May 13, 2013
A significant decline in Massachusetts foreclosures in March shows the Bay State's foreclosure crisis is over, according to industry tracker The Warren Group.
Lenders filed 284 petitions to foreclose in March, an 82 percent decrease from 1,621 in March 2012, according to data from The Warren Group. A total of 2,080 petitions to foreclose have been filed in Massachusetts during the first quarter, a 52 percent decrease from 4,348 in the first quarter of last year. Petitions to foreclose represent the first step in the foreclosure process in Massachusetts.
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