financial services

Bristol County foreclosures up 16%

Posted 11/25/11

BOSTON – Foreclosure petitions in Bristol County, Mass., increased 16 percent in October compared with the same period last year, The Warren Group said Tuesday.

The real estate tracking firm reported 122 new petitions, the first step in the foreclosure process, in the county during the month compared with 105 petitions in October 2010.

The uptick in foreclosures matched the statewide trend, as year-over-year petitions in Massachusetts rose 6 percent from a year ago. It’s the first time foreclosures increased in the state since August 2010, according to the Warren Group. For much of the past year, the foreclosure process has been slowed by questionable legal processing practices by banks.

“A rise in foreclosures is troubling for distressed homeowners, but in this case it's a positive signal that the backlog of foreclosures on bank's books is working through the system," said Timothy M. Warren Jr., CEO of The Warren Group. “The real estate market cannot fully recover until foreclosures have been dealt with one way or another.”

No comments on this story | Add your comment
Please log in or register to add your comment
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News