Massachusetts Foreclosures Continue Record Pace

The first quarter of 2008 saw the number of Massachusetts home owners enter the foreclosure process at a record pace, the Boston Business Journal reported May 7, 2008.

"The state saw 9,114 new properties enter foreclosures, up almost 38 percent over a year ago and the third record-breaking quarter in a row, according to data provider ForeclosureMass.com."

More than 75 percent of the state's 351 communities saw foreclosure rates increase in the past year, with 73 municipalities seeing at least a 75 percent increase in filings.

Read The Boston Business Journal Article