Massachusetts Foreclosures on Record Pace

Foreclosures are occurring at a record-breaking pace in Massachusetts, according to ForeclosuresMass, a provider of foreclosure data based in Framingham, Mass.The company said 4,891 foreclosures were recorded in the third quarter, up 66% from the level of a year earlier and 140% from that of 2004. Foreclosures this year in Massachusetts "have already surpassed the number of foreclosures in all of 2005," said Jeremy Shapiro, president and co-founder of ForeclosuresMass. "Every corner of the state is being impacted by this incredible surge." The company can be found online at http://www.foreclosuresmass.com.