In some parts of the country foreclosures are on the rise, but here in Massachusetts, only about 10 percent of single-family home sales involve a bank-owned property.
There seem to be some signs that foreclosure activity is moderating in Massachusetts. The Warren Group will be releasing a report later this week showing that the number of Bay State foreclosure deeds and petitions to foreclose has declined from last year.
Source: Banker & Tradesman
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