Foreclosure activity for Wakefield consisted of just one foreclosure petition during the month of January, according to recent data from the Warren Group.
The Massachusetts-based real estate information company reported no foreclosure auctions or foreclosure deeds for January, 2013 either.
Statewide, the number of foreclosure petitions was reportedly down 30% between January 2012 and January 2013 - when 940 were recorded in Massachusetts.
"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."