UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

(Check One): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
             [ ] Form N-SAR

                           For Period Ended: 12/31/00

                       [ ] Transition Report on Form 10-K
                       [ ] Transition Report on Form 20-F
                       [ ] Transition Report on Form 11-K
                       [ ] Transition Report on Form 10-Q
                       [ ] Transition Report on Form N-SAR


For the Transition Period Ended: ___________________

If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:


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PART I -- REGISTRANT INFORMATION


HOME FINANCING CENTERS, INC.
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Full Name of Registrant


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Former Name if Applicable

112-114 BURRILL ST.
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Address of Principal Executive Office (Street and Number)

SWAMPSCOTT, MA 01907
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City, State and Zip Code


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PART II -- RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

[X]  (a) The reasons described in reasonable detail in Part III of this form
     could not be eliminated without unreasonable effort or expense;

[X]  (b) The subject annual report, semi-annual report, transition report on
     Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be filed
     on or before the fifteenth calendar day following the prescribed due date;
     or the subject quarterly report of transition report on Form 10-Q, or
     portion thereof will be filed on or before the fifth

[ ]  (c) The accountant's statement or other exhibit required by Rule
     12b-25(c) has been attached if applicable.

PART III -- NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report portion thereof, could not be filed within the
prescribed time period.

Due to organizational developments during the 2000 calendar year, primarily the
acquisition of substantially all of the outstanding shares of MAS Acquisition X
Corp. by Home Financing Centers, Inc., which resulted in a change in control of
the registrant, we have experienced delays in the gathering of information
concerning the predecessor and the successor entities necessary to complete the
Form 10-KSB. We anticipate the completion of the Form 10-KSB shortly, and, we
intend to file it within the extension period.

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PART IV -- OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this
     notification:

     Gary J. Kovner          781                      596-1992
     --------------        -----------           ------------------
     (Name)                (Area Code)           (Telephone Number)

(2)  Have all other periodic reports required under Section 13 or 15(d) of the
     Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
     of 1940 during the preceding 12 months or for such shorter period that the
     registrant was required to file such report(s) been filed? If answer is no,
     identify report(s).

     [x]  Yes  [ ] No

(3)  Is it anticipated that any significant change in results of operations from
     the corresponding period for the last fiscal year will be reflected by the
     earnings statements to be included in the subject report or portion
     thereof?

     [x]  Yes  [ ] No

     If so, attach an explanation of the anticipated change, both narratively
     and quantitatively, and, if appropriate, state the reasons why a reasonable
     estimate of the results cannot be made.

     In 2000, substantially all of the outstanding shares of MAS Acquisition X
     Corp. was acquired by Home Financing Centers, Inc., which resulted in a
     change in control of the registrant. At the time of the change in control,
     MAS Acquisition X Corp. was a relatively inactive corporation; therefore,
     it can be anticipated that the financial statements of Home Financing
     Centers, Inc., the successor entity, reported for the fiscal year ended
     December 31, 2000 will differ significantly from the financial statements
     for MAS Acquisition X Corp., the predecessor entity, reported for MAS
     Acquisition X. Corp.'s prior fiscal year.

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                          HOME FINANCING CENTERS, INC.
                  --------------------------------------------
                  (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.


Date:  4-2-01                    By: /s/ Gary J. Kovner
                                    -----------------------------
                                     Gary J. Kovner, President



INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority
to sign on behalf of the registrant shall be filed with the form.

                                    ATTENTION


International misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).

                              GENERAL INSTRUCTIONS

1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules
and Regulations under the Securities Exchange Act of 1934.

2. One signed original and four conformed copies of this form and amendments
thereto must be completed and filed with the Securities and Exchange Commission,
Washington, D.C. 20549, in accordance with Rule 0-3 of the General Rules and
Regulations under the Act. The information contained in or filed with the form
will be made a matter of public record in the Commission files.

3. A manually signed copy of the form and amendments thereto shall be filed with
each national securities exchange on which any class of securities of the
registrant is registered.

4. Amendments to the notifications must also be filed on form 12b-25 but need
not restate information that has been correctly furnished. The form shall be
clearly identified as an amended notification.

5. Electronic filers. This form shall not be used by electronic filers unable to
timely file a report solely due to electronic difficulties. Filers unable to
submit a report within the time period prescribed due to difficulties in
electronic filing should comply with either Rule 201 or Rule 202 of Regulation
S-T (ss.232.201 or ss.232.202 of this chapter) or apply for an adjustment in
filing date pursuant to Rule 13(b) of Regulation S-T (ss.232.13(b) of this
Chapter).

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