Hope Mixed With Caution On The Foreclosure Front

By Mary Blake, WBZ NewsRadio 1030

BOSTON (CBS) — Massachusetts foreclosure figures for the month of March are down. Tim Warren, Chief Executive Officer of the Warren Group in Boston, says foreclosures dropped nearly 60 percent last month when compared to March of 2010.

Specifically, there were 1,048 petitions to foreclose in March. That is down from 2,581 in March of 2010.

Warren, however, is also sounding a cautionary tone. He says the numbers most likely reflect a ‘go-slow’ approach on the part of the banks, and not a housing market rebound. In fact, the number of foreclosure petitions filed this March is up by 354 when compared to the previous month of February.

WBZ NewsRadio 1030’s Mary Blake reports.

More from Mary Blake

One Comment

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Boston

Download Our App
Download Weather App

Listen Live