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Massachusetts Foreclosures Up in 2009

The results are in for 2009: lenders filed a record 27,828 foreclosures in 2009, which is up from 2008. The jump was 28.1% according to the Warren Group, owner of Banker and Tradesman business newspaper. However, the number of “completed” foreclosures, is down 25.4% to 9,269. More than 2000 foreclosures were filed most months of 2009. In our bankruptcy practice, we have noticed a similar decrease in clients facing foreclosure.