MHP Foreclosure Monitor: Foreclosures Shift to Suburbs - November 10, 2010

BOSTON, Nov. 9, 2010 ---The gradual movement of distressed properties away from urban areas has reached a tipping point as there are now more distressed units in the suburbs and rural communities.

In an examination of Warren Group data as of Oct. 1, 2010, Foreclosure Monitor found that distressed units in Boston and 24 Gateway municipalities account for 49 percent of the distressed units in Massachusetts, down from 59 percent as of Oct. 1, 2008 and from 54 percent as of Oct. 1, 2009.

Please click here to read the full Foreclosure Monitor from MHP.