Little Foreclosure Activity in Town So Far in 2013

 Foreclosure activity declined in Wakefield for the first quarter of 2013 compared to that period in 2012, according to recent data from the Warren Group.

According to the Massachusetts-based real estate information company, there were four foreclosure petitions filed in Wakefield during the first three months of 2013, compared to nine for that period in 2012.

Last March, there were three foreclosure petitions in town. In March of 2013, there were none, noted the Warren Group. There were no foreclosure auctions reported in Wakefield for the first quarter of 2012 or 2013, with two foreclosure deeds reported the first quarter of 2013 compared to two for that quarter in 2012.

The Warren Group reported that statewide, foreclosure petitions were down 52% from last year, with 2,080 reported the first quarter of 2013. 

"Overall, we're seeing foreclosures drop all over the country, but Massachusetts is exceptional in its reduction. The Mortgage Bankers Association reports that we rank 48th in foreclosures started in the first quarter of 2013," said The Warren Group CEO Timothy M. Warren Jr. "Foreclosure prevention efforts combined with a booming real estate market are leading to fewer foreclosures."