Year Began With Zero Foreclosure Activity for Lynnfield

Lynnfield began 2013 with no foreclosure activity at all, according to new data from the Warren Group.

The Massachusetts-based real estate company found no foreclosure petitions, auctions or deeds reported in Lynnfield at all for January 2013. For that month last year, one foreclosure petition and three foreclosure auctions were reported.

During this period, the statewide number of foreclosure petitions also reportedly dropped 30%. Foreclosure deeds, representing completed foreclosures, dropped 63% from January 2012 to 2013, noted the Warren Group.

"We're finally seeing a clear picture of the trend in foreclosures - and it is good news," said Timothy M. Warren Jr., CEO of The Warren Group. "The housing market has greatly improved - a sign that the economy is gaining ground and foreclosures will continue to subside."