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The Boston Globe

Business

Monthly foreclosures in Massachusetts at 6-year low

Only 371 homes were taken in October

Just 371 Massachusetts residents lost their homes to foreclosure in October, a 52 percent drop compared with the same month in 2011 and the lowest monthly total in almost six years.

October numbers from Warren Group, a private Boston company that tracks local real estate, also showed that between January and October, 6,861 property owners lost their homes to foreclosure, 2.5 percent fewer than during the first 10 months of 2011.

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