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Foreclosures Build Up Backlog in Massachusetts 

Jul 21, 2008By

Massachusetts attorney general Martha Coakley must be so proud — lenders in Massachusetts only filed 351 foreclosure petitions during June 2008, thanks to a statewide law that has added 60 days to default timelines by establishing a 90-day “right to cure” after a borrower defaults in single-family, owner-occupied residences. The law, which went into effect during April, has suppressed foreclosure actions for two straight months.

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