Posted on 12/13/2006 7:56:28 AM PST by GodGunsGuts
Foreclosure activity surges in Mass.
Numbers up nearly 300% from last year
By Kimberly Blanton, Globe Staff | December 13, 2006
Massachusetts experienced the second-biggest increase in foreclosure activity in the country last month, according to a report yesterday from a firm that tracks the housing market.
The Bay State came in second only to Alabama in the rise in total properties that entered some stage of foreclosure, including lenders' initial notices that homeowners were in default, foreclosed property sales and auctions, and lenders' sales of repossessed property, said RealtyTrac , an Irvine, Calif., company that researches and provides information about US properties for sale.
In November, 2,100 Massachusetts properties were in or facing foreclosure, up 299 percent from 526 in November 2005, the firm said. Alabama's increased 466 percent during the same period.
By the end of the year, Massachusetts could surpass its 1991 record for the number of initial foreclosure notices by lenders against homeowners, according to a separate report yesterday by ForeclosuresMass.com, which culls the data from filings in state Land Court. There were 15,133 filings statewide between January and October, compared with 17,000 in all of 1991.
"Some of the states that had the biggest booms over the past few years are now experiencing the highest number of new foreclosure filings," including Massachusetts, said Rick Sharga, RealtyTrac's vice president of marketing...
(Excerpt) Read more at boston.com ...
" You can count on me, Uncle Ike. People that have "old fashioned skills" and live below their means are still out there; "
I know we're out here, dear lady... But we're the tiniest minority...
Think of Katrina-New Orleans as a laboratory demonstration of what happens when things break down. Now picture that happening on a national scale -- say, after an economic meltdown, when food and other essentials are either no longer available, or too expensive for us po' folk...
Then shudder......
I'll just smile and wave...sittin' on my sack of garden seeds. ;)
I used to think my Dad was absolutely NUTS to have guns and cash on hand and fresh water, etc. Most of the time he couched it in terms of "emergency supplies" in case we had a tornado or a bad blizzard or ice storm, but now that I'm older, I know what he was up to.
And it appears that the nut didn't fall too far from the tree, LOL! I'm not obsessed about it, but it never hurts to plan for the worst and hope for the best. :)
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