Massachusetts AG Takes Action On Foreclosures

Earlier this summer, Attorney General Martha Coakley unveiled a multi-faceted plan to tackle the foreclosure crisis in Massachusetts. Unfortunately, homeowners facing foreclosure often find themselves in a vulnerable position and may become targets for foreclosure rescue schemes and dishonest lenders. The Attorney General's plan includes steps to stop foreclosure rescue schemes, stop deceptive mortgage practices, and provide assistance to residents facing foreclosure.

Go here for links to recently issued regulations targeting foreclosure rescue operators (940 CMR 25.00: Foreclosure Rescue Transactions and Foreclosure-Related Services) and to the new regulations targeting brokers & lenders (940 CMR 8.00: Mortgage Brokers and Mortgage Lenders).

Go here for Pro Bono Foreclosure Assistance Hotline.