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02/27/2007

"Record Foreclosures in Massachusetts"

Foreclosures hit an all time high in January in the Bay State of Massachusetts. 2,207 foreclosure filings in January 2007, doubles  the amount filed for the same period a year prior.   20,618 foreclosure filings in the past 12-months makes for a 77 % jump in filings compared to the same period a year prior.

   Overall, the total number of foreclosure filings in Massachusetts increased 105 percent between January 2006 and January 2007, and there were 110 foreclosure filings recorded for every business day in the month of January.

Bristol, Barnstable, and Worcester Counties experienced the most significant increases in foreclosures.

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