Ken
O’Brien
Foreclosure starts across Massachusetts in October
reached their highest level in nearly two years and marked eight consecutive
months of year-over-year monthly increases, according to The Warren Group,
publisher of Banker & Tradesman.
Lenders filed a total of 965 foreclosure petitions
in October, compared with 504 during the same month a year ago. This marked the
eighth consecutive month of year-over-year increases and is the highest number
of starts since November 2012. A total of 6,384 foreclosure starts have been
filed so far this year, a 36.5 percent increase compared with 4,678 petitions
recorded during the same period last year. Petitions mark the first step in the
foreclosure process.
