Additional Information on Massachusetts Foreclosures and Bank of America
PBS has a great interview about Bank of America’s foreclosure prevention plans for Massachusetts. Bank of America’s Foreclosure Fight Plan Wednesday, March 24, 2010 SUSIE GHARIB: Welcome relief today for some people who can’t make their mortgage payments if they’re with Bank of America. Tom, under pressure from state attorneys general, the bank agreed to [...]
Bus tour highlights effects of foreclosures in Brockton Massachusetts
People here say they feel helpless and trapped. There have been more than 1500 foreclosures here in the past five years – some of it questionable lending practices – and there was anger tonight against banks. Most people are looking to find a way out. The bus says “All Occasions” and this one is a [...]
What is a Home Foreclosure – When and How Does it Happen?
It seems to me that a good starting point for the blog is a definition of a foreclosure. What is a Home Foreclosure? Foreclosure is the legal proceeding in which a mortgagee, or other lienholder, usually a lender, obtains a court ordered termination of a mortgagor’s equitable right of redemption. Usually a lender obtains a [...]