Statewide in Massachusetts, petitions to foreclose have risen 64% year to date vs. the equivalent time frame in 2011, according to the Warren Group. This is the highest level of foreclosure petitions in 2 years. Completed foreclosures (aka foreclosure deeds) also rose 19%. The Warren Group believes an increase was to be expected due to low levels of foreclosure activity in 2011. There is still a signficiant backlog of "distressed properties."
Check out the full article:
