Completed Foreclosures Drop in 2012 in Concord
Although the number of completed foreclosures dropped, Concord saw more people start the foreclosure process in 2012 compared to 2011.
Along with a 16 percent increase in home sales in 2012, the total number of completed foreclosures in Concord decreased last year, according to statistics gathered by the Warren Group, the Boston-based real estate and banking information publishers for New England. At the end of 2012, Concord had a total of 2 foreclosure deeds, a 50 percent drop from the 5 completed in 2011. Foreclosure deeds represent a completed foreclosure, according to the Warren Group press release. Concord also saw fewer foreclosure auctions in 2012, dropping 46.67 percent from 15 auction 2011 to 8 in 2012. Although the completed foreclosures dropped in 2012, Concord did see an uptick in foreclosure petitions, which represent the first step in the foreclosure …
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