| View previous topic :: View next topic |
| Author |
Message |
news
Joined: 14 Jul 2007
Posts: 0
Location: Greater Boston
|
|
| Back to top |
|
 |
Hard Rain
Guest
|
 Posted: Fri Mar 26, 2010 11:03 pm GMT Post subject: |
 |
|
Admin,
The Warren Group's numbers are wrong. Foreclosure petitions have doubled, tripled and in some cases quadrupled over last year. Here are the February numbers:
South Middlesex 2010 - 277 2009 - 72
Suffolk 2010 - 273 2009 - 79
South Worcester 2010 - 552 2009 - 236
North Middlesex 2010 - 141 2009 - 25
January and March numbers show the same trend. I'd be curious to know the reason for their error, perhaps a registry branch failed to report? |
|
| Back to top |
|
|
admin
Site Admin
Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston
|
| Posted: Mon Mar 29, 2010 1:44 pm GMT Post subject: |
|
|
Hard Rain,
Their numbers are for the entire state. Could the registries you listed be more volatile than the rest of the state's? Also, not that this makes a big difference to your point, but North Middlesex foreclosures in February 2009 were 45 rather than 25.
- admin |
|
| Back to top |
|
|
Kaidran
Joined: 17 Mar 2010
Posts: 289
|
| Posted: Mon Mar 29, 2010 2:15 pm GMT Post subject: |
|
|
| It was a lot easier t pay my mortgage in western Mass than it will be if I get one near Boston. I'd guess the rest of the state is suppressing the Boston problem. |
|
| Back to top |
|
|
john p
Joined: 10 Mar 2006
Posts: 1820
|
| Posted: Mon Mar 29, 2010 3:02 pm GMT Post subject: |
|
|
A lot of microclimate markets in Massachusetts. It is always good to step outside of an orbit just to reshuffle the deck in your mind.
It's good that you guys are picking up on it anyway just so that you're aware when someone might be mixing data on you to help their argument... |
|
| Back to top |
|
|
Hard Rain
Guest
|
| Posted: Wed Mar 31, 2010 11:22 pm GMT Post subject: |
|
|
| admin wrote: | Hard Rain,
Their numbers are for the entire state. Could the registries you listed be more volatile than the rest of the state's? Also, not that this makes a big difference to your point, but North Middlesex foreclosures in February 2009 were 45 rather than 25.
- admin |
I doubt it, I also did comparisons in Middle Berkshire 124 vs 73 , Franklin 83 vs 27. The large population centers are mostly accounted for and all show an increase not a decrease. Some registrys are not online and unavailable for search but I find it unlikely that they would buck the trend. |
|
| Back to top |
|
|
admin
Site Admin
Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston
|
| Posted: Thu Apr 01, 2010 2:14 pm GMT Post subject: |
|
|
| Hard Rain wrote: |
I doubt it, I also did comparisons in Middle Berkshire 124 vs 73 , Franklin 83 vs 27. The large population centers are mostly accounted for and all show an increase not a decrease. Some registrys are not online and unavailable for search but I find it unlikely that they would buck the trend. |
I assume you're using www.masslandrecords.com to get the numbers. How are you counting petitions? I get zero results for South Middlesex in February when I perform a Document Search and select "PETITION". I assume I'm selecting the wrong document type, but I didn't see a better option when skimming.
- admin |
|
| Back to top |
|
|
Hard Rain
Guest
|
| Posted: Thu Apr 01, 2010 7:09 pm GMT Post subject: |
|
|
Admin,
Yes I do use masslandrecords.com. To search for South Middlesex petitions use "order of notice" for Suffolk it's "order". Most registries are some variation of order or notice, it's painful but you can figure it out by looking at that actual document.
FYI
South Middlesex March 2010 - 246 2009 - 90
Suffolk March 2010 - 245 2009 - 107 |
|
| Back to top |
|
|
admin
Site Admin
Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston
|
| Posted: Thu Apr 01, 2010 7:40 pm GMT Post subject: |
|
|
| Hard Rain wrote: |
Yes I do use masslandrecords.com. To search for South Middlesex petitions use "order of notice" for Suffolk it's "order". Most registries are some variation of order or notice, it's painful but you can figure it out by looking at that actual document.
|
Orders of notice aren't the same thing as foreclosure petitions. There is a distinction drawn in this Registry blog post: http://lowelldeeds.blogspot.com/2010/03/globe-story-on-january-foreclosures.html Funny thing... that blog post was pointing out a large difference between orders of notice and The Warren Group's numbers too, but for January instead of February. If The Warren Group did make a mistake, it doesn't look like a one time anomaly.
- admin |
|
| Back to top |
|
|
Hard Rain
Guest
|
| Posted: Fri Apr 02, 2010 2:02 am GMT Post subject: |
|
|
| admin wrote: | | Hard Rain wrote: |
Yes I do use masslandrecords.com. To search for South Middlesex petitions use "order of notice" for Suffolk it's "order". Most registries are some variation of order or notice, it's painful but you can figure it out by looking at that actual document.
|
Orders of notice aren't the same thing as foreclosure petitions. There is a distinction drawn in this Registry blog post: http://lowelldeeds.blogspot.com/2010/03/globe-story-on-january-foreclosures.html Funny thing... that blog post was pointing out a large difference between orders of notice and The Warren Group's numbers too, but for January instead of February. If The Warren Group did make a mistake, it doesn't look like a one time anomaly.
- admin |
Nice catch,
My guess , must be a problem with the petition data reporting since according to Dick at the Lowell office one simply follows the other. If this is the case sloppy reporting by the Warren Group...
"The source of the story – Warren Group CEO Tim Warren – surely knows his stuff and he’s quoted as saying that January 2010 saw the lowest level of foreclosure petitions since December 2008. Now to be fair, “foreclosure petitions” means new cases filed in the Land Court so that would certainly be an early indicator. We, on the other hand, track Orders of Notice (which come shortly after the petition is filed in the Land Court) and foreclosure deeds which are recorded after the auction sale is held." |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
