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Norwood, State Foreclosure Petitions Show Drop in June

However, year-to-date foreclosure petitions are on the rise in both the state and Norwood, according to a new report.

 

    Norwood had zero new foreclosure petitions in June, compared to four last June, a new report says.

    The town's year-to-date foreclosure petitions however total 23, up from 21 in June 2011, The Warren Group said in a recent press release.

    Statewide, foreclosure petitions, which start the foreclosure process in Massachusetts, "fell to the lowest level so far this year," the firm said.

    "A total of 1,254 petitions were recorded in June - a 29.5 percent decrease from May. Year-over-year foreclosure petitions, however, rose almost 27 percent in June, from 990 in June 2011. From January through June, 9,131 petitions to foreclose have been filed statewide, up 68.6 percent from 5,415 during the same period in 2011," the firm said.

    Norwood had only one foreclosure deed, or completed foreclosure, in June, compared to three in June 2011, the firm reported.

    Norwood’s year-to-date completed foreclosures total nine, compared to 11 in June 2011.

    Statewide, foreclosure deeds "decreased almost 24 percent to 715 in June, down from 936 deeds in June 2011," the Warren Group said.

    "This is the first time since September 2011 that deeds posted a year-over-year decrease. A total of 4,450 foreclosure deeds have been recorded in the first six months of the year, up almost 18 percent from 3,782 a year earlier."

    Other local towns saw the following trends:

    Mansfield:

    • Foreclosure petitions: 3 in June 2012, the same as in June 2011.
    • Year-to-date foreclosure petitions: 28 in June 2012, up from 12 in June 2011.
    • Foreclosure deeds: 0 in June 2012, down from 2 in June 2011.
    • Year-to-date foreclosure deeds: 4 in June 2012, down from 6 in June 2011.

    Wrentham:

    • Foreclosure petitions: 1 in June 2012, down from 2 in June 2011.
    • Year-to-date foreclosure petitions: 16 in June 2012, up from 10 in June 2011.
    • Foreclosure deeds: 0 in June 2012, down from 2 in June 2011.
    • Year-to-date foreclosure deeds: 7 in June 2012, up from 6 in June 2011.

    Walpole:

    • Foreclosure petitions: 3 in June 2012, up from 2 in June 2011.
    • Year-to-date foreclosure petitions: 20 in June 2012, up from 12 in June 2011.
    • Foreclosure deeds: 3 in June 2012, up from 0 in June 2011.
    • Year-to-date foreclosure deeds: 9 in June 2012, up from 3 in June 2011.

    Norfolk:

    • Foreclosure petitions: 1 in June 2012, up from 0 in June 2011.
    • Year-to-date foreclosure petitions: 11 in June 2012, up from 5 in June 2011.
    • Foreclosure deeds: 1 in June 2012, up from 0 in June 2011.
    • Year-to-date foreclosure deeds: 8 in June 2012, up from 1 in June 2011.

    Sharon:

    • Foreclosure petitions: 4 in June 2012, up from 3 in June 2011.
    • Year-to-date foreclosure petitions: 25 in June 2012, up from 4 in June 2011.
    • Foreclosure deeds: 1 in June 2012, up from zero in June 2011.
    • Year-to-date foreclosure deeds: 11 in June 2012, up from 5 in June 2011.

    Plainville:

    • Foreclosure petitions: 0 in June 2012, down from 2 in June 2011.
    • Year-to-date foreclosure petitions: 13 in June 2012, down from 15 in June 2011.
    • Foreclosure deeds: 1 in June 2012, down from 2 in June 2011.
    • Year-to-date foreclosure deeds: 5 in June 2012, up from 3 in June 2011.

      Dedham:

      • Foreclosure petitions: 3 in June 2012, up from 0 in June 2011.
      • Year-to-date foreclosure petitions: 31 in June 2012, up from 15 in June 2011.
      • Foreclosure deeds: 1 in June 2012, down from 3 in June 2011.
      • Year-to-date foreclosure deeds: 10 in June 2012, down from 11 in June 2011.
      Related Topics: Massachusetts Foreclosures, house and home, and norwood foreclosures

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