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The Boston Globe


Aug. data signal lenders stepping up foreclosure action

More than 900 Massachusetts homeowners lost their properties to foreclosure in August, the highest monthly total this year and another sign that lenders are revving up their efforts to take back properties from people who aren’t making mortgage payments.

The 937 foreclosure deeds recorded last month marked a 21.2 percent increase from July, but a drop of 22 percent from August 2010, according to data released yesterday by Warren Group, a Boston company that tracks local real estate data. It was the third consecutive month with more than 750 deeds, following a major slowdown last fall caused by nationwide concerns over allegations of fraud and sloppy paperwork among lenders.

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