Friday, March 26, 2010

Statistics Show Foreclosures Hitting Western Mass Hard

Jennifer Kinsman, the program manager for Western Massachusetts Foreclosure Prevention Center in Springfield, thinks that the Pioneer Valley communities are headed for another spike in foreclosures. This time loss of jobs or cut pay is the reason behind the foreclosures as opposed to the mortgage crises of a few years ago. Barry Crosby, president and CEO of Freedom Credit Union believes that we have hit the bottom of the local cycle and that numbers have gotten better in the last few months.

Read the full article at Masslive.com

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