Sunday, January 30, 2011

Hearing on new foreclosure law

Foreclosure-Related State of MA Hearing
Wednesday, Feb. 2 at 2 p.m.
Springfield Public Office Building at 436 Dwight Street.

The Mass. Division of Banks is holding a public information hearing on regulations related to Massachusetts' new foreclosure law.  While the law passed last August represented progress, our communities need a lot more protection from the banks.  For more information or to confirm that you can be there, contact

This is a chance to send our State officials a message.  Some points our members have raised:
1) We need the state to increase protections for former homeowners as bank tenants;
2) Banks need to offer meaningful loan modifications to homeowners;
3) We need banks to offer principal reduction on loans, to reflect actual market value of homes.
Share your own thoughts & experiences at the hearing. Print Friendly and PDF

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