Foreclosures in Massachusetts increased by nearly 30 percent in October from the previous month, but fewer families lost their homes compared to the same month last year, according to The Warren Group.

“Foreclosures in October were actually the third highest so far this year,” said Timothy Warren, CEO of The Warren Group. “But the pace of foreclosures is still lower than it was last spring and summer when there was an average of nearly 1,200 foreclosures a month.”

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TheCondor

  ?   +1 0

The banks are doing ABSOLUTELY NOTHING to help these people! Thanks for nothing OBAMA!!! Our tax dollars are bailing out the banks that are suppose to be passing it on to the one's in need. If you lost your job and can't pay your mortgage, the HUD approved "counselors" tell you to sell your house!! I'm not making this up. NOBODY is getting bailed-out except the rich fat cats...NOBODY!

 

Posted 4 months ago  Reply  Link Abusive

Sorry, but the post that was in this spot has been removed as it did not follow our guidelines.

 

#984495 - Nov 19, 2009 8:11 AM EST

Dissociate

  ?   +1 0

Winter and the holidays are coming. Heating fuel is going to be very expensive and the same goes for Christmas shopping. By spring, with the added taxes that we'll for sure wind up having to pay by then people are going to be broker than ever and so they are going to abandon their homes in droves......And the sad thing is that in these days there are no longer any more hills to head for

 

Posted 4 months ago  Reply  Link Abusive

threejobs

  ?   +1 0

disgusted with this prez (and I use that term lightly) - what have these idiots done that voted for this clown, he's running the country into the ground.

 

Posted 4 months ago  Reply  Link Abusive

jonbowen

  ?   0 0

Other than forcing banks to cut principal balances of existing mortgages and/or cut mortgage rates of existing mortgages, there is nothing concrete that President Obama can do that will make any significant change to the foreclosure problem.

 

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