Medfield Completed Foreclosures Up in March
Town sees increase in completed foreclosures, while new foreclosures remain steady.
The number of completed foreclosures in Medfield was up in March, according to data released last week. The data, compiled by real estate information firm The Warren Group, saw one foreclosure deed (or completed foreclosures) in the month, up from zero in March 2011. Foreclosure petitions (which represent newly started foreclosures) remain at one year-over-year. The state saw a 55 percent increase in foreclosure petitions, with 1,621 in the month, up from 1,048 in March 2011. Massachusetts has had a 71.5 percent increase in petitions in the first quarter. Massachusetts foreclosure deeds also saw a jump, with 856 last month, up from 627 last year (a 36.5 percent increase). For the first quarter, the state has seen a 34.4 percent rise. …
