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"Facts are stubborn things"
Milford Daily News - April 8, 2009
Jeremy Shapiro and Sheila Farragher-Gemma, founders of ForeclosuresMass.com reported "One thousand-forty new foreclosures were filed in Massachusetts over this past week." Perhaps that explains why several Chapter 40B affordable housing complexes have...
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"Foreclosure after Reprieve"
90.9 WBUR Boston's NPR News Station - August 13, 2008
A new law gives Bay Staters a temporary reprieve from foreclosure. They now have three months after they first default on their mortgage before the lender can file to foreclose. The law is credited with an 84 percent drop in filings in June...
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"New law creates temporary lull in foreclosures"
Boston Globe - June 16, 2008
Foreclosure filings in Massachusetts dropped 89 percent from April to May, but the decline was due to a change in state foreclosure procedures and not a change in market conditions, ForeclosuresMass.com said today.
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"New Law Creates Temporary Lull in Massachusetts Foreclosure Filings"
Centre Daily Times - June 16, 2008
ForeclosuresMass.com, the leading provider of Massachusetts foreclosure data for investors, real estate professionals and mortgage brokers, released its latest Massachusetts Market Analysis Reports today.
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"New Law Creates Temporary Lull in Massachusetts Foreclosure Filings"
Business Wire - June 16, 2008
ForeclosuresMass.com, the leading provider of Massachusetts foreclosure data for investors, real estate professionals and mortgage brokers, released its latest Massachusetts Market Analysis Reports today.
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"New law triggers lull in Bay State home foreclosures"
Boston Herald - June 16, 2008
ForeclosuresMass.com said today that petition filings statewide fell to 392 in May. That’s nearly 89 percent lower than the same month a year ago. The Framingham-based collector of foreclosure data attributes the decline to a state law.
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"New law triggers lull in Mass. home foreclosures"
WBZ Newsradio 1030 - June 16, 2008
ForeclosuresMass.com said Monday that petition filings statewide fell to 392 in May. That's nearly 89 percent lower than the same month a year ago.
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"Bay State Foreclosures Slow In May"
Worcester Business Journal - June 16, 2008
Framingham-based ForeclosuresMass.com says the state's 90-day extension for homeowners facing foreclosure made May the eye of a real estate finance hurricane.
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"Hampden County registrar expects foreclosures to break 10-year record"
The Republican - June 16, 2008
ForeclosuresMass.com said yesterday that petition filings, an early step in the process, statewide fell to 392 in May. ForeclosuresMass.com is a Framingham-based collector of foreclosure data.
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"Massachusetts Foreclosure Law Creates Calm Before the Storm"
Default Servicing - June 16, 2008
A new mandate included in a Massachusetts foreclosure law has prompted the number of foreclosure filings in the state to fall to 392 filings in May from 3,414 filings the month before, according to ForeclosuresMass.com.
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"In Massachusetts, a Temporary Lull in Foreclosures"
Housing Wire - June 16, 2008
A new law in Massachusetts helped push foreclosure filings to a near-record low in May, with the state recording just 392 filings during the month according to state-wide data service ForeclosuresMass.com. Last month’s filings dropped nearly 89 percent.
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"New Law Creates Temporary Lull in Massachusetts Foreclosure Filings"
PR Inside - June 16, 2008
ForeclosuresMass.com, the leading provider of Massachusetts foreclosure data for investors, real estate professionals and mortgage brokers, released its latest Massachusetts Market Analysis Reports today.
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"Massachusetts Looks to Evaluate Lenders on Loan Modifications"
Housing Wire - June 3, 2008
Real estate data firm ForeclosuresMass.com reported in May that more than 9,000 properties entered into foreclosure during the first quarter of 2008, a 37.6 percent increase over one year earlier.
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"Trying to Avoid Foreclosure"
90.9 WBUR Boston's NPR News Station - May 13, 2008
More than 9,000 homes around Massachusetts have gone into foreclosure so far this year. That's 38% more than the same period a year ago, and according to foreclosuresmass.com, the trend has spread to three quarters of the state's communities.
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"Foreclosure filings keep rising in Commonwealth"
Boston Globe - May 8, 2008
In the first quarter, "Things have gotten worse," said Jeremy Shapiro, president of ForeclosuresMass.com. His firm blamed subprime and exotic mortgages with adjustable rates.
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"Boston Herald - Foreclosure surge hits toney towns"
Boston Herald - May 8, 2008
“The foreclosure crisis really has no boundaries in Massachusetts,” said Jeremy Shapiro, president and co-founder of ForeclosuresMass.com. “Communities rich and poor, urban and suburban and rural are all being impacted.”
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"Foreclosures rise"
Worcester Telegram & Gazette - May 8, 2008
For the third consecutive quarter, foreclosure actions have set a record in Massachusetts, according to a report from ForeclosuresMass.com.
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"Mass. Foreclosure Activity Continues to Surge"
Boston Globe - May 7, 2008
Foreclosure activity in Massachusetts set a record “Despite all of the attention being given to the foreclosure issue, nothing has changed. In fact, things have gotten worse,” ForeclosuresMass.com said today.
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"ForeclosuresMass.com Q1 2008 Report: Massachusetts Foreclosures Break Another Record"
Centre Daily - May 7, 2008
ForeclosuresMass.com,revealed that Massachusetts foreclosure rates continue to hit new record levels with each passing month.
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"Boston.com - United Ways look to at-risk homeowners"
Boston Globe - May 7, 2008
ForeclosuresMass.com reported that foreclosure activity in the Bay State surged 38 percent during the first quarter as home owners grappled with resetting adjustable-rate mortgages, sub-prime lows, declining home values, and rising energy prices.
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"Foreclosures continue to skyrocket in Mass."
Boston Business Journal - 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 ForeclosuresMass.com.
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"New Foreclosures Set Record in Massachusetts"
Housing Wire - May 7, 2008
Foreclosure rates in Massachusetts continued to hit new record levels during the first quarter, a report from statewide foreclosure data provider ForeclosuresMass.com said on Wednesday.
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"Mass. Foreclosures Hit Another Record High"
Worcester Business Journal - May 7, 2008
In the first quarter of 2008, Massachusetts saw the highest number of foreclosure filings on record, ForeclosuresMass.com reports.
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"Things are getting worse, not better"
Default Servicing - May 7, 2008
ForeclosuresMass.com, a company that offers the latest data on foreclosures in the Bay State, released a report Wednesday, saying lenders filed some type of foreclosure-related activity against 9,114 Massachusetts properties.
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"ForeclosuresMass.com Q1 2008 Report"
Yahoo Finance - May 7, 2008
ForeclosuresMass.com, the leading provider of Massachusetts foreclosure data for investors, real estate professionals and mortgage brokers, released its latest Massachusetts Market Analysis Report today.
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"Kerry Amendment Targets Mortgage Crisis"
iBerkshires.com - April 4, 2008
ForeclosuresMass.com reported that foreclosures are up in 282 of the state's 351 communities; at least 74 communities had a 75 percent increase. The record rate of foreclosures is expected to keep rising this year.
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"State to provide $2M for foreclosure prevention"
Boston Business Journal - April 3, 2008
In the last year, mortgage banks initiated foreclosure proceedings on 31,516 homes in Massachusetts, up 45.6 percent over the same period a year ago, according to a report by ForeclosuresMass.com.
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"Trolling for treasures in foreclosure wreckage"
Boston Globe - April 3, 2008
This year promises to be even worse; in the last 60 days, the town has seen 64 foreclosures, making it the eighth hardest-hit community in the state over the last couple of months, the company reported on its website, foreclosuresmass.com.
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"Bills may stem record levels of foreclosures"
Worcester Telegram & Gazette - March 30, 2008
A forecast from Foreclosuresmass.com indicated that record levels of foreclosures will unfold around the state through the rest of this year.
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"2008 could be even worse for local foreclosures"
Boston Globe - March 27, 2008
Home foreclosures in Massachusetts are estimated to increase by at least 15 to 25 percent above the historic highs reached in 2007, ForeclosuresMass.com reported today.
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"Report: Home foreclosures in Mass. highest in state history"
Boston Business Journal - March 27, 2008
The fourth quarter of 2007 saw the highest number of foreclosures in state history, according to a report issued Thursday by ForeclosuresMass.com. In the past 12 months, foreclosures are up in 282 of the state's 351 communities.
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"Lantigua, others seek six-month moratorium on foreclosures"
The Eagle Tribune - March 25, 2008
Foreclosures rose 65 percent in Essex County in 2007, according to ForeclosuresMass.com. Rising interest rates on sub prime loans helped trigger the foreclosure crisis. The loans came with adjustable rates, which homeowners could not afford.
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"Someone's Loss Was His Gain"
Boston Globe - March 16, 2008
The rash of foreclosures has caused misery for those forced out of their homes. But it's also provided opportunity for buyers like Ed Gilman looking for a deal.
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"Foreclosures R Us"
Worcester Business Journal - February 18, 2008
ForeclosuresMass has grown and expanded its focus. Today, the company is part listing service, part education provider and part networking group for real estate agents, mortgage providers and real estate investors.
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"Foreclosure crisis hits hard in Bay and Granite states"
The Eagle Tribune - December 9, 2007
The Warren Group was unable to provide comparable statistics for Lawrence, Methuen, Andover and North Andover. But Foreclosuresmass.com, a company that tracks real estate trends across the state for investors, provided data showing foreclosure petitions
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"Feds Working on Subprime Solution"
Cape Cod Times - December 4, 2007
In the 12-month period from Sept. 1, 2006, to Aug. 31, 2007, there were 1,344 foreclosure filings in Barnstable County and 2,374 such filings in Bristol County, according to data from ForeclosuresMass.com, a company that tracks foreclosure filings.
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"Foreclosure News is Never Good"
Boston Globe - November 28, 2007
ForeclosuresMass.com, which tracks filings by lenders against homeowners in the state's Land Court, said filings were a record in August -- the third monthly record in a row.
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"Massachusetts' Foreclosure Rate In The Third Quarter of 2007"
US Realty News - October 6, 2007
The leading provider of Massachusetts’ foreclosure data, ForeclosuresMass.com, published the latest Massachusetts Market Analysis Report. The data revealed that the rate of foreclosure filings in the state has reached record-breaking levels.
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"Foreclosure Crisis Grows In Bay State"
WCVB Channel 5 - October 3, 2007
"I would use the word 'frightening.' I would use the word 'crisis.' What we are seeing is an increase across the board of foreclosures in Massachusetts," said Sheila Farragher-Gemma, of ForeclosuresMass.com.
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"New kids on the (auction) block"
Boston Globe - September 2, 2007
With record numbers of foreclosures in the bay state, online services allow investors of all stripes to get a piece of the action
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"Our View: New mortgage rules protect the public"
The Standard Times - August 10, 2007
Bristol County fared far worse than the state in a recent report by ForeclosuresMass.com, which sells data to real estate investors and brokers. February 2007 foreclosures were up 92 percent over the previous February in Bristol County, compared to...
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"First-timers acquiring a fixer-upper often face foreclosure"
Boston Herald - July 31, 2007
“Then, before you even lay your hands on a property, know who you’re selling to, and have an exit plan,” said Jeremy Shapiro, owner of ForeclosuresMass.com. “Draw the line on what you think you can do on your own, and make sure contractors are licensed."
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"Tangle of loans feeds foreclosure crisis"
Boston Globe - July 31, 2007
For example, more than 20 percent of foreclosure actions in Massachusetts in the last year have been initiated on behalf of a unit of Deutsche Bank Group, the German financial services giant, according to ForeclosuresMass.com, which tracks cases.
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"Attorney General Martha Coakley Announces Pro Bono Foreclosures Assistance Hotline Numbers"
Massachusetts Attorney General - July 31, 2007
This critical need is driven by the record number of foreclosures in the Commonwealth. Over 3,000 foreclosures have been initiated within the past 60 days according to www.foreclosuresmass.com.
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"At home with foreclosures"
Boston Herald - July 30, 2007
“The way that we’ve always looked at this is that if a homeowner is in foreclosure, there’s already a problem,” ForeclosuresMass.com’s Shapiro said. “Our members want to work with the homeowner and the bank to turn a lose-lose-lose scenario into a win...
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"Home loan crisis infects 'burbs"
The Enterprise - July 8, 2007
The bulk of foreclosed properties on the market are in the cities — but suburbia may be catching up. Some say foreclosure numbers can be misleading as homeowners may address their financial situation before the house is actually foreclosed upon...
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"Mass. foreclosure filings rise year over year"
Boston Business Journal - July 5, 2007
The number foreclosure filings in Massachusetts increased by 32 percent from May 2006 to May 2007, according to ForeclosuresMass.com. The Framingham, Mass., company reported that 2,136 foreclosures were initiated last month, and that the jump from...
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"The loss of a dream"
Worcester Telegram & Gazette - June 24, 2007
Jeremy B. Shapiro, president of ForeclosureMass.com, which tracks foreclosure data, said the problem will not get better in the short term, even with government relief efforts. “When you look at the increase from last year, it’s astronomically high...
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"Bay State foreclosure rates still on the rise"
Boston Herald - June 20, 2007
“Even if we had a 0 percent change, that would still mean we were seeing astronomical numbers of filings,” said Jeremy Shapiro of ForeclosuresMass.com, another market tracker. Shapiro expects foreclosure woes to continue...
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"Housing crisis causing bleak economic future for Worcester"
Worcester Telegram & Gazette - June 8, 2007
The actual numbers for Worcester are much worse than those suggested by the national percentages. The total number of foreclosures in the city of Worcester in the last year was 1,027. Data from Foreclosuresmass.com shows that there have...
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"Local lenders take a stand"
The Enterprise - June 1, 2007
According to foreclosuresmass.com: There were 23,116 foreclosures initiated statewide from May 2006 to April 2007, a whopping 81.33 percent jump from the previous year. Brockton had 963 filings during that time, ranking behind just Boston...
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"Springfield foreclosures 2nd most in state"
The Republican - May 23, 2007
Jeremy Shapiro, president of the company, said his analysis of the statewide numbers "has revealed the foreclosure crisis is hitting urban, suburban, rural, wealthy and poor communities in every part of the state."
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"Investors Cash In On Foreclosure Market"
WCVB Channel 5 - May 23, 2007
"The investor is probably going to low ball a little bit," said Shelia Farragher-Gemma, co-founder of ForeclosuresMass.com. "The time to get things done is early in the process and that's why investors are more aggressive...
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"April foreclosure filings dip from March"
Boston Globe - May 23, 2007
ForeclosuresMass.com, a Framingham firm that provides foreclosure data for investors, real estate professionals, and mortgage brokers, reported 2,002 filings in April, nearly 9 percent lower than the 2,190 filings in March 2007; the number of filings...
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"Preponderance of repossessions"
Worcester Business Journal - May 23, 2007
Jeremy Shapiro, president of ForeclosuresMass.com, said, "virtually every community in Massachusetts is being impacted. Wealthy and poor, urban and rural, and all communities in between are being ravaged."
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"Foreclosure Report: No One in the Bay State is Immune"
Default Servicing - May 23, 2007
Massachusetts homeowners – whether living in rural, suburban, middle-class or lower-class communities – are feeling the pinch of the foreclosure surge statewide, according to ForeclosuresMass.com, which just released...
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"State's foreclosure rate deemed a crisis by governor"
The Standard Times - April 26, 2007
According to the Web site ForeclosuresMass.com, which tracks foreclosures for the real estate and legal professions, Bristol County had 360 foreclosures initiated in the past 60 days, along with 487 in Plymouth County. In that same 60-day period...
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"Editorial: An epidemic of foreclosures"
MetroWest Daily News - April 26, 2007
Massachusetts set another new record for home foreclosures in the first quarter, with lenders initiating proceedings against 6,624 homeowners. According to ForeclosuresMass.com, a Framingham company, that brings the number of foreclosures in the...
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"Patrick proposes mortgage fraud law"
Boston Globe - April 26, 2007
Foreclosure notices filed against Massachusetts borrowers hit a record in 2006 -- 19,487-- and are on track to exceed that number in 2007, based on notices that were filed in the first quarter of this year, according to ForeclosuresMass.com, which...
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"Foreclosures in Worcester County up"
Sentinel and Enterprise - April 25, 2007
"With no substantial market turnaround in sight, we expect Massachusetts foreclosure rates to continue at record or near-record levels for months to come," said the company's president, Jeremy Shapiro, in a statement.
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"Mass. foreclosure filings rose 47% last month"
Boston Globe - April 25, 2007
ForeclosuresMass.com, a Framingham firm that provides Massachusetts foreclosure data to investors, real estate professionals, and mortgage brokers, said there were 2,190 filings in the Bay State last month, compared with 1,492 for March 2006.
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"Mass. Foreclosures Rise"
Default Servicing - April 25, 2007
Jeremy Shapiro, President and Co-Founder of ForeclosuresMass.com: “Foreclosures in Massachusetts are continuing their historic climb; we’ve not seen numbers like this in…well, we’ve never seen numbers like this."
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"Bay State Suffers through Foreclosure Increases"
Default Servicing - April 24, 2007
In the latest compiled report, ForeclosuresMass.com says foreclosures between the first quarter of 2006 and the first quarter of 2007 jumped 76 percent. And, over the past 12 months, more than 22,342 homeowners entered the first phase of foreclosure...
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"Homeowner’s budget makes cents: Good money habits help mom buy home in down market"
Boston Herald - April 23, 2007
By the end of March, lenders had initiated foreclosure proceedings against 21,644 homeowners statewide in the past year, according to the Framingham-based ForeclosuresMass.com. That represents an 82 percent increase over the same time period...
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"Plan will aid those facing loss of homes"
Boston Globe - April 11, 2007
In 2006, there were a record 19,487 foreclosure filings against homeowners, with 2007 on track to exceed that number, according to ForeclosuresMass.com. The vast majority of these homeowners had subprime loans, which carry higher interest rates and...
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"Perfect Storm of Factors - Foreclosures crush many homeowners’ dreams"
The Patriot Ledger - April 7, 2007
The Web site Foreclosuresmass.com says foreclosures in Massachusetts increased by 85 percent from February 2006 to February 2007. More than 2,000 were filed in February, an average of 111 every business day.
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"Local foreclosure filings skyrocket"
The Salem News - April 3, 2007
Jeremy Shapiro, president and co-founder of ForeclosuresMass.Com, said a number of factors are driving the increase...
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"'Going up and up': Expert: No clear end to wave of foreclosures"
Boston Herald - March 29, 2007
“We keep going up and up and up,” said Jeremy Shapiro of ForeclosuresMass.com., which yesterday reported 2,227 Massachusetts homes fell into foreclosure last month. That’s up 85.4 percent from February 2006, and also beats a previous record of...
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"Mass. foreclosure filings set record for 2d month"
Boston Globe - March 29, 2007
Foreclosure filings hit a Massachusetts record high in February for the second straight month, according to a report by ForeclosuresMass.com.... the highest number since 1986, the earliest year for which such data are available, the firm said...
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"Mass. home foreclosure filings soar"
The Republican - March 29, 2007
Foreclosure filings in Massachusetts soared to new heights in February, the fifth consecutive month with more than 2,000 filings statewide, according to a report released yesterday...
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"Low-Income Neighborhood Reeling From Foreclosures"
WCVB Channel 5 - March 28, 2007
Massachusetts foreclosures are up 82 percent in the past year, and one of the hardest-hit areas is a Merrimack Valley neighborhood. NewsCenter 5's Amalia Barreda reported that the Arlington neighborhood in Lawrence, which is densely populated, largely...
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"Mass. foreclosures set a record"
Boston Globe - March 28, 2007
Last month, 2,227 foreclosures were initiated statewide, 85 percent more than the 1,201 recorded in February 2006, said ForeclosuresMass.com, a Framingham firm that provides foreclosure data to investors, real estate agents, and lenders...
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"Mass. foreclosures reach record high"
Boston Herald - March 28, 2007
Over the past 12 months, 21,644 Bay State homes have entered foreclosure... While lawmakers at the federal and state level are looking into ways to protect homeowners, the fact is that foreclosure filings have - and will - continue at...
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"Foreclosures in state jump again in February"
Fox Eye Witness News WPRI 12 - March 28, 2007
Despite the recent boom, industry data show the state is in the middle of the pack nationally based on its foreclosure rate. However, foreclosures have recently risen faster in Massachusetts than in most other states...
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"Foreclosures hit new high; SouthCoast among highest in state"
The Standard Times - March 28, 2007
Foreclosures in Massachusetts sky-rocketed over the past year, with SouthCoast seeing some of the biggest increases in the state, according to a report released today. Dartmouth and New Bedford were among highest increases in the entire state...
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"Home foreclosures hit record level"
Worcester Business Journal - March 28, 2007
Foreclosure filings in Massachusetts continue to increase at record pace, and reached a new high in February, according to a ForclosuresMass.com market analysis report...
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"Home Foreclosures Hit All-Time High"
90.9 WBUR Boston's NPR News Station - March 28, 2007
Home foreclosures in Massachusetts hit an all-time high for the second consecutive month, according to the web site ForeclosuresMass.com. The new report shows an 85 percent increase in foreclosures compared to the same period last year...
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"Massachusetts Foreclosure Filings Reach a New High"
Default Servicing - March 28, 2007
In it's "March Massachusetts Market Analysis Report," ForeclosuresMass.com says 2,227 foreclosures were initiated statewide in February. The report also says, in the past 12 months, lenders have launched foreclosure proceedings against 21,644 MA homes...
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"Condo project faces auction: Broadluxe complex hits skids"
Boston Herald - March 22, 2007
TDBanknorth is taking steps to foreclose and auction off a partly built, $17 million luxury-condo complex near the Rose Kennedy Greenway, according to an auctioneer. Tranzon Auction Properties said it’s been hired by TDBanknorth to conduct an April 17...
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"A subprime sales season: Home loan woes could yield price cuts in Bay State"
Boston Herald - March 19, 2007
The subprime-mortgage sector’s sudden implosion is putting some frost into forecasts for the Bay State housing market’s crucial spring season. “I was looking for a recovery - or at least stabilization - in Massachusetts home prices this spring, but...
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"Subprime lending practices under fire"
Cape Cod Times - March 18, 2007
Foreclosure petitions have been on the rise across the state over the past year, and by some measures Barnstable County has experienced the sharpest increase...
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"Mayor Speaks Out About Foreclosure Crisis"
WCVB Channel 5 - March 15, 2007
Families unable to keep up with unstable adjustable mortgages are losing their homes at an alarming rate in Brockton. NewsCenter 5's Amalia Barreda reported Thursday that banks are taking homes by the dozens, and it appears to be getting worse...
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"Cape couple claims mortgage deception mortgage"
Cape Cod Times - March 8, 2007
The state had 19,487 foreclosure filings last year, topping the old record of 17,000 in 1991, according to ForeclosuresMass.com, an online service that tracks foreclosures. The filings don't necessarily mean the homes were lost.
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"Foreclosure brokers traffic in despair"
Reuters - March 7, 2007
"Our latest data indicates that 2007 may be even worse," said Jeremy Shapiro, president of ForeclosuresMass which compiled the Massachusetts data, adding that it may take months for a house to be seized by lenders after an initial filing.
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"Problems in the mortgage business"
New England Cable News - March 6, 2007
There is growing problems with risky mortgages. For a closer look at mortgages right now is Jeremy Shapiro, the President & co-founder of ForeclosuresMass.com...
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"Economists: Stay the financial course"
Cape Cod Times - March 6, 2007
The recent spike in the number of home foreclosures nationwide - 271 in the past two months on Cape Cod, according to ForeclosuresMass Corp. - is not connected to the recent market losses, Lang said. The high number of foreclosures is linked to...
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"First, the good news . . ."
Worcester Telegram & Gazette - March 4, 2007
A little tougher to take was the news that foreclosure filings jumped more than 100 percent for January, compared with January 2006. ForeclosuresMass.com reported some 2,207 filings in the state in January, or about 110 filings every business day...
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"Foreclosure notices surge to a record"
Boston Globe - February 28, 2007
The state's looming foreclosure crisis escalated last month as the number of homeowners threatened with foreclosure more than doubled from a year earlier...
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"Mass. home sales on the rebound"
The Sun Chronicle - February 28, 2007
"...The flood of foreclosures in Massachusetts is not only continuing, it has reached a new high. (Last year) was a record-breaking year, and our latest data indicates that 2007 may be even worse," said Jeremy Shapiro, president of ForeclosuresMass.com.
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"Housing sales rise for Jan. Foreclosures double"
Worcester Telegram & Gazette - February 28, 2007
Meanwhile, foreclosures filings for January doubled from the previous year, according to data released yesterday by ForeclosuresMass.com.
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"Jan. home sales up, prices down"
Boston Herald - February 28, 2007
Framingham-based ForeclosuresMass.com indicated the number of Bay State foreclosures initiated in January reached a new high of 2,207, more than double the number in January 2006. Lenders have started foreclosure proceedings against 20,618 homeowners in
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"Bay State housing market on the rise"
New England Cable News - February 28, 2007
The Massachusetts housing market is making headlines. First, a confirmed trend that home sales are on the rise. Second, a report that says Jan had the most foreclosure filings in at least two decades. Kim Blanton of the Boston Globe takes a closer loo
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"Report: Foreclosures Hit Record High In Mass."
CBS 4 Boston - February 27, 2007
But there is more bad news about foreclosures. They've reached a record high. According to foreclosuresmass.com in Framingham, there were more foreclosures in January 2007 in Massachusetts than in any other month since they started keeping records...
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"More housing data confirms trend"
Boston Globe - February 27, 2007
...ForeclosuresMass.com, a Framingham firm, reported that in January, there were more foreclosure filings in the state than in any other month in two decades.
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"Mass. foreclosure filings smash record"
Boston Globe - February 27, 2007
January had the highest number of monthly Massachusetts foreclosure filings in at least two decades as local consumers struggled to hang onto their homes, according to a new report...
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"Foreclosures Through The Roof"
90.9 WBUR Boston's NPR News Station - February 27, 2007
In a case of bad news turning worse, foreclosure filings against Massachusetts' homeowners have hit their highest monthly total on record. According to a new report from ForeclosuresMass.com this morning, lenders started proceedings on 2,207...
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"Massachusetts Sets Record High in Foreclosures"
Default Servicing - February 27, 2007
The number of foreclosure filings in Massachusetts reached an all-time high in January, according to ForeclosuresMass.com – an online provider of foreclosure data that just released its “February Massachusetts Market Analysis Report...
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"Number of foreclosures expected to grow in '07"
Worcester Business Journal - February 27, 2007
In other real estate news, ForeclosuresMass.com of Framingham reported that the number of foreclosures in the state in January totaled 2,207, more than double the number recorded in January 2006...
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"Home foreclosures skyrocket on Cape Ann"
Gloucester Daily Times - February 16, 2007
A staggering 72 percent increase in housing foreclosures in Essex County, and a higher rate in Gloucester in particular, indicates local homeowners are struggling to make payments on the no-money-down, variable interest rate loans they arranged...
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"Terrible year for homeowners"
The Westborough News - February 13, 2007
The dramatic rise in foreclosures across Massachusetts in 2006 did not spare Westborough. Driven by plunging housing prices, petitions to foreclose on town properties nearly tripled from 2005, according to a report released Tuesday by ForeclosuresMass...
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"Foreclosures reach record during '06"
Lowell Sun - February 7, 2007
The report, from ForeclosuresMass.com, found that 19,487 foreclosures were initiated last year, eclipsing the previous record high of 17,000 set in 1991. Last year's total was 69.6 perent higher than the 2005 figure of 11,493...
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"Everett, Lowell lead foreclosure spike: 2006 was record-setting year"
Boston Herald - February 7, 2007
Mortgage foreclosures more than doubled in Everett, Lowell and five other Massachusetts locales during 2006 as banks moved to seize record numbers of homes statewide, new figures show... ForeclosuresMass.com reported yesterday...
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"Foreclosures up"
Worcester Telegram & Gazette - February 7, 2007
ForeclosuresMass.com reported yesterday that 6,525 new foreclosure filings were initiated in the fourth quarter, up more than 100 percent from the same period in 2005...
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"Filings to foreclose set record"
Boston Globe - February 7, 2007
Mortgage lenders submitted a record 19,487 foreclosure filings in Massachusetts last year, leaving more homeowners in danger of losing their homes than at any time since the real estate recession of the 1990s...
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"Record foreclosure filings in Mass. last year"
Fox Eye Witness News WPRI 12 - February 7, 2007
Lenders submitted 19,487 foreclosure filings, which experts called a clear sign of financial distress among residents. According to ForeclosuresMass.com, Barnstable County saw the biggest increase, as filings rose 91 percent to 934...
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"Bay State foreclosures at highest level in history"
Boston Business Journal - February 6, 2007
ForeclosuresMass.com, a state provider of foreclosure data for investors, real estate professionals and mortgage brokers, said in its Full-year 2006 Massachusetts Market Analysis Report that foreclosure filings in Massachusetts are at the highest levels
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"Foreclosure filings set record in 2006"
Boston Globe - February 6, 2007
Foreclosure filings by Massachusetts mortgage lenders last year reached a record level, as 19,487 of the state's homeowners were in financial distress and in danger of losing their home...
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"Bay State Sets Historic Record in Foreclosure Filings"
Default Servicing - February 6, 2007
Foreclosure filings in the state of Massachusetts are at the highest level in recorded history, according to a report released by ForeclosuresMass.com. On Tuesday, the online provider of foreclosure data released...
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"19,487 foreclosures filed in '06"
Worcester Business Journal - February 6, 2007
The latest report from ForeclosuresMass.com indicates that over 19,400 Bay State homeowners had foreclosures filed against them in 2006, beating the previous high of 17,000 filed during the housing crash of 1991...
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"Foreclosures surge locally"
The Standard Times - January 30, 2007
Jeremy Shapiro, president of ForeclosuresMass.com, a Web site that compiles listings of Massachusetts foreclosures, said many homeowners overextended themselves during the housing bubble...
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"Foreclosure Up by 70 Percent in Mass"
Associated Press - January 29, 2007
Jeremy Shapiro, president of ForeclosuresMass.com, which lists foreclosures in the state, said Massachusetts could continue to see foreclosures rise in 2007, although banks and mortgage companies are being more stringent in their lending practices...
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"Many more are losing their homes"
Boston Globe - January 21, 2007
In Bristol, Norfolk, and Plymouth counties, the total number of filings in 2006 is likely to be more than double that in 2004, according to projections by ForeclosuresMass.com, a website that compiles listings of foreclosed properties in Massachusetts...
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"Worcester Diary"
Worcester Telegram & Gazette - January 3, 2007
Citing ForeclosuresMass.com, they said rates for 2006 are expected to surpass the state high of 17,000 in 1991. They noted that there have been about 500 foreclosures in Worcester County in the past 60 days...
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"Not so bullish"
Boston Globe - December 31, 2006
...they're caught in a squeeze between falling home prices and rising adjustable-rate mortgages. Jeremy Shapiro, president of ForeclosuresMass.com, a website for real-estate investors, said foreclosure proceedings are growing explosively...
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"Foreclosures skyrocket locally"
Sentinel and Enterprise - December 17, 2006
The number of foreclosures initiated in Worcester County through October of this year has already far surpassed the total numbers for all of 2004 and 2005, according to figures released by ForeclosuresMass.com, which tracks the market...
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"Foreboding foreclosures"
The Berkshire Eagle - December 15, 2006
ForeclosuresMass.com, which keeps an eye on state Land Court proceedings, estimates that the total number this year will break a record set in 1991...
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"Real estate takes hit"
The Sun Chronicle - December 14, 2006
Real estate foreclosures in the Attleboro-Taunton area grew 124 percent during the first 10 months of 2006 compared with the same period two years ago, according to the Web site ForeclosuresMass.com...
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"Cities see soaring foreclosures: Non-traditional loans bear most blame, say experts"
The Patriot Ledger - December 13, 2006
Mortgage foreclosures are skyrocketing across the region, especially in such urban areas as Brockton and Taunton among immigrants and moderate-income people who used nontraditional financing to buy homes...
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"Foreclosures In Mass. Near Record Levels"
CBS4 Boston - December 13, 2006
Massachusetts could pass its 1991 record for the number of initial foreclosure notices by lenders against homeowners, according to a separate report by ForeclosuresMass-dot-com. There had already been more than 15,000 by October. There were 17,000...
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"Foreclosure filings spike on the Cape"
Cape Cod Times - December 13, 2006
Record numbers of mortgage holders on Cape Cod and the rest of the state are in jeopardy of losing their homes, according to a report by the information service ForeclosuresMass.com. In an analysis released yesterday, the company reported...
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"Foreclosure activity surges in Mass."
Boston Globe - December 13, 2006
Jeremy Shapiro, president of ForeclosuresMass , blamed the foreclosure crisis on exotic loan products that often offer low introductory rates and low monthly payments, which later rise as the rate adjusts upward. Massachusetts now has among the highest..
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"Home foreclosures soar: Mass. sees 300 percent increase"
Boston Herald - December 13, 2006
Jeremy Shapiro of market tracker ForeclosuresMass.com expects the bad times to continue in coming months. He said many squeezed homeowners will decide to cover winter utility bills, even if doing so means skipping mortgage payments...
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"Massachusetts Foreclosures Peak in October"
Default Servicing - December 12, 2006
October foreclosures in Massachusetts marked the highest monthly total in more than 10 years: 2,188 filings, according to ForeclosuresMass.com. This number yields a 111 percent increase over 2005 and was 219 percent greater than 2004...
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"Foreclosures skyrocket"
The Enterprise - December 12, 2006
Mortgage foreclosures are soaring across the region, especially in such urban areas as Brockton and Taunton among immigrants and moderate-income people who used non-traditional financing to buy homes. ForeclosuresMass.com reported that Brockton had...
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"Mass. foreclosure filings hit 10-year high"
Boston Globe - December 12, 2006
October foreclosure filings in Massachusetts hit a monthly 10-year high, according to a report out today from ForeclosuresMass.com, a provider of foreclosure data for investors, mortgage brokers, and real estate professionals...
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"Massachusetts foreclosures soar in October"
Inman News - December 12, 2006
Foreclosures in Massachusetts were up 111 percent in October compared to the same month last year, for the highest monthly total in over 10 years, according to ForeclosuresMass.com, a company that gathers and reports foreclosure data for the state...
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"On the Cape, a waiting game"
Boston Globe - December 10, 2006
...And Barnstable County had the steepest increase in the number of foreclosures -- 84 percent -- among Massachusetts counties for the 12 months ended Sept. 30, according to ForeclosuresMass.com...
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"Rising rates spell doom"
The Standard Times - November 24, 2006
According to statistics from Foreclosuresmass.com, the rate of foreclosures has doubled in New Bedford over the past two years. Some towns are up somewhat less. But all are up.
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"Mass. filings up 54 percent since 2005"
RIS Media - November 16, 2006
Foreclosure filings against Massachusetts homeowners surged to nearly 13,000 through September, already surpassing 2005's count, and were prevalent in rural towns in Central and Western Massachusetts and in working-class cities with large minority...
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"Massachusetts home foreclosure filings surpass 2005"
90.9 WBUR Boston's NPR News Station - November 15, 2006
In Boston, new figures show Massachusetts home foreclosure filings have already surpassed the numbers for all of 2005. ForeclosuresMass.com president Jeremy Shapiro says many factors are to blame...
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"Mass. foreclosures rise 66% in Q3"
Lowell Sun - November 15, 2006
Home foreclosures climbed 66 percent in the state during the third quarter, when compared to the same period in 2005, according to ForeclosuresMass.com...
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"Foreclosure filings surging in state"
Boston Globe - November 15, 2006
Foreclosure filings against Massachusetts homeowners surged to nearly 13,000 through September, already surpassing 2005's count, and were prevalent in rural towns in Central and Western Massachusetts and in working-class cities with large minority...
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"The ticker"
Boston Herald - November 15, 2006
ForeclosuresMass.com says Bay State mortgage foreclosures shot up 69 percent in September to 1,024. The company says banks filed more foreclosures in 2006's first nine months than they did in all of 2005...
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"Foreclosures rise in Mass."
Boston Business Journal - November 14, 2006
Foreclosures in Massachusetts climbed 66 percent in the third quarter compared to the same period last year, according to ForeclosuresMass.com. The Framingham company said lenders initiated 4,891 foreclosure actions in the quarter. The 1,731 foreclosures
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"Foreclosures rise 66 percent in Mass."
Worcester Business Journal - November 14, 2006
In Q3 of '06, 4,891 foreclosures were recorded in the Bay State, a 66 percent jump over Q3 of 2005. Foreclosures in Q3 of '06 are also 140 percent higher than 2004 levels. ForeclosuresMass.com, a provider of online foreclosure data for Massachusetts...
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"Boston Reaches Out to Residents Facing Foreclosure"
Default Servicing - October 27, 2006
Foreclosures in the Northeast are at an all time high, and six local banks have set aside $100 million to help homeowners refinance bad loans. A group of bankers, deemed the "City of Boston First Choice Lenders," signed a code of conduct aiming to ban...
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"Foreclosure help on way: Local banks set aside $100M for refinancing"
Boston Herald - October 19, 2006
With Boston home foreclosures up 10-fold since 2004, city and banking leaders are unveiling a $100 million effort to help tapped-out residents keep their properties. Citizens, Eastern, Mount Washington and Sovereign banks are joining Bank of America...
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"Foreclosure surge"
Worcester Telegram & Gazette - September 27, 2006
ForeclosuresMass.com said yesterday that foreclosure activity increased 72 percent in August, with 1,812 foreclosures initiated in Massachusetts. The August total is the highest one-month number since the company began tracking foreclosure filings...
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"Massachusetts foreclosures jump 72% in August"
Inman News - September 26, 2006
ForeclosuresMass.com, a provider of Massachusetts foreclosure data for investors, real estate professionals and mortgage brokers, reported today that 1,812 foreclosures were initiated statewide in August, which is 72 percent higher than August 2005...
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"Massachusetts Foreclosures Soar in August"
Default Servicing - September 26, 2006
ForeclosuresMass.com is reporting today that foreclosures in Massachusetts are escalating at levels the company says it hasn't seen since the housing crash of the early 1990s. The latest Massachusetts Market Analysis Report shows that 1,812...
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"Housing market slump deepens"
Lowell Sun - September 26, 2006
Furthermore, ForeclosuresMass.com is coming out with news tomorrow that 1,812 foreclosures were initiated in Massachusetts last month, up 72 percent from August 2005 and the highest one-month total since the Web site began tracking foreclosure...
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"Mass. foreclosure filings jump 72% in August"
Boston Globe - September 26, 2006
Foreclosure filings in Massachusetts rose 72 percent last month as a growing number of homeowners were put in financial distress by the housing market's sharp downturn. ForeclosuresMass.com...said there were 1,812 filings last month...
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"Home buyers taste blood: Prices take worst drop since '93"
Boston Herald - September 26, 2006
ForeclosuresMass.com said banks last month started foreclosure proceedings against 1,812 Massachusetts homes, a 72 percent jump from August 2005...Market watchers say the latest numbers all point to a housing sector in big trouble...
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"Foreclosures... The money pit?"
Marketplace Money - September 8, 2006
Foreclosures are up 40 percent nationwide this year. Buying discounted real estate is another way to get into the housing market. Be careful, though. Cheap property can carry hidden costs. Marketplace's Steve Tripoli reports.
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"Foreclosures nearly double in Fitchburg"
Sentinel and Enterprise - September 1, 2006
Nearly twice as many Fitchburg homeowners have lost their homes to foreclosure during the last 12 months compared to the previous year, according to a market report. Fitchburg saw 188 foreclosures during the 12 months between...
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"Mass. foreclosures up 56% in July"
Lowell Sun - September 1, 2006
Monthly foreclosures dipped for the second month in a row during July, but were up 55.7 percent from the comparable year-ago period, according to ForeclosuresMass.com. The organization...
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"Foreclosures skyrocket in North Attleboro"
The Sun Chronicle - August 30, 2006
Real estate foreclosures in Massachusetts shot up 56 percent in July, compared with the same period last year, including Bristol County, where foreclosures rocketed 72 percent...
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"Mass. foreclosure filings rise 56% in July from '05"
Boston Globe - August 30, 2006
Foreclosure filings in Massachusetts spiked in July, more evidence that the housing market in the state is still on a downward spiral. There were 1,348 foreclosures statewide last month, an average of nearly 70 every day...
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"Foreclosure surge"
Worcester Telegram & Gazette - August 30, 2006
Foreclosure actions initiated against Massachusetts homeowners rose 56 percent in July, to 1,348, compared with the same month a year ago, according to ForeclosuresMass.com...
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"Massachusetts sees 56% jump in foreclosures"
Inman News - August 29, 2006
July foreclosures were up 56 percent in Massachusetts compared to the same month last year, with 1,348 actions filed, according to a Web site that tracks foreclosures in the state...
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"Massachusetts Foreclosures Rising Steadily"
Default Servicing - August 29, 2006
Foreclosures are still on the rise in Massachusetts, according to data released today by ForeclosuresMass.com. The Massachusetts Market Analysis Report shows that 1,348 foreclosures were initiated statewide in July, 56 percent more than July 2005 and 12
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"Mass. foreclosures spike in July"
Boston Globe - August 29, 2006
Foreclosure filings in Massachusetts rose sharply in July, more evidence that the housing market in the state is still on a downward spiral. There were 1,348 foreclosures statewide in July, according to data collected by ForeclosuresMass.com...
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"July foreclosures up 56 percent from last year"
Boston Business Journal - August 29, 2006
The number of foreclosures in Massachusetts declined for the second consecutive month in July but still showed a 56 percent year-over-year increase, according to ForeclosuresMass.com...
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"Mass. home foreclosures rise quickly"
Boston Herald - August 29, 2006
New figures show the number of Bay State homeowners falling into foreclosure has shot up 56 percent - and more than doubled in parts of Eastern Massachusetts.
ForeclosuresMass.com plans to report today that banks initiated foreclosure...
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"Scrutiny urged on loan officers"
Boston Globe - August 28, 2006
A state senator said yesterday he would push the Legislature to impose tougher rules on mortgage brokers after a Globe investigation found several instances of loans that appeared to violate lending laws. State Senator Brian A. Joyce said the state...
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"Housing dreams turning into nightmares"
Boston Globe - August 27, 2006
Jose Felipe dreamed of buying a retirement house in Florida, where palm trees and balmy breezes would remind him of his native Dominican Republic. So the commercial painter went to a storefront mortgage consultant in Lawrence two years ago and asked...
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"People losing their homes"
The Enterprise - August 26, 2006
As she distributed fliers from church to church this past week, Carol DeLorey heard several stories from pastors about parishoners on the verge of losing homes because of escalating mortgage rates...
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"Adjustable rates a curse"
Taunton Gazette - August 25, 2006
In Taunton alone, foreclosures have doubled in the past year. It's enough to make you want to leave the state.
And a lot of Massachusetts residents are doing just that, heading to North Carolina, Arizona and Florida.
Massachusetts leads...
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"Massachusetts targets Lawrence-based mortgage brokers"
Inman News - August 21, 2006
Massachusetts regulators allege that two mortgage brokers inflated the incomes of borrowers so they would qualify for home loans...
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"Brockton area foreclosures on the rise"
WBZ News Radio 1030 - August 17, 2006
A group of banks in Brockton are getting together for a common cause, to try and slow down the sharp rise in foreclosure filings in that city...
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"Brockton-area lenders aim to slow foreclosures"
Boston Globe - August 17, 2006
Brockton-area banks are banding together to slow a rapid increase in foreclosure filings in their community by refinancing homeowners in danger of foreclosure on their high-cost mortgage loans...
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"Borrowers steered to no-verification loans"
The Eagle Tribune - August 17, 2006
Two licensed mortgage brokers in Lawrence that were shut down by the state had been directing borrowers to loan programs that did not require verification of the applicants' incomes, the president of one of the companies said yesterday...
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"State shuts two firms in Lawrence for inflating applicant incomes"
Boston Globe - August 16, 2006
State officials say Lawrence has had one of the largest surges in foreclosure filings in Massachusetts. Filings rose almost 180 percent between mid-2004 and mid-2006, according to ForeclosuresMass Corp., which tracks foreclosures...
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"State closes 2 mortgage firms in Lawrence"
Boston Globe - August 16, 2006
The state has shut two licensed mortgage brokers in Lawrence and fined one of them $200,000 after regulators documented several cases of brokers inflating the incomes of borrowers on mortgage applications, sometimes doubling or tripling the sums, to help
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"State home, condo sales slip in key quarter"
Boston Globe - August 16, 2006
Home sales across the state fell nearly 11 percent in the second quarter as the real estate market slowed, with Cape Cod, central Massachusetts, and the Northeast and Southeast corners of the state experiencing the sharpest declines...
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"Foreclosures on the rise"
Cape Cod Times - August 8, 2006
Woe be to homeowners who took out interest-only or adjustable-rate mortgages during the heyday of record-low interest rates. So-called exotic loans are being blamed for a sudden rise in foreclosures in Massachusetts - and a particularly sharp spike...
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"Creative financing fuels foreclosures"
Beverly Citizen - August 3, 2006
Second-quarter home foreclosures are up across the state and in Beverly, according to figures tracked by ForeclosuresMass.com. The combination of a cooling housing market, increased interest rates and creative financing like...
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"Home Foreclosure Filings Increase; Barnstable County Leads State"
The Enterprise - July 28, 2006
Home foreclosures on Cape Cod, and in two Upper Cape towns in particular, have increased at a dramatic rate according to a new report from ForeclosuresMass.com.
The web site, which tracks home foreclosures for...
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"Area foreclosures skyrocket"
The Sun Chronicle - July 27, 2006
Residential foreclosures in the Attleboro-Taunton area rocketed 53 percent during the first half of the year as the economy and escalating interest rates put a pinch on consumers...
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"Mass. home, condo sales tumble"
Boston Globe - July 26, 2006
...Adding to the pressure was a 66 percent spike in foreclosure filings against homeowners during the second quarter, as reported this week by ForeclosuresMass Corp., which tracks state court filings by mortgage lenders...
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"Mass. foreclosures have significantly increased"
New England Cable News - July 26, 2006
Good Morning Live: Foreclosures in Mass. have increased greatly over the past year especially in Greater Boston. Joining NECN's Kristy Lee is co-founder of ForeclosuresMass.com, Sheila Farragher-Gemma.
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"Massachusetts Foreclosures Up 66%"
Default Servicing - July 25, 2006
During the second quarter, 4,292 foreclosures were initiated in Massachusetts, which is a 66 percent increase from 2005, according to a report released today by ForeclosuresMass.com. That increase is 114 percent above the same period in 2004...
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"Foreclosure Filings Skyrocketing In Massachusetts"
CBS 4 Boston - July 25, 2006
Mortgage foreclosures are going through the roof in Massachusetts. The latest statistics show lenders filed notices against more than 4,000 homeowners in the last quarter. That's a 66 percent increase in the last year.
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"Foreclosure filings in Mass. jump 66%"
Boston Globe - July 25, 2006
Foreclosure filings in Massachusetts increased 66 percent in the second quarter, according to data released yesterday, a trend that is expected to continue over the next year...
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"Foreclosures soar statewide"
The Republican - July 2, 2006
Foreclosures in Massachusetts are going up at an alarming pace, though the rate of increase in the Pioneer Valley is slower than the rest of the state. Statewide, foreclosures in the 12-month period ending May 31 were up 40 percent...
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"Foreclosures on the Rise"
CBS Evening News - June 29, 2006
The continuing rise in interest rates is turning the American dream of home ownership into an American nightmare. Trish Regan looks at the growing number of home foreclosures...
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"'Perfect storm' for property owners"
Lowell Sun - June 27, 2006
Foreclosure filings in Massachusetts continue to hit new heights, according to data released yesterday by ForeclosuresMass.com...
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"Foreclosures are Dramatically Increasing"
WBZ News Radio 1030 - June 27, 2006
As sales slow, home foreclosures are dramatically increasing. I spoke with the president of ForeclosuresMass.com, Jeremy Shapiro. The latest figures for the month of May are startling. In fact, what we're looking at are double the number...
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"Massachusetts Foreclosures Double"
90.9 WBUR Boston's NPR News Station - June 27, 2006
The number of foreclosures in the bay state has more than doubled in the in the last year. Jeremy Shapiro of ForeclosuresMass.com says a cooling housing market coupled with rising interest rates means many homeowners are in over their heads...
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"Foreclosures in Massachusetts skyrocket"
The Eagle Tribune - June 27, 2006
More than 80 home foreclosures were filed every business day in May, according to ForeclosuresMass.com. During the month, there were 1,613 new foreclosure filings, a 105 percent increase...
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"Home foreclosures in Mass. double"
Boston Business Journal - June 27, 2006
Home foreclosures in Massachusetts have doubled over the same time last year, according to ForeclosuresMass.com, a Framingham data tracking firm. There were 1,613 filings for foreclosure in the state last month, compared to 788 in May 2005..
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"Bay State foreclosure rate increases at dizzying pace"
Boston Herald - June 27, 2006
The number of Bay State homeowners faced with losing the keys to their castles has hit its highest level in decades in another troubling sign for the local home and condo market. Foreclosure filings in Massachusetts skyrocketed 105 percent...
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"Mass. home prices drop 4% as sales fall"
Boston Globe - June 27, 2006
The anemic housing market sparked a doubling last month in foreclosure notices filed by mortgage lenders, to 1,613 filings in the state's Land Court, an indication that more homeowners with adjustable-rate mortgages are having difficulty paying rising...
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"Mass. Default Epidemic"
Default Servicing - June 27, 2006
Several sources are pointing to a large increase in foreclosures in Massachusetts. According to ForeclosuresMass.com, May foreclosure filings were more than a 100% higher than the same time last year...
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"Home foreclosures double in May"
Boston Globe - June 26, 2006
ForeclosuresMass.com said today that May foreclosure filings against Massachusetts homeowners have more than doubled, a trend that is accelerating as the housing market slows and mortgage rates increase...
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"Mass. Defaults Reaching 'Epidemic Level'"
Default Servicing - June 26, 2006
"We expected foreclosure rates to increase again this year, but the levels we are tracking outdistance our earlier predictions," said Jeremy Shapiro, president and co-founder of ForeclosuresMass.com. "It is clear that many homeowners, especially those...
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"Coming home to roost"
Worcester Telegram & Gazette - June 11, 2006
Petitions to foreclosure on property in Massachusetts are up 65 percent through May compared with the same five months in 2004, caused in part by borrowers taking on home loans that balloon beyond their means...
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"Area home foreclosures surge"
Lowell Sun - May 31, 2006
ForeclosuresMass reported that there were 1,227 foreclosure filings in the state in April, 44 percent higher than last year and almost 90 percent more than in 2004. Jeremy Shapiro, president of ForeclosuresMass, said things are getting worse...
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"Homeonwers feeling foreclosure pinch"
The Sun Chronicle - May 26, 2006
Attleboro and Bristol County ranked near the top of real estate foreclosure statistics in April, reflecting a statewide trend as homeowners contin ue to be pinched by high housing costs. ForeclosuresMass, a company that tracks local and regional foreclo
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"Cape leads foreclosure surge in state"
Cape Cod Times - May 26, 2006
Home foreclosure filings in Massachusetts rose 34 percent over the past year,
with Barnstable County recording the highest increase in the state, according to a report by ForeclosuresMass...
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"Mass. foreclosure filings for April surge 44 percent"
Providence Business News - May 26, 2006
April 2006 foreclosures in Massachusetts were 44.35 percent higher than April 2005 and nearly 90 percent higher than April 2004 levels, ForeclosuresMass, a provider of Massachusetts foreclosure data, reported Wednesday...
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"Mass. foreclosure filing rate on the rise"
Sentinel and Enterprise - May 25, 2006
The rate of foreclosure filings in Worcester County in the past year far surpasses the previous 12 months' pace, according to a report released Wednesday by an online research firm. Nearly 1,900 foreclosures were filed countywide...
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"Mass. foreclosures jump 44 percent"
Worcester Business Journal - May 24, 2006
ForeclosuresMass reports April '06 foreclosures increased 44 percent in Massachusetts compared to April '05, and almost 90 percent higher than April of '04.
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"Protesters drive home message to 'predatory' mortgage company"
Boston Herald - May 24, 2006
Last month, 1,227 homes fell into foreclosure statewide - marking the second highest number of foreclosure filings in the state since ForeclosuresMass began collecting data in 2003..
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"Foreclosures are up 44%"
WBZ News Radio 1030 - May 23, 2006
As interest rates rise and adjustable rate mortgages get more expensive, foreclosures are rising dramatically across the state...
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"OUR VIEW: Borrowing trouble"
The Patriot Ledger - May 23, 2006
The number of foreclosed homes is rising across Massachusetts and predatory lending practices are partially to blame. According to ForeclosuresMass, a Framingham company that tracks foreclosure proceedings, the number of foreclosure proceedings...
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"Mortgage misery on rise"
The Enterprise - May 14, 2006
Statewide, the number of foreclosures has doubled in the last three years from 1,858 in the first quarter of 2003 to a record 3,762 over the last three months. Locally, Kingston saw foreclosure filings jump by the largest percentage...
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"Foreclosures are on the rise in Greater Taunton"
Taunton Gazette - May 14, 2006
Too many homeowners, especially lower-income first-timers, simply lack the necessary knowledge, and wait until it's too late for the help they need to turn things around...
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"BORROWING TROUBLE: Foreclosures rising in the Bay State, but industry leaders aren't worried about real estate crash"
The Patriot Ledger - May 13, 2006
According to ForeclosuresMass, a Framingham company that tracks foreclosure proceedings, the number initiated in the Bay State for the first three months of the year increased to nearly 3,800, up 30 percent from the number of proceedings that began...
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"Foreclosures Up 30% in Massachusetts"
WGBH, Greater Boston - May 11, 2006
Everyone knows the Boston real estate market has hit a rough patch with slow sales, but there’s another problem looming large. Home owners are often being talked into mortgages they can’t afford. The result? A 30% rise in foreclosure filings...
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"NECN Evening News"
New England Cable News - May 10, 2006
More and more home owners are struggling to pay their mortgages. Numbers out today show that the number of foreclosures in Massachusetts have jumped 30% in the first 3 months of this year and the rate has doubled since 2003...
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"WBZ News Radio 1030 Morning News"
WBZ News Radio 1030 - May 10, 2006
Discouraging news on foreclosures in Massachusetts. Both papers report foreclosure filings against Massachusetts homeowners increased 30% in the first 3 months of this year and have doubled in the past 3 years...
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"More are struggling to pay the mortgage"
Boston Globe - May 10, 2006
Foreclosure filings against Massachusetts homeowners increased 30 percent in the first three months of 2006 and have doubled in the past three years, as homeowners in one of the nation's most expensive real estate markets struggle to cope with...
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"City to offer plan to help stem spate of foreclosures"
Boston Herald - May 10, 2006
Alarmed by a sharp spike in Boston mortgage foreclosures, Mayor Thomas M. Menino will unveil a four-point plan today to help financially strapped homeowners keep their properties...
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"Foreclosures climb in Massachusetts"
Inman News - April 7, 2006
Property foreclosures in Massachusetts were 63 percent higher in a March report than they were two years ago, according to data released this week, as more of the nation's housing markets cool from record highs...
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"Nantucket votes to ban big chains from downtown"
Reuters - April 6, 2006
As property values have soared, some local residents have been squeezed out. A March 2006 report by ForeclosuresMass shows that from March 2005 to February 2006, foreclosures were up 50 percent from the previous year...
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"Foreclosures up: Rise occurs in 'affordable' Hub neightborhoods"
Boston Herald - April 6, 2006
New figures show house prices in Boston's traditionally affordable neighborhoods rising at a double-digit clip even as foreclosure woes in those areas soar. The Boston Department of Neighborhood...
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"Foreclosures hit three-year high in Feb."
Lowell Sun - April 5, 2006
Foreclosure filings in February reached their highest level in three years, according to data released yesterday by ForeclosuresMass...
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"Mass. foreclosures hit three-year high mark, report finds"
Providence Business News - April 5, 2006
Massachusetts foreclosures in February reached a three-year high, according to a report released this week by ForeclosuresMass, a provider of Bay State foreclosure data.
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"Bay State home foreclosures hit three-year high"
Boston Business Journal - April 4, 2006
The number of foreclosures in Massachusetts hit a three-year high in February, according to ForeclosuresMass.
Foreclosures were filed on 1,200 properties, 25 percent higher than the year before and 63 percent higher than February 2004.
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"Homeowners stretched perilously"
Christian Science Monitor - March 20, 2006
If the nation's real estate boom collapses, its first victims may well be low-income minorities and immigrants in a big US city like Boston.
That is the picture emerging here as foreclosures rise and the housing prices falter. More than one-quarter...
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"Online Foreclosure Service Debuts in State"
Connecticut Business Journal - March 20, 2006
ForeclosuresMass, which provides Massachusetts foreclosure data to investors, real-estate professionals and mortgage brokers, has launched ForeclosuresConn, a new division offering the same service for the state of Connecticut.
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"ForeclosuresConn Launched to Create Winning Scenarios for Connecticut Property Owners"
RIS Media - March 14, 2006
ForeclosuresMass, the leading provider of Massachusetts foreclosure data for investors, real estate professionals and mortgage brokers, today announced it has launched ForeclosuresConn, offering the same high-quality service for Connecticut...
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"Bay State foreclosures on the rise in '06"
Boston Business Journal - March 14, 2006
Foreclosures in Massachusetts in the first two months of 2006 were running significantly above the same period a year before, according to two firms that track loan defaults on properties. Framingham-based ForeclosuresMass Corp., said...
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"Mass. foreclosures continuing to rise, a new report says"
Providence Business News - March 14, 2006
Massachusetts' foreclosure filings are continuing to rise, according to a report released Monday. Foreclosures were filed on 1,075 Bay State properties this January, while 776 were filed in January 2004 and 919 were filed in January 2005...
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"Foreclosure surge"
Worcester Telegram & Gazette - March 14, 2006
Property foreclosures are up 32 percent statewide through the 12 months ended Jan. 31, according to ForeclosuresMass Corp., a provider of foreclosure data...
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"ForeclosuresMass Report: 2006 Mass. Foreclosure Filings Continuing at Increased Levels"
RIS Media - March 13, 2006
ForeclosuresMass, the leading provider of Massachusetts foreclosure data for investors, real estate professionals and mortgage brokers, released its February 2006 ForeclosuresMass Market Analysis Report today, with data that shows Massachusetts...
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"'No different from paying rent' Slowing housing prices puts those with 'zero-down,' 'interest-only' loans at increased risk"
Lowell Sun - February 12, 2006
Not long ago, many first-time home buyers had to scrape together a 3-, 5- or 10-percent down payment required to finance a house.
Today, an increasing number have chosen a "zero-down" loan...
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"Study to examine rising foreclosure rates in Lawrence"
The Eagle Tribune - February 8, 2006
The number of home foreclosures in Lawrence more than doubled during 2005, and some community leaders want to find out why. The Community and Enterprise Development Center at Northern Essex Community College is now working to determine the reasons...
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"Housing Slowdown Squeezes Borrowers"
RIS Media - February 1, 2006
Homeowners who stretched their finances to the limit to buy a home found it more difficult to make their payments on variable-rate mortgages as interest rates rose, but they were less able to refinance their loans at more attractive rates...
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"Foreclosures on upswing"
Metrowest Daily News - January 31, 2006
Massachusetts homeowners had more trouble paying their monthly mortgages bills in 2005 than in previous years as their over-extended budgets became increasingly strapped in one of the nation's most expensive places to live, according to statistics...
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"Housing slowdown squeezes borrowers - Foreclosure cases hit 12-year high"
Boston Globe - January 30, 2006
The number of foreclosure notices filed against Massachusetts homeowners last year reached their highest level since the housing bust of the early 1990s, as homeowners fell behind on their mortgages and lenders began the process...
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"Home Foreclosures Rising"
WCVB Channel 5 - January 16, 2006
But Massachusetts is in middle of the pack in foreclosure filings compared to the rest of the nation.
Karl E. Case, a Wellesley College economics professor, says that's because there's so much at stake...
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"Home foreclosures on the rise"
Metrowest Daily News - January 16, 2006
Lenders in recent years have become more willing to give loans without down payments, and to borrowers with damaged credit. Those "subprime" loans come at a price -- higher interest rates...
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"Mortgage Foreclosures Up In Massachusetts"
CBS 4 Boston - January 16, 2006
Some homeowners who took a gamble on high-risk mortgages are paying the price now. Mortgage foreclosure filings are up 34-percent in Massachusetts compared to a year ago...
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"Home foreclosures on the rise"
Boston Globe - January 15, 2006
Experts say the trend is a fallout from the housing boom of the past decade, in which people took out high-risk mortgages, such as interest-only and no-down-payment loans, in order to get into expensive homes...
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"Home Foreclosures On The Rise In Bay State"
WLBZ Bangor - January 15, 2006
Mortgage foreclosure filings last year in Massachusetts were up 34 percent through November, compared to the prior year.
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"Risky loans blamed for increase in foreclosures"
Portsmouth Herald - January 15, 2006
The total number of foreclosure filings through November was nearly 10,500, Shapiro said. Essex County had a 49 percent increase over the same period in 2004. Suffolk, Plymouth, Bristol, and Barnstable counties all had increases of more than 42 percent..
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"Home foreclosure filings on the rise in Maine, Mass."
Barre Montpelier Times Argus - January 15, 2006
They're not alone. Foreclosure filings last year in Massachusetts were up 34 percent through November, compared to the prior year...
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"Home foreclosures on the rise"
The Standard Times - January 15, 2006
Mary Nunziato peeked out the window to see who arrived to take her house away from her family. The auctioneer placed folders full of papers on the hood of his car and waited for bidders...
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"Foreclosure filings go through the roof"
Boston Herald - January 13, 2006
Foreclosure filings in Massachusetts last year were up 34 percent through November, compared to the prior year, data show, and the net effect of the spike is that many first-time homeowners are hearing...
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"Home loan foreclosures increase"
Cape Cod Times - December 10, 2005
Home mortgage foreclosure filings in Barnstable County were up by about 38 percent through October of this year, according to a recently released report by Framingham-based data service ForeclosuresMass...
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"ForeclosuresMass Report: State Foreclosure Filings 35% Higher than 2004"
RIS Media - December 8, 2005
ForeclosuresMass released its November 2005 ForeclosuresMass Market Analysis Report, with data that shows Massachusetts foreclosure filings are now 35% above 2004 levels...
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"Mass. Foreclosures Up 35 Percent: Filings In One Town Tripled Since Last Year"
WCVB Channel 5 - December 8, 2005
...In the suburbs, Reading had 28 filings compared with just eight in the first 10 months of 2004, the report said. Burlington's filings tripled, from nine to 27. Seekonk had a 163 percent increase, while Wareham was up 103 percent...
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"MA Foreclosure Rates Up 35%"
TPM Cafe - December 8, 2005
Massachusetts homeowners are facing the music as payments come due on risky loans that propped up the formerly red-hot housing market. A report released today by ForeclosuresMass...
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"BUSINESS IN BRIEF"
Boston Globe - December 8, 2005
...The number of foreclosures filed through Oct. 31 was 9,459, compared with 7,003 in the same 10-month period last year, the report said. Essex County had the largest increase, at 50 percent...
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"Foreclosures up 35 percent this year"
Milford Daily News - December 8, 2005
Home mortgage foreclosure filings are on the rise in gritty cities and leafy suburbs, according to a new report showing a 35 percent increase statewide through October. Filings in suburban Reading more than tripled...
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"Foreclosures up 35 percent this year"
Boston Globe - December 7, 2005
Home mortgage foreclosure filings are on the rise in gritty cities and leafy suburbs, according to a new report showing a 35 percent increase statewide through October...
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"Foreclosures up 35 percent this year"
Fox Eyewitness News WPRI 12 - December 7, 2005
A new report shows a 35 percent increase through October, compared to the same ten-month period last year. Court filings tracked by Framingham-based ForeclosuresMass says filings in Reading more than tripled. There's been a 113 percent increase in...
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"FORECLOSED - Borrowing boom, slowdown in market creating situation in which many are'one missed payment away from a shelter'"
Lowell Sun - December 6, 2005
When Middlesex North Register of Deeds Richard Howe Jr. flipped through the paper last week, he turned a page containing 10 legal notices for foreclosure sales in Greater Lowell -- an alarming jump from the typical two or three he usually sees...
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"Uncollected tax rate declines: Foreclosures, tax collection both up"
Milford Daily News - November 28, 2005
Despite a spike in statewide home foreclosures over the past year, Milford-area property owners are apparently finding ways to pay up when it comes to property tax bills...
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"Welcome to the land of opportunity: Buying foreclosed property can be profitable but risky"
Daily News Tribune - November 26, 2005
A slow-motion raid overtook a quiet Marlborough neighborhood earlier this month as drivers jammed the narrow road leading to their target on Spring Lane. The swarm of vehicles, however, included not one government car, but had plenty of Lexuses...
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"Down the equity drain"
Newburyport Current - November 18, 2005
No other community in Essex County has seen a more drastic surge in foreclosures this year than Newburyport. Nineteen homeowners so far have been taken to court for falling behind on their mortgage payments compared to six...
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"Editorial: A rise in foreclosures"
Stoughton Journal - November 11, 2005
Don't look now, but that whistling sound you're hearing is the air leaking out of the housing bubble.
This should come as no surprise. For a decade, home prices have been rising at an unsustainable pace...
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"Do Foreclosures Spell Doom?"
WRKO AM 680 - November 11, 2005
Massachusetts foreclosures are on the rise. Does this spell doom for the Massachusetts Real Estate Market? Join "Scotto" and find out...
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"Foreclosure rate soars in Massachusetts"
Metrowest Daily News - November 6, 2005
Massachusetts residents received more foreclosures from banks through the end of this summer than in the same period a year ago, and the number is only going to increase, according to a company that tracks "notices of default" statewide...
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"2005 Massachusetts Filings 33% Higher than Prior Year"
RIS Media - November 2, 2005
ForeclosuresMass, the leading provider of Massachusetts foreclosure data for investors, real estate professionals and mortgage brokers, released its October 2005 ForeclosuresMass Market Analysis Report today...
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"Flexible loans may end up hurting homeowners"
Inman News - October 19, 2005
As mentioned in a previous column, it's difficult to have a housing slow down when there is very little inventory. That's why housing bubbles are viewed as regional occurrences and not as national trends...
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"Signs of a slowdown - but no bust - in the local real estate market"
The Eagle Tribune - October 17, 2005
One of the few sure things North of Boston in recent years has been galloping housing prices.
Annual increases of 20 percent or 30 percent in the value of homes were not uncommon, and many homeowners fortunate enough to buy even a few years ago...
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"Sticker shock"
The Salem News - October 13, 2005
Businesses and consumers are feeling overwhelmed by the increasing costs of living and health insurance, lawmakers and business leaders said yesterday.
"I asked an elderly resident how he was handling everything, and he started to cry,"
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"The Boston Channel News"
WCVB Channel 5 - October 7, 2005
ForeclosuresMass Co-Founder, Sheila Farragher-Gemma is a guest on The Boston Channel Evening News...
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"909. WBUR Boston's NPR News Station Morning News"
90.9 WBUR Boston's NPR News Station - October 7, 2005
The number of home foreclosures in Massachusetts is up sharply. Statewide there were 33% more foreclosures in the first 8 months of this year compared with last year according to ForeclosuresMass.com which tracks the figures...
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"WBZ News Radio 1030 Morning News"
WBZ News Radio 1030 - October 7, 2005
Foreclosures are up in Massachusetts. As interest rates are starting to creep upwards people are finding themselves with mortgage payments they can no longer afford. A bad sign for the Massachusetts housing market...
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"Mortgage foreclosure rate continues to rise in region"
The Standard Times - October 7, 2005
Mortgage foreclosures continue to climb in Bristol and Plymouth counties, outpacing a burgeoning state rate.
In the past 60 days, mortgages on 29 properties in New Bedford have been foreclosed, topping all but a handful of other Massachusetts towns...
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"Hub foreclosures go 'through roof'"
Boston Herald - October 7, 2005
Bay State homeowners are beginning to feel a hangover from the long-running real estate party, with foreclosures doubling in Boston and parts of the North Shore. ``It's through the roof at this point,'' said Jeremy Shapiro...
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"Foreclosures rise"
Worcester Telegram & Gazette - October 6, 2005
Foreclosures in Worcester County were up 31.5 percent through August, according to data that will be released today by ForeclosuresMass.com of Framingham, which tracks such information...
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"ForeclosuresMass Report Shows Massachusetts Foreclosure Filings 32% Higher than Prior Year"
RIS Media - October 6, 2005
ForeclosuresMass, the leading provider of Massachusetts foreclosure data for investors, real estate professionals and mortgage brokers, released its September 2005 ForeclosuresMass Market Analysis Report, with data that shows Massachusetts foreclosure...
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PDF Version also available
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"100 percent financing can bite overeager buyers"
Herald - September 25, 2005
It's difficult to have a housing slowdown when there is very little inventory. That's why housing bubbles are viewed as regional occurrences, and not national trends...
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"Housing boom has new dark side"
The Enterprise - September 15, 2005
As the housing market heated up in Massachusetts, buyers have looked at different ways to afford a home, such as living farther from urban centers, settling for less costly condominiums and turning to risky borrowing practices to get a mortgage...
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"Foreclosures rise, foreshadowing trouble"
The Standard Times - September 11, 2005
Mortgage foreclosures are soaring in Massachusetts, with the southeastern corner of the state experiencing the most dramatic increases.
According to Foreclosuresmass...
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"ForeclosuresMass August Report Shows Continued Rise in Foreclosure Filings"
RIS Media - September 8, 2005
ForeclosuresMass, the leading provider of Massachusetts foreclosure data for investors, real estate professionals and mortgage brokers, recently released its August 2005 ForeclosuresMass Market Analysis Report, revealing that Massachusetts foreclosure...
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"Foreclosures surge"
Worcester Telegram & Gazette - September 8, 2005
High home prices and questionable lending have pushed Massachusetts foreclosure rates to record levels, according to new data released yesterday. Through July, foreclosure filings are up 29 percent statewide over last year, according to ForeclosuresMass.
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"Crisis and Opportunity: Foreclosure market spurs entrepreneurial class"
Worcester Business Journal - September 6, 2005
Framingham native Jeremy Shapiro isn't worried about whether the housing market bubble is about to burst or the fact that 'for sale' signs are cropping up in record numbers in many neighborhoods. The former real estate agent...
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"Out on the street: Bank seizures rattle Hub neighborhoods"
Boston Herald - August 8, 2005
A devastating wave of foreclosures has hit some of Boston's poorer neighborhoods, threatening to drive out the residents crucial to long-term urban stability.
``I have nowhere to go. I am scared to death...
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"Boston Business Journal - Foreclosures continue to skyrocket in Mass. (May 7, 2008)"
Boston Business Journal - August 8, 2005
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 ForeclosuresMass.com.
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"Dark side of subprime loans"
Boston Globe - August 3, 2005
Loans to homeowners with less-than-sterling credit are the fastest-growing segment of the mortgage market as lenders reach out to those unable to qualify for conventional mortgages....
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"Interest-only Mortgages Gain in Popularity"
WGBH, Greater Boston - July 21, 2005
In 2002, only 5% of Massachusetts's homeowner loans were interest-only. In 2004, 28% were interest-only and the numbers are going up...
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"Houses on the Block"
Valley Advocate - July 14, 2005
Home foreclosure filings in Massachusetts for the first four months of 2005 were up nearly 28 percent over this time last year, according to ForeclosuresMass, a firm that tracks mortgage defaults...
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"Economic woes hit home, as foreclosure rate soars"
Boston Globe - June 19, 2005
Mary Adamson knows the agony of losing a home. ''I felt like I was a total failure," she said. ''I tried so hard to take care of my family and wasn't able to. I felt useless, like I was worth nothing."
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"Housing foreclosures expected to rise"
Boston Globe - June 19, 2005
With the rise of easy credit and the continuing tough economy, foreclosure filings in south-of-Boston communities are expected to increase by roughly a quarter this year, according to the most recent data from ForeclosuresMass...
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"In hot housing market, the chill of foreclosure"
Boston Globe - June 19, 2005
The foreclosure auction was in full swing, with bids progressing a steady $500 at a time. A handful of would-be buyers milled around the driveway, talking on cellphones, hoping for a good deal.
The price had climbed to about $364,000 when the owner of
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"In hot market, some feel chill of foreclosure"
Boston Globe - June 19, 2005
Bidding for the 155-year-old home at 750 Jubilee Drive in Peabody started at $120,000, then heated up like the noon sun. A half-dozen bidders standing in the driveway nudged up the price, first by increments of $5,000 and then $1,000, before stopping...
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"Foreclosure filings jump in Mass. as home values soar"
Boston Globe - June 18, 2005
...But in Massachusetts, the number of foreclosure filings rose 27.8 percent, to 3,740, in the first four months of the year, compared to 2,926 in the same period last year. The largest jump, 49.8 percent, to 367 foreclosures, took place in Suffolk...
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"State foreclosure filings jump 28 percent in early part of year"
Worcester Telegram & Gazette - June 18, 2005
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"Default Finder: Mining a Market Need"
Boston Business Journal - November 15, 2004
Culling hard-to-find info on foreclosed properties has been a boon for this online data services company. Sheila Farragher-Gemma and Jeremy Shapiro know full well ...
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"At The Forefront of Foreclosures"
Metrowest Daily News - August 23, 2004
Foreclosure. For homeowners, the word conjures up images as unsettling as an invasion of termites, a visit from a hurricane or a knock on the door from a pitchman ...
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"ForeclosuresMass Site Empowered"
National Mortgage News - August 22, 2004
ForeclosuresMass has launched a newly revamped, high-powered
website. The new version offers instant connectivity to the
largest and most detailed listing of foreclosed properties in
Massachusetts...
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PDF Version also available
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