Regs Create Lull in Massachusetts Foreclosures

Foreclosure filings in Massachusetts totaled only 351 in June, a temporary lull produced by new foreclosure regulations that took effect May 1, according to ForeclosuresMass.com, a provider of foreclosure data based in Framingham, Mass. The company noted that 3,414 foreclosure filings had been recorded in April, a record high. "Massachusetts foreclosures are in a holding pattern, but the low numbers of filings we've seen over the past two months will end within the next four to six weeks," said Jeremy Shapiro, president and co-founder of ForeclosuresMass.com. "Massachusetts homeowners continue to face a wide range of economic pressures, and will soon return to the record foreclosure levels being seen nationwide." The company can be found online at http://www.foreclosuresmass.com.