Mortgage and Bank Transfers Dominate July Deed Filings in Douglas

DOUGLAS -- Thirteen property transfers were recorded in Douglas during the four weeks ending Aug. 1, but only one included a disclosed sale price, and most of the remaining transactions listed banks, mortgage companies or loan-servicing firms as a party rather than a conventional buyer or seller.

MARKET OVERVIEW The Worcester County Registry of Deeds recorded 13 property transfers in Douglas between July 3 and Aug. 1. Of those, only one — a $154,580 transaction recorded July 8 — included a disclosed sale price. Because 12 of the 13 filings did not disclose a price, a meaningful price range or median cannot be calculated for the period as a whole; the $154,580 figure reflects that single transaction only. The raw count of 13 recorded deeds is a typical volume of registry activity, but it does not by itself indicate whether the traditional home-sale market was active or quiet, since most of the filings involved mortgage-related entities rather than conventional buyer-to-seller transactions.

TOP SALES Only one transaction in the dataset included a disclosed price: a Douglas property sold for $154,580 and recorded July 8, with Michael D. White as seller and Cornerstone Bank as buyer. The deed record did not specify a street address beyond the town of Douglas. No other sale prices were disclosed in this period's data, so no additional top sales can be reported.

NEIGHBORHOOD BREAKDOWN Cook Street saw two deed transfers recorded the same day, July 6: 25 Cook St., where Nationstar Mortgage LLC and Mr. Cooper are listed as parties, and 19 Cook St., where Mortgage Electronic Registration Systems Inc. and Rocket Mortgage LLC are listed as parties. The Main Street corridor also had two filings: 414 Northeast Main St. (July 7), involving Wells Fargo Bank NA and Freedom Mortgage Corp., and 130 Southeast Main St. (July 6), involving Luke and Anna Cirka. No price-tier breakdown is possible, since 12 of the 13 transactions lack disclosed sale prices.

MARKET NOTES Nine of the 13 recorded transfers listed a bank, mortgage lender, loan servicer or Mortgage Electronic Registration Systems Inc. (MERS) as grantor, grantee or both: the White-to-Cornerstone Bank transfer; Southbridge Credit Union and Rachel A. Perkins at 57 Yew St.; Salem Five Mortgage Co. LLC and James J. Bedlion at 204 Wallum Lake Rd.; Citizens Bank NA and James McNary at 2 Orange St.; MERS and Residential Mortgage Services Inc. at 11 Walnut St.; Wells Fargo Bank NA and Freedom Mortgage Corp. at 414 Northeast Main St.; MERS and Guild Mortgage Co. LLC at 240 South St.; MERS and Freedom Mortgage Corp. at 739 NW Main St.; and MERS and Rocket Mortgage LLC at 19 Cook St. None of these carried a disclosed sale price. One filing, at 130 Southeast Main St., involved two grantors sharing a surname, Luke Cirka and Anna Cirka, consistent with a transfer within the same family; deed records do not indicate the reason for the transfer. Property type — single-family, condominium or multi-family — was not specified in the registry data, and bedroom, bathroom and square-footage figures were not available for any of the 13 transactions.

Recorded Deeds

Source: Registry of Deeds. Sale amounts shown as recorded; transfers without a disclosed consideration are noted as such.

Jul 6 - Jul 12

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.