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Foreclosures Through The Roof
By David Boeri
Listen to story (Real Audio)
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A new report from "ForeclosuresMass.com" finds foreclosure filings have hit a record high across the Bay State. |
BOSTON, Mass. - February 27, 2007 - In a case of bad news turning worse, foreclosure filings against Massachusetts' homeowners have hit their highest monthly total on record.
According to a new report from Foreclosures Mass Dot Com this morning, lenders started proceedings on 22-hundred and seven properties last month. That's double the number for January last year.
The latest figures follow the Framingham company's records for 2006, which show a 77 percent rise in the rate of foreclosures across the Bay State.
WBUR's David Boeri visits some foreclosed homes to find out what's going on.
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