A total of 714 foreclosure deeds were recorded last month, up from 418 deeds in November 2010. However, year-to-date foreclosure deeds are down, said The Warren Group of Boston.
A total of 7,685 foreclosure deeds have been completed this year, down nearly 35 percent from 11,752 deeds recorded during the same period last year.
“An increase in foreclosure deeds tells us that the backlog of foreclosures is moving through the process,” Timothy M. Warren Jr., CEO of The Warren Group, said in a statement. “The modest decline in petitions could indicate that an improving employment picture is leading to fewer mortgage delinquencies.”
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