Foreclosures in Massachusetts rose again in May, this time more than doubling from the same month last year, according to the Warren Group.
Normally, we’d be more than a little nervous about this trend. But the banks have recently been freed up to act more aggressively on the foreclosure front — and that’s exactly what they’re doing now. So it was expected.
As crushing as foreclosures may be on individual homeowners (and we’re genuinely sympathetic to them), it’s important to get things like this done fast, sort of like ripping off a bandaid quickly. It hurts less in the long run.