Home Foreclosures Down In State but Up in Burlington
The foreclosure rate in Burlington is very low, but did show an uptick in a month-to-month comparison with 2012.
Foreclosures in January in Burlington were up slightly compared to that month last year, according to new data released this week. The trend in Burlington bucks the state-wide data, which shows a drop in foreclosures from around this time last year, according to the Warren Group, a real estate industry publishing company. "The number of foreclosure petitions statewide dropped almost 30 percent - declining to 940 from 1,333 in January 2012. Petitions, which mark the first step in the foreclosure process in Massachusetts, have dropped for three consecutive months," the Warren Group states. "Petitions rose in all but three months in 2012." The number of foreclosures in Burlington, though higher than last year, is still quite low. Burlington …
Adam
8:38 am on Tuesday, March 12, 2013
I'm having a hard time taking this article seriously. The point of the article is that Burlington's foreclosures are up, while Massachusetts as a whole is down. Burlington is up because we went from 1 foreclosure, up to 2. Wow. So if we only had 1 foreclosure instead of 2, would this be a non-story because Burlington's forclosure rate would remain the same??? more ›