Mass. foreclosures drop 17% from 2011
July figures are year’s lowest as state economy, housing market improve
Fewer foreclosures were started and completed in July as the Massachusetts housing market and overall economy continued to slowly improve, according to data released Monday. The number of foreclosure petitions – the first step in the seizure process – dropped to 1,198 in July, nearly 17 percent less than during the same period last year and the lowest monthly total recorded in 2012, according to the Warren Group, a Boston company that tracks local real estate.