A new report conducted by ForeclosuresMass.com, reveals that 1,812 Massachusetts Homeowners had repossession actions filed against them during August 2006, a 72% increase, compared to August 2005, and 266% Higher Than August 2004.

Jeremy Shapiro of ForeclosuresMass.com, says: "Foreclosures (repossessions) in Massachusetts continue to escalate at levels we haven’t seen since the housing crash of the early 1990’s."

He adds: “In August alone there were over 90 new foreclosures filed every business day from every corner of the state. These latest findings have prompted us to extend our forecast; we expect foreclosure rates to continue this historic climb well into next year."