Given the current economic crisis inflicted upon our country and more immediately our county, it appears impossible to go even a few hours without being reminded of our uncertain economic future. With all of the staggering foreclosure and unemployment rates being announced in our newspapers and news programs, it has become quite difficult to gauge our current situation, let alone hypothesize the future. Upon gathering and comparing Massachusetts and Hampden County foreclosure rates for October 2008 and October 2009, there appears to be some signs of hope. While the positive results are too premature to warrant a sigh of relief, any bit of good news is just that….good news! Though Massachusetts saw a 30% increase in foreclosures from September 2009 to October 2009, the state’s foreclosures decreased from 588 in October 2008 to 503 in October 2009. In Hampden County, the number of completed foreclosures decreased 9.1% from 88 in October 2008 to 80 in October 2009.
Though a statistical decrease of this nature is definitely a positive sign, it is important to note that this trend may not continue due to the combination of increased unemployment rates that are expected to remain considerably high until late 2010, as well as a large number of adjustable rate mortgages, which upon fluctuation, may leave some homeowners unable to afford the newly adjusted mortgage. While the unemployment rate in Massachusetts has seen its first decrease since June 2007 from 9.3% in September 2009 to 8.9% in October 2009, there still was a 53.5% increase in unemployment from 5.8% in October 2008 to 8.9% in October 2009. In other words, we have a long way to go. Hampden County also experienced an increase in unemployment from 6.6% in October 2008 to 9.9% in October 2009. The large percentage increases in the Massachusetts and Hampden County unemployment rates are quite unnerving due to the common correlation between unemployment and foreclosures. Aware of the disastrous effect that foreclosures can have on the economy, many federal and state agencies are intervening to reduce the foreclosure rate. For example, lawmakers in Philadelphia are requiring mediation between lenders and mortgage holders in hopes that they can come to an agreement which would prevent foreclosure. The effectiveness of this model has been met with mixed reviews.
Thursday, December 3, 2009
Tuesday, November 17, 2009
Friday, November 13, 2009
Tuesday, October 27, 2009
October 26, 2009 - Press Release
DONALD E. ASHE, HAMPDEN COUNTY REGISTER OF DEEDS, ANNOUNCED TODAY THAT A DELEGATION OF GOVERNMENT OFFICIALS FROM THE COUNTRY OF UKRAINE WILL BE VISITING THE REGISTRY OF DEEDS ON THURSDAY, OCTOBER 29, 2009 AT 10:30 A.M.
Click here for more information...
Click here for more information...
Monday, September 28, 2009
Public Service Announcement - National Deed Service
Donald E. Ashe, Hampden County Register of Deeds, announced today that the National Deed Service, Inc. is offering to provide a certified copy of a deed for the price of either $59.50 or $69.50. The Registry of Deeds is the only source for providing certified copies of deeds and it charges $1.00 per page which for most deeds amounts to a total of $2.00.
Click here to read the entire PSA...
Click here to read the entire PSA...
Tuesday, August 18, 2009
Monday, August 10, 2009
Thursday, July 23, 2009
Register Ashe's Fiscal Year 2009 Forecast
Tuesday, July 14, 2009
Register Ashe's Fiscal Year Forecast
It is that time of year again, when Register of Deeds, Donald E. Ashe hosts his bi-annual real estate forecast. The forecast is a press release held at the Registry of Deeds detailing figures including documents recorded and revenue collected. Foreclosures have been a topic of interest for the past year and a half, and will remain a topic of interest for this forecast.
"While this recession has been more severe and longer than prior ones since the 1930's, it does have one thing in common with them; they all ended, and this one will too," assures Register Ashe.
The full real estate forecast, along with graphics, will be available on our homepage during the next week. Stay tuned!
"While this recession has been more severe and longer than prior ones since the 1930's, it does have one thing in common with them; they all ended, and this one will too," assures Register Ashe.
The full real estate forecast, along with graphics, will be available on our homepage during the next week. Stay tuned!
Wednesday, July 1, 2009
NOTICE EFFECTIVE 9-1-09
Effective September 1, 2009, a postage paid envelope must be provided in order to return original documents that are received by the registry via mail. This mandate is due to budget constraints in the Commonwealth.
Please print the return address on the face of the document and ensure that the envelope in which you provide contains the accurate address.
We apologize for any inconvenience.
Please print the return address on the face of the document and ensure that the envelope in which you provide contains the accurate address.
We apologize for any inconvenience.
Thursday, June 25, 2009
MONSON INCREASES MUNICIPAL LIEN CERTIFICATE FEES
With the acceptance of Massachusetts General Law, Chapter 40, Section 22F at the town of Monson's annual town meeting on May 11, 2009 and by vote of the Monson Board of Selectman at their meeting of June 9, 2009, MUNICIPAL LIEN CERTIFICATE FEES WILL INCREASE FROM $25 TO $50, EFFECTIVE JULY 1, 2009.
Please be advised that the fee to record these municipal lien certificates at the Hampden County Registry of Deeds will remain $65.
If you have questions, please contact Dorothy P. Jenkins at the Monson Collector's office at 413-267-4119 or you may email her at towncollector@monson-ma.gov
Please be advised that the fee to record these municipal lien certificates at the Hampden County Registry of Deeds will remain $65.
If you have questions, please contact Dorothy P. Jenkins at the Monson Collector's office at 413-267-4119 or you may email her at towncollector@monson-ma.gov
Wednesday, June 24, 2009
Tuesday, June 16, 2009
Wednesday, May 27, 2009
Tuesday, May 26, 2009
Tuesday, May 19, 2009
Wednesday, April 29, 2009
eRecording Seminar for Bankers and Real Estate Professionals
If you have received a invitation to the May 7th eRecording "kick-off", please email hcrodsd@sec.state.ma.us or call Marlene or Kelly at 413-755-1722 extension 107 to RSVP if you haven't done so yet.
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