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Issue of February 11, 2008 |     |
Petitions to Foreclose Increase 55% in 2007By Amy Wyeth Lenders initiated 29,607 petitions to foreclose on Massachusetts properties in 2007, 55 percent more than the 19,112 petitions filed in Land Court the year before, according to new statistics from The Warren Group, parent company of Banker & Tradesman. Shareholder Makes Power Play To Become Massbank Director By Amy Wyeth A shareholder at Massbank Corp., the holding company for Reading-based Massbank, has nominated himself and two other shareholders to positions on the bank’s board of directors, citing dissatisfaction with the institution’s performance. Middlesex Among the Victims Of Lagging Deed Procedures By Amy Wyeth The lag time between the signing of residential foreclosure deeds and when they’re recorded at registries of deeds as final is exceeding 200 days, on occasion, in Middlesex County – one of the Bay State counties most impacted by foreclosures. |
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