Foreclosures in Massachusetts continue to rise. ForeclosuresMass.com reports that they are at a 12-year high.
From today’s Worcester Telegram:
The role played by the state’s slow economy [in the high foreclosure rate] is not clear, but many home buyers who used sub-prime loans or variable-rate mortgages are having trouble keeping up with payments as interest rates increase — especially those who purchased properties with little or no down payment.
Related posts:
- South of the Border: Foreclosures in Rhode Island
- A Perfect Storm
- Barnstable County Foreclosure Rate Highest in State
- Foreclosures are up. Way up.
- Truth & Consequences Continued: Georgetown Study contradicts Mortgage Bankers Association Analysis
Tags: Bankruptcy, Consumer Rights, Economy, Mortgages and Foreclosures