Wow.
The ignorance of this statement is just....
Wow.
http://www.boston.com/business/globe/articles/2006/12/13/foreclosure_activity_surges_in_mass/
Foreclosure activity surges in Mass.
Numbers up nearly 300% from last year
By Kimberly Blanton, Globe Staff | December 13, 2006
Massachusetts experienced the
second-biggest increase in foreclosure activity in the country last month, according to a report yesterday from a firm that tracks the housing market.
The Bay State came in second only to Alabama in the rise in total properties that entered some stage of foreclosure, including lenders' initial notices that homeowners were in default, foreclosed property sales and auctions, and lenders' sales of repossessed property, said RealtyTrac , an Irvine, Calif., company that researches and provides information about US properties for sale....
...
By the end of the year, Massachusetts could surpass its 1991 record for the number of initial foreclosure notices by lenders against homeowners, according to a separate report yesterday by ForeclosuresMass.com, which culls the data from filings in state Land Court. There were 15,133 filings statewide between January and October, compared with 17,000 in all of 1991.
Thanks for beating out Alabama, though.
I guess the rest of the country bailing you out of yet another real estate boom to bust situation.
You're welcome.