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Bay State Foreclosure Activity Posts Gains In October

 
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PostPosted: Thu Dec 04, 2014 2:38 pm GMT    Post subject: Bay State Foreclosure Activity Posts Gains In October Reply with quote

http://www.bankerandtradesman.com/news162004.html

"Foreclosure starts in the Bay State continued to climb in October, posting a 91.5 percent increase year-over-year, according to The Warren Group, publisher of Banker & Tradesman."

This is the eighth consecutive month of year-over-year increases in foreclosure starts, and more inventory is coming:

“'Lenders continue to work through their backlog of long-delinquent mortgages and push the legal work through a pipeline that was clogged for all of 2013,' said Timothy M. Warren Jr., CEO of The Warren Group. 'The experience in Massachusetts is similar to national trends.'"

hat tip to the Housing Bubble Blog: http://thehousingbubbleblog.com/?p=8734
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