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The Boston Globe

Business

Signs show foreclosure to be crisis no longer in Mass.

After six years and tens of thousands of homeowners financially ruined, the foreclosure crisis in Massachusetts finally appears to have run its course, as the number of property seizures drops dramatically and home values rise steadily.

The latest figures, released Monday by a local real estate tracking firm, add to other recent evidence indicating fewer homeowners are having difficulty paying their mortgages than a year ago. A once-mountainous backlog of properties under foreclosure has been sharply pared, and a shrinking number of borrowers are receiving loan default notices.

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