City of Boston foreclosure deeds rise 157%, between 2006 & 2007
Earlier today, The Warren Group released foreclosure deeds data for 2007.
Compared to 2006, foreclosure deeds doubled, and are up 600 percent, compared to 2005.
Foreclosure deeds in Massachusetts more than doubled in 2007 when compared to 2006, and were up seven times the number of foreclosures in 2005, according to The Warren Group, publisher of Banker & Tradesman.
“The rise in foreclosure deeds fell off a little bit in October and November, but rose more than 100 percent again in December, a clear signal that this problem is far from over,” said Timothy Warren Jr., CEO of The Warren Group.
There were 7,653 foreclosure deeds in 2007, up 148 percent from the 3,086 in 2006, and up 600 percent from 1,092 in 2005. During the month of December, deeds rose 136.3 percent to 683 from the 289 filed in December 2006.
More importantly, here is 2007 data for the city of Boston.
Suffolk County Foreclosure Deed Statistics
Boston Neighborhood — #FDs-2006 — #FDs-2007 — %Change
Allston — 2 — 3 — 50.00%
Brighton — 3 — 11 — 266.67%
Boston-Downtown – 11 — 22 — 100.00%
Charlestown — 3 — 4 — 33.33%
Dorchester — 131 — 364 — 177.86%
East Boston — 22 — 49 — 122.73%
Hyde Park — 24 — 58 — 141.67%
Jamaica Plain — 7 — 19 — 171.43%
Mattapan — 37 — 71 — 91.89%
Roslindale — 9 — 36 — 300.00%
Roxbury 22 — 58 — 163.64%
South Boston — 12 — 29 — 141.67%
West Roxbury — 5 — 18 — 260.00%
All of Boston — 288 — 742 — 157.64%
Other Suffolk Towns
Chelsea — 26 — 45 — 73.08%
Revere — 44 — 117 — 165.91%
Winthrop — 8 — 16 — 100.00%
Source: Foreclosures in Mass. Rise 150% in 2007; December Sees Largest Increase Since August, According to The Warren Group – Banker & Tradesman