Foreclosures in Massachusetts fell 29 percent during the first half of 2009 compared to a year earlier, according to the latest report from The Warren Group, publisher of Banker & Tradesman. But petitions to foreclose, the first step in the foreclosure process, rose 5.6 percent during the first six months of 2009 from the same period last year.
There were 4,737 foreclosure deeds from January through June, a 29.4 percent drop from 6,707 during the same months in 2008. In June, foreclosure deeds plunged 45.1 percent to 621 from 1,131 in June 2008 but climbed 6.7 percent from 582 in May. Foreclosure deeds are the final step in the foreclosure process.
Read more: Banker & Tradesman