Foreclosure starts did not fall year over year
The June 2015 article’s URL and headline suggested foreclosure starts were down. Its figures instead showed an increase: it attributed 958 Massachusetts foreclosure petitions in April 2015 to the Warren Group, compared with 740 in April 2014, a reported rise of 29.5%. The distinction is between a smaller rate of increase and fewer petitions.
The article called that percentage increase the smallest since February 2014. This archive has not independently checked the intervening monthly series; it preserves that statement as the source’s characterization, not a freshly verified trend.
Year-to-date petitions and completed foreclosures
For the year through April, the source reported 3,552 petitions in 2015 versus 2,203 a year earlier, described as a 61% increase. It also reported 352 foreclosure deeds in April 2015 compared with 229 in April 2014, a 53.7% rise. Petitions and deeds are different measures and should not be added as a single count of homes.
The original article interpreted slowing growth as promising for the market. Its figures alone do not establish that homes were cleared from the market, that a particular property was available or that buyers or investors would benefit.
Find property using current information
Tell our team whether you are buying, renting, selling or seeking commercial property, along with your area, budget and timing. This report concerns 2015 statewide counts, not current foreclosure inventory or advice on an individual foreclosure.