Massachusetts Banking Officials To Help Homeowners Avoid Foreclosure

Following a protest at the Statehouse on Thursday by homeowners facing foreclosure, Massachusettts Governor Deval Patrick has directed state banking officials to help homeowners negotiate mortgage payment terms to avoid foreclosure, according to an Associated Press article appearing in the Boston Globe.

Reportedly, the Massachusetts Division of Banks has already secured 60 to 90 day freezes on the foreclosures on behalf of 11 of the protesters and will help other homeowners having trouble with their mortgages by providing housing counselors or contacting their lenders to stop or delay foreclosures, according to Steven Antonakes, the Commisioner of Banks. For more, see Patrick directs state to help homeowners.
.