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The number of residential and land foreclosures is increasing in the rural towns of Massachusetts. According to reports, foreclosure rates are climbing higher in towns than in urban areas of the state.

Bank foreclosures dipped in the region of Southeastern Massachusetts in February 2011. Analysts stated though, that it is still too early to expect a recovery.

Tax lien foreclosure properties have taken a huge bite out of luxury residences' sales in the past. In Massachusetts, however, 2010 luxury home sales were up.