Somerville Foreclosure still low compared to rest of nation

Somerville Realtor Christina Lazrak shares:

Foreclosure numbers in Somerville and in much of the surrounding region are relatively average to low.

Medford saw 15 completed foreclosures in the first quarter, compared to 7 during the same period of 2012. Malden saws 25 (12 in 2011).

Cambridge had 4 foreclosures in the first quarter of 2012 (9 in that period of 2011). Arlington also had 3 completed foreclosures (0 in 2011).

Other parts of the state have suffered more from foreclosures.

Lawrence had 5 completed foreclosures in the first quarter of 2012, compared to 16 in 2011. However, there were 53 foreclosure petitions through March.

Fall River had 43 foreclosures in the first quarter (23 in 2011) Brockton had 84 (65 in 2011).

First Quarter Saw Increase in Foreclosures in Somerville - Somerville, MA Patch