economic indicators

Foreclosures fall in Prov. metro in April, but more to come in R.I.

BOTH FORECLOSURE STARTS and completions fell in the Providence-Fall River-New Bedford metropolitan area in April, according to RealtyTrac.
Posted 5/9/13

PROVIDENCE – April foreclosure starts in the Providence-Fall River-New Bedford metropolitan area dropped 7.8 percent, and completed foreclosures fell 32.5 percent compared with the same period last year, according to RealtyTrac’s latest report.

The California-based real estate tracking firm said lenders initiated foreclosure proceedings on 309 metro-area properties in April compared with 335 in April 2012. Completed foreclosures dropped to 170 last month from 252 last April.

The declines were most significant in Bristol County, Mass., where foreclosure starts plunged 84 percent and completed repossessions fell 32.5 percent. There were 20 completed Bristol County repossessions reported last month compared with 126 in March 2012.

Bristol County followed the rest of Massachusetts, where total statewide foreclosure starts fell 82.2 percent.

On the other hand, in Rhode Island, the 289 April foreclosure starts represented a 38.3 percent increase from last April, when there were 209. Completed Rhode Island foreclosures fell 32.5 percent from 203 last April to 141 last month.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of 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
    Latest News