Foreclosures Down in Watertown, but Potential Foreclosures Rising
Completed foreclosures have dropped by nearly 40 percent, but homes in danger of foreclosure rose by nearly 25 percent.
The number of completed foreclosures in Watertown dropped in 2012, compared to the previous year, but the number of homes facing possible foreclosures in town is on the rise, according to statistics provided by The Warren Group. December Foreclosures Year-to-Date Figures Like Watertown, the number of foreclosures across Massachusetts are down, according to The Warren Group. "Foreclosure activity nationwide is declining, and Massachusetts is following the same path. Deeds were down for the year, petitions declined for the past two months and I think that will continue," said Timothy M. Warren Jr., CEO of The Warren Group. There were 265 foreclosure deeds statewide in December 2012, a 65 percent decrease from the 758 deeds recorded in …
