Foreclosures soar in Mass. in July – The Boston Globe
Sep 02, 2010
Foreclosures soar in Mass. in July – The Boston Globe.
More than 1,200 Massachusetts homeowners lost their properties to foreclosure in July as the sluggish economy and high unemployment keep pushing the number of homes taken back by lenders toward what could be a record high this year.
“Homeowners are still under duress, and the market isn’t getting any better,’’ said Vincent M. Valvo, editor-in-chief of the industry publication Banker & Tradesman. “We are likely to see increasing foreclosure activity for the next few months.’’
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