Foreclosures are "skyrocketing" in Massachusetts, according to ForeclosuresMass, a provider of foreclosure data based in Framingham, Mass.The company said 4,292 foreclosures were recorded in the second quarter, up 66% from the level of a year earlier and 114% from that of 2004. "Foreclosures are not simply on the rise here in Massachusetts, they are skyrocketing to new levels," said Jeremy Shapiro, president and co-founder of ForeclosuresMass. "Thousands of Massachusetts homeowners are in distress, and interest rates, dropping home prices, and escalating energy costs will only make the situation worse as we move into the latter half of 2006." The company can be found online at http://www.foreclosuresmass.com.
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