ECONOMIC INDICATORS

Foreclosure starts rise 2% in Providence metro area

BLOOMBERG FILE PHOTO/JOSHUA LOTT
FORECLOSURE STARTS in the Providence-Fall River-New Bedford metro area rose by 2 percent in October.
Posted 11/15/12

PROVIDENCE – Foreclosure starts in the Providence-Fall River-New Bedford area rose 2 percent in October compared with the same period last year on quickening activity in Massachusetts, RealtyTrac said Thursday.

Lenders initiated foreclosure proceedings on 443 Providence-area properties in October, the California-based real estate data firm said, up from 436 properties in October 2011.

In Rhode Island, foreclosure starts fell 23 percent in October, to 244, compared with the same period in 2011.

Total starts in the Providence metro area rose because Bristol County, Mass. foreclosure initiations surged 69 percent, from 118 properties last October to 199 properties last month.

While foreclosure starts climbed, finished foreclosure repossessions in the area dropped 30 percent year over year.

Completed lender repossessions fell in both Rhode Island and Bristol County, Mass., bringing the total number in the Providence area down to 204 properties in October compared with 287 last October.

Nationally, total foreclosure filings, including initiations, auction notices and repossessions, fell 19 percent in October compared with the same period in 2011.

Calendar
PBN Hosted
Events

DEADLINE EXTENDED to Friday, October 3rd for applications for the 14th Annual Business Excellence Awards Program. And save the date for the Awards Dinner - November 12th at the Providence Marriott.
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
    Advertisement