Foreclosure petitions in Massachusetts dipped by 1.1 percent this month compared with July 2015, according to a new report from The Warren Group, publisher of Banker & Tradesman.
Lenders filed 1,032 petitions to foreclose in July, compared with 1,044 filed in July of last year. Year-to-date, there have been 7,648 petitions filed in the Bay State, a 20.2 percent increase from last year’s mark through July with 6,360.
“After more than two years of increases in foreclosure petitions, starts are finally starting to slow,” Cassidy Murphy, editorial director of The Warren Group, said in a statement. “While a 1 percent drop in this case equates to a difference of 12 petitions – which is well within the margin of error – it’s still an encouraging sign that foreclosures are stabilizing in the state.”
There were 820 auction notices filed in July, a 36.2 percent increase from the 602 filed in July 2015. There have been 5,468 auctions in Massachusetts year to date, a 44.3 percent increase from the same stretch in 2015 when there were 3,789.
There were 560 foreclosure deeds filed in July, a 45.1 percent increase from the 386 deeds filed in July 2015. There have been a total of 3,432 deeds recorded in Massachusetts in 2016, a 42 percent increase from the 2,416 filed through July 2015.




