Completed Wellesley Foreclosures Drop in 2012
Although the number of completed foreclosures dropped, Wellesley saw more people start the foreclosure process in 2012 compared to 2011.
Along with an 24 percent increase in home sales in 2012, the total number of completed foreclosures in Wellesley saw a decrease compared to 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, Wellesley had a total of 5 foreclosure deeds, a 16 percent drop from the 6 completed in 2011. Foreclosure deeds represent a completed foreclosure, according to the Warren Group press release. Wellesley saw a bigger drop in foreclosure auctions in 2012, dropping 40 percent from 20 total auctions in 2011 to 12 auctions in 2012. Although the completed foreclosures dropped in 2012, Wellesley's foreclosure petitions, saw a small increase. At …
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