2008 6:53 pm GMT Post subject: |
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| I don't know where this data is coming from, a quick search of Middlesex South shows that Orders of Notice almost doubled in June 2008 (213) compared with June 2007 (125). Go figure.... |
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admin
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| Posted: Sat Aug 02, 2008 8:00 pm GMT Post subject: |
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| Hard Rain wrote: | | I don't know where this data is coming from, a quick search of Middlesex South shows that Orders of Notice almost doubled in June 2008 (213) compared with June 2007 (125). Go figure.... |
The article referred to foreclosure deeds, which I believe come some time after orders of notice. I don't know what the time lag is between the two, but I think it's on the order of months. Also, I think the foreclosure deeds are probably only down temporarily due to the new 90 day "right to cure" law.
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Hard Rain
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| Posted: Sat Aug 02, 2008 11:13 pm GMT Post subject: |
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"The article referred to foreclosure deeds, which I believe come some time after orders of notice"
It also mentions initial petitions or orders of notice..
"The slowdown in foreclosures follows a steep drop in initial petitions to foreclose. The number of initial petitions, the first step in the foreclosure process, fell 82 percent in May from the same month a year ago, and they fell 85 percent in June." |
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