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1,500 Mass. foreclosure actions initiated in May

Rising interest rates, more sluggish sales squeeze homeowners

By Robert Gavin
Globe Staff / June 20, 2007

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Foreclosure actions against Massachusetts homeowners continued at a high pace in May, and likely will remain so for several more months as rising interest rates and a sluggish real estate market leave delinquent borrowers with few options, according to real estate analysts. (Full article: 558 words)

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