Foreclosures Still Soaring in MA

Foreclosures are still soaring in Massachusetts, according to ForeclosuresMass.com, a provider of foreclosure data based in Framingham, Mass.The company said 1,812 foreclosures were recorded in August, up 72% from the level of a year earlier and 266% from that of 2004. "Foreclosures in Massachusetts continue to escalate at levels we haven't seen since the housing crash of the early 1990s," said Jeremy Shapiro, president and co-founder of ForeclosuresMass.com. "In August alone there were over 90 new foreclosures filed every business day from every corner of the state. These latest findings have prompted us to extend our forecast: we expect foreclosure rates to continue this historic climb well into next year." The company can be found online at http://www.foreclosuresmass.com.