Completed Foreclosures Stay the Same in 2012 in Lexington
Although there was no chance in the number of completed foreclosures, Lexington saw more people start the foreclosure process in 2012 compared to 2011.
Along with a 10 percent increase in home sales in 2012, the total number of completed foreclosures in Lexington 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, Lexington had a total of 6 foreclosure deeds, the same as in 2011. Foreclosure deeds represent a completed foreclosure, according to the Warren Group press release. Lexington did see fewer foreclosure auctions in 2012, dropping 35.71percent from 28 auction 2011 to 18 in 2012. Although the number of foreclosure auctions dropped in 2012, Lexington did see an uptick in foreclosure petitions, which represent the first step in the foreclosure process in …
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