October 3, 2007
Mass foreclosures on track for all-time high
By Matthew L. Brown
Worcester and four other Massachusetts counties saw home foreclosures increase by at least 80 percent during the last 12 months, according to ForeclosuresMass.com.
ForeclosuresMass.com released its Massachusetts market analysis report, which details foreclosure filings "at record levels and impacting urban, suburban and rural homeowners from every corner of the state."
According to the firm, foreclosure filings have at least doubled in 102 Massachusetts cities and towns, and the 12,660 foreclosures filed in the last 12 months is 76 percen higher than the same period last year. The group forecasts at least 7,000 new foreclosure filings by the end of the third quarter, a new quarterly record.
Along with Worcester County, Suffolk, Essex, Middlesex and Barnstable counties all experienced foreclosure increases of at least 80 percent over the last 12 months.
ForeclosuresMass.com released its Massachusetts market analysis report, which details foreclosure filings "at record levels and impacting urban, suburban and rural homeowners from every corner of the state."
According to the firm, foreclosure filings have at least doubled in 102 Massachusetts cities and towns, and the 12,660 foreclosures filed in the last 12 months is 76 percen higher than the same period last year. The group forecasts at least 7,000 new foreclosure filings by the end of the third quarter, a new quarterly record.
Along with Worcester County, Suffolk, Essex, Middlesex and Barnstable counties all experienced foreclosure increases of at least 80 percent over the last 12 months.
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