Friday, July 8, 2011

New Hampshire Foreclosures Continue to Rise

The New Hampshire Housing Finance Authority said Wednesday that foreclosures in the state rose 5.3 percent in May when compared to the same month last year.

The authority announced that the state appears on track to see more than 3,500 foreclosures this year.
The authority announced that 340 foreclosure deeds were recorded in May, up from 323 in May 2010.
There were 1,757 foreclosures in the first five months of the year, down from 1,811 foreclosures recorded over the same time period in 2010.

The pace of foreclosures slowed in late 2010 and early this year due to a moratorium by several large lenders.

There were a total of 3,953 foreclosures in New Hampshire in 2010, nearly double the number recorded in 2007.



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