Tuesday, January 30, 2007

Foreclosures surge locally, UP 87% in Bristol County

By BRIAN FRAGA, Standard-Times staff writer

"Foreclosure proceedings in Bristol County jumped nearly 87 percent in 2006 due to a nationwide housing market slump that has left millions paying for more house than they can afford. "

"The Warren Group, a Boston real estate data tracking firm, also reported yesterday that, statewide foreclosure petitions, as the proceedings are known, increased 70 percent over 2005. In addition, there was a 46 percent increase in homes actually advertised for auction, the report said. " Full Article.

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