Foreclosure petitions continued to climb across the Commonwealth in July, with Westford being no exception.
In a recent release by the Warren Group, publisher of the Banker & Tradesman, petitions were up by 72.5 percent compared with the same month last year statewide, with a 50 percent increase in Westford.
Petitions mark the first step in the foreclosure process.
“It is important to note that foreclosures are up year-over-year but down compared with the year-over-year increase posted in June 2014,” said Cassidy Murphy, editorial director of The Warren Group. “2013 was an unusual year in the foreclosure world as foreclosure procedures and legislation underwent revisions. Now that most of that has been settled, lenders are more comfortable moving forward with foreclosures from a legal standpoint.”
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