Wayland Foreclosure Activity Down from March 2012 and YTD
Foreclosure activity decreased significantly across the state, signalling the end of the foreclosure crisis, according to Banker & Tradesman.
Wayland's home sales through March 2013 have been down from the same period in 2012, but the good news is that foreclosure numbers through the same month in 2013 have dropped, as well. New numbers released by the Warren Group show an 82 percent decrease across the state in petitions to foreclose as compared to the numbers for March 2012. Wayland mirrors that decrease with a reduction of 50 percent from March 2012 to March 2013. Admittedly, Wayland's real numbers for foreclosures are low (just two in March 2012 and one in March 2013), but the percentage decreases remain dramatic. Warren Group CEO Timothy M. Warren Jr. credits foreclosure prevention efforts and a "booming" real estate market for the decreases. The numbers are significant …
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