June recordings continued a strong six-month stretch for recordings of both deeds and mortgages at the Plymouth County Registry of Deeds. The 847 deeds recorded in June were the highest number of sales in two years. Mortgage recordings were also up significantly in the first half of 2012.
Foreclosures continued to be of serious concern. However, the slowdown in the filing of foreclosure notices raises the question of whether national lenders, in particular, may finally be seeing the benefits to them of a short sale or modification as compared to the drawn out and often legally challenged foreclosure process. The foreclosure issue and any effort to forecast future trends is constantly affected by court decisions, legislative changes, and, above all else, the pace of our economic recovery. For a more detailed explanation of the June recording figures go to the monthly Registers Report.