An Act to facilitate alternatives to foreclosure
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill aims to strengthen the Massachusetts Foreclosure Mediation Program, providing more resources and support to homeowners facing foreclosure. The goal is to offer alternatives to foreclosure by facilitating discussions between homeowners and lenders. It seeks to increase access to mediation services and potentially expand the program’s scope to assist more struggling homeowners. The bill’s intent is to reduce the number of foreclosures in the state.
Key provisions
- Expands the Massachusetts Foreclosure Mediation Program.
- Increases funding for the program.
- Aims to improve access to mediation services for homeowners.
- May include provisions for additional support services alongside mediation.
- Focuses on facilitating alternatives to foreclosure proceedings.
Who is affected
- Homeowners facing foreclosure
- Lenders and mortgage servicers
- Massachusetts residents
Notable changes
- Strengthens the existing Foreclosure Mediation Program.
- Potentially increases funding for mediation services.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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