Mass. Foreclosures Spike in March

Discussion in 'Political Discussion' started by wistahpatsfan, Apr 24, 2008.

  1. wistahpatsfan

    wistahpatsfan Pro Bowl Player

    Jul 30, 2005
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    #75 Jersey

    "Almost 1,200 Massachusetts properties were seized by mortgage companies in March, an increase of more than 140 percent from the number of foreclosures in March 2007, according to new data from Warren Group.

    Massachusetts foreclosures during the first three months of this year topped 2,800, also about 140 percent greater than the number of foreclosures during the first quarter of 2007....

    An indication the worst is yet to come: The number of petitions to foreclose, an indicator of future foreclosures, climbed by 33 percent to 2,918 in March, compared with 2,189 filed in March 2007."

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