Business

Mass. foreclosure activity dropped in September

September was the16th consecutive month of year-over-year declines in completed foreclosures in Massachusetts.

AP File/2007

September was the16th consecutive month of year-over-year declines in completed foreclosures in Massachusetts.

Foreclosure activity in Massachusetts continued to decline last month, with 247 foreclosure deeds recorded locally in September, a 52 percent drop from the same month a year ago, the Warren Group said Tuesday.

It was the 16th consecutive month of year-over-year completed foreclosure declines, the firm said.

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Meanwhile, foreclosure petitions, an early step in the foreclosure process, dropped to 438 in September, a 69 percent year-to-year decrease, said the Warren Group, a Boston-based firm that tracks local real estate and foreclosure activity.

“The foreclosure numbers in September and the third quarter further bolster the opinion that foreclosures are in full retreat due to a booming real estate market and government programs designed to assist homeowners who are delinquent on their mortgages,” Warren Group chief executive Timothy M. Warren Jr. said in a statement. “It’s been a solid year of foreclosure decreases, indicating the worst of the housing crisis is over.”

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