The number of foreclosure filings in Massachusetts reached an all-time high in January, according to ForeclosuresMass.com

– an online provider of foreclosure data that just released its “February Massachusetts Market Analysis Report.” The report says the bay state recorded 2,207 foreclosure filings in January 2007, which is more than double the amount filed for the same period a year prior. Statistics for the past year also are alarming. ForeclosuresMass.com reported there were 20,618 foreclosure filings in the past 12-months – a 77 percent increase in filings compared to the same period a year before.

“The flood of foreclosures in Massachusetts is not only continuing, it has reached a new high,” said Jeremy Shapiro, president and co-founder of ForeclosuresMass.com. “The fact that we are starting the year with the highest number of foreclosure filings we’ve ever recorded for a single month is more than significant – it’s ominous.”
Several other statistics in the ForeclosureMass.com report suggest the bay state is facing tougher times ahead. Overall, the total number of foreclosure filings in Massachusetts increased 105 percent between January 2006 and January 2007, and there were 110 foreclosure filings recorded for every business day in the month of January.
Meanwhile, a county-by-county breakdown in Massachusetts shows the counties of Bristol, Barnstable, and Worcester experienced the most significant increases in foreclosures, while Nantucket is the only county that remained relatively unaffected.