Meanwhile, the number of completed foreclosures declined 25.4 percent to 9,269 last year from 12,430 in 2008, but 2009 had 21.1 percent more completed foreclosures than the 7,653 foreclosures recorded in 2007.
Foreclosure petitions, the first step in the Massachusetts foreclosure process, reached 2,060 in December, a 6.4 percent increase from 1,937 in November and 26.8 percent higher than the 1,625 petitions filed in December 2008. The number of foreclosure petitions exceeded 2,000 for every month in 2009 except January and November.
In December, there were 857 foreclosure deeds, a 22 percent jump from November’s 702 deeds, but an 8.4 percent decline from the 936 deeds recorded in December 2008. Foreclosure deeds represent completed foreclosures. Foreclosure deeds fluctuated throughout the year, peaking at 978 in January 2009.