Chelmsford Continues to See Increased Foreclosures in September
While foreclosures are dropping throughout most of the Commonwealth, the trend
In September, foreclosure petitions in Massachusetts were down to their lowest point since May 2011, but in Chelmsford they actually went up.
According to the Boston-based Warren Group, September was the first month this year in Massachusetts that saw under 1,000 of the petitions, which mark the first step in the process of foreclosures.
"The pace of homes entering the foreclosure process slowed in September, another strong indicator of a housing market recovery," said Timothy M. Warren Jr., CEO of The Warren Group. "Foreclosure deeds declined for the fourth month in a row. That's another good sign."
However, Chelmsford so far this year has seen 64 petitions, a 60 percent spike from the end of September 2011.
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