Shameless

From the Boston Globe: Mass. foreclosure cases plummet.

The drop is attributed to a state law that took effect May 1 giving struggling homeowners a bit of breathing room. The so-called right-to-cure law created a 90-day period in which homeowners can "cure" mortgage delinquencies by catching up on payments or finding a buyer.

There were just 350 new cases brought by lenders against delinquent homeowners last month, compared with 2,308 in June 2007.

The number of foreclosure proceedings initiated in Massachusetts plummeted in June, a sign that a new state law delaying property takings is working.

Yeah, right. It's really working.

This is just so fuckin' shameless it's hard to endure.

Yeah, sure, report on the 89th day that things are great after a law puts a temporary moratarium for 90 days. How much more mendacious and shameless can you get, motherfuckers?

What's missing in the detail is that this the 27th straight month of Y-o-Y (year-on-year) declines for the Boston area?

Let's rephrase that again.

Prices have dropped 27 straight months in a row.