Foreclosures Hit Record High in MA

Foreclosure filings in Massachusetts reached a record high of 2,207 in January, more than double the 1,076 recorded a year earlier, according to ForeclosuresMass.com, a provider of foreclosure data based in Framingham, Mass.The company said lenders initiated foreclosure proceedings against 20,618 homeowners over the past 12 months, a 77% increase from the 12-month level recorded a year earlier. "The flood of foreclosures in Massachusetts is not only continuing, it has reached a new high," said Jeremy Shapiro, president and co-founder of ForeclosuresMass.com. ".... The fact that we are starting the year with the highest number of foreclosure filings we've ever recorded for a single month is more than significant -- it's ominous." The company can be found online at http://www.foreclosuresmass.com.