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The Boston Globe

Business

Lenders take back far fewer homes

Foreclosure activity in Massachusetts continued to wind down last month. Lenders filed only 248 petitions to take back properties, the lowest monthly number since at least 2006, according to data released Thursday by a Boston real estate tracking firm.

The May foreclosure starts represented an 86 percent drop compared with the same month in 2012, and the first time since the state’s housing meltdown started seven years ago that the number of foreclosures initiated fell below 250, Warren Group reported.

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