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» VISIT US ONLINE @ DSNEWS.COM 77 IN THE NEWS Massachusetts Foreclosure Activity Decreases in February A new report issued by the Warren Group found the number of foreclosure petitions dropped by 48.7 percent in Massachusetts for the month of February. e monthly drop represented 18 consecutive months that peti- tions have decreased on a year-over-year basis in the Bay State. Petitions for foreclosure are the first step in the foreclosure process, with 439 petitions filed in the state over the month. e previous month, 364 petitions were filed, and 856 peti- tions were filed in February 2013. "e year-over-year decline in foreclosure starts is due to a robust real estate market and improving economic conditions," said Timothy M. Warren Jr., CEO of the Warren Group. In spite of the decline in overall petitions, 280 foreclosure deeds were filed statewide, representing a 16.2 percent increase from 241 deeds recorded in February 2013. is January, 280 foreclosure deeds were recorded. Massachusetts is representative of a na- tional trend of declining foreclosure activity. "e increase most likely reflects homes which have been in the foreclosure process for quite some time and have now been completed," Warren said. "e number of foreclosure deeds peaked at 1,391 in March 2010. e last time foreclosure deeds ex- ceeded 500 was in September 2012. Clearly, the worst of the foreclosure crisis is now behind us." Auction announcements also declined in February by 58 percent, according to the Warren Group. A total of 152 auction announcements were tracked in February, compared to the 365 recorded the previous year. Maryland RANK: 9 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 3.38% 3.06% 3.06% YEAR AGO 4.39% 3.98% 3.98% YEAR-OVER-YEAR CHANGE -23.1% -23.2% -23.2% Top County SOMERSET COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 4.37% 6.91% YEAR AGO 6.06% 7.22% YEAR-OVER-YEAR CHANGE -28.0% -4.3% Top Core-Based Statistical Area SALISBURY, MD 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 3.40% 4.70% YEAR AGO 4.34% 5.41% YEAR-OVER-YEAR CHANGE -21.7% -13.2% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Massachusetts RANK: 26 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 3.53% 1.82% 1.82% YEAR AGO 3.49% 2.33% 2.33% YEAR-OVER-YEAR CHANGE 1.1% -22.2% -22.2% Top County FRANKLIN COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 5.57% 3.46% YEAR AGO 4.97% 3.24% YEAR-OVER-YEAR CHANGE 12.2% 6.7% Top Core-Based Statistical Area SPRINGFIELD, MA 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 6.03% 3.10% YEAR AGO 5.25% 3.50% YEAR-OVER-YEAR CHANGE 14.9% -11.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Massachusetts Baris Berk United Brokers 1725 Revere Beach Prkwy Everett, MA 02149 617.389.2700 tel 617.461.4238 cell 617.389.5656 fax reomaster@live.com www.unitedbrokersworld.com New Hampshire RANK: 35 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 2.20% 1.13% 1.13% YEAR AGO 2.38% 1.64% 1.64% YEAR-OVER-YEAR CHANGE -7.5% -30.8% -30.8% Top County COOS COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 3.22% 2.05% YEAR AGO 3.14% 3.07% YEAR-OVER-YEAR CHANGE 2.8% -33.3% Top Core-Based Statistical Area BERLIN, NH-VT 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 3.05% 2.41% YEAR AGO 3.14% 3.07% YEAR-OVER-YEAR CHANGE -2.7% -21.5% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Completed foreclosures in New Hampshire in a 12 month period ending February 2014. Source: CoreLogic STAT INSIGHT 1,935