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Mass. Foreclosures Lower Than A Year Ago

This article is more than 9 years old.

Foreclosures in Massachusetts rose slightly in the third quarter of 2009, but fewer of the state's residents lost their homes than in the same period last year.

There were 2,098 foreclosure deeds filed between July and September, down nearly 30 percent from the 2,903 deeds recorded in the third quarter of 2008, according to The Warren Group, a Boston-based publisher of real estate data.

The number of foreclosures in the most recent quarter, however, increased 4 percent from the second quarter of this year.

The Warren Group's Vincent Valvo said "petitions to foreclose," which begin the foreclosure process, give a more important figure.

"That [number] has been increasing dramatically, we're up about 9 percent," he said. "We're currently running at the rate of about 150 new foreclosure petitions a day."

Valvo said lenders have been under pressure to rework loans and delay foreclosures to aid troubled homeowners.

This program aired on October 20, 2009. The audio for this program is not available.

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