Massachusetts Foreclosures on the Rise

Foreclosure by Sale

The Boston Globe reports that foreclosures in Massachusetts are on the rise, increasing as much as 49% from July 2014 to July 2015.  Because Massachusetts is a non-judicial foreclosure state, where the lender does not need to go to court to foreclose, these filings generally represent the beginning of the foreclosure process for Massachusetts homeowners.  A major reason for the increase in these filings has been changes to Massachusetts foreclosure law, which has caused lenders to halt foreclosures to comply with these requirements.

While sooner is always better in avoiding foreclosure, Massachusetts homeowners at any stage in the process should consult an attorney to see if help is available.