Foreclosure activity in Massachusetts drop 82% in March

The state of Massachusetts continues to benefit from rising home prices and foreclosure prevention efforts – two factors that caused foreclosure activity in the New England state to plummet 82% year-over-year in March, according to data from publisher The Warren Group.

The latest statistics show lenders filed 284 foreclosure petitions in March, an 82% decline from 1,621 petitions in 2012.

In just the first quarter, the state recorded 2,080 petitions to foreclose, down 52% from 4,348 a year earlier.

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